SPAC Interview With Mudrick Capital (MUDS) And Hycroft Mining (HYMC)

By Dudley Pierce Baker Founder – Editor Common Stock Warrants I recently had the privilege of interviewing Jason Mudrick of Mudrick Capital Acquisition Corp (MUDS) and their recent merger with Hycroft Mining now trading on the Nasdaq as HYMC and HYMCW. We were joined in the interview with Jeff Baker, my son, an economic geologist as well as David Kirsch, Chairman of the Board of Hycroft Mining. Hycroft Mining will be announcing its Second Quarter financials on August 10, 2020. Hycroft to Release Second Quarter Financial and Operating Results on Monday, August 10, 2020 Conference Call to be Held August 10, 2020, at 11:00 am MT  We trust you will enjoy our interview and encourage you to share with other like-minded investors. Hycroft Mining Holding Corporation (HYMC) is a gold and silver producer operating the Hycroft Mine located in the world-class mining region of Northern Nevada. The Hycroft Mine features one of the largest gold and silver deposits in the world with a low-capital, low-cost process and a 34-year mine life. Hycroft Restart and Future Growth Interested investors should visit Hycroft’s recently updated Corporate Presentation as of July 2020 Hycroft Mine Overview Senior-scale asset with expected average annual production of approximately 366 koz Au Eq.(1)  Management has developed a “capital light” restart plan that is being executed in 2020 after which the mine will be begin to ramp up to Feasibility Study production levels  Mining has been ongoing for over a year  Hycroft has fully constructed mine … Continue reading

Warrantless but not unwarranted: Therapeutics Acquisition prices first ever SPAC IPO of common shares

Note from Dudley Pierce Baker, I just saw this article out today and wanted to share it will my followers. If you follow the SPAC’s, blank check companies, this is the first offering without a stock warrant. Only shares were issued, not units, and thus no warrants which we frankly love to see as they are included in our database. I kind of doubt this will become a trend but I will be watching. Warrantless but not unwarranted: Therapeutics Acquisition prices first ever SPAC IPO of common shares July 8, 2020 2020’s blank check boom hit another major milestone with Therapeutics Acquisition (TXAC). For the first time in their roughly 20-year history, a SPAC has completed an IPO by selling common shares rather than units, signaling ever-greater demand in the space. SPAC offerings normally include units consisting of shares of common stock and tradable warrants. Therapeutics Acquisition marks a notable first, but it is also part of a trend, with more SPACs this year lowering their warrant component to 1/3 and 1/4 warrants. 2020 SPAC milestones The first ever SPAC IPO of common shares: Therapeutics Acquisition (TXAC) The largest SPAC ever to go public: Churchill Capital Corp III (CCXXU) The largest SPAC ever to file for an IPO: Pershing Square Tontine (PSTH.U) The biggest quarter ever by proceeds (tied for most deals): 2Q20, 24 SPACs and $7.2 billion On pace for a record year in 2020 Several companies have chosen SPAC listings over IPOs   Therapeutics Acquisition Corp., Sponsored by RA Capital Management, L.P., Announces Pricing of Upsized $118 Million … Continue reading