Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Captivating Bermudian-Style Home in Palm Beach, Florida | Sotheby's International Realty
Sotheby's International Realty
Presented by Sotheby's International Realty - Palm Beach Brokerage
Authentic Bermudian-style house with 232' of rare south facing Intracoastal frontage and golf course views. Built for entertaining, the house won the 2017 Schuler Award from the Preservation Foundation for outstanding new architecture, as well as an AIA award for excellence in design.
The large master suite incorporates a dressing room and two spa quality bathrooms as well as a sitting room and fully equipped gym. The property features a whole house generator, garage space for five cars, full smart home technology, a water purification system, retractable glass walls, lush mature landscaping and numerous other highly detailed architectural touches that make this spectacular home truly unique.
see it here
De Beers...Blue Diamond just fetched 49.6 Million US~
LIVE from Hong Kong...Modern..De Beers...Blue Diamond & Contemporary Auctions
The Haunting Vision of Francis Bacon’s Final Pope Painting
Sotheby's
This Spring, Sotheby's is honored to offer Francis Bacon's masterpiece Study of Red Pope 1962, 2nd version 1971 as a highlight of our Contemporary Art Evening Auction. A defining masterpiece and triumphant finale to the artist's highly acclaimed Papal portraits, Study of Red Pope 1962, 2nd version 1971 illustrates a profoundly chilling encounter between Frances Bacon's great muse, the Pope, and his lover, George Dyer. First exhibited at the landmark Francis Bacon retrospective in 1971 at the Grand Palais, a career-defining exhibition for the artist and an accolade only previously afforded to Pablo Picasso among living painters, Study of Red Pope 1962, 2nd version 1971 endures as a testament to Bacon's limitless capacity to provoke the most fundamental of human emotions.
Mining music catalogs for gold
CBS Sunday Morning
Correspondent Kelefa Sanneh looks at how music catalogs are becoming extremely valuable properties. He also talks with Graham Russell and Russell Hitchcock, of the band Air Supply, whose '80s hits, including "All Out of Love," are finding new life in unexpected ways.
Auctioning pieces of American history
CBS Sunday Morning
Rare books and papers detailing the exploration of the New World and the founding of the United States, from the collection of book dealer William Reese, will be auctioned beginning next month at Christie's in New York City. The lots include Paul Revere's engraving of the 1770 Boston Massacre; and the first New England broadside of the Declaration of Independence. Correspondent Serena Altschul looks at some priceless history up for sale.
Igniting the World of Fine Art and Luxury | Sotheby's Spring Sales
This Night in Rock History
.
.
.
.
April 19th
1965 - James Brown
The film T.A.M.I. (Teen-Age Music International) Show featuring The Rolling Stones, Supremes, Four Tops, James Brown, The Beach Boys and Smokey Robinson & The Miracles opened in London, England under the title Teenage Command Performance.
The T.A.M.I. Show
Love and Trauma | Louise Bourgeois’ Iconic Spider IV
Harry Styles and Shania Twain DUET LIVE "You're Still The One" FULL - Coachella 2022 Weekend 1
Everybody I know watched some of the concert this past weekend
Received many thanks for the link.... TYs :)
for me it was much better than previous years
Better diverse variety from a wide range of different social and ethnic musical backgrounds
Had a lot of fun all weekend watching
Neat piece of early rock history. "Music executive Art Rupe, whose Specialty Records was a premier label during the formative years of rock 'n roll and helped launch the careers of Little Richard, Sam Cooke and many others, has died. He was 104."
https://www.msn.com/en-us/music/news/art-rupe-pioneering-record-executive-dead-at-104/ar-AAWig1Q?li=BBnb7Kz
Coachella 2022 LIVE
Coachella
The Coachella Valley Music and Arts Festival livestream is live all weekend. Only on YouTube. See below for the Channel 1 schedule and links to Channels 2 and 3.
One of the Most Valuable Blue Diamonds Ever to be Offered at Auction
is featured in tonights M+M news highlights reel here......
Mining & Metals Top Juniors Movers & News___Makers
.
.
.
.
