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Saturday, 07/11/2020 1:47:37 AM

Saturday, July 11, 2020 1:47:37 AM

Post# of 19484
Investor Relations Hycroft Mining Holding Corp.

I requested information on what to do with the HYCTW's..

"...While I can’t advise you on what to do with the warrants, I can tell you that the warrants are not in the money. If you were to hold them the share price may exceed the warrants exchange ratio prior to their expiration, or you could sell them on the OTC..."


I requested information from Merrill-Lynch:

"...I see where it says as of 6/1, the exercise price is $44.82 per share, and each warrant may be exercised into .2523 shares of HYMC... From what I see, the current price of the stock is about $10.44. So at the moment, it does not make economic sense to exercise the warrants..."


So to summarize, if I wanted to convert my warrants it would cost 44.82/share + 3.964 warrants.

If a person had 100 warrants:

You could buy 100 x 0.252324.23 = 25 shares of HYMC for only $1130.81.

Which would immediately become valued at 263.00, so you would only lose 868 bucks!

I realize that some/all of this is old hat to many of you, but I was not getting what you were all laying down amongst all the chatter.


Now excuse me please, I have an urgent need to rub some soothing gel on my arsehole....


Maxwell
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