Friday, May 06, 2022 8:17:21 PM
Friday Night Fever. . . . . . .
From tonight's Mining and Metals board (News Reel)
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Mining & Metals Top Juniors Movers & News___Makers
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.
.
.
Good Evening and Welcome to ~*~Mining & Metals Du Jour~*~ Mothers Day edition
Videos by J:D
Sound tracks by J:D
DD & tickers not included
MARKET ACTIVITY
TSX -62.89 (0.30%) 20,633.28
TSX Venture -13.72 (1.75%) 769.97
ASX 200 -163.70 (2.22%) 7,203.00
S&P 500 -23.53 (0.57%) 4,123.34
NYSE Gold Bugs -2.57 (0.93%) 274.06
VanEck Jr Miners -0.65 (1.54%) 41.45
Sprott Junior Miners -0.56 (1.45%) 38.00
COMMODITY PRICES
Gold (US$/oz) +5.42 (0.29%) 1,882.80
Silver (US$/oz) -0.21 (0.93%) 22.37
Copper (US$/lb) -0.04 (0.93%) 4.25
Platinum (US$/oz) -25.45 (2.61%) 948.05
Palladium (US$/oz) -147.77 (6.78%) 2,032.00
# DRILL RESULTS
Labrador Gold Intersects 54.17 G/T Au Over 0.95m at the Big Vein Target
i-80 Gold Intersects High-Grade Gold in Initial Drilling of the Ogee Zone at Granite Creek
Wesdome Gold Mines Announces Continued High Grade Drilling Results From the Falcon 7 Zone
Orezone Gold Continues to Intersect High-Grade Gold at P17S Extension at the Bomboré Gold
Integra Resources Intersects 3.95 g/t AuEq Over 77.7 M in Extension Drilling at War Eagle
# DRILLING UPDATES
Green Battery Minerals Receives Assays From Drilling Into Graphite Outcrop On Zone 6
New Found Gold Commences Shipment of Drill Core Samples to MSALAB's Chrysos PhotonAssay
Basin Uranium Announces Completion of Second Hole at Mann Lake
Belmont Resources Provides Drill Update for Lone Star JV with Marquee Resources
Independence Gold Completes Drill Program at 3Ts Project, BC
FireFox Gold To Exercise Option for 100% Interest in the Sarvi Property, Finland
Puma Exploration Adds a Second Drill at Its Williams Brook Gold Project
# DRILLING COMMENCED
Minsud Resources Commences Phase IV Drilling at Chita Valley Project, San Juan, Argentina
High Tide Resources Begins Drilling at Labrador West Iron Project
Puddle Pond Resources Reports that its Inaugural Drilling Program has Commenced
Opawica Explorations Commences Maiden 5,000m Drill Program at Arrowhead Property
Japan Gold Announces Ryuo Prospect Drilling Underway
MARKET MOVERS
Company +Change% Last Trade
Newcrest Mining 0.37 +1.56% $24.15
Los Andes Copper 0.36 2.55 $14.50
Solaris Resources 0.27 2.31 $11.97
Altius Minerals 0.26 1.27 $20.74
Endeavour Mining 0.26 0.80 $32.68
Hilo Mining 0.26 76.47 $0.60
Turquoise Hill Resources 0.22 0.62 $35.76
Rupert Resources 0.22 4.27 $5.37
Emerita Resources 0.20 12.12 $1.85
Andean Precious Metals 0.18 15.13 $1.37
Imperial Metals 0.17 4.53 $3.92
Largo Resources 0.16 1.53 $10.59
Aris Gold 0.13 7.34 $1.90
North Peak Resources 0.12 7.89 $1.64
Osino Resources 0.10 9.26 $1.18
HIGH VOLUME
Company Volume Last Trade
Hycroft Mining 15,626,490 $1.54
Uranium Energy 11,572,073 $4.13
Denison Mines 6,864,144 $1.54
