Inca One Gold: Gold Prepayment Facility Expected To Continue To Drive Results
When it comes to the gold market, presently, headwinds are rather less than exciting. With the metal currently unable to return to new high’s that were hit last summer, the sector has, understandably, been hit with the doldrums. But that’s not to say that good opportunities don’t exist within the space as it stands today. […]
Greenidge Generation Suffers Giant Loss on First Day of Trading
The Bitcoin mining company Greenidge Generation Holdings Inc. (NASDAQ: GREE) began trading as a standalone company on September 15, and promptly lost 58% of its value, as implied by the September 14 closing price of its merger partner Support.com. Support.com shares closed at US$11.80 on that day, and since according to the merger agreement, each […]
Global Debt Expected to Surpass $300 TRILLION and GDP Growth Slows
Thanks to the all-encompassing “Helicopter Money” that is Modern Monetary Theory, global debt has soared to yet another record-high in the second quarter, as governments and consumers piled on the deficits. According to data published by the Institute of International Finance (IIF), global debt— which accounts for government, bank, corporate, and household debt— hit an […]
Evergrande On the Brink of Collapse; So Far, Investors are Paying Little Mind to Potential Implications
China Evergrande Group, the world’s most debt-laden property developer (astonishingly, more than US$300 billion in liabilities), may collapse in a matter of days or weeks, which could in turn represent the biggest challenge faced by the world’s second biggest economy in years, but no investor outside China seems to care. To put this US$300 billion […]
Cybin: Eight Capital Initiates With $8.15 Price Target
Earlier this week, Eight Capital launched coverage on a basket of psychedelic companies. This comes after they produced an industry primer during the summer months. The second company on this list is Cybin Inc (NEO: CYBN), which they have given an C$8.15 12-month price target and buy rating. Cybin currently has 6 analysts covering the […]
Canadian Home Prices Continue Accelerating in August Amid Tight Supply
Home prices across Canada continued to increase in August, as demand continued to exceed the tight supply of inventory. According to data published by the Canadian Real Estate Association (CREA), home sales fell 0.5% month-over-month in August, as real estate transactions slumped 14% compared to the same record-breaking period one year ago. The number of […]
Tether Denies Holding Commercial Paper Issued by Troubled Real Estate Developer Evergrande
Stablecoin issuer Tether has said it does not hold commercial paper issued by Chinese real estate company Energrande, which faces imminent default to the magnitude of the Lehman Brothers collapse. According to a Tether spokesperson, the cryptocurrency company does not own any Evergrande commercial paper, debt, or securities, and denies ever holding any of the […]
CN Reveals Plan To Target Additional $700 Million Operating Income
CN (TSX: CNR) seems to be moving on days after the Kansas City Southern (NYSE: KSU) merger fell through. The railway company disclosed yesterday the details of its strategic and financial value creation plan, which includes targeting $700 million worth of operating income improvements. The company also acknowledged the terminated transaction with KCS although it […]
Millennial Lithium Bidding War Reads Well For Peers
On September 8, Millennial Lithium Corp. (TSXV: ML) announced that it received an unsolicited takeover bid from a foreign-based lithium battery production company. The bid is reportedly $0.25 per share superior to the $3.85 all-cash takeover bid it received and accepted in July from China-based Ganfeng Lithium Co., one of the largest lithium producers in […]
SpaceX Launches First All-Civilian Mission into Orbital Space
SpaceX launched its Inspiration4 mission from Florida’s Kennedy Space Center on Wednesday, marking the first time that civilians have made a journey into orbital space. The private mission, which consists of three “ordinary citizens” and a billionaire, took off from the Kennedy Space Center in a Dragon spacecraft affixed atop a Falcon 9 rocket provided […]