Elon Gets Sued By Shareholders Over Solar City Acquisition
Today I want to talk about the lawsuit between Elon and Tesla shareholders over the Solar City acquisition. First off, let’s talk about Solar City. Solar City was founded in 2006 by Peter and Lyndon Rive, both cousins of Elon Musk. They focused heavily on door-to-door sales of leased systems. Under this model customers paid […]
US Consumer Inflation Expectations Soar to Highest Since 2013
Although the Federal Reserve continues to insist that any sign of growing price pressures are only temporary and will subside once the US economy returns to normality, Americans appear to have a differing viewpoint. According to the latest New York Survey of Consumer Expectations, median inflation expectations for the next 12 months rose to 4.8%, […]
Canaccord: Virgin Galactic Selloff Is Overdone
Virgin Galactic Holdings (NYSE: SPCE) over the weekend had their first successful launch into suborbital space for roughly four minutes, which included the billionaire founder Richard Branson alongside a crew of five other individuals. Then at 9:28 AM, right before the bell, the company filed a prospectus allowing the company to sell up to $500 […]
Still Transitory? US Core Consumer Prices Jump By Most in 30 Years
All eyes today were on the Bureau of Labour Statistics’ latest CPI print, which showed that the prices Americans paid for goods and services rose by the most since 2008, significantly exceeding all forecasts and further complicating the Fed’s ongoing insistence that any and all inflation that arises in the post-pandemic recovery world will only […]
Virgin Galactic Sent Tumbling Following $500 Million Stock Sale Announcement
Shares of Virgin Galactic Holdings (NYSE: SPCE) were sent plummeting back to Earth on Monday, after the space exploration company revealed it will sell up to $500 million worth of common stock. Virgin Galactic, which is owned by billionaire Richard Branson, recently completed its first fully-crewed test flight into space— with the founder on board. […]
Gran Tierra Lowers Production Guidance, Raises EBITDA Guidance For 2021
Gran Tierra Energy Inc. (TSX: GTE) announced Monday its updated operational and financial guidance for 2021. This follows the recently ended blockades in Colombia that impacted key transportation routes and resulted in temporary shut-ins of the company’s wells and oil fields in the country. Recognizing the effect of the temporary strain in its operations, the […]
Mako Mining Reports 96.3% Gold Recovery Rate At San Albino, Announces Commercial Production
Mako Mining Corp. (TSXV: MKO) reported this morning the pre-commercial production results from its San Albino gold mine in northern Nicaragua. The results cover the production between May 12, 2021 until June 30, 2021. The San Albino 500-tonne per day gravity and carbon-in-leach processing plant has been operational since May 12, 2021. According to the […]
Discovery Silver Drills 3,934 G/T Silver Equivalent Over 1.1 Metres At Cordero
Discovery Silver Corp. (TSXV: DSV) announced today the results from 13 diamond drill holes at the Josefina vein at the company’s flagship Cordero silver project in Chihuahua State, Mexico. The highlights of the drill results include intersecting 3,934 g/t silver equivalent over 1.1 metres. The drill holes in this report are part of the recently […]
Aya Gold & Silver Produces 439,149 Silver Ounces Grading At 297 G/T In Q2 2021
Aya Gold & Silver Inc. (TSX: AYA) shared today its quarterly production results for Q2 2021 at the Zgrounder Silver mine in Morocco, recording silver production of 439,149 ounces. This is an increase from Q1 2021’s silver production of 389,132 ounces. The quarterly silver production had an average grade of 297 g/t silver, compared to […]
GMV Minerals Encounters 156 Metres of Mineralization In Preliminary Drill Results
The latest drill program being conducted by GMV Minerals (TSXV: GMV) is off to a strong start. The company this morning announced that drilling has commenced for its latest 3,000 metre program, with the first hole posting positive initial results. GMV has reportedly completed its first hole under the program already, with the hole being […]