Cameco 4,920,392 $30.71
Northern Lights Resources 4,122,000 $0.01
Fission Uranium 3,612,817 $0.80
Green Battery Minerals 3,599,649 $0.14
UEX Corporation 2,903,537 $0.28
The Metals Company 2,824,189 $1.47
NexGen Energy 2,772,251 $5.73
Kinross Gold 2,396,207 $6.33
B2Gold 2,340,992 $5.56
First Quantum Minerals 2,332,379 $33.02
Austin Gold 2,151,952 $2.96
IAMGOLD 2,092,885 $2.71
EARNINGS / PRODUCTION RESULTS
Wheaton Precious Metals Announces Solid Start To 2022
Cameco Reports First Quarter Results, Beginning to Benefit From Strategic Decisions
MP Materials Reports First Quarter 2022 Results
Nomad Royalty Company Reports Q1 Results And Declares Second Quarter 2022 Dividend
Lucara's Q1 2022 Revenue of $68.2 Million Reflective of a Strong Start to 2022
Cerrado Gold Reports Strong First Quarter Production Results from Its Minera Don Nicolas
# PROJECT ACQUISITIONS
Riverside Resources-BHP Exploration Agreement Adds Llano De Nogal Copper Project
McFarlane Lake Mining Acquires Mining Leases in Michaud and Munro Townships
Kestrel Gold Options Fireweed Project in British Columbia
Trailbreaker Resources Acquires the Connector Gold Property, Adjacent to the...
Roo Gold Acquires Additional Exploration Licence On Peel-Manning
# SAMPLING RESULTS
Visionary Gold Announces the Discovery of Two New Prospects and Samples 9.07% Copper
Altiplano Metals Defines Prospective 3.5 x 1.5 km Epithermal Alteration System
Search Minerals Announces Additional Channel Assay Results Expanding FOX MEADOW Rare
Canstar Resources Announces Till Results with up to 502 Gold Grains and Additional
Fabled Copper Reports on the Davis Keays Eagle Vein Area with 6 Additional Parallel
FEASIBILITY / PEA / MRE
Kuya Silver Announces Results of Independent Preliminary Economic Assessment
Blackrock Silver Announces Tonopah West Maiden Stope Optimized Resource Estimate; 2.9 Million
Jervois Global Releases BFS for Sao Miguel Paulista Refinery Restart
Osisko Metals Announces Maiden Resource at Gaspé Copper - Inferred Resource of 456Mt Grading
Metallic Minerals Defines 985 Million Pounds of Copper Equivalent in Inaugural NI 43-101
Great Panther Mining Announces Updated Mineral Reserve and Mineral Resource Estimates .
G2 Goldfields Announces Inferred Resource of 974,000 ounces Au (@ 9.25 g/t) and Indicated
Galiano Gold Reports Q1 2022 Financial And Operating Results
MERGERS / ACQUISITIONS
Sandstorm Gold Royalties Announces US$1.1 Billion Portfolio Transformation
Northern Superior Resources and Genesis Metals Announce Signing of Definitive Agreement
Elemental Royalties Board Continues to Recommend Rejection of Gold Royalty's Hostile
Josemaria Resources Securityholders Approve Acquisition by Lundin Mining
Robex Resources Announces a Business Combination With Sycamore Mining Targeting
$ FINANCINGS
PureGold Mining Announces $30 Million Non-Brokered Private Placement; Tony Makuch Joins
Galway Metals Announces Upsizing Of Previously Announced Bought Deal Private Placement .
