Replies to post #3861 on Hycroft Mining Holding Corp (HYMC)

[nsomniyak]

A company can go into CH11 with asset value way higher than debt, if the debt is short term and the assets are long term. Happens all the time. The good news in cases like that is that there is value in the company - they need TIME as much or more than they need money, and Ch11 gives them time.

Hard to say how ANV(GQ) will work out, but in other cases like this (Chemtura, for example) I have seen companies pull through with value for shareholders once they do. However, we should be prepared for a VERY long haul - it will not be a quick process.

[longvper]

Sounds like a great way to make money. I was just flipping ANV and got caught. I won't be selling at these prices, but will wait and see how the legal case develops. I also understand Eric Sprott and other large investors have shares. I doubt they will sit idle. Should be a good buy at .10 or even lower if shareholder are skittish.