Okay, so Eric Sprott. This guy, he’s buying up Hycroft Mining. Another $9.2 million worth of shares. Just… adding to the pile. It’s like, does he need 40% of a mining company? I mean, what is he planning? It’s not like he’s going to start swinging a pickaxe himself. And the SEC filing? It’s just… excessive. All that paperwork for this? It’s a system designed to make you feel inadequate. And then they expect us to understand it? Honestly.
The Numbers, If You Must
| Metric | Value |
|---|---|
| Shares Traded | 200,000 |
| Transaction Value | $9.2 million |
| Post-Transaction Shares (Indirect) | 36,753,704 |
Thirty-six million shares. Indirectly, of course. Because direct ownership is just… too straightforward. There’s always a layer. Sprott Mining Inc. and then 2176423 Ontario Ltd… it’s like a Russian nesting doll of holding companies. Who even keeps track of this? And the price, $45.99. They couldn’t make it a round number? It’s just… irritating. They open at $53.53. The fluctuation! It’s designed to make you feel like you’re constantly losing.
Let’s Overthink This
- The Price Context: $45.99. It’s just… a weird number.
- Sprott’s Ownership: He owns a lot of shares. Indirectly, through layers of companies. It’s a power play, obviously. But for what?
- Materiality of the Transaction: It’s 0.55% of his holdings. 0.55%! It’s like adding a single olive to a giant martini. Is it even worth mentioning? Apparently, someone thinks so.
- The Entity Structure: Sprott Mining Inc., owned by 2176423 Ontario Ltd… It’s like a shell game. You’re never quite sure where the money is going.
Hycroft: A Company Snapshot
| Metric | Value |
|---|---|
| Price (as of 1/29/2026) | $45.73 |
| Market Capitalization | $2.98 billion |
| Net Income (TTM) | -$45.61 million |
| 1-Year Price Change | 2,080% |
Two thousand eight hundred percent. In a year. What is going on here? It’s not sustainable. It’s a bubble. Everyone knows it’s a bubble. But no one wants to be the one to say it out loud. They operate a mine in Nevada. Gold and silver. Fine. But 56 employees? That’s it? And $140 million in cash? That’s not a lot for a mining company. It feels… precarious.
What Does it All Mean?
Sprott’s got more than 40%. He’s been throwing money at this thing since June 2025. It’s like he’s trying to prove a point. And the AMC connection? That’s just bizarre. They sold 80% of their stake. On Sprott’s advice, no less! AMC, a movie theater chain, giving financial advice to a mining company? It’s a recipe for disaster. A beautiful, chaotic disaster.
And the stock is up 2,000% in a year. Meanwhile, the VanEck Gold Miners ETF is up 186.9%. See? It’s not about fundamentals. It’s about… hype. And momentum. And people making irrational decisions. It’s infuriating. They’re pricing in a future that isn’t going to happen. I just know it. It’s like everyone’s in on a joke, and I’m the only one who doesn’t get it. And frankly, I don’t want to get it. It’s exhausting.
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2026-02-12 15:52