Never bet against the wallstre

2022-03-20

Never bet against the wallstreetbets' community; they create the hype, the global hedge funds go in big to join in the fray, and short leverages with weak hands get burnt. FYI: Blackrock and Fidelity made off with huge gains from the AMC short squeeze saga - they have eyes combing reddit for mega-gains opportunities.

Why the Heck Is AMC Entertainment Buying a Gold and Silver Mine?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

BurnellStella
2022-03-20
BurnellStella
Wall Street only makes profits from retail investors.
- BurnellStellaReplyThinkOrSwim:
  Although I don't like Wall Street, I still admire their strength.
- ThinkOrSwim:
  Big names on Wall street also makes money by targetting garage hedge funds that out perform them - cos it makes these big establishments look bad.
CharlesBaker
2022-03-20
CharlesBaker
Wall Street controls too much. We can't let them control everything.
HilaryWilde
2022-03-20
HilaryWilde
Hedge funds broke the old rules of the stock market.
Jim1995
2022-03-21
Jim1995
NEVER want to make money form wallstreet.
MR_Wu
2022-03-20
MR_Wu
You are right, financial markets are so brutal.

Leave a comment

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FYI: Blackrock and Fidelity made off with huge gains from the AMC short squeeze saga - they have eyes&nbsp;combing reddit for mega-gains opportunities.</body></html>","htmlText":"<html><head></head><body>Never bet against the wallstreetbets' community; they create the hype, the global hedge funds go in big to join in the fray, and&nbsp;short leverages with weak hands&nbsp;get burnt. FYI: Blackrock and Fidelity made off with huge gains from the AMC short squeeze saga - they have eyes&nbsp;combing reddit for mega-gains opportunities.</body></html>","text":"Never bet against the wallstreetbets' community; they create the hype, the global hedge funds go in big to join in the fray, and short leverages with weak hands get burnt. FYI: Blackrock and Fidelity made off with huge gains from the AMC short squeeze saga - they have eyes combing reddit for mega-gains opportunities.","highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9034945765","repostId":1195743790,"repostType":2,"repost":{"id":"1195743790","pubTimestamp":1647657923,"share":"https://www.laohu8.com/m/news/1195743790?lang=&edition=full","pubTime":"2022-03-19 10:45","market":"us","language":"en","title":"Why the Heck Is AMC Entertainment Buying a Gold and Silver Mine?","url":"https://stock-news.laohu8.com/highlight/detail?id=1195743790","media":"Motley Fool","summary":"The theater-chain operator is looking to diversify and help other distressed businesses.","content":"<html><head></head><body>KEY POINTS<ul><li>AMC will take a 22% stake in defunct gold and silver miner Hycroft in exchange for $28 million.</li><li>The miner shut down mining operations last November and laid off half its staff.</li><li>Hycroft has yet to perform the necessary studies needed to launch the next stage of its operations.</li></ul>Nothing says you&#39;re serious about turning around your movie theater business than investing in a defunct gold and silver miner, or so AMC Entertainment would have you believe.The theater owner shocked everyone by announcing it had invested $27.9 million in Hycroft Mining in exchange for a 22% stake in the company. At the same time, metals investor Eric Sprott invested a similar amount into Hycroft.CEO Adam Aron said AMC&#39;s own near-death experience has made it willing and able to help other businesses also knocking at death&#39;s door.<blockquote>In recent years, however, AMC Entertainment has had enormous success and demonstrated expertise in guiding a company with otherwise valuable assets through a time of severe liquidity challenge, the raising of capital, and strengthening of balance sheets, as well as communicating with individual retail investors. It is all that experience and skill that we bring to the table to assist the talented mining professionals at Hycroft.</blockquote>However, investors should be even more wary of investing in AMC than they were before.<img src=\"https://static.tigerbbs.com/8b91324299e2d93c69b03bc2d25d8525\" tg-width=\"2000\" tg-height=\"1330\" width=\"100%\" height=\"auto\"/>Image source: Getty Images.In the pitsAMC is not healthy. Despite having established significant liquidity by using its meme stock popularity to raise cash, the movie industry has not recovered. There are fewer movies planned for release in 2022, and that will result in even lower theater attendance than was the case even before the pandemic. So taking resources away from bolstering the business is more than just surprising.More so because Hycroft Mining is not an active miner. It ceased operations at its only mine in Nevada last November, saying it wanted to switch to building a mill to process gold and silver sulfide ore.The problem is, Hycroft hasn&#39;t even