Good Evening and Welcome to ~*~Mining & Metals Du Jour~*~
Videos by J:D
Sound tracks by J:D
DD & tickers not included
MARKET ACTIVITY
TSX +17.68 (0.08%) 21,855.70
TSX Venture -0.01 (.00%) 892.50
ASX 200 +44.40 (0.59%) 7,523.40
S&P 500 -54.00 (1.21%) 4,392.59
NYSE Gold Bugs +1.10 (0.33%) 330.95
VanEck Jr Miners +0.38 (0.75%) 51.03
Sprott Junior Miners +0.18 (0.39%) 45.98
COMMODITY PRICES
Gold (US$/oz) -9.80 (0.49%) 1,974.90
Silver (US$/oz) 0.00 (0.00%) 25.86
Copper (US$/lb) 0.00 (0.00%) 4.72
Platinum (US$/oz) 0.00 (0.00%) 991.10
Palladium (US$/oz) 0.00 (0.00%) 2,346.00
# DRILL RESULTS
Vizsla Silver Announces New Discovery Along The Animas Vein Corridor At Panuco
Noram Lithium Receives Results for CVZ-70: High of 1930 ppm Intersection of 443 ft.
Hot Chili: Cortadera Delivers Another Outstanding Intersection
CanAlaska Uranium Announces West McArthur JV Drilling Extends Uranium Mineralization
Tocvan Ventures Drills 116.9-meters of 1.2 g/t Au and 7 g/t Ag, including 10.2-meters
# DRILLING UPDATES
E79 Resources Visible Gold Intersected in Maiden Drill Program at Twist Creek Prospect
White Metal Resources Partner Noronex Provides Update from Drilling at the DorWit
Cross River Ventures Announces Completion of Inaugural Drill Campaign at the McVicar Gold
Grid Metals Completes 14 Drill Holes at Makwa Nickel Deposit, Manitoba Canada
Dios Exploration: Gold zones drilled on K2 NE Sesame target- Drilling planned
CopperBank Resources Confirms Historic, High-Grade Copper Intercepts and Identifies
Kesselrun Resources Provides Exploration Update; Second Drill Rig Added
# DRILLING COMMENCED
Erdene Resource Development Provides Khundii Gold District Exploration Update -...
BeMetals Commences 2022 Drill Program at the Kato Gold Project in Japan
Osisko Metals Announces the Start of Drilling at Gaspé Copper; Maiden Resource
Goldmining Commences Exploration Drilling On Its La Mina Project, Colombia
DLP Resources Announces Commencement of Drilling on the Moby Dick Project - SE BC
MARKET MOVERS
Company Change% Last Trade
Piedmont Lithium 6.10 9.10 $73.11
Seabridge Gold 1.80 7.11 $27.12
Franco-Nevada 1.34 0.64 $210.82
Royal Gold 1.31 0.91 $144.93
Uranium Energy 0.65 11.30 $6.40
Agnico Eagle Mines 0.53 0.64 $83.01
Newcrest Mining 0.47 1.79 $26.79
Electra Battery Materials 0.45 7.88 $6.16
Solaris Resources 0.41 2.88 $14.65
Ero Copper 0.35 1.76 $20.25
Aya Gold & Silver 0.32 3.46 $9.58
Lundin Mining 0.32 2.41 $13.59
Osisko Gold Royalties 0.31 1.77 $17.79
Centerra Gold 0.30 2.34 $13.14
Wheaton Precious Metals 0.29 0.45 $64.70
HIGH VOLUME
Company Volume Last Trade
KWG Resources 18,580,839 $0.08
Uranium Energy 18,468,401 $6.40
Hycroft Mining 14,512,578 $2.01
Pure Gold Mining 9,764,466 $0.15
Kinross Gold 3,074,285 $7.75
Azincourt Energy 3,056,524 $0.08
Denison Mines 3,009,563 $2.21
B2Gold 2,790,885 $6.24
Yamana Gold 2,195,488 $7.82
VanadiumCorp Resource 1,826,216 $0.03
Wheaton Precious Metals 1,744,380 $64.70
Lundin Mining 1,742,253 $13.59
OceanaGold 1,696,851 $3.30
Cameco 1,653,808 $39.63
Nexus Gold 1,581,672 $0.02
EARNINGS / PRODUCTION RESULTS
Golden Minerals Company Produces 3,608 oz Gold in First Quarter 2022
Q1 Production Sets Barrick Gold On Track to Achieve 2022 Targets
B2Gold Reports Strong Gold Production for Q1 2022 with Total Gold Production
Wesdome Gold Mines Announces 2022 First Quarter Production Results
Silvercorp Metals Reports Operational Results And The Financial Results Release Date
Mandalay Resources Announces Production and Sales Results for the First Quarter of 2022
Jaguar Mining Reports First Quarter Production Results
# PROJECT ACQUISITIONS
Stratabound Minerals Doubles Land Position in Emerging New Maritime Gold District
Golden Lake Exploration Completes Strategic Acquisition in the Heart of the Jewel
Antler Gold Announces Agreement to Acquire the Onkoshi Gold Project in Namibia
Omineca Mining and Metals Acquires 10,176 Hectares (101.76 Sq Kms)
Golden Lake Exploration Acquires The "Full Monty" Property and Other Claims
# SAMPLING RESULTS
Reyna Gold Reports 8.68 g/t Gold, 0.56% Copper and 64 g/t Silver Sample .
