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Sounds like welcome news to me. Thanks!
FYI-Reps. Kathleen Rice (D-NY), Morgan Griffith (R-VA), Angie Craig (D-MN) and Dan Crenshaw (R-TX) introduced a new bipartisan bill in Congress to require the Food and Drug Administration to regulate hemp-derived CBD foods and beverages.
Ayr Wellness To Start Activities In Its Arizona Cultivation And Production Facility
1:41 pm ET December 6, 2021 (Benzinga) Print
Vertically integrated cannabis company Ayr Wellness, Inc. (CSE: AYR.A) (OTCQX: AYRWF) confirmed Monday that it has received a Temporary Certificate of Occupancy to begin operations in its Phoenix, Arizona cultivation facility.
“Ayr continues to execute on its plan for growth, with this Phoenix cultivation facility being the latest project to come online,” said Jonathan Sandelman, founder, chairman and CEO of Ayr Wellness. “Our talented cultivation team has already received great reviews for the Kynd premium flower being grown in our Chandler, Arizona facility, and we look forward to scaling production with this larger space. The flower produced will supply our three Oasis dispensaries, as well as our growing wholesale business in the state.”
The Miami, Florida-based multi-state operator noted that the first crop was planted over the weekend, with the harvest projected for mid-March 2022.
Ayr expects to obtain local and regulatory authorizations for additional sections of the cultivation facility in the coming weeks.
More recent news from Ayr Wellness:
Analyst: AYR Wellness Weakness on Guidance Overlooks Longer-Term Opportunity
Ayr Wellness Q3 Revenue Spikes 111% YoY To $96M, Continues Acquisition Spree In Chicago
Ayr Wellness Cannabis Borrows $150M At 9.8% For 3 Years On Heels Of Acquisition Spree
Clash of the Titans: Can Cannabis Culture and Big Business Co-Exist?
Ayr Wellness To Buy PA Natural Medicine For $80M, Announces Accelerated Expiry Of Warrants
Price Action
Ayr Wellness’ shares traded 0.20% lower at $15.00 per share at the time of writing Monday morning.
You have a lot wrong in there, I may give you the ref. to 1937 Marijuana Tax Act but that was over turned over 50 years ago. Biden's son died of brain cancer BTW
This appears to be some good news in regards to the NAS--
"We further certify that the security described above has been approved by the Exchange for listing and registration"
https://www.sec.gov/Archives/edgar/data/0001859902/000135445721001401/cert.pdf
You do realize for the last several quarters that CW losses have exceeded the revenue. Losing money this week, last week, this year last year is no way to go. I didn’t look this time around but this company had been losing on average more than a million a week. Now a person may have overlooked that because in the last 6–8-month time frame this company has been losing on avg. 2 million a day in market cap. That’s going to be a tough one to turn around, and if it does, well from here if it goes up to $1.95 let’s say, many many will be cashing out with the 50 percent profit and the shorts will be taking over. Round and a round she goes. Just a thought, but maybe getting rid of the losses could be helpful.
You know, profit. This is not a growth stock anymore. IMO
LOL. Good one.
Without a merger you don't have a change of control.
In the event the Agreement is terminated upon consummation of a change of control, the Company shall pay Mr. Dowling all salary then due and payable through the date of termination and all unpaid deferred compensation. In addition, the Company shall pay Mr. Dowling a lump sum cash payment equal to two (2) times $525,000, which represents the Base Salary in effect for Mr. Dowling in 2021. However, Mr. Dowling, would not be entitled to any severance compensation or any accrued vacation pay or bonuses in connection with a termination of the Agreement upon consummation of a change of control.
Change of Control Transaction If the Company or its successor terminates the Employment upon a merger, consolidation, or transfer or sale of all or substantially all of the assets of the Company with or to any other individual(s) or entity (the “Change of Control Transaction”).
So who are they going to merge with then?
Size Does Matter: Cannabis Industry Chart Of The Week
Today 8:05 AM ET (Benzinga)Print
The chart shows valuation multiples EV/2022 Revenues and EV/2022 EBITDA arranged in increasing order of 2022 revenue. The yellow and green bars show EV/2022 revenue and EV/2022 EBITDA multiples, both of which are measured on the left vertical axis. The red line shows debt/market cap, and the black line indicates the 2021-2022 revenue growth percent, both of which are measured on the right vertical axis.
