Citizens In Shanghai, Beijing Rise Up To Challenge Xi’s Covid Policies
In a country where dissent is quashed and protesters put in jail, it’s surreal to see large groups of people calling for the leader to resign. This has been the scene in China’s capital Beijing and its financial center Shanghai over the weekend until the early hours of Monday. Residents, tired of and fed up […]
Trillion Energy Sees Second Well Enter Production Under Multi-Well Program
Trillion Energy (CSE: TCF) continues to execute upon it’s multi-well drill program. The firm this morning indicated that the second well drilled under the program has now entered production. Akcakoca-3, which last week reportedly completed flow tests at a rate of 7.0 MMcf/d, has entered into production at a rate of 3.3 MMcf/d. Production from […]
CGX Energy Obtains Extension For Spudding Of Wei-1 From Goverment Of Guyana
CGX Energy (TSXV: OYL) this morning in partnership with Frontera Energy (TSX: FEC) announced that they have received an extension for spudding the Wei-1 exploration well following delays to the spudding of the well. The well is set to be drilled off the coast of Guyana. The firm this morning presented the news as having […]
Verses Tech Partners With Supply Chain Expert Blue Yonder For Resale Of Tech
Verses Technologies (NEO: VERS) has entered into a fresh partnership as of this morning. The firm has partnered with Blue Yonder, a firm specializing in digital supply chains and omni-channel commerce fulfillment. Blue Yonder reportedly works with over 3,500 retailers and warehouse distribution providers across a total of 78 different countries. Owned by Panasonic, the […]
Hut 8 Sees Bitcoin Mining Halted At North Bay Facility Due To Power Provider Disagreement
Hut 8 Mining (TSX: HUT) continues to have problems with its operations in North Bay, Ontario. The firm this morning indicated that it has requested mediation proceedings with its power provider for the facility following trouble that emerged in early November. As previously indicated, the company provided a notice of default to Validus Power Corp, […]
Power Nickel Hits 1.17% Nickel Over 25.8 Metres In Quebec
The first results are out for current drilling at Power Nickel’s (TSXV: PNPN) Nisk project in the James Bay region of Quebec. The first results are said to confirm the presence of high grade nickel-copper-cobalt-platinum group elements. The results come from the Nisk Main Zone, where mineralization has now been extended by 150 metres at […]
Risk-Seeking Investors Can Buy FTX Depositor Claims For Ten Cents On The Dollar
If one acknowledges that the free marketplace is generally the best arbiter of the value of any financial instrument, the bid-ask quotation that a distressed asset investment firm is making for the depositor claims on the failed crypto exchange FTX suggests that FTX account holders may recover very little of their investments. Specifically, the firm Cherokee […]
Rising Covid Infection Rate in China Should Worry Investors
Daily COVID infections have reached all-time highs in China, surpassing the previous mid-April 2022 peak of about 29,000 per day in that country. On November 26, about 34,398 infections were reported in Mainland China. While far below the daily peak infections rates seen in Western nations in late 2020 and early 2021, China’s oft-articulated zero-COVID policy […]
Elon Musk Unveils New Twitter Verification System That Will Include Color-Coded Checkmarks
Since taking over Twitter in October, CEO Elon Musk has faced quite the wave of grievances and headaches. Yes, some (most) were self-inflicted thanks to his off-the-handle tweets likely made on the porcelain throne, but his promise to rid the platform of bot accounts has thus far been muddled with failed solutions. After purchasing the […]
New York Becomes First State To Ban (Some) Crypto Mining
This week, New York became the first state to ban some types of cryptocurrency mining following mounting environmental concerns over the insane levels of energy required for the process. “I will ensure that New York continues to be the center of financial innovation, while also taking important steps to prioritize the protection of our environment,” […]