I totally agree they have stolen millions - but if we had all our shares returned at 15c, we could ride the upside - the share price wouldn't stay at 15c for long....
Cheers. The point I was trying to make was .15 a share won't cut it. The hedge funds stole millions from us.
Even if the appeal gets denied we will get minimum.15 a share back as long as the mining sector doesn't take a dive. The company could not have gave us 12 million back via bankruptcy unless there was a buyout that put is in the money, they would of had to agree to restructure the debt prior to the filing and that plan would have never been approved. All schematics aside, in this market the company is worth what the feasibility study says it is over 3 dollars a share.
It's a very good point. Highlighting the ridiculous sum of money paid out to the lawyers instead of meeting us halfway, returning our shares in full at say 10c, 10 lousy cents which would be $12.6M. It tells us that the BOD are actively stealing the mine. It tells us in actual fact that they are not as hopelessly insolvent as they would have us believe, as they are paying out way more than that. It may be worth reporting this in a brief. Of course they will say that the fees wouldn't be so high if they didn't have all these appeals etc but we could counter that by saying there wouldn't be any fees at all if they had not stolen a gold and silver mine from the shareholders! Swear to god, if the third circuit upholds the POR, my already destroyed faith in their system would be completely and utterly decimated!
The reply brief for the District Court final appeal is due in July. After that 30 days to notice the 3rd Circuit appeal would put us in August, couple months to brief and await the order might get a final ruling in 1q 2017. If the appeal comes back equitably moot that could change the time frame.
Thanks for the reply ANV Lawsuit.So honestly he Mr Tuttle is still the Same Heroe as it was last week lol
Finger crossed for the Apealing process to bring all over back at the WallRats steps the Case and through a US Trustee we could have our way.Right now we are at the hard rock and could become harder for all of us by looking and imagine how big the profits of a Possible 1500$ per ounce would have looked for the Retailers if there wasnt a BK in place for the ANV.Do we know what time table are the retailers looking for the fight in the future.
If the appeal reverses confirmation the hedge funds that took all the equity from the exit facility
would potentially lose big. The appeal can't hurt Barrick it can only the hedge funds. Right now those hedge funds control the BOD but if the appeal is successful a Trustee will eventually be appointed. Even though that might be a longshot still makes no sense they keep paying Akin Gump with money/equity that should have gone to the Ad Hoc. This bankruptcy was very dirty so it's hard to tell what dog to back.
You could be right but the question remain of why there is a Barrick representative in the Hycroft BOD still sitting right now over there and why there have been Always being busy around in eveything going on in the Hycroft.But in the end why going to this route when there isnt possible to give a buy out offer knowing that the bod woulldnt accept that the Bidder holds more than 5% of the ANV stock.
My thoughts are Barrick may be in favor of the appeal going forward, if not the ones behind it assuming they own the shares we never found.
So what are your thoughts Lawsuit?Arent we as rtail shareholders in the right track in this fight of the Add Hoc Committee against the Debtors in Posessesion akka HEdgies and the ANV BOD?Can you please bring some more meat in the table now that you bring up this kind of thoughts forward?What do we need to expect from the future of our investment right now in the ANV Warrants?Most probablly I see some kind of Merger or buy out offer from the Barrick as we have Always thought or I am not being right in my assumptions in our case against the BOD and the Debtors in POsesion?
Can you please share your thoughts and INFO if possible and allowed from your standpoint of view?It really feels very bad to now know the gender of the one we all as shareholders have tremendeously valuated and apreciated and brought out as hero?We feel like cheated and we dont know and udnerstand the reason of why?It looks like an Science fiction movie.Please chime in so we can deduce more about the today situation right now we have on our Investment as retailers.
It comes from the people who you dont know who they are but of course you ignore the signs on the wall.He is SOMEONE WHO I TRUST BLINDFULLY and have a lot of good experiences from his past in the interest of the Retailers.So I say lets bring him in charge and give the right place deserve right now in this fight.
If I am not wrong the Gold price per ounce till the end of this Year is going to trade around 1400$ per ounce and there already achieved in the amount of the golded traded and aquired during the last months.Lets see where the Summer ends but also lets not forget that that the 1300$ per ounce the ANV is worth 1.4B$ per the Debtors numbers of the last POR and they "Are in Profit" by their words which could change very fast if the need too.
The Apeal proces moving forward and with the Gold Price looming above the known pivotal 1300$ per ounce the ANV SHareholders have to be confident in their Investment.Hail Brian Tuttle and Jordan Darga with our other HEroes as we are all behind them in this fight for justice betwen as the David and them the ugly Goliath.
Here is another one mentioning Barrick.
George Soros is bracing for a stock market storm
Soros, known as the "man who broke the Bank of England," is instead investing in gold. He plunked down $387 million to amass new positions in a gold ETF and also bought shares of Barrick Gold (ABX), the world's largest gold miner in the first quarter. Gold tends to do well when people are afraid.
Soros has built a fortune on these bets. Forbes estimates he's worth $25 billion. Soros is best known for betting $10 billion in 1992 against the British pound -- a trade that made him $1 billion in a single day.
Soros isn't the only big bear these days. Stanley Druckenmiller, who served as the lead portfolio manager at Soros's hedge fund when it took on the Bank of England, recently warned that China is in the midst of an "extremely rare and quite dangerous" explosion of debt. Druckenmiller also railed against "reckless" behavior by U.S. CEOs and talked up gold, which has rallied 21% so far this year.
So if he is buying at this lelvels when is the rally going to stop?Is it going to be to the 1500 already achieved some years aggo or is it the pick of the 1800$ or above?Still what ever price will be a good push for our case against the Crocks in posetion of the BOD and the Hedgies in conection with the Barrick crocks trying to steal our piece of assets worth more than 500M$.
Seems like a pretty obvious violation that Walrath couldn't turn a blind eye too so why wasn't it picked up during the BK process?
Lets hope that the Apeal process is going to produce some good results sooner than later.We are all hoping and wishing to see a Request in a Civil Court house with RICO claims against the evil in Posession.That would be the Best for all of us suffering from the injustice of the BOD and their hedge funds jackals.
Now the main question remain how much longer are they going to be able to keep it at this levels or lower as there is no one seling gold lower than the magic 1500$ per ounce where around those price the Market would suporte it if the free market was left to work properly as was made to work for.