Pure Gold Mining To Sell 200 Million Units At $0.15 To Raise $30 Million
Pure Gold Mining (TSXV: PGM) appears to have found a path to raising the short term funds it needs to keep its operations afloat. The problem, is that it is at the major expense of shareholders. Recall Pure Gold’s press release from March 28, indicating that they needed to obtain short term financing to fund […]
UBER Earnings Illustrated – Q1, 2022 Edition
The last time this column covered Uber Technologies (NYSE: UBER) (August, 2021) we wrote about how the world’s largest transportation “platform” company was effectively a growth-phase startup, more focused on the top line than the bottom, and that a company capable of maintaining such a posture at an $80 billion market cap was a hell […]
SSR Mining Sees BMO Lift Price Target To US$29 Per Share
On Tuesday, SSR Mining (TSX: SSRM) reported its first quarter financial results for 2022. The company reported revenues of $355.45 million, a decline of 3% year over year. While gross profits also dropped 5% year over year to $143.18 million. The company did not escape inflation, seeing its selling, general and administrative costs grow 52% […]
Acreage Holdings Records US$56.9 Million In Revenue, US$13.9 Million Net Loss For Q1 2022
Acreage Holdings, Inc. (CSE: ACRG.A.U) last night released its Q1 2022 financial results, which saw the company post US$56.9 million in revenue. While this is an increase from Q1 2021’s revenue of US$38.4 million, this is a marginal decline from Q4 2021’s revenue of US$58.1 million. “The year-over-year growth was primarily driven by the acquisitions […]
Enbridge Announces Joint Venture For Low-Carbon Hydrogen, Ammonia Production
Enbridge Inc. (TSX: ENB) announced this morning a joint venture with EnCap Flatrock Midstream portfolio company Humble Midstream. The effort is intended to have a joint development and marketing of a low-carbon hydrogen and ammonia production and export facility. Targeted to be installed in the firm’s Enbridge Ingleside Energy Center (near Corpus Christi, Texas), the facility […]
Eye Care Firm Bausch + Lomb Seeks To Raise $630 Million In NYSE, TSX IPOs
Bausch Health Companies (NYSE/TSX: BHC) subsidiary, eye health company Bausch + Lomb Corporation (NYSE/TSX: BLCO) started trading its securities today. The firm announced today that it is seeking to raise a total of $630 million in its initial public offering for New York Stock Exchange and Toronto Stock Exchange boards. The proposed offering will be […]
Has There Been A Fundamental Shift In US Real Estate? – The Daily Dive
Finishing off the Daily Dive for this week is first time guest Jeffrey Christian, Managing Partner at CPM Group. Jeffrey joins us today to discuss the recent rate hike decision by the Federal Reserve, the state of the US labor market, and his outlook on real estate. Also discussed is the impact of China’s lockdown […]
Equinox Gold: BMO Lifts Target To $14.50
Earlier this week, Equinox Gold Corp. (TSX: EQX) reported its first quarter financial results for 2022. The company reported revenues of $223.16 million, down roughly 3% year over year, while gross profits dropped 35.6% to $28.5 million. As a result, the company reported negative income before taxes of $16.12 million and a net loss of […]
DraftKings Drops 5% After Consensus-Topping Q1 2022, Guidance Raise
DraftKings Inc. (Nasdaq: DKNG) released this morning its financial results for Q1 2022, highlighting quarterly revenue of US$417.2 million, beating the consensus estimates of US$404.2 million. However, this is a decrease from Q4 2021’s US$473.3 million but an increase from Q1 2021’s US$312.3 million. The company’s share price rose by approximately 8% pre-market following the […]
Elon Musk’s Twitter Takeover Faces FTC Antitrust Review
It appears that Elon Musk’s $44 billion Twitter (NYSE: TWTR) acquisition is not quite out of the woods just yet. According to Bloomberg, which cited individuals familiar with the matter, the US Federal Trade Commission opened a review into Musk’s takeover of Twitter Inc, to determine whether or not the Tesla CEO purchased the social […]