Grayscale Won’t Disclose Proof Of Reserves
Parent firm Digital Currency Group at insolvency risk; reportedly owes Genesis $1.1 billion. Grayscale Bitcoin Trust (OTCQX: GBTC) categorically said in a statement that it won’t publish information on its proof of reserves for the world’s largest bitcoin fund. “Due to security concerns, we do not make such on-chain wallet information and confirmation data publicly […]
There’s A New Bob In Town: Disney Rallies As Bob Iger Takes Back CEO Role From Bob Chapek
The Walt Disney Company (NYSE: DIS) announced late Sunday that it had reappointed Bob Iger as CEO effective immediately, after Iger’s hand-picked successor, Bob Chapek, came under fire for his handling of the entertainment giant. “It is with an incredible sense of gratitude and humility — and, I must admit, a bit of amazement — that […]
Trillion Energy Reports Akcakoca-3 Well Flow Tests At 7.0 MMcf/d
Trillion Energy (CSE: TCF) is humming right along with its multi-well development program. The firm this morning revealed that the second well under the program, Akcakoca-3, has now commenced production following the completion of a flow test. The well, much like the Akcakoca-2 well, has encountered over 30 metres of natural gas pay across three […]
Helium Evolution Sees Drilling On First Well With Farmout Partner North American Helium Completed
Helium Evolution (TSXV: HEVI) has struck out on its first well drilled in Saskatchewan with North American Helium. The well represents the first of several to be drilled under a farmout arrangement entered into between the two firms in mid-2022. The first well, drilled near to Mankota, Saskatchewan, reportedly reached total depth this weekend however […]
Smith Financial To Acquire Home Capital Group For $44 Per Share
Home Capital Group (TSX: HCG) is going private. The firm this morning revealed that it has entered into a definitive agreement to be acquired by Smith Financial Corporation, which is controlled by Stephen Smith. The deal will see the private lending company acquired at a valuation of $1.7 billion, with Smith Financial set to pay […]
Slave Lake Zinc: Unlocking The Potential Of The O’Connor Lake Project
Slave Lake Zinc Corp. (CSE: SLZ) was formed to seek metals that are deemed essential raw materials for today’s era of electric vehicles (EVs), renewable energy and other industries that are emerging to help fight climate change. The company is focusing on developing its O’Connor Lake zinc-lead project, located in the South Slave region of the […]
The Economics of Hosting the World Cup Seem Terrible for Qatar
The 2022 World Cup — the most popular, heavily attended and even more heavily scrutinized sporting event in the world — began this past weekend in Qatar and runs for four weeks. Many have questioned whether the host country should have been awarded that honor because of its long history of migrant labor and human rights […]
DraftKings: Canaccord Lowers Estimates Based On Planned Future Reinvestment
DraftKings Inc. (Nasdaq: DKNG) earlier this month announced its third-quarter financial results. The company announced revenues grew 136% year over year, or 7.7% sequentially, to $502 million. The revenue growth comes primarily through their “successful launches of its Sportsbook and iGaming products in additional jurisdictions.” Though this increase in revenues didn’t exactly improve the firms […]
Crypto Contagion Explained: Who FTX is Taking Down With Them
How bad is the crypto world about to get? Well, if you haven’t been paying attention, the second-largest exchange in the world, FTX, has filed for bankruptcy. Ran by America’s golden boy of crypto, Sam Bankman-Fried was supposed to be the Jamie Dimon of the crypto world. Last week we covered the rise and fall […]
Spey Resources: Pushing For Lithium Production In Argentina
Spey Resources Corp. (CSE: SPEY) is a Canadian mineral exploration company which holds two option agreements to acquire a 100% interest in the Candela II, Pocitos I and II lithium brine projects located in the Incahuasi Salar, Salta Province, Argentina through its wholly owned subsidiary Tech One Lithium Resources Corp. These projects are located in […]