IKN

Tis rigor and not law

Hycroft Mining (ex-Allied Nevada) and that cartoon of the birds

Once again, a more accurate analysis is impossible to achieve:
Today’s NR starts this way:

Hycroft Mining Corporation Completes Financial Restructuring Process
and Emerges from Chapter 11 with $221.7 Million in Financing




RENO, NEVADA–(Marketwired – Oct. 22, 2015) –
Hycroft Mining Corporation (previously known as Allied Nevada Gold
Corp. and referred to herein as “Hycroft Mining”, “us”, “we”, “it” or
the “Company”) is pleased to announce that, effective October 22, 2015,
it has completed its financial restructuring process and has emerged
from Chapter 11. On October 8, 2015, with the support of the Company’s
debt holders and creditors, the Company’s Plan of Reorganization (the
“Plan”) was approved by the United States Bankruptcy Court for the
District of Delaware. Continues here

Gotta love how Randy Buffington is still in charge of this mess. And gotta love the way this company still has all its “gold on heap leach” as a current asset. Pity the main leach pad in question has turned to concrete but hey…details…

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.