Author needs to check that Dropbox link you just sent damnnnnnn someone should send that to both Cramer and cnbc this will be the biggest scandal since who knows when
This is a spectacular piece of work, especially going into the nuggets for things like the royalty. I was wondering if you had any stance on the SEC complaint from warrant holders claiming the company stole $600 million from them?
Shorts just can’t stop hooting and hollering on twitter about this putting on such a display for apes who can’t be bothered with anything other than deciding if lou is a shill or not. You’re all done shorts lol
A large unknown is the movement of the price of gold where the newer processes (eg. two step sulfide oxide extraction or leachate processing or another method) becomes profitable. At $2,000 USD per oz gold it isn't worth it, but if we are entering a period of monetary hyperinflation and gold rises in price to $5, 10, 20K or more per ounce. Then, yes, Adam Aron is sitting on a hugely profitable gold and silver mine.
The best Doomberg piece to date, I think. The Sprott name gives the deal the imprimatur of propriety but, as others have pointed out, he is fairly diversified in the precious metals mining space. AMC not so much.
I LOVE independent financial media and Doomberg is now amongst my favorite reads. You guys are KILLING it!!!! Thanks for being there, the world needs more journalism like this. Bravo!
Folks, I've been following Eric Sprott for decades. An investment in this mine or any other should not be seen as a vote of confidence in the project and AMC using his name to garner credibility is totally disingenuous. He is a winner precisely because he invests in EVERYTHING. He'll invest in 100 companies knowing that 1 will go to the moon, 9 will turn out okay or get gobbled up by a larger mining group at a small profit, and the other 90 will go bust. It's the way this industry works. Not holding some of your investment in precious metals and mining stocks is silly, but you have to spread it broadly or you might as well be buying scratchers.
Just flew over hycroft (en route to SFO) Still nothing happening there.
You need to offer more content before you start looking for paywalls.
Once I heard the streets in America are paved with gold.
But I quickly learned 3 things:
1. No gold
2. No roads
3. YOU are the ONE required to build the road.
That’s how anything in life worth doing is done.
Author needs to check that Dropbox link you just sent damnnnnnn someone should send that to both Cramer and cnbc this will be the biggest scandal since who knows when
See how ANV shareholders were robbed in this e-book (its crazy): https://www.dropbox.com/sh/x01j5z5s5kcrv19/AAAIs4xgU1BJ8qPMnQfsaHcva?dl=0&preview=Book+-+Managements+Step+By+Step+Plan+To+take+the+Hycroft+Mine+from+Shareholders.pdf
This is a spectacular piece of work, especially going into the nuggets for things like the royalty. I was wondering if you had any stance on the SEC complaint from warrant holders claiming the company stole $600 million from them?
Its not clear to me the Sprott debt transaction. Who owns the debt and who is the beneficiary?
Why AMC and Eric Sprott are buying a stake in a controversial GOLD mining company Hycroft Mining Holding?
There are so many great gold mining companies like Barrick Gold out there.
Hycroft Mining Holding used to be Allied Nevada Gold (ANV) before they suspiciously declared bankruptcy.
It was found that there was a bankruptcy fraud and there is an ongoing class action.
According to court ruling ANV shareholders own 17.5% of Hycroft.
Legally they hold the key and major decision making.
And AMC is getting involved with this?
Basically, AMC is buying stolen goods from thieves and they know it.
Expect to see ANV shareholders sue AMC.
YAY, Fool's Gold. Sprott Macaco! Bananas!
great stuff
Great read. Thx
Shorts just can’t stop hooting and hollering on twitter about this putting on such a display for apes who can’t be bothered with anything other than deciding if lou is a shill or not. You’re all done shorts lol
A large unknown is the movement of the price of gold where the newer processes (eg. two step sulfide oxide extraction or leachate processing or another method) becomes profitable. At $2,000 USD per oz gold it isn't worth it, but if we are entering a period of monetary hyperinflation and gold rises in price to $5, 10, 20K or more per ounce. Then, yes, Adam Aron is sitting on a hugely profitable gold and silver mine.
The best Doomberg piece to date, I think. The Sprott name gives the deal the imprimatur of propriety but, as others have pointed out, he is fairly diversified in the precious metals mining space. AMC not so much.
I LOVE independent financial media and Doomberg is now amongst my favorite reads. You guys are KILLING it!!!! Thanks for being there, the world needs more journalism like this. Bravo!
Folks, I've been following Eric Sprott for decades. An investment in this mine or any other should not be seen as a vote of confidence in the project and AMC using his name to garner credibility is totally disingenuous. He is a winner precisely because he invests in EVERYTHING. He'll invest in 100 companies knowing that 1 will go to the moon, 9 will turn out okay or get gobbled up by a larger mining group at a small profit, and the other 90 will go bust. It's the way this industry works. Not holding some of your investment in precious metals and mining stocks is silly, but you have to spread it broadly or you might as well be buying scratchers.