The Viridian Capital Chart of the Week highlights key investment, valuation and M&A trends taken from the Viridian Cannabis Deal Tracker.
The Viridian Cannabis Deal Tracker provides the market intelligence that cannabis companies, investors, and acquirers utilize to make informed decisions regarding capital allocation and M&A strategy. The Deal Tracker is a proprietary information service that monitors capital raise and M&A activity in the legal cannabis and hemp industry. Each week the Tracker aggregates and analyzes all closed deals and segments each according to key metrics:
Since its inception in 2015, the Viridian Cannabis Deal Tracker has tracked and analyzed more than 2,500 capital raises and 1,000 M&A transactions totaling over $50 billion in aggregate value.
The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
The enormous valuation gap between small companies and large companies is immediately apparent. Companies with projected 2022 revenues of under $100M trade at only .8x revenues and 5.2x EBITDA compared to companies with over $750M of projected 2022 revenue, which trade at 3.4x revenue and 9.6x EBITDA.
Revenue growth rates partially explain the gap. The $300-$500M revenue group, which includes Ascend Wellness (CSE: AAWH)(OTCMKTS: AWWH), Columbia Care (CSE: CCHW)(OTCQX: CCHWF), Jushi (CSE: JUSH)(OTCQX: JUSHF), has the highest projected growth rate (69.3%) most likely due to the aggressive acquisition activity of the group. However, revenue growth rates do not explain the significant jump in multiples between this group and the largest revenue group with over $750M projected 2022 revenues.
One solid explanation lies in the red line showing debt/ market cap, which declines steadily as revenue increases. (The same trend is seen when Debt/ EBITDA is used as a leverage measure) The smaller companies have higher debt levels relative to their assets' market valuation, making them more risky credits. The market is penalizing the market value of these companies for their higher risk.
Still another compelling explanation lies in the greater trading liquidity of the larger cap companies. Institutional investors want to be able to buy and sell blocks of stock without unduly affecting prices.
We believe the persistent valuation gap is a major driving force behind the consolidation-driven M&A activity we are witnessing. Smaller companies face a higher cost of capital in both the debt and equity markets and are incented to become part of larger enterprises. Meanwhile, the most prominent companies, possessing a higher valued currency, find the smaller companies instantly accretive acquisitions due to their higher valued currency.
Newmont Expects Gold Output to Rise to 6.2M Oz in 2022 -- Commodity Comment
Today 8:08 AM ET (Dow Jones)Print
By Robb M. Stewart
Newmont Corp. is targeting a rise in gold production next year to 6.2 million ounces, growing to as much as 6.8 million ounces annually over a five-year period even as costs are set to fall.
On guidance:
The mining company Thursday forecast production of between six million and 6.6 million ounces in 2023, and between 6.2 million and 6.8 million ounces in each of the following three years. Production of other metals is expected to be 1.3 million gold-equivalent ounces in 2022, it said.
Newmont, which produced 1.45 million ounces of gold in the third quarter, in late October said it expected output for 2021 of six million ounces and affirmed guidance for 1.3 million gold-equivalent ounces of copper, silver, lead and zinc for 2021.
The rise in gold production expected next year reflects growth at the company's Boddington mine in Australia and Ahafo mine in Ghana, while the lift in 2024 through 2026 will mark the inclusion of profitable production from the Ahafo North operation and Tanami Expansion 2 in Australia, as well as reaching higher gold grade at Penasquito in Mexico, it said.
Newmont said costs are expected to improve throughout over a five-year period, in part thanks to investments in profitable projects. Gold cost applicable to sales is expected to be $820 an ounce next year, improving to between $740 and $840 an ounce for 2023 and $700 and $800 an ounce in 2024 through 2026, it said. Gold all-in sustaining costs is expected to be $1,050 an ounce next year, improving to between $980 and $1,080 an ounce in 2023 and $920 to $1,020 an ounce longer-term, it said.
The outlook assumes operations continue without major Covid-19-related interruption, and assumes a revenue gold price of $1,800 an ounce for costs in 2022, Newmont said.
Yes, it would be a gift. Other than the SAFE banking act which is included with the NDAA, and even that is a fight, there doesn’t appear to be enough traction for most of the others.
