Hey Nick, my thoughts are that ABX may well buy the company but that doesn’t mean anything to us unless the buyout figure is above the adjusted equity figure which would give our warrants value. The value of the company during this fraud was put at $200-$300m. In order for our warrants to get any value the buyout would have to be substantially higher than that. But how can it be? Of course we know that the company is worth a heck of a lot more but how do they actually sell the hycroft mine for it’s full value when they lied so brazenly about it in order to cram down the b/k? Can you imagine reading that they sold the mine for 1.3b or whatever it was valued at before the b/k? You’d be sick right? I don’t know what will happen but I swear to god a sale over and above the b/k value put out by Moelis and co sets off red flags for me! Of course if they want to give us our shares back and sell it then that’s another thing altogether.
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