done a feasibility study on whether the method Hycroft wants to use to process the ore will even work or is economically feasible. It says its previous plan for using a novel two-stage sulfide heap oxidation and leach process is not economical at current metal prices, so it will instead consider using an alternative process, though it&#39;s not yet proven it can be workable at a commercial scale.AMC, however, says third-party analyses confirm Hycroft has &#34;rock-solid assets,&#34; with 15 million ounces of gold deposits and around 600 million ounces of silver deposits at its Nevada mine.Hoping something sticksInvesting $28 million in a defunct gold miner when you have $1.8 billion sitting in the bank is in itself not much of an issue. Even if the whole enterprise goes belly up, it&#39;s not going to severely affect the company, and if it&#39;s successful, it may make some money on the deal. So why not, right?The problem arises from the mindset behind such an investment. The scattershot approach to trying something --anything!-- to get some kind of a return that&#39;s completely unrelated to your core competency indicates your actual business is not worth investing in.Buying a business in which you have no knowledge or understanding of the industry, only that it looks kind of similar to the situation you found yourself in, is hardly the way to be using shareholder resources.Aron has indicated he wants to think outside the box when it comes to reviving AMC, and not all of the options involve movies per se.For example, Aron recently revealed six strategies he saw AMC undertaking that included developing non-fungible tokens, or NFTs, and selling popcorn in retail stores. He did say he wanted to make more acquisitions, but I suspect most people thought he meant in line with the theater chain acquisitions he previously made. Buying a gold and silver miner was probably not on anyone&#39;s bingo card.Suspicious trading activityThe investment is likely to get SEC scrutiny too. CNBC reports there was highly unusual trading occurring in the days just preceding the announcement of the investment.It says analysis of FactSet data shows the 90-day average trading volume of Hycroft stock was around 355,000 shares prior to the news, but the day before, it spiked to 58.6 million shares, bringing the 90-day average up to 10.5 million shares.Indeed, last Friday, trading surged to 340 million shares, or five times greater than Hycroft&#39;s outstanding share count, and its stock rocketed from $0.30 a share to $1.40 the day before AMC announced its investment, a better than four-fold increase in price.Fool&#39;s goldInvesting legend Peter Lynch had a word for when companies go far afield like this: &#34;de-worsi-fication.&#34;In a bid to engage in a bit of empire building, CEOs graft wildly unrelated businesses onto their operations, ones that do nothing to strengthen the primary company -- and they tend to end badly.There was a lot to make investors cautious about taking a stake in AMC Entertainment before this. Now that the movie theater stock is getting into gold and silver mining, they should stay far away.</body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why the Heck Is AMC Entertainment Buying a Gold and Silver Mine?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy the Heck Is AMC Entertainment Buying a Gold and Silver Mine?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-19 10:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/03/18/why-the-heck-is-amc-entertainment-buying-a-gold-an/>Motley Fool</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nKEY POINTSAMC will take a 22% stake in defunct gold and silver miner Hycroft in exchange for $28 million.The miner shut down mining operations last November and laid off half its staff.Hycroft has yet...\n\n<a href=\"https://www.fool.com/investing/2022/03/18/why-the-heck-is-amc-entertainment-buying-a-gold-an/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","HYMC":"Hycroft Mining Holding Corporation"},"source_url":"https://www.fool.com/investing/2022/03/18/why-the-heck-is-amc-entertainment-buying-a-gold-an/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195743790","content_text":"KEY POINTSAMC will take a 22% stake in defunct gold and silver miner Hycroft in exchange for $28 million.The miner shut down mining operations last November and laid off half its staff.Hycroft has yet to perform the necessary studies needed to launch the next stage of its operations.Nothing says you're serious about turning around your movie theater business than investing in a defunct gold and silver miner, or so AMC Entertainment would have you believe.The theater owner shocked everyone by announcing it had invested $27.9 million in Hycroft Mining in exchange for a 22% stake in the company. At the same time, metals investor Eric Sprott invested a similar amount into Hycroft.CEO Adam Aron said AMC's own near-death