Viva Gold Announces Closing of C$4.3 Million Private Placement Offering
Western Alaska Minerals Announces Completion of C$5 Million Non-Brokered Private Placement
Faraday Copper Closes Upsized C$20 Million Equity Offering
NEW / DUAL LISTINGS
Austin Gold Closes Initial Public Offering, Including Full Exercise of the Over-allotment
Regency Silver Completes Oversubscribed IPO and Announces Upcoming Drill Program at Dios
Usha Resources Begins Trading on the Frankfurt Stock Exchange as FSE:JO0
West African Gold Explorer & Developer, Sarama Resources, Lists on ASX, Raises A$8M
Ashley Gold Announces Completion of Initial Public Offering
BOARD / MANAGEMENT CHANGES
McEwen Mining Announces Senior Management Changes
Copper Mountain Mining Announces Executive Management Changes
Vizsla Silver Strengthens Technical Executive Team
First Quantum Minerals Announces Tristan Pascall as New Chief Executive Officer and Board
Nighthawk Gold Appoints New Vice President of Exploration and Announces its 2-Year Exploration
DRILL PERMITS / TARGETS
Zacatecas Silver Receives Permits for 30 Drill Pads at El Cristo
Grande Portage Resources Receives 2022 Drill Permits for Its Herbert Gold Project in S.E
Orex Minerals: Permit Received and Plans Underway for Diamond Drilling on the Sandra
MacDonald Mines Exploration Reports on GoldSpot Discoveries’ Findings at SPJ Project
Libero Copper & Gold Identifies 9 New Porphyry Targets Including Significant Expansion
$ STRATEGIC INVESTORS
Geomega Resources Closes $1M Equity Financing with Michael Gentile, CFA and Appoints him
Canex Metals Announces C$2.5 Million Equity Financing and Welcomes Strategic Investor
Luminex Resources Closes C$9M Private Placement led by Ross Beaty
Novo Resources Completes First Tranche of New Found Gold Sale for C$68.9 Million
Tectonic Metals Announces Strategic Investment by Crescat Capital as Part of a C$3 Million
..............................
Thanks for being with us tonight
Great to see you :)
..............................
Zillionaire Giustra earns his tinfoil hat and brings Kitco's Makori along for the ride
Submitted by admin on Thu, 2022-05-05 13:55 Section: Daily Dispatches
2p ET Thursday, May 5, 2022
Dear Friend of GATA and Gold:
Give that man a tinfoil hat!
Mining and movie entrepreneur and zillionaire Frank Giustra has gone full "conspiracy nut" in an interview today with Michelle Makori of Kitco News, surpassing his previous cautious assertions that the gold price is "managed" by central banks and saying now that the price is "outright manipulated."
Giustra tells Makori that "you're never going to find a smoking gun on this." But, if so, that's only because neither he nor Makori will ever visit GATA's documentation summary here:
https://gata.org/node/20925
After all, the summary just has too much documentation to sort through unless one aims to be sincere.
But better 20 years late than never, so let's take what we can get, especially since Giustra's enlistment in the tinfoil hat brigade has brought along Kitco, which long has striven to avoid mention of gold market manipulation and especially to avoid interviewing GATA Chairman Bill Murphy, despite GATA's many requests. Telling gold investors the truth -- that is, as Jim Rickards said in CNBC many years ago, "When you own gold you're fighting every central bank in the world" -- may be bad for the gold business until it decides to stand up for itself.
Kitco's interview with Giustra is headlined "Gold Price Is Manipulated by the Fed, Suspects Mining Tycoon Frank Giustra, But Suppression Can't Last Forever" and it can be found here:
https://www.kitco.com/news/2022-05-05/Gold-price-is-manipulated-by-the-Fed-suspects-mining-tycoon-Frank-Giustra-but-suppression-can-t-last-forever.html
................
Introducing the New Mobile Mining Unit
Thank you to all M+M contributors past and present
Hope everybody is having a Great Mothers Day Weekend
Today's Treats
Thought of the Day
Today’s thought…
May 06, 2022
"[Theorists who don't practice] are like eunuchs in a harem. They know everything about love, but they can't do anything about it."
----Harvard economist Alexander Gerschenkron in Nicholas Dawidoff, The Fly Swatter: How My Grandfather Made His Way in the World (Pantheon Books, New York, 2002), p. 244.
This Day in Financial History
Learn what happened in business in today’s past
May 06:
1991: After almost two years of clumsy pursuit, AT&T Corp. finally gets NCR Corp. to let AT&T take it over for $7.4 billion, or a mere $110 a share. "We believe," says AT&T Chairman Robert E. Allen, "that AT&T will bring resources to your business that will build significantly on your history of success and assure a strong future, creating a powerful American company with the technological and marketing strengths to compete in world markets over the long term." AT&T's takeover of NCR turns out to be one of the most disastrous blunders ever, as NCR's computer lines fall in popularity and the two corporate cultures clash like Serbs and Bosnians. AT&T ends up spinning off NCR in 1996, after losing $3.8 billion.
