Sunday, October 16, 2022 10:54:29 PM
Years ago, this was Allied Nevada (ANV) till out of the blue, ANV declared bankruptcy, screwed all the existing shareholders and then was 'bought' out by Hycroft or whatever the hell they were called at the time. But it was a royal screw job for ANV shareholders
Same thing just happened to AXU shareholders. They got their permit to mine, was making strides to ramp up production. All of a sudden the share price which had been sliding due to the slow progress in ramping up production, dropped to the 40 cent range, and out of no where comes an announcement that HL was buying them for a 'premium' (47 cents/sh) to the 'current' share price of 40 cents. Which screwed royally all of the existing AXU shareholders. But was a hell of a bargain for HL.
No idea whats going on here, but wouldn't surprise me if they get close to production, and sell themselves off to a 'bigger' player, many who reportedly are looking to increase their 'revenues' thru purchases rather than opening up new mines themselves.
disclaimer: yep, got screwed in the ANV deal, avoided the AXU screwing because I had sold out higher when I didn't like the chart, and hadn't reloaded tho will admit, when it was at 40 cents, it was a screaming buy till it 'wasn't'. HYMC at this price should be a nice buy, but just can't figure out whats going on, and quite frankly, haven't really liked HYMC after what they did to ANV shareholders. Despite the resources they supposedly control.
Recent HYMC News
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 08/23/2024 08:10:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 05:30:20 PM
- Hycroft Announces Second Quarter 2024 Results • PR Newswire (US) • 08/06/2024 01:00:00 PM
- Hycroft Announces First Quarter 2024 Results • PR Newswire (US) • 05/07/2024 12:30:00 PM
- Hycroft To Be Added To the Solactive Global Silver Miners Total Returns Index • PR Newswire (US) • 04/25/2024 02:00:00 PM
- Hycroft Exploration Program Defines High-Grade Mineralization Controls • PR Newswire (US) • 04/03/2024 12:00:00 PM
- Hycroft Announces Year End 2023 Operating and Financial Results • PR Newswire (US) • 03/14/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/13/2024 01:00:17 PM
- Hycroft Announces Start of 2024 Drill Program Targeting High-Grade Silver Discoveries • PR Newswire (US) • 02/13/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 09:05:44 PM
- Hycroft Delivers More High-Grade - Expands New Silver System at Brimstone • PR Newswire (US) • 01/09/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 01:00:31 PM
- Hycroft Regains Compliance with Nasdaq Listing Requirements • PR Newswire (US) • 12/05/2023 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/28/2023 01:36:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/16/2023 01:05:34 PM
- Hycroft Drills Best Hole Ever - Discovers New High-Grade Silver System • PR Newswire (US) • 11/16/2023 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/09/2023 10:21:04 PM
- Hycroft Mining Announces 1-For-10 Reverse Stock Split • PR Newswire (US) • 11/09/2023 09:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/31/2023 09:12:13 PM
- Hycroft Mining Announces Third Quarter 2023 Results • PR Newswire (US) • 10/31/2023 08:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/31/2023 08:15:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/26/2023 12:30:37 PM
- Hycroft Mining Announces Reverse Stock Split • PR Newswire (US) • 10/26/2023 12:00:00 PM
- Hycroft Mining Finds Elevated Silver Across the Hycroft System in Phase 2 Drilling • PR Newswire (US) • 10/23/2023 12:00:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
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Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
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