Replies to post #2183 on Mining Sector Ideas

[gfp927z]

Bigworld, Nice bounce for Acurx today, on decent volume. No news that I saw, but the Form D was filed today for the recent direct offering. It appears most of the management are participating, and are ponying up some of their own dough. That part is encouraging (ie - 'skin in the game'), but having to raising money via this direct offering involves big fees --> over 10% in commissions and finders' fees. So an expensive way to raise money. Hopefully they can get a partnership deal done very soon since this small money raise won't last long.

Looking at the broader market, investors may be starting to get over their angst / apprehension, although it's still early. Fwiw, I'm still on the leery side, and used the recent bounce to reduce the stock allocation to 15% (from 17%). Also, to get the 'karma' right, I have the individual stock portion at 7%, so a lucky number :o) Being a nervous nellie, I figure little things like that might help, lol..



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[gfp927z]

Bigworld, It looks like the US oligarchy may be ditching their fabricated 'climate change' strategy (links below). Blackrock, most of the big banks, and now the Fed itself, are exiting the global structures that they had previously created. Their dream of using 'climate change' as the justification for controlling every aspect of life on the planet has run into a major obstacle --> the mega rival China-Russia-BRICS. Countries are flocking to BRICS in droves, and the US will now have to compete to get them back, or face the end of US world dominance. So the climate change BS is replaced with 'drill baby drill', nuclear power, etc.

It will be interesting to see if the US finally opens up those big Alaskan reserves (Gull Island) that Lindsey Williams wrote about in his book 'The Energy Non-Crisis'. That could be the US' ace in the hole that turns things around. The two reserves up there are reportedly each the size of the entire Saudi reserves.


>>> Federal Reserve withdraws from global regulatory climate change group <<<

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175683979


>>> Wall Street firms are ditching climate coalitions <<<

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175683994



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[gfp927z]

Bigworld, Look at this BS --> Donald the mega grifter. This is the guy we voted for??? I thought Biden and Pelosi were bad, but they were pikers compared to Crypto Don. First he starts his own social media company, which was OK since he was thrown off Twitter and Facebook. But a few days before inauguration he launches his own crypto scheme?? Pretty hard to have much respect for this guy, assuming these news reports are true.


>>> Donald Trump Launches $TRUMP Meme Coin—Token Hits $9 Billion Market Cap


by Ty Roush

Forbes

Jan 19, 2025


https://www.forbes.com/sites/tylerroush/2025/01/19/donald-trump-launches-trump-meme-coin-token-exceeds-12-billion-market-cap/


Topline A new meme coin launched by President-elect Donald Trump on Friday has a market capitalization of about $9 billion—after hitting a peak of over $15 billion early Sunday—marking Trump’s latest venture into cryptocurrency and merchandise sales in the lead-up to his inauguration.

Key Facts

Trump announced the launch of his meme coin, $TRUMP, in a Truth Social post late Friday, saying the cryptocurrency is celebrating “WINNING” the presidential election and his upcoming inauguration.

Shortly after launching, the price of $TRUMP rapidly rose by more than 300% by Saturday morning, and it kept rallying Saturday night and early Sunday morning—before paring back some of its gains later Sunday.

The digital asset hovered at just over $46 as of 5:25 p.m. EST Sunday, with a market cap of $9.36 billion, according to CoinMarketCap.

The asset—hosted on the Solana blockchain—briefly surpassed $75 early Sunday morning, bringing the total market cap of all tokens in circulation to a peak of $15 billion.

The meme coin’s developers have limited the supply of $TRUMP to 200 million coins at launch before expanding the overall supply to 1 billion over the next three years, according to the coin’s website.

The remaining 80% of tokens that have yet to be publicly released are owned by the Trump Organization affiliate CIC Digital LLC and Fight Fight Fight LLC, a company formed in Delaware on Jan. 7, according to state filings, and both companies will receive an undisclosed amount of revenue derived from trading activity.

The token’s website includes a disclaimer noting $TRUMP is “not intended to be, or the subject of” an investment opportunity nor a security of any type, and is “not political and has nothing to do with” any political campaign, political office or government agency.

Big Number

$36.15 billion. That’s the trading volume of $TRUMP in the 24 hours ending Sunday at 5:25 p.m.

Is Melania Coin Related?

Incoming First Lady Melania Trump also launched a crypto asset called $MELANIA on Sunday, and the president-elect retweeted her announcement. The meme coin is also based on the Solana blockchain.

Key Background

Trump, whose campaign was backed by several billionaires with ties to the cryptocurrency industry, has claimed he wanted the U.S. to become the “crypto capital of the planet.” His election victory sent bitcoin to several new record highs, eclipsing $100,000 within a month of Election Day. Roughly $1.8 trillion was added to the global crypto market’s aggregate market value in 2024, including $1 trillion since Election Day, according to CoinGecko.

What Crypto Policies Has Trump Proposed?

Trump has said he would use his executive powers to reduce regulatory burdens facing crypto firms, including the formation of a new crypto advisory council. The president-elect has reportedly planned to unveil an executive order declaring cryptocurrency a policy priority while advising government agencies to work with the industry. That order would also establish a bitcoin reserve, allowing the federal government to buy and sell the crypto. News of Trump’s plans for the crypto industry sent the price of bitcoin over $105,000 on Friday, the coin’s highest price in nearly a month.

Tangent

Trump’s meme coin is his latest merchandise push in recent years, adding to a line of perfumes and colognes and “Trump Watches” celebrating his election win. He launched a series of “Trump Watches” valued up to $100,000 in September, following the debut of $100 silver coins and 1,000 pairs of limited edition sneakers, $60 Trump-branded bibles and NFT cards. Most of the revenue Trump has received from his merchandise came from his NFTs, which reportedly earned him about $7.2 million in licensing fees. Trump’s latest line of signed and unsigned guitars sold out at $11,500 and $1,500 each, respectively, generating a combined $4.6 million in sales.

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