The Wall Street Journal, December 30, 1996, p. B1;http://www.att.com/press/0591/910506.chc.htmlhttp://www.att.com/press/0591/910506.chd.htmlhttp://www.ncr.com/history/history.htmhttp://www.att.com/press/0197/970101.cha.html
1986: Nearly six years after it closed above 200 for the first time, the NASDAQ Composite Index finally closes above 300, finishing the day at 301.64.
www.nasdaq.com
1929: Just in time to lure investors into the worst stock decline in modern history, the Luxembourg Stock Exchange opens for trading. As a special favor to his subjects, the Grand Duke of Luxembourg structures the stock exchange as a stock corporation owned 20% by members of the public.
Museum of American Financial History (www.financialhistory.org); The LGT Guide to World Equity Markets, 1997 (Euromoney Publications, London, 1997), p. 296.
1870: Amedeo Peter Giannini is born in San Jose, Calif. In San Francisco in 1904 he founds the Bank of Italy to serve the city's burgeoning working class. It later finances the Golden Gate Bridge in the depths of the Depression and lends David Selznick the money he needs to finish filming Gone With The Wind. Today, as Bank of America, it's one of the world's biggest financial-services firms.
http://www.pathfinder.com/time/time100/profile/giannini.html
This Night in Rock History
May 6
1978 - Bee Gees
The soundtrack to Saturday Night Fever started an 18 week run at No.1 on the UK album chart, also No.1 in the US. The album, which features seven Bee Gees songs, went on to sell over 30 million copies worldwide.
Bee Gees - Night Fever
Have a Wonderful weekend all and thanks
J:D
tags, Junior mining network,Gata dispatches,Jason Zweig,This Day in Music, Sandvik Mining and Rock Solutions,Jesse Cafe,Corporate Lesfm - Royalty Free / No Copyright Music,Mineral Technologies,beegees,Sarcalogos Christ the Word Made Flesh
.
.
.
.
.
.
. . . ......
From tonight's Mining and Metals board (News Reel)
.
.
Mining & Metals Top Juniors Movers & News___Makers
.
.
.
.
Good Evening and Welcome to ~*~Mining & Metals Du Jour~*~ Mothers Day edition
Happy Mothers Day Moms
Videos by J:D
Sound tracks by J:D
DD & tickers not included
MARKET ACTIVITY
TSX -62.89 (0.30%) 20,633.28
TSX Venture -13.72 (1.75%) 769.97
ASX 200 -163.70 (2.22%) 7,203.00
S&P 500 -23.53 (0.57%) 4,123.34
NYSE Gold Bugs -2.57 (0.93%) 274.06
VanEck Jr Miners -0.65 (1.54%) 41.45
Sprott Junior Miners -0.56 (1.45%) 38.00
COMMODITY PRICES
Gold (US$/oz) +5.42 (0.29%) 1,882.80
Silver (US$/oz) -0.21 (0.93%) 22.37
Copper (US$/lb) -0.04 (0.93%) 4.25
Platinum (US$/oz) -25.45 (2.61%) 948.05
Palladium (US$/oz) -147.77 (6.78%) 2,032.00
# DRILL RESULTS
Labrador Gold Intersects 54.17 G/T Au Over 0.95m at the Big Vein Target
i-80 Gold Intersects High-Grade Gold in Initial Drilling of the Ogee Zone at Granite Creek
Wesdome Gold Mines Announces Continued High Grade Drilling Results From the Falcon 7 Zone
Orezone Gold Continues to Intersect High-Grade Gold at P17S Extension at the Bomboré Gold
Integra Resources Intersects 3.95 g/t AuEq Over 77.7 M in Extension Drilling at War Eagle
# DRILLING UPDATES
Green Battery Minerals Receives Assays From Drilling Into Graphite Outcrop On Zone 6
New Found Gold Commences Shipment of Drill Core Samples to MSALAB's Chrysos PhotonAssay
Basin Uranium Announces Completion of Second Hole at Mann Lake
Belmont Resources Provides Drill Update for Lone Star JV with Marquee Resources
Independence Gold Completes Drill Program at 3Ts Project, BC