Right now, were in a forest and trees kind of environment. Your focus maybe on this stock but a person may miss the overview of the sector. Many, many stocks in this sector are either at 52 week lows, multi- year lows or all-time lows. Depending on a persons view it’s the best of times or the worst of times, it all depends on how you play it.
Hi Gladys, RSI is at 31.76. A little bit more to the down side and it will be at oversold. Minus a dead cat bounce, this should hit bottom over the next several days minus some good news from the company. Still have those tax loss sales coming up however, but that's only over a short period of time. GL
Well, I’m going to have to see how it plays out. I have no problem with the business plan they have working. The delays from the CAN gov ,the delays from the US gov, the sector in general all are my bigger concerns right now. Hard to believe it’s almost 2022. Been in the boat for a long time.
In general the sector as a whole grew too much, thought to big and miss-timed, well everything. IMO
Alright, one last time.
Barrick and NOVAGOLD Agree on Next Steps Toward Advancement of Donlin Gold; Drill Assay Results Continue to Yield High-Grade Intercepts and Demonstrate Important Grade Continuity; With Clear Improvement in Definition of Controls of Mineralization, the Project is Advancing Towards Feasibility Study Update
Today 8:00 AM ET (GlobeNewswire)Print
Donlin Gold LLC ("Donlin Gold"), owned 50/50 by Barrick Gold Corporation ("Barrick") (TSX: ABX) (NYSE: GOLD) and NOVAGOLD RESOURCES INC. ("NOVAGOLD") (TSX, NYSE American: NG), is pleased to report progress made during the executive management workshop and site visit in early September between senior representatives from Barrick and NOVAGOLD, as well as the Donlin Gold management team. Additional assay results for 18 completed drill holes, plus partial results for 22 holes from the 2021 drill program are reported below.
2021 Drill Program Delivers Consistent Results
The 2021 drill program was completed in September with 79 holes drilled for a total of 24,264 meters. To date, Donlin Gold has reported assays for 36 complete holes and 22 partial holes, encompassing 15,700 meters of length drilled. The last core was logged in mid-October with final samples sent off site to laboratories for further processing. The camp was closed at the end of October and is expected to reopen in January 2022 for a winter drill program. Final results from the 2021 drill program are expected to be disclosed in 2022.
The primary objective of the 2021 drill program was to complete the work necessary to validate and increase confidence in recent geologic modeling concepts to support future feasibility work.
The logging and assay results will be incorporated into a geologic model update, followed by a shift in focus to feasibility study work, subject to a formal decision by the Donlin Gold Board. Initial assay results from the 2021 drill program were disclosed in a media release on September 2, 2021, five of the top intervals received since this release include:
? Drill-hole collar locations and five of the top intervals are shown in Figure 1
? Drill-hole orientations, depths and significant intervals are shown in the Appendix at the end of this release, in Tables 1 and 2, respectively. Those holes, designated as being in the Divide area, are on the eastern side of the ACMA pit area, transitioning into the Lewis pit area, as shown in Figure 2. These new and significant high-grade drill hole intercepts point toward the potential feeder zones of this large system. Part of the objective of the 2022 exploration and drill program will be to confirm mineralization continuity and key geologic controls in representative areas of the deposit.
Barrick Confirms Per Share Distribution Amount for the Third $250 Million Return of Capital Tranche
Today 6:30 AM ET (GlobeNewswire)Print
All amounts expressed in US dollars
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today confirmed that the per share amount of the third and final $250 milliontranche of a return of capital distribution totalling $750 million to be paid on December 15, 2021 will be $0.1405058, based on the number of issued and outstanding shares as of the November 30, 2021 record date.
This follows the approval by shareholders at Barrick's Annual and Special Meeting on May 4, 2021 of the total $750 million return of capital distribution.
On December 15, 2021, Barrick will also pay a previously declared dividend of $0.09 per share for the third quarter of 2021 to shareholders of record at the close of business on November 30, 2021.
"The payment of the $750 million return of capital distribution over the course of 2021, along with our quarterly dividend payments, will result in a total cash return to shareholders of approximately $1.4 billion during the year, which represents the highest annual cash payout to shareholders in Barrick's history," said senior executive vice-president and chief financial officer Graham Shuttleworth. "Even after these record annual distributions, our balance sheet remains exceptionally strong as a result of our robust operational and financial performance, leaving Barrick in a position to maintain our commitment to provide our shareholders with meaningful returns while continuing to invest in our future growth and development."
