BMO: IAMGOLD Has A Funding Gap
Last week, IAMGOLD Corporation (TSX: IMG) reported its second-quarter results. The company said it produced 170,000 gold attributed ounces, down 4,000 ounces or 2% from the last quarter. The firm said it realized an average gold price of $1,799, slightly down from the $1,813 during the previous quarter, while the company’s cost of sales per […]
Margaret Lake Diamonds: The Minority Owner Of The Diagras Diamond Project
Margaret Lake Diamonds Inc. (TSXV: DIA) is a Vancouver-based junior mineral exploration company that holds an 18.5% interest in the 48,346 hectare Diagras Diamond Project, a joint venture with Arctic Star Exploration Corp. (TSXV: ADD). The Diagras property is located in the northeastern part of the prolific Lac de Gras kimberlite field, approximately 300 kilometres […]
Lucid Group: Near-Term Equity Offering Seems Likely
On August 3, Lucid Group, Inc. (NASDAQ: LCID) reported 2Q 2022 results that must be considered extremely disappointing in almost all dimensions. The company dramatically cut its already reduced 2022 production guidance and burned through US$823 million of cash in the quarter, an enormous problem which promises to worsen further and seems likely to force the company to […]
China Sanctions Pelosi Over Taiwan Visit, Ends Cooperation, Military Ties with the US
It turns out that Nancy Pelosi’s controversial visit to Taiwan did not disappoint in terms of angering China, which on Friday announced a series of undisclosed sanctions against the house speaker herself, as well as an end to cooperation with the US on a number of key issues. China has begun its infuriated retaliation campaign […]
The Arbitrage Opportunity of the Century: Natural Gas Shipments From the US to the EU
You know what they say, never let a good conflict go to waste! With Russia actively at war with Ukraine and Europe’s energy future in peril, the US has found itself in a lucrative position to ship some of its natural gas supplies overseas— but just how good of a deal is it? Europe, which […]
Green Thumb: Despite Earnings Beat, Analysts Lower Targets On Sector Headwinds
On August 3, Green Thumb Industries (CSE: GTII) reported its second quarter financial results. The company announced that revenue grew 5% sequentially and 15% yearly to $254.3 million. The company reported gross profits of $125.8 million or 49.5%, while profits were up notionally from $122.9 million, and margin was down from 55.4% last year. Selling, […]
How Can We Prevent Another Guo’s GTV Investment Scheme?
Almost a year ago, the Securities and Exchange Commission (SEC) issued a cease-and-desist on Steve Bannon and Guo Wengui’s GTV Media Group, along with parent firm Saraca Media Group and Guo’s Voice of Guo Media. The collective has been identified as offering unregistered securities and was able to raise US$487 million from more than 5,000 […]
Democrats Unveil Tax on Stock Buybacks
The Democrats are preparing to bring back a law that would slap a tax on stock buybacks, closing the popular loophole used by large companies to raise stock prices. The Senate Democrats on Thursday unexpectedly added back a provision into their healthcare and climate package that will tax the value of corporate stock buybacks at […]
‘Big Short’ Investor Michael Burry Cautions About ‘Silliness’ In The Markets
It’s not yet time to breathe a sigh of relief. “Silliness is back,” according to Michael Burry. The investor and hedge fund manager took to Twitter on Thursday to caution people about “silliness” in the markets as stocks rally and rebound from 2022 lows. The investor compares today’s COVID-era markets to 2001 before the September […]
Sanctions On Russia Are Working: Yale Paper
It seems like eons ago but the ongoing war in Eastern Europe sparked by Russia’s decision to launch an invasion of Ukraine just started early this year. The geopolitical instability it caused had a tremendous economic impact both on the belligerents and its superpower trade partners. The war has been punctuated with numerous sanctions (on […]