Month: October 2021

Tesla’s Strange Influence on the Markets

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	Image Credit: Steve Jurvetson (flickr)

Tesla’s Market Cap Versus Tesla’s Market Share and Risk to Investors

Elon Musk was surprised at the price increase of Tesla stock as his personal worth rose by $36 billion yesterday (October 25). Shares of Tesla (TSLA) jumped by 12.7% to $1,024.86. This equated to a market capitalization of $1.01 trillion. The trillion number has been thrown around loosely in recent months, but it remains an unfathomable amount.

Risk to Index Investors

Tesla now has a price-earnings (P/E) ratio of 332. The automotive industry P/E ratios generally fall between 10 to 30 depending on expected results. In the broader market, there are very few trillion-dollar companies.  They are the top five companies by market cap in the S&P 500, Apple, Microsoft, Google parent Alphabet, Amazon, and Tesla. In the aggregate, they are worth $9.3 trillion. That’s almost 23% of the benchmark S&P 500 US stock index’s total value. Add in Facebook, which is a bit short of a trillion and these six stocks have a 25% influence over the S&P 500 movement. The result is risk is not as diversified as some investors might prefer in an index of 500 stocks.

Automotive Company Valuations

In just one day Tesla’s share price move increased its market value by $115 billion. The main driver was news that it might sell $4.2 billion of rental cars to Hertz through 2022. The potential sale of 100,000 vehicles by Tesla, pales in comparison to the 2-3 million average rental car sales by other automakers most years.

Mathematically, the $115 billion notch up in value added the equivalent of Daimler+Nissan+ Renault to Tesla’s value. Does this make sense? Elon Musk thinks it’s “strange.” He tweeted yesterday suggesting that the company doesn’t have a demand shortage, instead production is what limits higher sales.

Source: Ross Gerber/Elon Musk
Tweets October 26, 2021

 

Automotive Market Share

Worldwide, Tesla’s sales have soared over the years from zero to well-below average for an automaker. So far in 2021, Tesla has delivered 627,000 cars globally for the year. Total deliveries are expected to be at most 900,000. From all other car companies, total worldwide deliveries of light passenger vehicles are estimated to be 75 million. If these numbers play out, this would put Tesla’s market share at 1.2%. 

The 1.2% market share contrasts sharply with its excess valuation.

Take-Away

Increasingly, the market value of a handful of corporations have had significant influence over market index weights and the perceived direction of value of many other companies also in the index. With recent bullish times, these companies have helped drive stock market gains. The overall value of these few stocks could have an outsized impact if any one of them disappoints the market.

Tesla’s P/E ratio of 332 is extremely high. It’s based on potential and expectations. Demand for the vehicles the car manufacturer produces is currently high and largely unfulfilled. Ramping up production to be tens of times more than it is currently would bring expectations and reality more aligned. This is the bet investors that are holding Tesla directly and even those invested in indexes like the S&P 500 and Nasdaq 100 are placing.

Paul Hoffman

Managing Editor, Channelchek

Suggested Reading:



How Much is a Trillion?

Will U.S. Car Companies be Handed Different EV Advantages?


Michael Burry’s Earlier Bet Against Tesla Has Been Closed Out

Deflation Not Inflation is Risk Says Cathie Wood

 

 

Sources:

https://www.actionnewsnow.com/content/national/575610322.html

https://twitter.com/elonmusk/status/1452727731452588041?s=20

https://wolfstreet.com/2021/10/25/tesla-rental-deal-is-propaganda-coup-for-hertzs-selling-shareholders-tesla-but-sales-to-rental-fleets-are-low-quality-sales-automakers-dont-tout/

https://wolfstreet.com/2021/10/26/teslas-market-cap-gigantic-v-next-10-automakers-v-teslas-global-market-share-minuscule/

https://www.flickr.com/photos/44124348109@N01/36083811822

 

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Release – Seanergy Maritime Announces New Sustainability-Linked Loan Facility and Signs the Call to Action for Shipping Decarbonization

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Seanergy Maritime Announces New Sustainability-Linked Loan Facility and Signs the Call to Action for Shipping Decarbonization

October 26, 2021 – Athens, Greece – Seanergy Maritime Holdings Corp. (“Seanergy” or the “Company”) (NASDAQ: SHIP) announced today that it has received a commitment letter from a leading European bank for a sustainability-linked loan facility to finance part of the acquisition cost of the M/V Worldship.

Moreover, Seanergy became a signatory to the Call to Action for Shipping Decarbonization (“Call to Action”), a global coalition of over 190 industry leaders and organizations representing the entire maritime value chain.

Financing of the M/V Worldship

Pursuant to the commitment letter, the sustainability-linked loan will be for an amount of $16.85 million and will amortize over a five-year term with a final balloon payment of $6.1 million at maturity. The interest rate will be 3.05% plus LIBOR per annum, which can be further improved based on certain emission reduction thresholds. The approval is subject to definitive documentation, which we expect to be completed within November 2021.

Call to Action for Shipping
Decarbonization

The Call to Action was developed by a task force convened by the Getting To Zero Coalition in September 2021 and will be delivered to world Governments in November 2021, in advance of the UN Climate Change Conference (“COP26”) in Glasgow. The signatories to this Call to Action firmly believe that an equitable decarbonization of the maritime supply chain by 2050 is both possible and necessary.

Stamatis Tsantanis, the Company’s
Chairman & Chief Executive Officer, stated:

“We are very pleased to announce another innovative financing for Seanergy which is consistent both with our conservative leverage approach, as well as our commitment to our sustainability objectives. The proceeds of this new loan will further enhance our strong liquidity position. At the same time, we are excited to actively participate along with global industry leaders in the Call to Action, a significant initiative aiming to contribute to our industry’s decarbonization targets.

Seanergy has long ago prioritized its ESG agenda and has implemented concrete actions and collaborations upon this matter. In this context, we are encouraging stakeholder engagement on all levels, including that of our financiers and governmental organizations, as means to support the common goal of a “greener” shipping.”

About Seanergy Maritime Holdings
Corp.

Seanergy Maritime Holdings Corp. is the only pure-play Capesize ship-owner publicly listed in the US. Seanergy provides marine dry bulk transportation services through a modern fleet of Capesize vessels. Upon delivery of the M/V Dukeship, the Company’s operating fleet will consist of 17 Capesize vessels with an average age of 11.5 years and aggregate cargo carrying capacity of approximately 3,011,083 dwt.

The Company is incorporated in the Marshall Islands and has executive offices in Glyfada, Greece. The Company’s common shares trade on the Nasdaq Capital Market under the symbol “SHIP”, its Class A warrants under “SHIPW” and its Class B warrants under “SHIPZ”.

Please visit our company website at: www.seanergymaritime.com.

Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events. Words such as “may”, “should”, “expects”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the Company’s operating or financial results; the Company’s liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations outside the United States; risks associated with the length and severity of the ongoing novel coronavirus (COVID-19) outbreak, including its effects on demand for dry bulk products and the transportation thereof; and other factors listed from time to time in the Company’s filings with the SEC, including its most recent annual report on Form 20-F. The Company’s filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

For further information please
contact:

Seanergy Investor Relations

Tel: +30 213 0181 522

E-mail: ir@seanergy.gr

 

Capital Link, Inc.

Paul Lampoutis

230 Park Avenue Suite 1536

New York, NY 10169

Tel: (212) 661-7566

E-mail: seanergy@capitallink.com

Great Bear Resources (GTBAF)(GBR:CA) – Metallurgical Tests Demonstrate High Gold Recoveries

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Tuesday, October 26, 2021

Great Bear Resources (GTBAF)(GBR:CA)
Metallurgical Tests Demonstrate High Gold Recoveries

Noble Capital Markets research on Great Bear Resources is published under ticker symbols GTBAF and GBR:CA. The price target for GTBAF is in USD and the price target for GBR:CA is in CAD. Research reports dated prior to August 26, 2021 may not follow these guidelines and could account for a variance in the price target. Great Bear Resources Ltd is a gold exploration company. It explores for mineral properties in the Red Lake District in Ontario, Canada. Its property portfolio includes Great Bear’s Red Lake Properties with the flagship Dixie project, Pakwash property, and Sobel property.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Preliminary metallurgical tests demonstrate strong gold recoveries. Great Bear Resources reported gold recovery test results from its flagship Dixie Project. Management selected what were expected to be the most difficult mineralized domains among the LP Fault from which to extract gold and reported high recoveries at all grades. Ten one-kilogram representative samples were analyzed from 10-to-13-meter-long core intervals and were processed through a standard 48-hour bottle roll test. Gold recoveries were within a range of 95.2% to 99.2%.

    Positive implications for development. Recoveries from the Dixie Limb and Hinge zones were similar using comparable grinding and cyanidation conventions, indicating mineralized material from all gold zones may be able to be…



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Will the ETF Carry Bitcoin Even Higher?

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	Image Credit: Antana (flickr)

Bitcoin: Why its Value Has Rocketed Once Again

Bitcoin’s journey into mainstream finance has reached another major milestone – and another record price. The cryptocurrency was trading at US$66,975 (£48,456) following the launch of an exchange-traded fund (ETF) in the US, which has dramatically increased Bitcoin’s exposure to investors.

The fund, which opened on October 19, allows investors to speculate on the future value of bitcoin – without actually owning it. It is the first time investors have been able to trade an asset related to bitcoin on the New York Stock Exchange, and was preceded by much media attention and hype in financial markets.

This article was republished with permission from  The
Conversation, a news site dedicated to sharing ideas from academic experts. It represents the research-based findings and thoughts of 
Andrew Urquhart, Professor of Finance & Financial Technology, ICMA Centre, Henley Business School, University of Reading.

It began trading at US$40 (£29) a share and finished the day up 5% with some US$570 million (£412 million) of assets, making it the second most heavily traded new ETF on record (the first was set up by BlackRock, the world’s biggest asset management company).

And the impact on the price of Bitcoin has been extraordinary. It soared past its all-time high of $64,895 to the new record of $66,975 and at the time of writing, was hovering around $65,000. This is a big change from mid-July 2021 when bitcoin hit a 2021 low of under $30,000, reflecting its huge volatility.

Many financial institutions have previously tried to get approval for bitcoin ETFs without success. Until now, the Securities and Exchange Commission (SEC) (the US government agency which protects investors) has been reluctant to approve any. This was partly due to the intense volatility of bitcoin, as well as broader concerns about the unregulated industry of cryptocurrencies.

But Gary Gensler, chairman of the SEC, said the commission would be more comfortable with “future-based” ETFs because they trade on a regulated market. This is a significant change of direction for the SEC which has happened since Gensler arrived at the helm in April 2021.

ETFs trade like any normal stock, are regulated, and anyone with a brokerage account can trade them. This new fund, named the ProShares Bitcoin Strategy ETF ($BITO), is the first to expose mainstream investors to the highs and lows of Bitcoin’s value, without them having to go through the complex process of purchasing the coins themselves.

Although US investors could already buy bitcoin futures directly from the regulated Chicago Mercantile Exchange and unregulated exchanges such as BitMEX (as well as bitcoin directly from unregulated exchanges), the launch of an ETF opens up the market to a wider variety of investors, including pension funds – and adds to the growing acceptance of bitcoin in the financial markets.

Some are still skeptical of bitcoin due to its link with criminal activity, although a recent report suggests this seems to be diminishing. And Jamie Dimon, the CEO of JP Morgan, claims bitcoin is “worthless” and that regulators will “regulate the hell out of it.” (Nevertheless, JP Morgan gave its wealth-management clients access to cryptocurrency funds in July 2021.)

 

Banking Blockbuster

Eric Balchunas, a senior analyst at Bloomberg, is not surprised by the price appreciation and described the ETF launch as “a blockbuster, smash, home run debut [which] brings a lot of legitimacy and eyeballs into the crypto space.”

But what impact will BITO have on the cryptocurrency space? As a new product it has already exposed more investors to the ups and downs of bitcoin’s value in a regulated market. Many of these are likely to have previously felt uncomfortable buying cryptocurrencies from unregulated exchanges and having to store the asset themselves.

Other investment funds with an interest in cryptocurrencies will no doubt be encouraged by BITO’s success, and keen to list ETFs of their own which are exposed to bitcoin and its rivals. Several other ETF providers are likely to launch their bitcoin ETFs in the days following ProShares’ debut, including Invesco, VanEck, Valkyrie and Galaxy Digital.

It is a development which is bound to make investing in cryptocurrencies easier and more common – and an important stepping-stone for their adoption into mainstream finance.

Suggested Reading:



Inflation Is Eating Your Lunch If You’re Doing This One Common Thing

What Does a Bitcoin ETF Do for Investors?





Imagine a Bitcoin ETF With No Underlying Bitcoin Assets

New Uses for Smart Glasses

 

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Release – Gray Announces Private Offering of Senior Notes

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Gray Announces Private Offering of Senior Notes

ATLANTA, Oct. 25, 2021 (GLOBE NEWSWIRE) — Gray
Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) announced today that a special purpose wholly owned subsidiary of Gray intends to offer up to $1,125 million aggregate principal amount of senior notes due 2031, subject to market conditions. The offering will be exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).

The notes are being offered to finance, together with cash on hand and anticipated borrowings under Gray’s senior credit facility, Gray’s pending merger with Meredith Corporation (“Meredith”), pursuant to which Gray will acquire Meredith’s local media group, immediately after and subject to Meredith’s spin-off of its national media group to the Meredith shareholders (the “Meredith Merger”), which was previously announced on May 3, 2021. If the Meredith Merger is consummated and certain other conditions are satisfied, the net proceeds from the offering will be released from escrow to fund the Meredith Merger, and Gray will become the obligor under the notes (the “Assumption”).