Columbia Care Celebrates Inclusion in MSCI Canada Small Cap Index
Today 5:27 PM ET (Business Wire)Print
Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) ("Columbia Care" or the "Company), one of the largest and most experienced cultivators, manufacturers and providers of cannabis products in the U.S., announced that MSCI Inc. ("MSCI"), a leading provider of critical decision support tools and services for the global investment community, has added Columbia Care to the MSCI Canada Small Cap Index, as of market close on November 30. Columbia Care is the first and only U.S.-based cannabis company to be added to a major benchmarking index.
"This is a landmark achievement for Columbia Care and the cannabis industry that opens the door for the global institutional investment community to gain exposure in a meaningful and established way. Our inclusion in MSCI index benchmarks is a testament to the quality, good governance and growth trajectory of Columbia Care, as well as our commitment to drive shareholder value," said Nicholas Vita, Chief Executive Officer of Columbia Care. "We appreciate the credibility and visibility that accompany inclusion in an MSCI index. We are grateful to the NEO Exchange for their support since we began trading as 'CCHW' in April 2019, and are proud to be partnered with this senior exchange that enabled such a groundbreaking achievement."
The MSCI Canada Small Cap Index is designed to measure the performance of the small cap segment of the Canada market. With 196 constituents, the index covers approximately 14% of the free float-adjusted market capitalization in Canada. Columbia Care was deemed eligible and selected for inclusion within the MSCI Global Equity Indexes based upon a rigorous methodology that considers a number of factors, including liquidity, governance, momentum and market capitalization. MSCI estimates more than $16 trillion in assets under management are benchmarked to MSCI indexes.
In May 2021, NEO announced that MSCI recognized the NEO Exchange as an eligible market for inclusion in MSCI Indexes under the MSCI Global Investable Market Indexes Methodology.
World Gold Council Report Underscores Barrick's Leading Role in Sharing the Benefits of Mining
Today 11:45 AM ET (GlobeNewswire)Print
Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) today welcomed the release of the World Gold Council's report highlighting the role of its members in contributing to socio-economic development in the countries and communities in which they operate. According to the report, available at www.gold.org, this contribution amounted to almost $38 billion in 38 countries last year, in the form of payments to governments, employees and suppliers.
Barrick's status as an industry leader in socio-economic development was underscored by the comparison between its performance and the industrywide figures reported by the World Gold Council:
Barrick president and chief executive Mark Bristow said that the company's ability to share the benefits of mining was one of the key ways it measured its success. "We partner with our host communities and countries to transform their natural resources into tangible benefits and mutual prosperity. Additionally, we hire talented individuals from the communities closest to our mines and train them to world-class standards; we leverage our supply chain to facilitate the growth of thriving and self-sustaining businesses; and our taxes further contribute to the economic development of the countries and communities in which we operate," he said.
"This all happened against the backdrop of the Covid-19 pandemic when our prompt and effective responses protected our businesses from the worst of the virus and provided a further opportunity for us to demonstrate our commitment to partnerships," Bristow said.
Barrick spent more than $30 million on Covid-related community support measures in 2020 and prepaid more than $300 million in taxes and royalties. It also supported communities through a number of initiatives ranging from medical supply donations to local hospitals, loans to small businesses, setting up food banks and delivering food packages.
Yes, the up’s and down of investing. I do think the NAS cap market will be helpful, but what I think and what I know . . . . . . can be two different things.
Funny you should mention, I did buy some more today. Avg in play.
Hey Gladys I’m glad I caught you here. Some good news for you. Cw is almost oversold, rsi at 32. Don’t think it will go much lower than 1.10 until tax loss selling. Just trying to brighten your day! Have a good one.
Your right. I'm hoping for some damage control by the company. If they don't join the NAS by the end of year, there will be hell to pay. Starting with removing the CEO.
But for now it's just a wait and see.
