IKN

children of an idle brain

More on the Hycroft Mining (ex-Allied Nevada) “restructuring”

Last week we brought you news of Hycroft Mining (ex-Allied Nevada) and how it had emerged from Chapter 11 with $221m in cash and shares of the old company beaten into nanoparticals. Since then IKN has heard from several sources that all plant and machinery at the mine is up for sale, with all reasonable offers considered.
And that “ore on leachpads” that’s never ever ever EVER going to be turned into finished product is still classed as an asset on its books.
So, that restructuring’s going well. Innit guv.

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