Stellar AfricaGold Confirms New 1,000 Meter Gold Zone at Tichka-Est Gold Project
Infinitum Copper Reports 9.15 Metres of 16.45 g/t Gold, 1.90% Copper and 3.50 g/t...
Lucky Minerals: Trench T-21 Assays 5.24 g/t Gold Across 14 Metres Including 10.75 g/t
StrikePoint Gold's Willoughby Surface Sampling Identifies Strike Extensions at NN
FEASIBILITY / PEA / MRE
Seabridge Gold Reports Updated Mineral Resource Estimates for Mitchell and East Mitchell...
Treasury Metals Announces Updated Mineral Resource Estimate at Goliath Gold Complex
Osino Resources Reports Significantly Upsized Mineral Resource at Twin Hills Gold Project,...
Atalaya Mining Announces New Resource Estimates: San Dionisio & San Antonio
Sigma Lithium Updates Feasibility Study With Phase 1 After-Tax NPV of US$1.6 B
Search Minerals Announces Increased DEEP FOX and FOXTROT Mineral Resource Estimates
Karora Resources Announces Updated Consolidated Gold Mineral Resource Highlighted by Maiden
MERGERS / ACQUISITIONS
Amarillo Gold and Lavras Gold Complete Arrangement and Launch
Skeena Resources Announces Acquisition of QuestEx Gold & Copper Ltd. and Concurrent Sale...
Capstone Mining and Mantos Copper Complete Combination to Create Capstone Copper
Turquoise Hill Resources Acknowledges Privatization Proposal Received from Rio Tinto
MAG Silver to Acquire Gatling Exploration in an all-share transaction
$ FINANCINGS
EMX Royalty Completes US$10 Million Financing with Franco-Nevada
Canada Silver Cobalt Completes $6.0 million Private Placement
Purepoint Uranium Group Closes Its Fully Subscribed Private Placement
Omai Gold Mines Announces Private Placement and Closes First Tranche for $2 Millon
i-80 Gold Announces Closing of Gold Prepay and Silver Purchase Portions of US$135 Million...
NEW / DUAL LISTINGS
Azimut Exploration Begins Trading on OTCQX Best Marketplace
Beyond Minerals Completes Initial Public Offering and Lists on the Canadian Securities...
Lode Metals Commences Trading - Provides Update on High Grade Cracker Creek Gold Project
G Mining Ventures Begins Trading on OTCQB Market Under Ticker GMINF
Lahontan Gold Announces Trading to Commence on TSX Venture Exchange
BOARD / MANAGEMENT CHANGES
New Found Gold Appoints Collin Kettell as Chief Executive Officer & Vijay Mehta
Nevada King Gold Bolsters Technical Team with Appointment of Three Key Ex-Newmont Geologists:...
Troilus Gold Announces Promotion Of Blake Hylands To President
Exploits Discovery Strengthens Team with Addition of Vice President of Exploration
Gold Resource Announces Organization Changes to Further Derisk the Back Forty Project
DRILL PERMITS / TARGETS
Power Metals Receives Drilling Permit For Case Lake Property
Inflection Resources Outlines Next Series of Alkalic Copper-Gold Porphyry Projects .
