Teck Resources Abandons Separation Proposal At Last Minute, Snubs Glencore
Teck Resources (TSX: TECK.B) has evidently left it until the last minute to abandon its previously announced separation agreement. The firm put out a release this morning indicating that the company has “determined not to proceed with the consideration by its shareholders.” “On behalf of Teck’s Board, I thank our shareholders for their support and […]
Big Gold Outlines Exploration Program For Recently Acquired Tabor Project
Big Gold (CSE: BG) is chomping at the bit to begin exploring its recently acquired Tabor Project, found near Thunder Bay, Ontario. Exploration of the property is slated to begin next month, and follows the recent success of exploration programs conducted at nearby properties.
Teck Resources Sees Earnings Fall In Q1 Ahead Of Shareholder Vote
Teck Resources (TSX: TECK.B) saw its revenues fall on a year over year basis in the first quarter of 2023, dropping 18% to $3.8 billion, although the quarter saw a 21% improvement over the fourth quarter results. “We had a positive start to the year with strong financial performance in the first quarter driven by […]
Well Health Hops On AI Bandwagon With New Investment Program
Well Health (TSX: WELL) is looking to once again gain relevance among small cap investors. The firm this morning revealed it is working on incorporating the latest buzzword, artificial intelligence, into phrases associated with the company. Well Health has indicated that its subsidiary Well Ventures, which reportedly “leverages technology to empower healthcare practitioners,” is now […]
Growth Names Continue To Steal Value From Investors Via Excessive Stock Compensation
Stock-based compensation paid to employees by selected growth companies that this column follows closely was generally less egregious in the second half of 2022 than in the first half of 2022, but the levels of this compensation remain ridiculously high. In simple terms, even though both the operating results and the stock performances of Coinbase Global, […]
Sodium-Ion Batteries Could Begin Taking Electric Vehicle Market Share from Lithium-Ion Batteries
The price of lithium, probably the most important component in the current batteries of electric vehicles (EVs), continues to plummet. Indeed, the price of lithium carbonate, currently around US$27,000 per tonne, is down about 70% since peaking in November 2022. The general thinking in the investment community is that Asian lithium makers overproduced in late 2022, and […]
German Magazine Used AI to Fake An Interview with Formula 1 Legend Michael Schumacher
Funke Media Group, the owner of the weekly magazine Die Aktuelle, has issued an apology to Michael Schumacher’s family after the publication of a misleading article that claimed to be an “interview” with the seven-time Formula 1 champion. The article in question was generated by artificial intelligence and featured “quotes” from Schumacher, who has not […]
Is Elon Musk Violating The Law For Forcing Twitter Blue Subscription On Select Personalities?
Days after Elon Musk’s Twitter sweep of VIP users and notable organizations, blue check marks resurfaced on the accounts of a number of high-profile personalities, many of whom quickly stated that they did not request or want the new verification badge. At first, it appeared like Twitter’s CEO and owner had done it out of […]
Don Lemon Squares Off Against CNN, Hires the Same Lawyer as Tucker Carlson
At the same time Fox News was parting ways with primetime host Tucker Carlson, CNN was bidding adieu to its own controversial host Don Lemon. Lemon was most recently a cohost of CNN This Morning. Before that and until October 2022, he was the longtime primetime anchor of Don Lemon Tonight. Lemon, who posted about […]
Justin Trudeau Calls for Return to Nuclear
Canadian Prime Minister Justin Trudeau has announced his country’s plans to revive nuclear energy production in a bid to reduce its reliance on fossil fuels. Speaking in Ottawa on Monday, Trudeau highlighted the need to decarbonize the country’s energy mix and decrease its dependency on oil and gas. He suggested that nuclear energy will play […]