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Re: None

Thursday, 05/09/2024 1:37:03 PM

Thursday, May 09, 2024 1:37:03 PM

Post# of 19389
Hycroft is forming an Ed / Magee textbook-perfect pennant


which, when it resolves at about the current ~$3.50 level in about another week should launch it on the
next leg higher. Probably yet another encouraging Press Release or some similar positive event should light the launch.

This next leg up will almost certainly reach $5, at which point.... Hycroft needs to immediately consider and implement a 2-for-1 Forward Split. The 10-to-1 Reverse was just too much, although we all know why it had to be done. The 10-to-1 left too few Shares, as the "smart money" discovered in late March when they suddenly started piling in, but..... weren't smart enough to remember how few Shares there were. and the effect that would have on their enthusiasm. They won't make that mistake again. But a 2-for-1 Forward is essential.
Bullish
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