RooGold Sees Latest Samples Assay 23.1 g/t Gold
More assay results are in for RooGold Inc (CSE: ROO) and their ongoing sampling program being conducted across their Australian properties. The latest results come from the firms wholly owned Gold Star project, found along the New England Orogenic Terrain in New South Wales. The latest assays come via rock chip samples, which were taken […]
Trevali Mining Expected To Be Delisted From Toronto Stock Exchange On Thursday
Trevali Mining (TSX: TV) has finally conceded that it will likely be delisted from the Toronto Stock Exchange following a string of unfortunate events for the firm. The development was included at the bottom of a late evening news release filed by the firm yesterday. Trading in the firms shares have been suspended since August […]
Elon Musk Again Tries To Back Out Of Twitter Takeover With Second Termination Letter
Another cancellation notice has been received by Twitter (NYSE: TWTR) from Elon Musk and his firm, X Holdings I. The notice, issued yesterday, follows a notice issued on July 8 whereby Musk attempted to highlight “material breach of multiple provisions” of the previously entered merger arrangement. This latest letter is said to have been filed […]
Eguana Tech Reports Q3 Revenues Of $2.3 Million, Highlights $27 Million Order Backlog
Eguana Technologies (TSXV: EGT) last night reported its third quarter financial results. The firm saw its revenues climb to $2.32 million, an improvement over both the prior quarter as well as the year ago period. Revenue was said to increase for the third quarter as a result of the the recent introduction of microinverters to […]
Beer Shortages in Europe? Surging Energy Costs are Shutting Down Fertilizer Plants… And Consequently Brewers
The European Union may not need to embark on burdensome efforts to cut down the use of fertilizer in the name of reducing emissions— it appears the region’s energy crisis will do all the work. The soaring cost of natural gas is forcing fertilizer plants across Europe to shutter output, sending ripple effects through numerous […]
Ifo Dip Shows Germany Is On Track For A Recession; Energy Prices Edge Closer To €700 per MWh
Germany’s in for a bitter winter. For Europe’s largest economy, it seems that the question isn’t about whether or not it’s headed for a recession, but rather about how long and deep this recession will be. The ifo Index has fallen for a third consecutive month, hitting 88.5 in August, coming from 88.7 in July. […]
In Poland, People Are Lining Up For Days To Stock Up On Coal For The Winter
Dozens of cars and trucks are lining up at the Lubelski Wegiel Bogdanka coal mine in Poland, many of them waiting for days and nights, to stock up on heating fuel ahead of winter. 3.8 million households in Poland use coal for heating. These households, like many of Europe’s, are facing shortages and price hikes, […]
Hedge Funds Have Materially Slowed Their Short Covering; Could Make a Further Rally in the Main Indices More Difficult
The S&P 500 Index and the NASDAQ Composite have rallied more than 11% and 14%, respectively, since June 16, 2022. Hedge funds’ first dramatically reducing short selling activity, and then covering shorts has played a significant role in this rousing recovery. The below graph shows that hedge fund shorting activity plunged to approximate four-year lows this summer […]
Jerome Powell at Jackson Hole: Fed Will Continue Raising Rates Regardless of Economic Pain
After finally coming to the realization that it will take a lot more than just hopes and dreams to cool inflation, a freshly re-energized Jerome Powell entered the annual Jackson Hole summit with a stern message: the Fed will not let off on its hawkish monetary policy regardless of the economic pain caused by rising […]
Hive Blockchain: Canaccord Remains Positive On Outlook
On August 26th, Canaccord Genuity Capital Markets’ raised their 12-month price target on Hive Blockchain (TSXV: HIVE) to US$7.00 from US$5.50 while reiterating their buy rating on the stock. They believe that HIVE continues to execute its plan and believe that the current setup is attractive for many reasons. Canaccord comments that on a macro […]