Private EV Developer Bollinger Motors Exits Pickup Truck and SUV Business Despite 30,000 Pre-Orders
On January 14, 2022, the private start-up electric vehicle (EV) manufacturer Bollinger Motors announced it will stop development of, and cancel customer orders for, its all-electric US$125,000 B1 SUV and B2 pickup truck models. The Michigan-based company plans now to focus on developing all-electric commercial trucks. Some may dismiss Bollinger’s announcement as simply another young company […]
Lundin Gold Sees BMO Reiterate $14 Price Target After Production Beat
On January 10th, Lundin Gold Inc. (TSX: LUG) announced its 2021 full-year production results. The company announced that it produced 428,514 ounces of gold, beating their own high range of guidance, which was 420,000 ounces. The breakdown was 289,499 ounces of concentrate and 139,015 ounces of Doré. The company processed 1,415,634 tonnes this year with […]
Kyle Bass: Fed Will Reverse Rate Hike Plans Once Markets Start Crashing
In his first CNBC interview since the beginning of the new year, Hayman Capital founder Kyle Bass gave his take on the Fed’s growing debacle with interest rates, rising oil prices and green energy, and of course China’s real estate crisis. According to Bass— who cited Goldman’s forecast calling for four rate hikes in 2022— […]
Organigram: Haywood Raises Estimates Betting On Increased Market Share
On January 11th, Organigram Holdings (TSX: OGI) issued its second fiscal quarter earnings for 2022. The company reported net revenues of $30.38 million or a 22.2% increase quarter over quarter. The company also reported a cost of sales of $27.92 million, meaning the company gross margin before fair value changes was $2.45 million. The company […]
Robinhood: Adverse Ruling by FINRA Arbitrator Could Have Significant Negative Implications
A well-known axiom in the investing world is that the best time to buy is when the news becomes uniformly bad. In other words, “buy when there is blood in the streets.” Robinhood Markets, Inc. (NASDAQ: HOOD) is facing mounting financial and business risks, so it would seem to be a candidate for such a “buy low” approach; […]
US Dept of Energy Looks to Produce More Uranium for Cutting-Edge Nuclear Reactors
The US government is looking to advance the country’s nuclear power capabilities, and with that produce more more high-assay low-enriched uranium fuel in an effort to align with a less carbon-intensive future. As reported by CNBC, the Department of Energy on Tuesday formally requested additional information regarding intentions to produce large quantities of high-assay low-enriched […]
IAMGOLD: BMO Lowers Price Target After Disappointing Guidance
On January 12th, IAMGOLD Corp (TSX: IMG) announced its preliminary 2021 operational results and 2022 guidance. IAMGOLD reported production of 601,000 ounces, reaching the high end of their 565,000 to 605,000 ounce guidance. The company produced 153,000 ounces in the fourth quarter. For the 2022 guidance, IAMGOLD says that they will produce between 570,000 to […]
IEA: Canada May Lose its Power Status in Oil Markets as Economies Transition to Green Energy
Canada may soon lose its status as one of the world’s major oil-producing nations if the global economy continues to further emission reduction policies. According to the IEA’s Canada 2022 Energy Policy Review published on Thursday, the country may soon run into challenges when it comes to maintaining its foothold as a power status in […]
EV Charger Maker Tritium Closes SPAC Merger Deal, Makes Nasdaq Debut
Electric vehicle charger manufacturer Tritium (Nasdaq: DCFC) is set to make its Nasdaq debut following a reverse merger with special purpose acquisition company Decarbonization Plus Acquisition Corporation II (DCRN). The deal, announced back in May 2021, was expected to put the combined company’s valuation at $1.2 billion. “Our transaction with DCRN is transformative for the […]
X-Machina: A Promising Private AI Company Set To Soon Go Public – The Daily Dive
It’s a treat for AI enthusiasts today on the Daily Dive as we welcome on the show for the first time Claude Theoret, founder and CEO of AI-focused holdings firm Xmachina. Claude joins us to discuss AI and deep learning (0:52), as well as the status and prospects of the industry (3:47). He also shares […]