FYI just a interesting report.
https://www.greenmarketreport.com/american-cannabis-harvest-report-leafly/
Hi again Gladys, with regards to the CV/ CW I also was going to ask with regards to CW philosophy, how can you define your CEO making 1.09 million a year, yet under her leadership she took a company well over a billion dollars and drove it to just 194 million, currently. I don’t think that’s a strong philosophy to follow. I assume she is still getting paid, well with that performance maybe I shouldn’t, but what exactly is the thought process with that?
Hi again Gladys, with regards to the CV/ CW I also was going to ask with regards to CW philosophy, how can you define your CEO making 1.09 million a year, yet under her leadership she took a company well over a billion dollars and drove it to just 194 million, currently. I don’t think that’s a strong philosophy to follow. I assume she is still getting paid, well with that performance maybe I shouldn’t, but what exactly is the thought process with that?
Hi Gladys -- You mentioned philosophy and what drives it “What "PHILOSOPHY" drives CVSciences' PERFORMANCE?”
In regards to CW if you could kindly explain what drives CW philosophy?
Below I have pulled just a few of many underlying metrics for CW.
Working cap growth yoy NEG 31.96 percent
Capex growth yoy NEG 72.16 percent.
EBITDA – NEG 28.87
Cash from ops- NEG 25.663 million
What’s your thoughts?
Hi Gladys -- You mentioned philosophy and what drives it “What "PHILOSOPHY" drives CVSciences' PERFORMANCE?”
In regards to CW if you could kindly explain what drives CW philosophy?
Below I have pulled just a few of many underlying metrics for CW.
Working cap growth yoy NEG 31.96 percent
Capex growth yoy NEG 72.16 percent.
EBITDA – NEG 28.87
Cash from ops- NEG 25.663 million
What’s your thoughts?
Again, your comparing apples to oranges. CW is far bigger than CV. Since you last posted this 2 weeks ago CW has lost another 21 million in market cap. 205m to 194 mil.
CW net income is – 35mil. CW total debt is 24 million. And CW operating cash flow is – 26million.
CW total value is 195 million which doesn’t say much for your assets you mention.
CW is bleeding cash.
The revenue is meaningless as long as CW spending more than they make.
Malawi Appoints Mike Tyson As Its Cannabis Ambassador
11/24/21 4:57 PM ET (Benzinga)Print
The government of Malawi has asked the former world heavyweight champ, Mike Tyson to become the official ambassador for the country's cannabis industry.
Agriculture Minister Lobin Low sent a letter to Tyson inviting him to take up the role, saying that cannabis legalization in Malawi had created new opportunities.
Recently, during a training workshop with farmers, Lowe encouraged cannabis growers to form cooperatives to increase their bargaining power and that he viewed cannabis as a key part of the country's agricultural export strategy to contribute to domestic development.
Hence, Malawi's decision to appoint Tyson.
A successful cannabis entrepreneur, Tyson is launching his own cannabis line, Tyson 2.0, on Black Friday in partnership with Columbia Care Inc. (NEO: CCHW) at Colorado dispensary The Green Solution.
"Malawi may not go it alone as the industry is complex [and requires] collaboration. I would therefore like to appoint you, Mr. Mike Tyson, as Malawi's Cannabis Branch ambassador," Lowe wrote in the invitation, reported the BBC.
Wheaton Precious Metals Corp. Stock Rises Thursday, Outperforms Market
11/25/21 4:36 PM ET (Dow Jones)Print
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Wheaton Precious Metals Corp. inched 0.50% higher to C$54.31 Thursday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index rising 0.30% to 21,613.18. This was the stock's second consecutive day of gains. Wheaton Precious Metals Corp. closed C$5.54 below its 52-week high (C$59.85), which the company reached on January 7th. Trading volume of 181,278 shares remained below its 50-day average volume of 968,584
MediPharm Labs Completes Medical Cannabis Export to Barbados
Today 7:00 AM ET (GlobeNewswire)Print
MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE: MLZ) ("MediPharm Labs" or the "Company") a pharmaceutical company specialized in precision-based cannabinoids, is pleased to announce it has completed a medical cannabis export to Barbados in conjunction with strategic partner Avicanna (TSX: AVCN).
"Our GMP platform make us the go-to partner for companies looking to access global medical cannabis programs," said Bryan Howcroft, CEO, MediPharm Labs. "As countries around the world continue to adopt medical cannabis programs, MediPharm Labs is best positioned to serve these markets as the only North American producer with a Drug Establishment License (GMP) for the extraction of natural cannabinoids."
