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HYMC Soaring - How does Hycroft impact AMC's investment?
HYMC Soaring - How does Hycroft impact AMC's investment? Hycroft Mining (Nasdaq: HYMC) is up about 185% in the last 30 days upon news of two private placement equity raises, paying off all the company's long term debt, giving the company a healthy remaining cash position, with metals prices on the uptrend, and a Technical Report with Economics on Hycroft due to be published by the company before the end of this year. What does all this mean for AMC's 2022 investment of $27M in HYMC shares and warrants? How much (if any) does AMC stand to make.? What is the CAGR? Was Adam Aron's tweet this week that AMC is no longer in the red on their Hycroft investment correct? #TonyDenaro #AMC #HYMC
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DISCLAIMER: Content, strategies and opinions on this channel are for entertainment purposes only. These are Tony's opinions, not specific investment or legal advice for you. Always do your own due diligence, read company filings and financial statements and seek a duly licensed professional for investment, tax or legal advice. Past performance is not a predictor of future results. This is not personalized but rather general educational and informational material.
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