Following the Assumption, the notes will be guaranteed, jointly and severally, by each existing and future restricted subsidiary of Gray that guarantees Gray’s existing senior credit facility.

The notes and related guarantees will be offered only to qualified institutional buyers under Rule 144A of the Securities Act, and to non-U.S. persons in transactions outside the United States under Regulation S of the Securities Act. The notes have not been, and will not be, registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This notice is being issued pursuant to and in accordance with Rule 135c under the Act.

Cautionary Statements for Purposes
of the “Safe Harbor” Provisions of the Private Securities Litigation
Reform Act

This press release contains certain forward-looking statements that are based largely on Gray’s current expectations and reflect various estimates and assumptions by Gray. These statements are statements other than those of historical fact, and may be identified by words such as “estimates,” “expect,” “anticipate,” “will,” “implied,” “assume” and similar expressions. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results and achievements to differ materially from those expressed in such forward-looking statements. Such risks, trends and uncertainties, which in some instances are beyond Gray’s control, include Gray’s ability to complete its pending acquisition of Meredith Corporation’s local media group or other pending transactions on the terms and within the timeframe currently contemplated, any material regulatory or other unexpected requirements in connection therewith, and other future events. Gray is subject to additional risks and uncertainties described in Gray’s quarterly and annual reports filed with the Securities and Exchange Commission from time to time, including in the “Risk Factors,” and management’s discussion and analysis of financial condition and results of operations sections contained therein, which reports are made publicly available via its website, www.gray.tv. Any forward-looking statements in this communication should be evaluated in light of these important risk factors. This press release reflects management’s views as of the date hereof. Except to the extent required by applicable law, Gray undertakes no obligation to update or revise any information contained in this communication beyond the date hereof, whether as a result of new information, future events or otherwise.

Contact Data

 
www.gray.tv
Jim Ryan, Executive Vice President and Chief Financial Officer, 404-504-9828
Kevin P. Latek, Executive Vice President, Chief Legal and Development Officer, 404-266-8333

Release – Palladium One Recognized with the “Bernie Schnieders Discovery of the Year Award” Presented by NWOPA

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Palladium One Recognized with the “Bernie Schnieders Discovery of the Year Award” Presented by NWOPA

October 25, 2021 – Toronto, Ontario – Palladium One Mining Inc. (TSX-V: PDM, OTCQB: NKORF, FRA: 7N11) (the “Company” or “Palladium One”) is pleased to announce that the Company’s team has been awarded the 2020 “Bernie Schnieders Discovery of the Year Award” for the discovery of a high-grade copper-nickel zone at its 100% owned Tyko Copper-Nickel Project in Ontario, Canada.)

The award, presented by the Northwestern Ontario Prospectors Association (NWOPA), recognizes an exceptional discovery in Northwestern Ontario during the previous calendar year.

Smoke Lake was discovered in late November 2020 with the first hole of drill program returning up to 8.7% Ni_Eq over 3.8 Meters (6.6% Ni, 3.7% Cu, 0.09% Co, 0.67 g/t Pd, 0.81 g/t Pt, and 0.03 g/t Au) in hole TK-20-016, (see news release January 5, 2021)

Derrick Weyrauch, President and CEO of Palladium One said, “We would like to sincerely thank the NWOPA for receiving this honour and look forward to expanding on our exciting discovery at the Tyko property.

About Palladium One
Palladium One Mining Inc. is an exploration company targeting district scale, platinum-group-element (PGE)-copper nickel deposits in Finland and Canada. Its flagship project is the Läntinen Koillismaa or LK Project, a palladium dominant platinum group element-copper-nickel project in north-central Finland, ranked by the Fraser Institute as one of the world’s top countries for mineral exploration and development. Exploration at LK is focused on targeting disseminated sulfides along 38 kilometers of favorable basal contact and building on an established NI 43-101 open pit Mineral Resource.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO,
Director

For further information
contact: Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Neither the TSX Venture
Exchange nor its Market Regulator (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.

This press release includes
“forward-looking information” that is subject to a few assumptions,
risks and uncertainties, many of which are beyond the control of the Company.
Statements regarding listing of the Company’s common shares on the TSXV are
subject to all of the risks and uncertainties normally incident to such events.
Investors are cautioned that any such statements are not guarantees of future
events and that actual events or developments may differ materially from those
projected in the forward-looking statements. Such forward-looking statements
represent management’s best judgment based on information currently available.
Factors that could cause the actual results to differ materially from those in
forward-looking statements include regulatory actions and general business
conditions. Such forward-looking information reflects the Company’s views with
respect to future events and is subject to risks, uncertainties and
assumptions, including those set out in the Company’s annual information form
dated April 27, 2021 and filed under the Company’s profile on SEDAR at www.sedar.com.
The Company does not undertake to update forward?looking statements or forward?looking information, except as required by law. Investors are
cautioned that any such statements are not guarantees of future performance and
actual results or developments may differ materially from those projected in
the forward-looking statements.

Release – Schwazze Announces Participation at Noble Capital Markets Virtual Road Show Series – October 25, 2021

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Schwazze Announces Participation at Noble Capital Markets Virtual Road Show Series – October 25, 2021

DENVER, CO – Oct 8, 2021 – Schwazze, (OTCQX:SHWZ)
(“Schwazze” or the “Company”), is pleased to announce their participation in Noble Capital Markets’ Virtual Road Show Series, presented by Channelchek, scheduled for October 25, 2021 at 1:00 pm EDT.

The virtual road show will feature a corporate presentation from Schwazze CEO Justin Dye & CFO Nancy Huber, followed by a Q & A session proctored by Noble Senior Research Analyst Joe Gomes, featuring questions submitted by the audience.

The live broadcast of the virtual road show is scheduled for October 25, 2021, at 1PM EDT. Registration is free and open to all investors, at any level. Register Here.

Noble’s research, as well as news and advanced market data on Schwazze is available on Channelchek.

it will attend the Benzinga Cannabis Capital Conference at the Marriott Marquis in New York City on October 14th – 15th and MJBizCon 2021 at the Mandalay Bay in Las Vegas on October 20th – 22nd.

About
Schwazze

Schwazze (OTCQX: SHWZ) is building the premier vertically integrated cannabis company in Colorado and plans to take its operating system to other states where it can develop a differentiated leadership position. Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. The Company is committed to unlocking the full potential of the cannabis plant to improve the human condition. Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. The Company’s leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector. Schwazze is passionate about making a difference in our communities, promoting diversity and inclusion, and doing our part to incorporate climate-conscious best practices. Medicine Man Technologies, Inc. was Schwazze’s former operating trade name. The corporate entity continues to be named Medicine Man Technologies, Inc.