The Company has manufactured and delivered Avicanna RHO Phyto products for the medical community and patients in the Caribbean through Bryden Stokes, an established health and pharmaceutical product distributor in the region. These advanced cannabis products are evidence-based and marketed via the Avicanna educational platform, including patient support, marketing, and training.
MediPharm Labs will continue to deliver to international jurisdictions with medical cannabis programs in place. This execution is a proof of concept for future pharmaceutical customers who select MediPharm Labs to manufacture novel and generic drugs with marketing authorization for physician prescriptions in regions like the United States and European Union.
Approval of New Infrastructure Bill Sparks Enthusiasm for Copper
8:50 am ET November 23, 2021 (PR Newswire) Print
Last week, US President Joe Biden unveiled one of the largest infrastructure plans in U.S. history. The bipartisan approval targets up to $1.2 trillion in funding, including $550 billion in new investments for bridges, airports, the nation's waterways and policies, transit, and more. Much of the bill targets electrification for infrastructure, buildings, and fleets of government vehicles. In addition to financing renewable energy, the infrastructure bill also provides $7.5 billion for electrification of public transport and an additional $7.5 billion for charging stations for electric vehicles (EVs), which is expected to drive demand for industrial metals and battery materials like copper, lithium, cobalt, nickel, and more. Companies mining these metals and materials like Wheaton Precious Metals (TSX:WPM) (NYSE:WPM), Hudbay Minerals (NYSE:HBM), Taseko Mines Ltd. (TSX:TKO) (NYSE:TGB), Copper Mountain Mining (TSX:CMMC), and Kutcho Copper (TSXV:KC) (OTCQX:KCCFF) could be on the precipice of a mining boom due to this bill.
Newmont Corporation Is Maintained at Outperform by National Bank
11/23/21 12:08 PM ET (Dow Jones)
TILT to Participate in Upcoming Investor Conferences
11/23/21 1:55 PM ET (GlobeNewswire)Print
TILT Holdings Inc. ("TILT" or the "Company") (NEO: TILT) (OTCQX: TLLTF), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, announced that its executive team will participate at two upcoming investor conferences in December 2021:
For more information about the conferences or to schedule a one-on-one meeting with TILT management, please contact the Company's investor relations team at investors@tiltholdings.com.
About TILT
TILT helps cannabis businesses build brands. Through a portfolio of companies providing technology, hardware, cultivation and production, TILT services brands and cannabis retailers across 36 states in the U.S., as well as Canada, Israel, Mexico, South America and the European Union. TILT's core businesses include Jupiter Research LLC, a wholly-owned subsidiary and leader in the vaporization segment focused on hardware design, research, development and manufacturing; and cannabis operations, Commonwealth Alternative Care, Inc. in Massachusetts, Standard Farms LLC in Pennsylvania, Standard Farms Ohio, LLC in Ohio, and its partnership with the Shinnecock Indian Nation in New York. TILT is headquartered in Phoenix, Arizona. For more information, visit www.tiltholdings.com.
The Green Solution in Colorado will be the first dispensary in the nation to offer the much-anticipated Tyson 2.0 cannabis line on Black Friday, Nov. 26. Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF), through its exclusive partnership with Tyson 2.0, launched the brand with the legendary boxer Mike Tyson.
Barrick Gold Corporation Is Maintained at Outperform by Raymond James
Today 11:57 AM ET (Dow Jones)Print
2021-11-24 16:57:00 GMT DJ Barrick Gold Corporation Price Target Cut to $27.00/Share From $27.50 by Raymond James
Well, if it’s a trend reversal you seek then we would need to get over .25. That would date back to late September. 8 times this has tried to get above. A new trend line and box would form above that mark.
There is plenty of room to do that in the chart as we are at the lower end of the indicators now.
From the last 10k a few weeks back, the company did manage to break even on the earnings 0.00 while also removing all debt. It’s a start. But at the end of the day, it’s still all about sales, no problem with the product, it’s good. Just have to find a way to pump the sales.
Well, they said this year they were going to up their game, they have. You got the Lyf production, the Verse - Citizen Stash – Green roads – Pommies and the SoRse utilization and they are bringing it all to the NAS. Nothing is ever a lock, but you got to like the look going into 2022.