experience has made it willing and able to help other businesses also knocking at death's door.In recent years, however, AMC Entertainment has had enormous success and demonstrated expertise in guiding a company with otherwise valuable assets through a time of severe liquidity challenge, the raising of capital, and strengthening of balance sheets, as well as communicating with individual retail investors. It is all that experience and skill that we bring to the table to assist the talented mining professionals at Hycroft.However, investors should be even more wary of investing in AMC than they were before.Image source: Getty Images.In the pitsAMC is not healthy. Despite having established significant liquidity by using its meme stock popularity to raise cash, the movie industry has not recovered. There are fewer movies planned for release in 2022, and that will result in even lower theater attendance than was the case even before the pandemic. So taking resources away from bolstering the business is more than just surprising.More so because Hycroft Mining is not an active miner. It ceased operations at its only mine in Nevada last November, saying it wanted to switch to building a mill to process gold and silver sulfide ore.The problem is, Hycroft hasn't even done a feasibility study on whether the method Hycroft wants to use to process the ore will even work or is economically feasible. It says its previous plan for using a novel two-stage sulfide heap oxidation and leach process is not economical at current metal prices, so it will instead consider using an alternative process, though it's not yet proven it can be workable at a commercial scale.AMC, however, says third-party analyses confirm Hycroft has \"rock-solid assets,\" with 15 million ounces of gold deposits and around 600 million ounces of silver deposits at its Nevada mine.Hoping something sticksInvesting $28 million in a defunct gold miner when you have $1.8 billion sitting in the bank is in itself not much of an issue. Even if the whole enterprise goes belly up, it's not going to severely affect the company, and if it's successful, it may make some money on the deal. So why not, right?The problem arises from the mindset behind such an investment. The scattershot approach to trying something --anything!-- to get some kind of a return that's completely unrelated to your core competency indicates your actual business is not worth investing in.Buying a business in which you have no knowledge or understanding of the industry, only that it looks kind of similar to the situation you found yourself in, is hardly the way to be using shareholder resources.Aron has indicated he wants to think outside the box when it comes to reviving AMC, and not all of the options involve movies per se.For example, Aron recently revealed six strategies he saw AMC undertaking that included developing non-fungible tokens, or NFTs, and selling popcorn in retail stores. He did say he wanted to make more acquisitions, but I suspect most people thought he meant in line with the theater chain acquisitions he previously made. Buying a gold and silver miner was probably not on anyone's bingo card.Suspicious trading activityThe investment is likely to get SEC scrutiny too. CNBC reports there was highly unusual trading occurring in the days just preceding the announcement of the investment.It says analysis of FactSet data shows the 90-day average trading volume of Hycroft stock was around 355,000 shares prior to the news, but the day before, it spiked to 58.6 million shares, bringing the 90-day average up to 10.5 million shares.Indeed, last Friday, trading surged to 340 million shares, or five times greater than Hycroft's outstanding share count, and its stock rocketed from $0.30 a share to $1.40 the day before AMC announced its investment, a better than four-fold increase in price.Fool's goldInvesting legend Peter Lynch had a word for when companies go far afield like this: \"de-worsi-fication.\"In a bid to engage in a bit of empire building, CEOs graft wildly unrelated businesses onto their operations, ones that do nothing to strengthen the primary company -- and they tend to end badly.There was a lot to make investors cautious about taking a stake in AMC Entertainment before this. Now that the movie theater stock is getting into gold and silver mining, they should stay far away.","news_type":1},"isVote":1,"tweetType":1,"viewCount":95,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":265,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":100892510,"commentId":"100892510","gmtCreate":1647775044655,"gmtModify":1663245423343,"authorId":9000000000000665,"author":{"id":9000000000000665,"idStr":"9000000000000665","authorId":9000000000000665,"name":"BurnellStella","avatar":"https://static.tigerbbs.com/2c065267febaa7f90a2c347c9360e4b1","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9034945765,"objectIdStr":"9034945765","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Wall