Schwazze derives its name from the pruning technique of a cannabis plant to enhance plant structure and promote healthy growth.

Forward-Looking
Statements

This press release contains “forward-looking statements.” Such statements may be preceded by the words “plan,” “will,” “may,”, “predicts,” or similar words. Forward-looking statements are not guarantees of future events or performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control and cannot be predicted or quantified. Consequently, actual events and results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; (v) difficulties in securing regulatory approval to market our products and product candidates; (vi) our ability to successfully execute our growth strategy in Colorado and outside the state, (vii) our ability to consummate the acquisition described in this press release or to identify and consummate future acquisitions that meet our criteria, (viii) our ability to successfully integrate acquired businesses and realize synergies therefrom, ({ix) the ongoing COVID-19 pandemic, (x) the timing and extent of governmental stimulus programs, and (xi) the uncertainty in the application of federal, state and local laws to our business, and any changes in such laws. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise except as required by law.

For further information, please contact:

Investors
Joanne Jobin
Investor Relations
Joanne.jobin@schwazze.com
647 964 0292

Media
Julie Suntrup, Schwazze
Vice President | Marketing & Merchandising
julie.suntrup@schwazze.com
303 371 0387

Release – ADM, Gevo Sign MoU to Produce up to 500M Gallons of Sustainable Aviation Fuel

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ADM, Gevo Sign MoU to Produce up to 500M Gallons of Sustainable Aviation Fuel

CHICAGO and ENGLEWOOD, Colo., Oct. 25, 2021 (GLOBE NEWSWIRE) — ADM (NYSE: ADM), a global leader in nutrition and agricultural origination and processing, and Gevo, Inc., (NASDAQ: GEVO), a pioneer in transforming renewable energy into low carbon, energy-dense liquid hydrocarbons, announced today that they have signed a memorandum of understanding (MoU) to support the production of sustainable aviation fuel (SAF) and other low carbon-footprint hydrocarbon fuels.

The MoU contemplates the production of both ethanol and isobutanol that would then be transformed into renewable low carbon-footprint hydrocarbons, including SAF, using Gevo’s processing technology and capabilities. About 900 million gallons of ethanol produced at ADM’s dry mills in Columbus, Nebraska, and Cedar Rapids, Iowa, as well as its Decatur, Illinois, complex, is expected to be processed utilizing this technology, resulting in approximately 500 million gallons of SAF and other renewable hydrocarbons. The isobutanol is expected to be produced at a proposed new facility in Decatur that would employ ADM’s carbon capture and sequestration capabilities.

“The potential conversion of 900 million gallons of ethanol – more than half of our production capacity – to serve growing demand for sustainable aviation fuel would represent a major step in the continued evolution of our Carbohydrate Solutions business to focus increasingly on new, high-growth opportunities,” said ADM Chairman and CEO Juan Luciano. “Carbohydrate Solutions is unlocking new value and meeting customer needs through the growth of our BioSolutions platform, with agreements like our LG Chem MoU; sustainable solutions supported by our carbon capture capabilities, like our net-zero carbon milling footprint in the U.S.; and the completion of our dry mill review, with the sale of our Peoria facility and this exciting collaboration with Gevo. Equally important, we’re continuing to live our purpose, with our entry into SAF representing another step in our strategic efforts to advance decarbonization and use our integrated value chain to deliver more sustainable, environmentally friendly products and services.”

“Our potential customer contract pipeline has grown to over 1 billion gallons,” said Gevo CEO Patrick Gruber, Ph.D. “By working with ADM, who already has committed to reducing their carbon footprint, we have the opportunity to accelerate scale. The technology to convert low carbon ethanol and isobutanol into SAF by Gevo is well developed and ready for world scale-commercialization. We look forward to working with ADM in the pursuit of Net-Zero fuels.”

Demand for SAF is expected to increase as major U.S. airlines, airports, shippers and the U.S. government have agreed to work together to advance the use of cleaner sustainable fuels. The U.S. and the EU have set goals that together would support almost 4 billion gallons of annual SAF production in 2030, and more than 45 billion by 2050.

The companies intend to work together to determine full commercialization plans and enter into definitive agreements enabling a timeline such that production of SAF can begin in the 2025-2026 timeframe.


Media Contacts

ADM

Jackie Anderson

media@adm.com

312-634-8484

Gevo, Inc.

Heather L. Manuel

IR@gevo.com

720-418-0085


About ADM

At ADM, we unlock the power of nature to provide access to nutrition worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, we give customers an edge in solving the nutritional challenges of today and tomorrow. We’re a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company. Our breadth, depth, insights, facilities and logistical expertise give us unparalleled capabilities to meet needs for food, beverages, health and wellness, and more. From the seed of the idea to the outcome of the solution, we enrich the quality of life the world over. Learn more at www.adm.com.


About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo also plans to take advantage of decarbonization via geological sequestration in the future. Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions.

Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com


Forward-Looking Statements Regarding ADM

Some of the above statements constitute forward-looking statements. ADM’s filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, ADM assumes no obligation to update any forward-looking statements.


Forward-Looking Statements Regarding Gevo, Inc.

Certain statements in this press release may constitute “forward-looking statements” regarding Gevo, Inc. (“Gevo”) within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, including, without limitation, statements related to the MOU, the demand for SAF and other hydrocarbon fuels contemplated by the MOU, whether Gevo and ADM will enter into legally binding, definitive agreements to effect the transactions contemplated by the MOU, Gevo’s potential customer contract pipeline, Net-Zero fuels, the gallons of SAF contemplated to be produced under the MOU, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.


Source: corporate release

 

Investor & Media Contact:

Gevo Inc.
345 Inverness Drive South, Building C Suite 310,
Englewood, CO 80112
Phone: +1 720-647-9605
Email: IR@gevo.com

Release – Great Bear Reports 95.2% to 99.2% Gold Recoveries in Preliminary LP Fault Metallurgical Tests

Posted on by Admin


Great Bear Reports 95.2% to 99.2% Gold Recoveries in Preliminary LP Fault Metallurgical Tests – Gold is Free Milling and Readily Soluble at All Grades

October 25, 2021
– Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the “Company” or “Great Bear”, TSX-V: GBR; OTCQX: GTBAF) today reported gold recovery test results from its 100% owned flagship Dixie Project, in the Red Lake district of Ontario.

Chris Taylor, President and CEO of Great Bear said, “We selected what were anticipated to be the ‘most difficult’ mineralized domains to extract gold from at the LP Fault, and are pleased to report very high gold recoveries at all grades.  This has strong positive implications for the future development potential of the Dixie project.  Similar very high gold recoveries from the Dixie Limb and Hinge zones using comparable grinding and cyanidation protocols indicates mineralized material
from all gold zones is likely amenable to processing through the same
extraction circuits.  Initial LP Fault cyanidation gold recovery tests confirm that non-refractory,
free gold dominates all low to high-grade domains tested to-date.  All Dixie gold zones have excellent potential for significant gravity circuit gold recoveries, which will be investigated in the next phase of metallurgical testing.”