FireFox Gold To Exercise Option for 100% Interest in the Sarvi Property, Finland
Puma Exploration Adds a Second Drill at Its Williams Brook Gold Project
# DRILLING COMMENCED
Minsud Resources Commences Phase IV Drilling at Chita Valley Project, San Juan, Argentina
High Tide Resources Begins Drilling at Labrador West Iron Project
Puddle Pond Resources Reports that its Inaugural Drilling Program has Commenced
Opawica Explorations Commences Maiden 5,000m Drill Program at Arrowhead Property
Japan Gold Announces Ryuo Prospect Drilling Underway
MARKET MOVERS
Company +Change% Last Trade
Newcrest Mining 0.37 +1.56% $24.15
Los Andes Copper 0.36 2.55 $14.50
Solaris Resources 0.27 2.31 $11.97
Altius Minerals 0.26 1.27 $20.74
Endeavour Mining 0.26 0.80 $32.68
Hilo Mining 0.26 76.47 $0.60
Turquoise Hill Resources 0.22 0.62 $35.76
Rupert Resources 0.22 4.27 $5.37
Emerita Resources 0.20 12.12 $1.85
Andean Precious Metals 0.18 15.13 $1.37
Imperial Metals 0.17 4.53 $3.92
Largo Resources 0.16 1.53 $10.59
Aris Gold 0.13 7.34 $1.90
North Peak Resources 0.12 7.89 $1.64
Osino Resources 0.10 9.26 $1.18
HIGH VOLUME
Company Volume Last Trade
Hycroft Mining 15,626,490 $1.54
Uranium Energy 11,572,073 $4.13
Denison Mines 6,864,144 $1.54
Cameco 4,920,392 $30.71
Northern Lights Resources 4,122,000 $0.01
Fission Uranium 3,612,817 $0.80
Green Battery Minerals 3,599,649 $0.14
UEX Corporation 2,903,537 $0.28
The Metals Company 2,824,189 $1.47
NexGen Energy 2,772,251 $5.73
Kinross Gold 2,396,207 $6.33
B2Gold 2,340,992 $5.56
First Quantum Minerals 2,332,379 $33.02
Austin Gold 2,151,952 $2.96
IAMGOLD 2,092,885 $2.71
EARNINGS / PRODUCTION RESULTS
Wheaton Precious Metals Announces Solid Start To 2022
Cameco Reports First Quarter Results, Beginning to Benefit From Strategic Decisions
MP Materials Reports First Quarter 2022 Results
Nomad Royalty Company Reports Q1 Results And Declares Second Quarter 2022 Dividend
Lucara's Q1 2022 Revenue of $68.2 Million Reflective of a Strong Start to 2022
Cerrado Gold Reports Strong First Quarter Production Results from Its Minera Don Nicolas
# PROJECT ACQUISITIONS
Riverside Resources-BHP Exploration Agreement Adds Llano De Nogal Copper Project
McFarlane Lake Mining Acquires Mining Leases in Michaud and Munro Townships
Kestrel Gold Options Fireweed Project in British Columbia
Trailbreaker Resources Acquires the Connector Gold Property, Adjacent to the...
Roo Gold Acquires Additional Exploration Licence On Peel-Manning
# SAMPLING RESULTS
Visionary Gold Announces the Discovery of Two New Prospects and Samples 9.07% Copper
Altiplano Metals Defines Prospective 3.5 x 1.5 km Epithermal Alteration System
Search Minerals Announces Additional Channel Assay Results Expanding FOX MEADOW Rare
Canstar Resources Announces Till Results with up to 502 Gold Grains and Additional
Fabled Copper Reports on the Davis Keays Eagle Vein Area with 6 Additional Parallel
FEASIBILITY / PEA / MRE
Kuya Silver Announces Results of Independent Preliminary Economic Assessment
Blackrock Silver Announces Tonopah West Maiden Stope Optimized Resource Estimate; 2.9 Million
Jervois Global Releases BFS for Sao Miguel Paulista Refinery Restart
Osisko Metals Announces Maiden Resource at Gaspé Copper - Inferred Resource of 456Mt Grading
Metallic Minerals Defines 985 Million Pounds of Copper Equivalent in Inaugural NI 43-101
Great Panther Mining Announces Updated Mineral Reserve and Mineral Resource Estimates .