TDG Gold Identifies 2022 Drill Targets at Its Oxide Peak Earn-in Project, Toodoggone, BC
A.I.S. Resources Provides Update on Bright Gold Project Core Assaying, Soil Sampling, LiDAR...
Hawkmoon Resources Has Received All Required Drilling and Trenching Permits for Wilson
$ STRATEGIC INVESTORS
Novo Resources Agrees to Sell Stake in New Found Gold for C$125.9 Million
Blue Lagoon Resources Completes Additional $1.51 Million Private Placement Lead
Tudor Gold Announces Closing of $12.9 Million Brokered Private Placement Offering,
Luminex Resources Announces C$8 Million Private Placement; Ross Beaty to Invest C$1.6...
Dolly Varden Silver Announces Closing of Private Placement for Gross Proceeds of $13...
..............................
Thanks for being with us tonight
Great to see you :)
..............................
Billions of dollars at stake as huge gold mine moves ahead with South Carolina expansion
Submitted by admin on Fri, 2022-04-15 11:35 Section: Daily Dispatches
By Sammy Fretwell
The State, Columbia, South Carolina
Thursday, April 14, 2022
Buried deep in the Lancaster County dirt are billions of dollars in gold that a mining company has been furiously digging for during the past six years.
OceanaGold's effort has drawn praise locally for the hundreds of jobs it created, but the company also has sparked criticism over its failure to follow environmental laws, as well as the massive impact the mine has had on the landscape.
Now, however, the company has struck a deal with environmentalists that could make it easier for OceanaGold to expand from about 4,500 acres to nearly 5,400 acres.
Buried deep in the Lancaster County dirt are billions of dollars in gold that a mining company has been furiously digging for during the past six years.
OceanaGold’s effort has drawn praise locally for the hundreds of jobs it created, but the company also has sparked criticism over its failure to follow environmental laws, as well as the massive impact the mine has had on the landscape. Now, however, the company has struck a deal with environmentalists that could make it easier for OceanaGold to expand from about 4,500 acres to nearly 5,400 acres. ...
... For the remainder of the report:
https://www.thestate.com/news/local/environment/article260401482.html
.
.
.
.
One of the Most Valuable Blue Diamonds Ever to be Offered at Auction
Thank you to all M+M contributors past and present
Hope everybody is having a Great Easter Weekend
Today's Treats
Thought of the Day
Today’s thought…
April 15, 2022:
"We seem to be on firm ground in repeating the old aphorisms that in speculation when to buy and sell is more important than what to buy, and also that almost by mathematical law more speculators must lose than can profit."
----Benjamin Graham and David Dodd, Security Analysis (New York: McGraw-Hill, 1934), p. 3
This Day in Financial History
Learn what happened in business in today’s past
April 15:
1998: The New York Stock Exchange implements its "circuit-breaker" rules, mandating trading halts when the market drops at least 10%.
www.nyse.com
1955: A middle-aged milkshake-mixer salesman named Ray Kroc opens the first McDonald's franchise in Des Plaines, Ill. It racks up $366.12 in sales of 15-cent hamburgers and 10-cent french fries on the first day.
http://www.mcdonalds.com/corp/about/mcd_history_pg1.htmlhttp://www.wiley.com/products/subject/business/forbes/kroc.htmlhttp://www.mcdonalds.com/corporate/info/museum/index.html
1954: Under a new provision of the U.S. Internal Revenue Code, April 15th becomes the due date for individual tax returns.
http://www.ustreas.gov/education/history/events/04-apr.shtml#15
1926: Charles A. Lindbergh makes one of the earliest commercial air flights, zipping between Chicago and St. Louis in a deHaviland DH-4 biplane to deliver a sack of mail for Robertson Aircraft Corp., under contract from the U.S. Post Office. Robertson later grows into American Airlines.
http://www.aa.com/content/amrcorp/corporateInformation/facts/history.jhtmlhttp://www.thegreyeagles.org/Story%204.htm
1912: Early in the morning, after striking an iceberg around midnight, the Titanic sinks to the bottom of the North Atlantic. Making a cold calculation about the uninsured value of the vessel, and counting the 1,500 fatalities at zero, the stock market crunches $2.6 million off the total capitalization of International Mercantile Marine Co., the owner of the doomed oceanliner.