Highlights of Gold
Recovery Results

Ten one kilogram representative samples were analyzed at Blue Coast Research Ltd. (“Blue Coast”) of Parksville, British Columbia (Table 1).  Samples were composited from 10 to 13 metre long core intervals and were processed through a standard 48 hour bottle roll procedure at 40% solids, using a 1.0 g/L sodium cyanide solution.

  • All tested combinations of
    grades, host rocks, sulphide content and alteration styles recovered a
    very high percentage of total gold, within a four percent range from 95.2%
    to 99.2%.      While high-grade gold samples recovered the highest percentage of total gold during cyanidation, sub-gram low-grade gold mineralization nonetheless achieved excellent recoveries of greater than 95 percent.  Table
    2     and Figure
    1    .
  • LP Fault gold mineralization is
    not refractory.      All samples, regardless of grade, were described as “free-milling”, indicating gold is not encapsulated in sulphide accessory minerals.  Free gold mineralization has repeatedly been observed and reported by Great Bear, including during petrographic/microscope analysis (see news release of September 22, 2020).

Table 1:  Metallurgical sample descriptions.

Test
ID

Grade
Range
(Au g/t)

Total
Weight (kg)

Core
length
(m)

Comments

CN21,22

0.50 – 1.0

19.62

12.30

Lower-grade
bulk tonnage halo, felsic volcanic with trace sphalerite, < 3% pyrite

CN19,20

1.3 – 1.6

19.86

10.10

Bulk
tonnage halo, felsic volcanic/metasediment, < 2% pyrite, trace arsenopyrite

CN17,18

4.1 – 4.2

21.26

10.65

Transitional mid-grade mineralization proximal to high-grade domains, felsic volcanic < 2.5% pyrite, trace sphalerite, < 1% arsenopyrite

CN13,14

9.2

21.46

13.00

High-grade
from the Auro2 domain which includes the highest observed accessory arsenopyrite content, felsic volcanic < 1% pyrite, trace pyrrhotite, 0.3 – 10% arsenopyrite

CN15,16

> 20.0

21.28

11.85

High-grade from the Auro2  domain, felsic volcanic.  Up to 10% arsenopyrite < 3% pyrite, trace sphalerite

 

Table 2: Gold recovery results from LP Fault composite samples.

Test
ID

Purpose

NaCN Conc (g/L)

% Solids

Primary Grind (p80, µm)

NaCN Consumption (kg/t)

48 hr Au Recovery (%)

Residue Grade (Au, g/t)

Calculated Head Grade (Au, g/t)

CN-13

Baseline

1

40

77

0.19

98.0

0.18

9.24

CN-14

Lead Nitrate

1

40

75

0.22

97.7

0.21

9.23

CN-15

Baseline

1

40

75

0.23

99.2

0.19

22.98

CN-16

Lead Nitrate

1

40

74

0.27

98.7

0.34

26.58

CN-17

Baseline

1

40

75

0.18

97.5

0.11

4.19

CN-18

Lead Nitrate

1

40

74

0.12

97.3

0.11

4.08

CN-19

Baseline

1

40

75

0.12

96.3

0.06

1.59

CN-20

Lead Nitrate

1

40

74

0.19

96.4

0.05

1.36

CN-21

Baseline

1

40

77

0.23

95.2

0.04

0.75

CN-22

Lead Nitrate

1

40

74

0.12

95.9

0.04

0.97

Figure 1: LP Fault zone gold recovery curves showing time-weighted gold recoveries.

 

Ongoing Metallurgical Testing
The samples reported here represent the most
mineralogically complex intervals drilled to date at the LP Fault and have higher accessory sulphide content than the zone’s average.  In most gold deposits, zones with higher sulphide content have lower gold recoveries than zones with lower sulphide content.

  • Accessory sulphide content had
    no measurable effect on gold recoveries    , confirming that gold is not present within sulphide mineral crystal structures.
  • Autoclave processing will not
    be required     for LP Fault mineralized material.

Additional gold recovery testing of low-sulphide material is now also
underway, which is expected to yield comparable high gold recoveries.

  • Great Bear management notes that current cyanidation gold recovery results are in line with the high reported operational gold recoveries at mines in the Red Lake district, which generally recover +90%.
  • Ongoing testing also includes “gold-only” LP Fault mineralization such as that observed within high-grade intervals in LP Fault discovery drill hole DNW-011 (see news release of May 28, 2019) where gold is observed without significant accessory sulphides in many samples.   In most gold deposits, gold-only mineralization yields the highest gold recoveries.

Gravity gold recovery circuits are important, low-cost components of many gold processing operations.  Due to the free gold character of all grade ranges of LP Fault mineralization, the mineralized material is expected
to be amenable to gravity-based gold separation.  Gravity amenability is currently being tested by Great Bear.

Results of ongoing metallurgical testing will be reported periodically as completed through 2022.

Gold recoveries from the
Hinge and Dixie Limb zones were originally disclosed by the Company on November 12, 2020 and January 27, 2021, and are provided in Table 3.
 

Table 3: Gold recoveries from the Dixie Limb and Hinge zones previously reported by Great Bear.

Test ID

Feed

Purpose

NaCN Conc (g/L)

% Solids

Primary Grind (p80, µm)

NaCN Cons (kg/t)

48 hr Au Recovery (%)

Residue Grade (Au, g/t)

Calculated Head Grade (Au, g/t)

CN-1

Hinge Zone Comp

Effect of Primary Grind

1.00

40.0

112

0.37

95.4

0.64

13.96

CN-2

Hinge Zone Comp

Effect of Primary Grind

1.00

40.0

74

0.43

97.2

0.39

13.94

CN-3

DL Argillite Comp

Effect of Primary Grind

1.00

40.0

138

1.10

92.9

0.72

10.07

CN-4

DL Argillite Comp

Effect of Primary Grind

1.00

40.0

77

4.47

88.3

1.27

10.89

CN-5

DL High Sulphide Comp

Effect of Primary Grind

1.00

40.0

121

1.11

93.1

0.62

8.99

CN-6

DL High Sulphide Comp

Effect of Primary Grind

1.00

40.0

74

1.91

96.1

0.35

8.92

CN-7

DL Argillite Comp

Effect of Lead Nitrate

1.00

40.0

78

1.66

97.0

0.31

10.37

CN-8

DL Argillite Comp

Effect of Lead Nitrate

1.00

40.0

76

1.43

97.4

0.29

11.06

CN-9

DL Argillite Comp

Effect of Cyanide Concentration

2.00

40.0

74

3.30

97.5

0.29

11.49

CN-10

DL Argillite Comp

Effect of Lead Nitrate / Pre-treatment

1.00

40.0

79

1.56

97.1

0.29

10.06

CN-11

DL High Sulphide Comp

Effect of Lead Nitrate

1.00

40.0

76

1.55

96.9

0.29

9.35

CN-12

DL High Sulphide Comp

Effect of Lead Nitrate / Pre-treatment

1.00

40.0

77

1.35

96.7

0.29

8.80

 

About the Dixie Project

The 100% owned flagship Dixie project boasts one of the largest recent gold discoveries in a Canadian mining jurisdiction.  Proximal to major infrastructure near the town of Red Lake, Ontario, the Dixie property comprises over 91.4 square kilometres of contiguous claims that extend over 22 kilometres with a paved highway and provincial power and natural gas lines.  The property also hosts a network of well-maintained logging roads which facilitate access.