G2 Goldfields Announces Inferred Resource of 974,000 ounces Au (@ 9.25 g/t) and Indicated
Galiano Gold Reports Q1 2022 Financial And Operating Results
MERGERS / ACQUISITIONS
Sandstorm Gold Royalties Announces US$1.1 Billion Portfolio Transformation
Northern Superior Resources and Genesis Metals Announce Signing of Definitive Agreement
Elemental Royalties Board Continues to Recommend Rejection of Gold Royalty's Hostile
Josemaria Resources Securityholders Approve Acquisition by Lundin Mining
Robex Resources Announces a Business Combination With Sycamore Mining Targeting
$ FINANCINGS
PureGold Mining Announces $30 Million Non-Brokered Private Placement; Tony Makuch Joins
Galway Metals Announces Upsizing Of Previously Announced Bought Deal Private Placement .
Viva Gold Announces Closing of C$4.3 Million Private Placement Offering
Western Alaska Minerals Announces Completion of C$5 Million Non-Brokered Private Placement
Faraday Copper Closes Upsized C$20 Million Equity Offering
NEW / DUAL LISTINGS
Austin Gold Closes Initial Public Offering, Including Full Exercise of the Over-allotment
Regency Silver Completes Oversubscribed IPO and Announces Upcoming Drill Program at Dios
Usha Resources Begins Trading on the Frankfurt Stock Exchange as FSE:JO0
West African Gold Explorer & Developer, Sarama Resources, Lists on ASX, Raises A$8M
Ashley Gold Announces Completion of Initial Public Offering
BOARD / MANAGEMENT CHANGES
McEwen Mining Announces Senior Management Changes
Copper Mountain Mining Announces Executive Management Changes
Vizsla Silver Strengthens Technical Executive Team
First Quantum Minerals Announces Tristan Pascall as New Chief Executive Officer and Board
Nighthawk Gold Appoints New Vice President of Exploration and Announces its 2-Year Exploration
DRILL PERMITS / TARGETS
Zacatecas Silver Receives Permits for 30 Drill Pads at El Cristo
Grande Portage Resources Receives 2022 Drill Permits for Its Herbert Gold Project in S.E
Orex Minerals: Permit Received and Plans Underway for Diamond Drilling on the Sandra
MacDonald Mines Exploration Reports on GoldSpot Discoveries’ Findings at SPJ Project
Libero Copper & Gold Identifies 9 New Porphyry Targets Including Significant Expansion
$ STRATEGIC INVESTORS
Geomega Resources Closes $1M Equity Financing with Michael Gentile, CFA and Appoints him
Canex Metals Announces C$2.5 Million Equity Financing and Welcomes Strategic Investor
Luminex Resources Closes C$9M Private Placement led by Ross Beaty
Novo Resources Completes First Tranche of New Found Gold Sale for C$68.9 Million
Tectonic Metals Announces Strategic Investment by Crescat Capital as Part of a C$3 Million
..............................
Thanks for being with us tonight
Great to see you :)
..............................
Zillionaire Giustra earns his tinfoil hat and brings Kitco's Makori along for the ride
Submitted by admin on Thu, 2022-05-05 13:55 Section: Daily Dispatches
2p ET Thursday, May 5, 2022
Dear Friend of GATA and Gold:
Give that man a tinfoil hat!
Mining and movie entrepreneur and zillionaire Frank Giustra has gone full "conspiracy nut" in an interview today with Michelle Makori of Kitco News, surpassing his previous cautious assertions that the gold price is "managed" by central banks and saying now that the price is "outright manipulated."
Giustra tells Makori that "you're never going to find a smoking gun on this." But, if so, that's only because neither he nor Makori will ever visit GATA's documentation summary here:
https://gata.org/node/20925
After all, the summary just has too much documentation to sort through unless one aims to be sincere.