Arun Khanna, "The Titanic: the Untold Economic Story," Financial Analysts Journal, September/October 1998, pp. 16-17; http://lcweb.loc.gov/exhibits/treasures/uc53.1.jpghttp://www.mdarchives.state.md.us/msa/stagser/s1259/121/7589/html/0000.html
This Night in Rock History
April 15th
1957 - Jerry Lee Lewis
Jerry Lee Lewis released 'Whole Lotta Shakin' Goin' On' on Sun Records. Written by Dave "Curlee" Williams the song was first recorded by American R&B singer Big Maybelle. The record reached No. 3 on the Billboard pop chart, No. 1 on the country charts, and No. 8 in the UK.
Jerry Lee Lewis - Whole Lotta Shakin' Goin' On (Steve Allen Show - 1957)
Have a Wonderful weekend all and thanks
J:D
tags, Junior mining network,Gata dispatches,Jason Zweig,This Day in Music
.
.
.
.
.
.
. . . . .
Jean-Michel Basquiat's Water-Worshipper: Powerful Juxtaposition of Cultural Sampling
Unboxing $3,000,000 in Gemstones | Paraiba Tourmaline & More
Chinese General Art Scam And Other Auction Fraud April 8, 2022, Opinion
2017 Ford F250 Super Duty Pickup from Texas Metal | Mecum Auctions Houston | MotorTrend 4/2/2022
Russia Sanctions Backfire. LBMA Banks Take Cover!
Ep 68: Live From The Vault - Russia Sanctions Backfire. LBMA Banks Take Cover!
Sat Boom Apr 9 LIVE Fine Art Auction
Art Legacy Auctions
badge TOP RATED
Introducing our Modern and Contemporary Fine Art Live Auction. Our auction includes a large selection of originals, serigraphs, lithographs, prints, paintings, sculpture, vintage and antique posters, and much more from the world's leading modern and contemporary artists such as Salvador Dali, Pablo Picasso, Alexander Calder, Mr. Brainwash, Peter Max, Marc Chagall, Ferjo, Patricia Govezensky, Alexander Astahov, Wyland, Tom Everhart, Charles Fazzino, and more. Good luck bidding
https://www.liveauctioneers.com/catalog/242389_sat-boom-apr-9-live-fine-art-auction/
A 1795 Silver Dollar Is Expected to Sell for a Record $1.25 Million
By Fang Block
April 4, 2022
A 1795 silver dollar is expected to set an all-time record for the category when it goes up for sale on Tuesday with an estimated value of US$1.25 million.
The rare coin will be offered at a live auction at the Whitman Coin and Collectibles Expo in Baltimore, marking its first appearance on the market since 1996, according to Stack’s Bowers Galleries, which is handling the sale.
The Draped Bust silver dollar, featuring a bust of Liberty, was minted from 1795 to 1803, and was reproduced, dated 1804 into the 1850s. The design succeeded the Flowing Hair dollar, the first silver dollar struck by the United States Mint.
The silver dollar offered for sale is one of only three specimens with a centered bust, according to Stack’s Bowers Galleries, a leading numismatics auction house.
“It is one of the most spectacular survivors of this issue and was potentially one of the very first coins struck from the dies,” says Brian Kendrella, president and CEO of Stack’s Bowers Galleries. “It is an historic relic from America’s formative years and is likely unique,” possibly produced for presentation purposes.
The current price record for a 1795 Draped Bust dollar is US$1.06 million, set at a Stack’s Bowers Galleries auction in May 2016.
The present example was held in the collection of the late Paul Zito, a medical doctor in New York who died in 2005, and his wife, Rosalie. More than 92 coins from their collection, assembled over eight years from 1995 to 2003, will be sold at Stack’s Bowers Galleries, with a total estimate of US$3 million.
The collection has been stored safely by the family since 2005, the auction house said.