The 23 high-grade domains discussed in this release are structurally and geologically distinctive from the surrounding lower grade, bulk tonnage style gold mineralization.  Together, they span a strike length of 4.2 kilometres and occur within larger stratigraphically controlled lower grade domains.  They are characterized by high degrees of strain and/or transposed quartz vein zones following two distinct structural fabrics and  transition from upper greenschist to lower amphibolite facies metamorphism.  Gold in the high-grade domains is generally observed as free gold, is often transposed into, and overgrows the dominant structural fabrics, and is higher-grade on average than the surrounding bulk tonnage gold zones.

To date, Great Bear has completed a total of 672 drill holes, identifying three high-grade gold discoveries.  The most significant discovery is the large-scale “LP Fault” zone, which comprises high-grade disseminated gold mineralization within broad moderate-to-lower-grade envelopes in felsic volcanic and sediment units.  LP Fault drilling has identified gold mineralization along 11 kilometres of strike length to date, and a detailed drill grid is being completed along approximately 4 kilometres of strike length.  The nearby “Hinge” and “Limb” gold zones are more characteristic of the renowned Red Lake mined deposits, comprising gold-bearing quartz veins and silica-sulphide replacement zones hosted by mafic volcanic units.  Over 80% of the Company’s drill holes into the LP Fault, Dixie Limb and Hinge zones contain visible gold mineralization.  Gold occurs mainly as free gold, neither bound to nor within sulphide minerals.

Great Bear adheres to industry-leading quality assurance / quality control (QA/QC) practices in data collection, analysis and disclosure, and detailed assays including all historical LP Fault drill hole data are available on the Company’s website at https://greatbearresources.ca/projects/overview/dixie-project-data/.

About Great Bear

Great Bear Resources Ltd. is a Vancouver-based gold exploration company focused on advancing its 100% owned Dixie project in Northwestern Ontario, Canada.  A significant exploration drill program is currently underway to define the mineralization within a large-scale, high-grade disseminated gold discovery made in 2019, the LP Fault.  Additional exploration drilling is also in progress to expand and infill nearby high-grade gold zones, as well as to test new regional targets.  The Company is currently in the process of compiling all historical data together with incoming assay results, with the goal of publishing an initial NI 43-101 compliant multi-million ounce mineral resource estimate for the Dixie project in early 2022. 

Great Bear is a committed partner to all stakeholders, with a long-term vision of sustainable exploration to advance the Dixie project in a manner that demonstrates good stewardship of land, operational excellence and accountability.

QA/QC and Core Sampling
Protocols

Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario.  Core samples from the program are cut in half, using a diamond cutting saw, and are sent to Activation Laboratories in Ontario, an accredited mineral analysis laboratory, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods.  Pulps from approximately 5% of the gold mineralized samples are submitted for check analysis to a second lab.  Selected samples are also chosen for duplicate assay from the coarse reject of the original sample.  Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay.  Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear’s quality control/quality assurance program (QAQC).  No QAQC issues were noted with the results reported herein. 

Qualified Person and NI
43-101 Disclosure

Mr. R. Bob Singh, P.Geo, VP Exploration, and Ms. Andrea Diakow P.Geo, VP Projects for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

Results for the metallurgical test program were provided and approved by Andrew Kelly, P.Eng., of Blue Coast Research Ltd., a Qualified Person for the purpose of National Instrument 43-101.
 

ON BEHALF OF THE BOARD

“Chris Taylor”

Chris Taylor, President and CEO

Investor Inquiries:
Ms. Jenni Piette,
Director, Sustainability and Stakeholder Relations
Tel: 604-646-8354
info@greatbearresources.ca
www.greatbearresources.ca

Cautionary note regarding forward-looking
statements

This release contains certain “forward looking statements” and
certain “forward-looking information” as defined under applicable Canadian and
U.S. securities laws. Forward-looking statements and information can generally
be identified by the use of forward-looking terminology such as “may”, “will”,
“should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”,
“plans” or similar terminology. The forward-looking information contained
herein is provided for the purpose of assisting readers in understanding
management’s current expectations and plans relating to the future. Readers are
cautioned that such information may not be appropriate for other purposes.

Forward-looking information are based on management of the
parties’ reasonable assumptions, estimates, expectations, analyses and
opinions, which are based on such management’s experience and perception of
trends, current conditions and expected developments, and other factors that
management believes are relevant and reasonable in the circumstances, but which
may prove to be incorrect.

Such factors, among other things, include: impacts arising from
the global disruption caused by the Covid-19 coronavirus outbreak, business
integration risks; fluctuations in general macroeconomic conditions; fluctuations
in securities markets; fluctuations in spot and forward prices of gold or
certain other commodities; change in national and local government,
legislation, taxation, controls, regulations and political or economic
developments; risks and hazards associated with the business of mineral
exploration, development and mining (including environmental hazards,
industrial accidents, unusual or unexpected formations pressures, cave-ins and
flooding); discrepancies between actual and estimated metallurgical recoveries;
inability to obtain adequate insurance to cover risks and hazards; the presence
of laws and regulations that may impose restrictions on mining; employee
relations; relationships with and claims by local communities and indigenous
populations; availability of increasing costs associated with mining inputs and
labour; the speculative nature of mineral exploration and development
(including the risks of obtaining necessary licenses, permits and approvals
from government authorities); and title to properties.

Great
Bear undertakes no obligation to update forward-looking information except as
required by applicable law. Such forward-looking information represents
management’s best judgment based on information currently available. No
forward-looking statement can be guaranteed and actual future results may vary
materially. Accordingly, readers are advised not to place undue reliance on
forward-looking statements or information.

QuickChek – October 25, 2021

Posted on by Admin



Great Bear Reports 95.2% to 99.2% Gold Recoveries in Preliminary LP Fault Metallurgical Tests

Great Bear Resources Ltd. today reported gold recovery test results from its 100% owned flagship Dixie Project, in the Red Lake district of Ontario.