But better 20 years late than never, so let's take what we can get, especially since Giustra's enlistment in the tinfoil hat brigade has brought along Kitco, which long has striven to avoid mention of gold market manipulation and especially to avoid interviewing GATA Chairman Bill Murphy, despite GATA's many requests. Telling gold investors the truth -- that is, as Jim Rickards said in CNBC many years ago, "When you own gold you're fighting every central bank in the world" -- may be bad for the gold business until it decides to stand up for itself.
Kitco's interview with Giustra is headlined "Gold Price Is Manipulated by the Fed, Suspects Mining Tycoon Frank Giustra, But Suppression Can't Last Forever" and it can be found here:
https://www.kitco.com/news/2022-05-05/Gold-price-is-manipulated-by-the-Fed-suspects-mining-tycoon-Frank-Giustra-but-suppression-can-t-last-forever.html
................
Introducing the New Mobile Mining Unit
Thank you to all M+M contributors past and present
Hope everybody is having a Great Mothers Day Weekend
Today's Treats
Thought of the Day
Today’s thought…
May 06, 2022
"[Theorists who don't practice] are like eunuchs in a harem. They know everything about love, but they can't do anything about it."
----Harvard economist Alexander Gerschenkron in Nicholas Dawidoff, The Fly Swatter: How My Grandfather Made His Way in the World (Pantheon Books, New York, 2002), p. 244.
This Day in Financial History
Learn what happened in business in today’s past
May 06:
1991: After almost two years of clumsy pursuit, AT&T Corp. finally gets NCR Corp. to let AT&T take it over for $7.4 billion, or a mere $110 a share. "We believe," says AT&T Chairman Robert E. Allen, "that AT&T will bring resources to your business that will build significantly on your history of success and assure a strong future, creating a powerful American company with the technological and marketing strengths to compete in world markets over the long term." AT&T's takeover of NCR turns out to be one of the most disastrous blunders ever, as NCR's computer lines fall in popularity and the two corporate cultures clash like Serbs and Bosnians. AT&T ends up spinning off NCR in 1996, after losing $3.8 billion.
The Wall Street Journal, December 30, 1996, p. B1;http://www.att.com/press/0591/910506.chc.htmlhttp://www.att.com/press/0591/910506.chd.htmlhttp://www.ncr.com/history/history.htmhttp://www.att.com/press/0197/970101.cha.html
1986: Nearly six years after it closed above 200 for the first time, the NASDAQ Composite Index finally closes above 300, finishing the day at 301.64.
www.nasdaq.com
1929: Just in time to lure investors into the worst stock decline in modern history, the Luxembourg Stock Exchange opens for trading. As a special favor to his subjects, the Grand Duke of Luxembourg structures the stock exchange as a stock corporation owned 20% by members of the public.
Museum of American Financial History (www.financialhistory.org); The LGT Guide to World Equity Markets, 1997 (Euromoney Publications, London, 1997), p. 296.
1870: Amedeo Peter Giannini is born in San Jose, Calif. In San Francisco in 1904 he founds the Bank of Italy to serve the city's burgeoning working class. It later finances the Golden Gate Bridge in the depths of the Depression and lends David Selznick the money he needs to finish filming Gone With The Wind. Today, as Bank of America, it's one of the world's biggest financial-services firms.
http://www.pathfinder.com/time/time100/profile/giannini.html
This Night in Rock History
May 6
1978 - Bee Gees
The soundtrack to Saturday Night Fever started an 18 week run at No.1 on the UK album chart, also No.1 in the US. The album, which features seven Bee Gees songs, went on to sell over 30 million copies worldwide.
Bee Gees - Night Fever
Have a Wonderful weekend all and thanks
J:D
tags, Junior mining network,Gata dispatches,Jason Zweig,This Day in Music, Sandvik Mining and Rock Solutions,Jesse Cafe,Corporate Lesfm - Royalty Free / No Copyright Music,Mineral Technologies,beegees,Sarcalogos Christ the Word Made Flesh
.
.
.
.
.
.
. . . ......
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