Street only makes profits from retail investors.","text":"Wall Street only makes profits from retail investors.","html":"Wall Street only makes profits from retail investors.","likeSize":0,"commentSize":2,"subComments":[{"id":100893871,"commentId":"100893871","gmtCreate":1647788641067,"gmtModify":1663245429126,"authorId":9000000000000665,"author":{"id":9000000000000665,"idStr":"9000000000000665","authorId":9000000000000665,"name":"BurnellStella","avatar":"https://static.tigerbbs.com/2c065267febaa7f90a2c347c9360e4b1","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":4107161170881400,"repliedAuthor":{"id":4107161170881400,"idStr":"4107161170881400","authorId":4107161170881400,"name":"ThinkOrSwim","avatar":"https://static.itradeup.com/news/456b9d740a0500cd2e7af1a1332c61de","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":9034945765,"objectIdStr":"9034945765","type":1,"supId":100892510,"supIdStr":"100892510","prevId":100892579,"prevIdStr":"100892579","content":"Although I don't like Wall Street, I still admire their strength.","text":"Although I don't like Wall Street, I still admire their strength.","html":"Although I don't like Wall Street, I still admire their strength."},{"id":100892579,"commentId":"100892579","gmtCreate":1647775799223,"gmtModify":1663245421050,"authorId":4107161170881400,"author":{"id":4107161170881400,"idStr":"4107161170881400","authorId":4107161170881400,"name":"ThinkOrSwim","avatar":"https://static.itradeup.com/news/456b9d740a0500cd2e7af1a1332c61de","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9034945765,"objectIdStr":"9034945765","type":1,"supId":100892510,"supIdStr":"100892510","prevId":0,"prevIdStr":"0","content":"Big names on Wall street also makes money by targetting garage hedge funds that out perform them - cos it makes these big establishments look bad.","text":"Big names on Wall street also makes money by targetting garage hedge funds that out perform them - cos it makes these big establishments look bad.","html":"Big names on Wall street also makes money by targetting garage hedge funds that out perform them - cos it makes these big establishments look bad."}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":100892622,"commentId":"100892622","gmtCreate":1647776270764,"gmtModify":1663245424633,"authorId":9000000000000186,"author":{"id":9000000000000186,"idStr":"9000000000000186","authorId":9000000000000186,"name":"CharlesBaker","avatar":"https://static.tigerbbs.com/a1c16d0b9681dfcb63f65d353f063f28","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9034945765,"objectIdStr":"9034945765","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Wall Street controls too much. We can't let them control everything.","text":"Wall Street controls too much. We can't let them control everything.","html":"Wall Street controls too much. We can't let them control everything.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":100892512,"commentId":"100892512","gmtCreate":1647775058268,"gmtModify":1663245422927,"authorId":9000000000000562,"author":{"id":9000000000000562,"idStr":"9000000000000562","authorId":9000000000000562,"name":"HilaryWilde","avatar":"https://static.tigerbbs.com/a24bcc27dc29a6d8ea2018519aa88251","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9034945765,"objectIdStr":"9034945765","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Hedge funds broke the old rules of the stock market.","text":"Hedge funds broke the old rules of the stock market.","html":"Hedge funds broke the old rules of the stock market.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":100899222,"commentId":"100899222","gmtCreate":1647827314065,"gmtModify":1663245452150,"authorId":3479274715548779,"author":{"id":3479274715548779,"idStr":"3479274715548779","authorId":3479274715548779,"name":"Jim1995","avatar":"https://static.tigerbbs.com/5301b3bd4f234ea34f854f5c2163132e","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9034945765,"objectIdStr":"9034945765","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"NEVER want to make money form wallstreet.","text":"NEVER want to make money form wallstreet.","html":"NEVER want to make money form wallstreet.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":100892511,"commentId":"100892511","gmtCreate":1647775051400,"gmtModify":1663245423844,"authorId":9000000000000466,"author":{"id":9000000000000466,"idStr":"9000000000000466","authorId":9000000000000466,"name":"MR_Wu","avatar":"https://static.tigerbbs.com/67592890bebcf079461acc4e4e6ba6f6","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9034945765,"objectIdStr":"9034945765","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"You are right, financial markets are so brutal.","text":"You are right, financial markets are so brutal.","html":"You are right, financial markets are so brutal.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9034945765"}