Research, News & Market Data on Great Bear Resources
Watch a recent virtual road show with Great Bear



Gray Announces Private Offering of Senior Notes

Gray Television, Inc. announced today that a special purpose wholly owned subsidiary of Gray intends to offer up to $1,125 million aggregate principal amount of senior notes due 2031, subject to market conditions.

Research, News & Market Data on Gray Television


ADM, Gevo Sign MoU to Produce up to 500M Gallons of Sustainable Aviation Fuel

ADM (NYSE: ADM) and Gevo, Inc., (NASDAQ: GEVO) announced today that they have signed a memorandum of understanding (MoU) to support the production of sustainable aviation fuel (SAF) and other low carbon-footprint hydrocarbon fuels.

Research, News & Market Data on Gevo


Palladium One Recognized with the “Bernie Schnieders Discovery of the Year Award” Presented by NWOPA

Palladium One Mining Inc. announced today that the Company’s team has been awarded the 2020 “Bernie Schnieders Discovery of the Year Award” for the discovery of a high-grade copper-nickel zone at its 100% owned Tyko Copper-Nickel Project in Ontario, Canada.)

Research, News & Market Data on Palladium One
Watch a recent virtual road show with Palladium One



Schwazze Announces Participation at Noble Capital Markets Virtual Road Show Series – October 25, 2021

Schwazze announced their participation in Noble Capital Markets’ Virtual Road Show Series, presented by Channelchek, scheduled for October 25, 2021 at 1:00 pm EDT.

Research, News & Market Data on Schwazze
Watch a recent interview with Palladium One

 

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More Power to the Individual Investor

Posted on by Admin

Together, Self-Directed Investors own More Equities than Institutional – Will they Seize Control?

We’ve witnessed the influence Robinhood (HOOD) investors can have on the movement of stock prices. Its influence on corporate governance and stewardship so far has been minimal.  The tagline of Robinhood-owned Say Technologies is “No shareholder is too small.” This recently acquired unit helps bring a voice to retail investors that might not otherwise engage with management at shareholder meetings. The online platform allows self-directed investors, including activists, to engage the company they own shares in with much more ease than ever before.

 

Background

Historically, involvement with corporate management was left for big institutional investors that wield a lot of power by virtue of their voting the shares on behalf of the money they manage. This includes state pension funds, mutual funds, asset managers, and insurance companies. As with most everything else related to the financial markets, technology is causing a new trend. The change in direction is toward more involvement by individual investors and small financial advisors.

Robinhood (HOOD) acquired Say Technologies in August. They are a shareholder engagement platform that simplifies the proxy voting process for investors and helps owners communicate with the CEOs and leadership teams of the companies in which they’ve invested.

Some of the decisions proxy votes provide shareholders a “say” in is executive compensation, the makeup of the board of directors, and an array of environmental, social, and governance dictates. A low percentage of individual investors in the past put their votes to use. According to a Harvard study, on average, individual shareholders vote on just 32% of their shares, compared with an 80% participation rate among all shareholders. Individual households own 39.1% of U.S. equities. This is larger than any other single segment. If individuals better understood the process and the issues, they would likely use their vote. The outcomes may be forever changed.

Indications are the “sleeping giant” individual shareholders are beginning to understand a little more and their impact may soon be felt.

 

 

Bringing Households Closer to Their Votes

It’s more important than ever for management to understand the concerns of individuals. They directly hold more equities than any other group. What Robinhood’s Say provides is a resource for shareholders to ask questions of executives at quarterly earnings calls and annual meetings.

The unique setup on Say allows shareholders to type in questions for management. Then the Say users vote on which questions will be presented to the company executives. So, on an earnings call, the questions with the most votes get asked. Even if the question was written by a holder of only one share!

As an example, at Telsa’s (TSLA) second-quarter earnings call, there were. The three most popular were answered by CEO Elon Musk and other executives. 

 

Take-Away

Individual investors are using technology to work in conjunction with each other to have a greater collective impact. The playing field between the many small investors and the few large ones is being leveled. We’ve seen this growing empowerment before with the adoption of cost-free trading, and no-cost
equity research websites, and the once exclusive corporate roadshows are now online virtual roadshows complete with question and answer periods that anyone interested can participate in. Even the often-maligned social media discussions are empowering.

The question now is will smaller investors on Robinhood’s Say Technologies let their voice be heard? Or, will they ignore the power they actually possess? It is worth watching as it could be more influential in corporate direction than any other investing technological advancement.

 

Paul Hoffman

Managing Editor, Channelchek

Suggested Reading:



SPAC Supply Provides Rare Opportunity

SPACs, Equity Research, and Bowling


How Rising Rates Could Make Brokers Like Robinhood More Profitable

Can Small Investors Compete With Wall Street?

 

 

Sources:

https://blog.robinhood.com/news/2021/8/10/say-technologies-is-joining-robinhood https://corpgov.law.harvard.edu/2019/11/19/retail-shareholder-participation/

https://www.barrons.com/articles/robinhoods-has-created-a-new-online-proxy-platform-for-individual-investors-51634912806

https://www.morningstar.com/articles/1060879/robinhood-enters-the-realm-of-proxy-voting

 

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Release – Esports Entertainment Group Partners with NetEase to Become Official Tournament and Broadcast Provider of Naraka: Bladepoint

Posted on by Admin

 


Esports Entertainment Group Partners with NetEase to Become Official Tournament and Broadcast Provider of Naraka: Bladepoint

Newark, New Jersey–(Newsfile Corp. – October 22, 2021) – Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW) (or the “Company”) and their EGL brand have signed a partnership with NetEase (NASDAQ: NTES) to become their official North American tournament and broadcasting provider for Naraka: Bladepoint, running the entirety of the Morus Cups Seasons One, Two, and Three, which take place between September and November 2021. The Company will run the tournaments as well as produce the broadcasts to cover it all. This partnership is another six-figure source of revenue for the Company.

The partnership’s promotion began at the end of August with the Asura Showmatch, with players getting an opportunity to go up against some of the world’s most popular streamers. The event drew over 85,000 viewers.

“Nakara: Bladepoint has already taken the gaming world by storm, and we are hoping that in working with NetEase, we can build a fun, competitive and sustainable esport ecosystem,” said Glen Elliott, General Manager of EGL. “It’s a pleasure working with such a global giant like NetEase on launching their esport activation around its new exciting game, Nakara: Bladepoint.”

Each of the three seasons of the Morus Cup will be narrowed down through three stages with each having a distinct prize pool of $20,000, including a qualification into the December Grand Finals that has a $100,000 reward. The Grand Finals will be broadcasted live in studio.

“We couldn’t be more thrilled to partner with Esports Entertainment Group and EGL to bring an amazing gaming experience to our Naraka: Bladepoint players,” said Archer Wang, Marketing Executive of NetEase’s 24 Entertainment. “With the success of August’s showmatch, we are more than confident in Esports Entertainment Group’s ability to create a top notch event for both our competitors and viewers.”