The entire Zito Collection is also available for viewing and bidding on the firm’s website, with live bidding to take place on Tuesday evening at the Baltimore Convention Center.
https://www.barrons.com/articles/a-1795-silver-dollar-expected-to-sell-for-a-record-1-25-million-01649107732
Record broken: Hubble spots farthest star ever seen
Date:
March 30, 2022
Source:
NASA/Goddard Space Flight Center
Summary:
NASA's Hubble Space Telescope has established an extraordinary new benchmark: detecting the light of a star that existed within the first billion years after the universe's birth in the big bang -- the farthest individual star ever seen to date.
https://www.sciencedaily.com/releases/2022/03/220330124628.htm
Best Space Stocks To Buy According To Hedge Funds
Maxar Technologies Inc. NYSE : $MAXR
AST SpaceMobile, Inc. NASDAQ: $ASTS
Virgin Galactic Holdings, Inc. NYSE :$SPCE
Astronics Corporation NASDAQ: $ATRO
Aerojet Rocketdyne Holdings, Inc. NYSE: $AJRD
HEICO Corporation NYSE : $HEI
~*~Metals~*~-Behind Closed Doors. . . . . . .
Metals world agonizes over war but keeps buying from Russia
Bloomberg News | April 4, 2022 | 2:44 pm Intelligence Asia Europe Russia and Central Asia Gold Oil & Gas Palladium Platinum
Russia's Gokhran has bought only gold this year
Last month, 13 copper-industry representatives at the London Metal Exchange were asked whether Russian metal should be blocked from its warehouses. Ten of them said “yes.” But when advisory groups for nickel and aluminum discussed the same question, the general consensus was “no.”
The LME, which is the ultimate decision-maker, says it won’t take action that goes beyond government sanctions — which, so far, have left most of the metals industry untouched.
But the behind-closed-doors discussions reflect a wider angst over whether to keep buying from Russia, as the industry weighs the stigma from the war against its own commercial interests — and the fact that vital metals like aluminum and copper were in short supply even before the invasion of Ukraine.
For now, Russian metal is largely still flowing to the world’s factories and building sites. Many traders and fabricators who buy from Russian companies are tied in to pre-existing purchase deals that can extend over years. And commodities merchants have a well-earned reputation as buyers and financiers of last resort when others have long backed away.
Still, a growing number in the industry say they won’t take on new Russian business, and some are actively working to disentangle themselves. That’s making it ever-harder for Russia’s metals producers to sell whatever output is not already contracted, and may ultimately force them to cut production if there’s no change by the time long-term deals come to an end.
For the LME, the risk is that material mined in Russia starts piling up in its warehouses because it has nowhere else to go, creating dangerous dislocations at the nexus of the global metals trade.
continues here
https://www.mining.com/web/metals-world-agonizes-over-war-but-keeps-buying-from-russia/
CHARLIE RICH Behind Closed Doors
Why 2022 Is a Make-or-Break Year for Cannabis Stocks
By Billy Duberstein - Apr 1, 2022 at 10:10AM
Key Points
The House will vote on the MORE Act for cannabis legalization today.
Even if it passes, it faces an uncertain vote in the Senate.
With high inflation and softening demand, U.S. cannabis stocks could have another lost year, and possibly longer, if Republicans do well in the midterm elections.
The House will vote on the MORE Act today. Without Congress' help, cannabis stocks will remain difficult investments in 2022 and beyond.
The U.S, House of Representatives is voting today on the Marijuana Opportunity Reinvestment and Expungement (MORE) Act, which will kick off a pivotal year for U.S. cannabis companies. Yet no matter what happens with today's vote, the fate of cannabis legalization -- and therefore cannabis stocks -- will likely fall to the Senate, where the path to passage is highly uncertain at best.
