O2Gold Intersects 19.3 g/t Gold, 10.5 g/t Silver Over 0.7 Metres
O2Gold (TSXV: OTGO) was one of the first firms to release assay results this morning, evidently setting off a trend in the sector as a whole. Drill results come from the firms flagship property, where it is targeting the Aurora vein in initial drilling. Results from two holes were reported this morning, with AUR-21-002 intersecting […]
Great Bear Resources Hits 41.76 g/t Gold Over 5.15 Metres In Deep Drilling At LP Fault
Great Bear Resources (TSXV: GBR) has finally released further assays from its ongoing massive exploration program at its Dixie project in the Red Lake region of Ontario. Seven drill holes were released this morning from deep drilling of the LP Fault. The deep drilling took place along 1.4 kilometres of strike at the LP fault, […]
Emerita Releases Data On Five Holes At Infanta, Initial Geophysical Data
Emerita Resources (TSXV: EMO) started off the trading week by releasing further drill data from its Infanta deposit at the Iberia Belt West Project in Spain. A total of five assays were released this morning, in addition to an update on the firms geophysical program. Highlights from the drill program include the following: IN010: 4.5 […]
BMO Initiates Coverage On Plug Power, Gives $30 Price Target
On September 30, BMO initiated coverage on Plug Power (NASDAQ: PLUG) with a $30 price target and market perform rating, saying that the company, “is strategically expanding its success in material handling to pave the way for the H2 economy.” They believe that PLUG is one of the better ways to get exposure to wind/solar […]
Micron Tech: BMO Drops Price Target To $105
Micron Technology (NASDAQ: MU) has had 4 analysts cut their 12-month price targets recently, prior to the firm reporting financial results on September 28. Micron Technology currently has 38 analysts covering the stock with an average 12-month price target of $112.68, down from the $115.84 average just a month ago. Out of the 38 analysts, […]
Polestar Elects To Go Public Via Spac Despite Poor Industry Track Record
On September 27, Polestar Performance AB, a premium electric vehicle manufacturer headquartered in Sweden, agreed to merge with SPAC sponsor Gores Guggenheim, Inc. (NASDAQ: GGPI). The company stated that, upon closing, Polestar will have an enterprise value of US$20 billion. Polestar expects to have US$1.25 billion of cash at the time of merger close. As was […]
EU Inflation Accelerates to 3.4% in September as Energy Prices Soar to Record-Breaking Highs
Price pressures across the EU have jumped by the most in 13 years, as ongoing global supply bottlenecks and soaring energy prices kept inflation substantially elevated. According to data obtained from Eurostat, prices across the EU rose 0.5% month-over-month to an annualized 3.4% in September, marking the highest reading since the economic crisis of 2008. […]
Cannabis Companies Have Begun Moving To Self-Insure
There is a common expression in the cannabis industry that “everything is more expensive.” Even in markets where the industry is legal, suppliers can tend to ratchet up prices due to perceived reputational and legal risks or even just outright refuse to work with cannabis companies. In markets where the industry is not fully legal, […]
Denarius Silver: A New Issuer With World Class Projects In Spain & Colombia
Denarius Silver Corp (TSXV: DSLV) is a junior silver exploration company focused on the development of mining projects in high-grade districts. The company has an experienced management team that is focused on building a business around production and cash flow. The firm in early 2021 secured several world class assets. The acquisitions include the past-producing […]
Fed’s Reverse Repo Soars to Record $1.6 Trillion as Economy Bursts With Liquidity
In yet another sign that the Fed is undoubtedly contributing to flaming-hot liquidity levels, latest data from the NY Fed shows that its reverse repo facility hit an astounding and record-breaking $1.604 trillion in usage on Thursday. The overnight repo received funds from 92 counter-parties, which too, is the highest on record. Although a significant […]