The Morus Cup kicked off on September 4 and Nakara: Bladepoint looks to be one of the battle royale genre’s hottest new entries. Nakara: Bladepoint has recently been nominated for a Golden Joystick Award in the category of Best Multiplayer Game.

About Esports Entertainment Group

Esports Entertainment Group is a full stack esports and online gambling company fueled by the growth of video-gaming and the ascendance of esports with new generations. Our mission is to help connect the world at large with the future of sports entertainment in unique and enriching ways that bring fans and gamers together. Esports Entertainment Group and its affiliates are well-poised to help fans and players to stay connected and involved with their favorite esports. From traditional sports partnerships with professional NFL/NHL/NBA/FIFA teams, community-focused tournaments in a wide range of esports, and boots-on-the-ground LAN cafes, EEG has influence over the full-spectrum of esports and gaming at all levels. The Company maintains offices in New Jersey, the UK and Malta. For more information visit www.esportsentertainmentgroup.com.

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

Contact:

U.S. Investor Relations
RedChip Companies, Inc.
Dave Gentry
407-491-4498

dave@redchip.com

Media Inquiries
brandon.apter@esportsentertainmentgroup.com

Investor Relations Inquiries
Jeff@esportsentertainmentgroup.com

Inflation is No Baloney

Posted on by Admin

Inflation Is Eating Your Lunch If You’re Doing This One Common Thing

Nearly all savings accounts at U.S. banks are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000, but beyond that, it makes less and less sense for savers and investors to use them. Households that continue to keep a significant portion of their wealth in the bank should be aware that inflation is eating their lunch at a rate I’ve personally never seen.

This article was republished with permission
from Frank Talk, a CEO Blog by Frank Holmes of U.S. Global Investors (GROW). Find more of Frank’s articles here – Originally published October 21, 2021

 

Take a look at the chart below, which comes from JPMorgan’s September quarter Guide to the Markets report. In particular, I want you to look at the bars, which represent average annual income earned on $100,000 in a savings account. The blue lines, meanwhile, represent the income that’s needed to beat inflation.

In the 1990s, households generally did well by using savings accounts. Inflation rarely ran above 2% year-over-year, and interest rates were above 5%.

Ever since the financial crisis, though, savings income hasn’t kept pace with inflation. The Federal Reserve slashed rates to near 0%, where they’ve more or less remained. Savers fell underwater.

But then 2021 happened. Due in large part to massive global supply chain disruptions, inflation has jumped to levels unseen in decades. (And this doesn’t even take into consideration so-called shadow inflation.)

As a result, the spread between the average income generated in a savings account and the income needed to beat inflation has never been wider. We’re talking about a difference of $3,907, based on a savings account holding $100,000. What could have been a mortgage payment, a weekend vacation or down payment on a new car instead went poof due to the invisible tax known as inflation.

 

Tax-Efficient Investing Should Also Take Inflation into
Consideration

Most savvy investors are familiar with tax efficiency. They may structure their investments and use certain instruments, including tax-free municipal bonds, to pay the least amount of taxes allowable.

Inflation is a hidden tax that I don’t think enough people account for. They feel the pain at the pump and grocery store, but seldom do they see it with their wealth. If they did, the personal saving rate for the U.S. wouldn’t be as high as it is right now. Although it’s fallen from all-time highs, the share of disposable personal income (DPI) that’s still sitting in bank accounts remains elevated.

But as Warren Buffett famously said, “If you don’t find a way to make money while you sleep, you will work until you die.” (Leave aside for a moment the fact that Buffett, at age 91, is still working fulltime as CEO of Berkshire Hathaway.)

Diversify with Alternative Investments,
Including Gold and Bitcoin

Many investors diversify using a number of alternative assets, including art and real estate, but my favorite ways include gold and Bitcoin.

Right now, gold is extremely unloved. The metal is down some 6.5% for the 12-month period and down more than 14% from its all-time high set in August 2020. I believe this makes it the ultimate contrarian investment. What’s more, a number of gold mining stocks look very attractive right now, with many of them generating remarkably higher free cash flow yields than the industry as a whole and the S&P 500.

As you can see, there are quite a few companies that have very strong cash positions at a time when investor sentiment for gold miners is very low. Again, when sentiment has been this low, returns have historically been attractive six months later. The companies above, I think, would be a good place for investors to start hunting for opportunities in anticipation of the next bull run. We invest in several of the names here at U.S. Global Investors.

And then there’s Bitcoin. The crypto is up more than 430% for the 12-month period, having receded from its record high of nearly $67,000. Inflation has certainly been a demand driver, as has this week’s launch of the first U.S.-based Bitcoin-linked ETF, the ProShares Bitcoin Strategy ETF, ticker BITO, which now holds the record for reaching $1 billion in assets in the fewest days, according to Bloomberg’s Eric Balchunas. (Appropriately enough, the former recordholder was State Street’s SPDR Gold Shares ETF (GLD), which made its debut way back in 2004.)

Clearly BITO has found a market, but keep in mind that it does not invest in Bitcoin directly; instead, it holds Bitcoin futures contracts, which some investors may not prefer. A spot Bitcoin ETF is not available at the moment, but it probably won’t take long for one or more to be issued.

And don’t forget about listed crypto miners. I’m obviously biased, but 
HIVE
Blockchain Technologies (Nasdaq: HIVE) is the only one that mines both Bitcoin and Ether on an institutional scale, and the first to use 100% green renewable energy sourced in Iceland, Sweden and Canada.

Today HIVE announced that it would be purchasing 6,500 next-generation Bitcoin miners, which will have an aggregate hash power of 585 Petahash per second (PH/s). These machines, when fully installed, are estimated to generate an additional 3.7 Bitcoin per day, or the equivalent to an additional $250,000, or $7.5 million in monthly run rate income. 

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Suggested Reading:



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US Global Investors Disclaimer

The NYSE Arca Gold Miners Index is a modified market capitalization weighted index comprised of publicly traded companies involved primarily in the mining for gold and silver. The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies. Free cash flow (FCF) represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Frank Holmes has been appointed non-executive chairman of the Board of Directors of HIVE Blockchain Technologies. Both Mr. Holmes and U.S. Global Investors own shares of HIVE. Effective 8/31/2018, Frank Holmes serves as the interim executive chairman of HIVE.

Holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the article were held by one or more accounts managed by U.S. Global Investors as of (09/30/2021): Torex Gold Resources Inc., Centerra Gold Inc., Gran Colombia Gold Corp., Dundee Precious Metals Inc., Pretium Resources Inc., Endeavour Mining PLC, Barrick Gold Corp., Eldorado Gold Corp., SSR Mining Inc., Silver Lake Resources Ltd., Karora Resources Inc.

All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link(s) above, you will be directed to a third-party website(s). U.S. Global Investors does not endorse all information supplied by this/these website(s) and is not responsible for its/their content.

 

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