If you don't understand how pivotal these votes are to U.S. cannabis stocks, recent earnings results confirm they really, really need regulatory relief. Without it, cannabis stocks will be hard to own in 2022 versus other sectors.
good article continues here
https://www.fool.com/investing/2022/04/01/why-2022-is-a-make-or-break-year-for-cannabis-stoc/
sound track by J:D
Avant-garde masterpieces of the 20th and 21st Centuries
Having some fun Dancing the 'memester' today
Maybe tomorrow too $HYMC
Hycroft Mining stock’s ‘memester’-induced rocket ride is making AMC a lot of money
Last Updated: March 29, 2022 at 3:13 p.m. ET
First Published: March 29, 2022 at 1:09 p.m. ET
By Tomi Kilgore
1
Value of AMC’s equity stake in the gold and silver miner of less than $30 million has increased by nearly $70 million in 2 days
Hycroft Mining Holding Corp.
Referenced Symbols
HYMC
+11.64%
AMC
+0.38%
GME
-5.11%
SPX
+1.23%
This feature is powered by text-to-speech technology. Want to see it on more articles?
Give your feedback below or email
audiofeedback@marketwatch.com
.
Shares of Hycroft Mining Holding Corp. rallied in very active trading Tuesday, as the gold and silver miner enjoyed its new meme-like status, with help from new investor AMC Entertainment Holdings Inc.
The stock HYMC, +11.64% shot up as much as 33.6% intraday before paring gains to be up 18.5% in afternoon trading, which puts it on track for an eight-month closing high. Trading volume swelled to 348.7 million shares, compared with the full-day average over the past 30 days of 71.7 million shares, and enough to make the stock the most actively traded on major U.S. exchanges.
That follows an 81.3% blast off on Monday on record volume of 385.3 million shares, after AMC Chief Executive Adam Aron appeared on CNBC to explain the decision to invest in the company.
The movie theater operator AMC, +0.38% and metals investor Eric Sprott had announced before the March 15 open that they were each making a $27.9 million investment in Hycroft, in a move that stunned many on Wall Street given that the Hycroft operated in a business that was well outside AMC’s core competency. Read more about AMC’s investment in Hycroft.
Aron explained that one of things AMC wanted to do with the $1.8 billion war chest it accumulated by cashing in on the meme-stock frenzy that had boosted its stock price was to find “transformational” acquisition opportunities. In Hycroft, Aron said, AMC found a company with great assets in the ground (gold and silver) that was suffering from a cash squeeze, just like AMC was before it was saved by its shareholders.
“We knew we were going to take some flak when we did it,” Aron said on CNBC’s “Squawk on the Street” segment. “There was one thing we were certain of — we were going to make a lot of money.”
That they did, as the value of the 46.82 million shares of Hycroft that AMC owned has increased by $69.3 million in two days. That’s more well more than double AMC’s initial investment of $27.9 million.
CNBC’s David Faber then asked Aron, if AMC’s new core competency was “to use the memesters that you have to help turn around the fortunes of a company because they’re willing to put money behind it,” and Aron answered:
“I think I have to say the answer to your question is, ‘yes.'”
Hycroft Mining followed by tweeting late Monday, that it certainly liked the attention it was getting, and Aron’s comments.
Tools for Investing Success
Understand how today’s business practices, market dynamics, tax policies and more impact you with real-time news and analysis from
Prior to AMC’s investment, Hycroft was a so-called “penny stock,” as it had closed below the $1 mark every day since Nov. 15, 2021. It had closed at its record low of 29 cents as recently as March 3. The company has been warning since March 2019 that its auditors have expressed “substantial doubt” about its ability to continue as a going concern.
What may have helped make the penny stock of such a troubled company, on top of AMC’s investment, was that short interest, or bearish bets in the stock had spiked up 3,214% during the first half of March, to a record 11.02 million shares as of March 15 from 332,661 shares at the end of February. Read more about the mechanics of short selling.
FactSet, MarketWatch
That boosted short interest as a percent of the public float of shares to 23.5%, which compared with fellow meme stocks AMC of 20.3% and GameStop Corp. GME, -5.11% of 19.6%.
Hycroft’s stock has climbed 786.8% month to date, while fellow meme-stocks AMC has rallied 61.0% and GameStop has run up 52.1%. Meanwhile, the S&P 500 index SPX, +1.23% has gained 5.8% so far in March.
https://www.marketwatch.com/story/hycroft-mining-stocks-memester-induced-rocket-ride-is-making-amc-a-lot-of-money-11648573774?siteid=yhoof2
HYMC It's only a movie......
Buy GOLD & SILVER In 2022 : Gold To Silver Ratio! | David Morgan Gold & Silver Price Prediction
The 1923-S Buffalo Nickel MS-66* NGC
Estimate $56,272 - $84,408
Sold for $40,000
https://www.liveauctioneers.com/item/125460634_1923-s-buffalo-nickel-ms-66-ngc
Cool Gem segment on CBS Sunday Morning
Gems: Beauty set in stone
Mar 27, 2022
CBS Sunday Morning
They took millions, even billions of years to form, but gemstones can capture our awe in a flash. Correspondent Faith Salie visits the recently-reopened Mignone Halls of Gems and Minerals at the American Museum of Natural History in New York, where visitors can eye these beautiful superstars of geologic history.
Jamal Joseph Remembers the Poetry of Tupac Shakur
Tailwinds will eventually come for cannabis stocks, says Canaccord Genuity's Bottomley
Mar 25, 2022
Sladmore | Life in Bronze
.
.
.
.
US$3 million wine collection from Hong Kong tycoon Joseph Lau to be auctioned
packs a hell of a financial hangover should you breakdown and drink a bottle on a Friday nite
How bout tonight....
Finally a Coffee/Tea set for Silver investors
Zaha Hadid | Making Tea a Work of Architecture
An Incredible Collection of Great Masters of Modern and Impressionist Art
USD Skyfall Tribute
MUX on my hit list again this morning
Perhaps you didn't notice but the miners were unlocked yesterday due to the feds rate hike.
The USD the biggest drag on the miners did not like the hike.
The miners might finally start to see a much anticipated rise as the
dollar starts it's "Skyfall"
Also today is quad witching index option expiration
so who knows whats on the plate...
Keep up the good work MUXers and....
Have a Great weekend all :)
GLTA
Go $MUX
Seinfeld - Kramer Beer Blooper
LIVE from Paris | Surrealism and Its Legacy
.
.
.
.
Sotheby's
Join us LIVE from Paris for an exceptional sale dedicated to Surrealism and its legacy in art history. Born from the ashes of World War I, Surrealism was an avant-garde movement that transformed chaos into beauty, contradiction into poetry, darkness into imagery and the impossible into the possible. Coming under the hammer in this special sale will be stunning works by René Magritte, Hans Arp, Francis Picabia, Yves Klein and Claude Lalanne among many others.
Russia responds to world palladium politics
William Dalrymple on the Battle of Pollilur
Russian state TV employee disrupts live news broadcast with 'No War' protest
(the sign's translation is in the video commentary)
Marilyn, Mick and Her Majesty | Three Icons printed by Andy Warhol
In the Gallery | Paris Surrealism with Catastrophe
Sotheby's
Explore our Sotheby's Paris galleries with a trip into the exhibition for the upcoming Surrealism and Its Legacy sale (Paris | 16 March). Discover highlights by Magritte, Picabia, Arp, Lalanne and Klein among others, and see a special performance by French avant-garde band, Catastrophe. Catastrophe defines its music as a kaleidoscope of musical genres, with every performance being an original sensorial experience.
Global shortfall in physical gold and silver supply
Ep: 65 - Live From The Vault - Russia sanctions hit physical gold and silver supply
MUX McEwen Mining Continues To Fight for NYSE_Listing
$MUX
.
.
.
.
MUX>>>DAY3 Battles...ON..Afterhours. MUX
0.96 0.06 6.08% 189.532K 0.91 2.04% 2.515M 415.565M
Counting these last three days like steps on the "Bankster Battlefield".... We're fighting for this NYSE listing traders
Keep Up the Great Work Muxers....Lets once and for all never let them minip the SP again
Their betting against us ....
We're Not Going To Let That Happen !
Floria Sigismondi | The Art of Surrealism
.
.
.
.
The Wou Collection: One Man’s Vision to Preserve 4,000 Years of Chinese History
.
.
.
.
Picabia | The Artistic Alchemist
.
.
.
.
Followers
|
28
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
9289
|
Created
|
11/14/12
|
Type
|
Premium
|
Moderators goforthebet Captain Bly |
Captain Bly Board Founder 2012 | |||||||
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |