On Wednesday, the percentage value of Donald Trump’s Trump Media, which hosts loss-making platform Truth Social and rival to Elon Musk’s X and Meta’s Threads, hit a near-record high. Inventory closed at $23. 97, near the lowest point. since the company subsidized with cash in March. The lowest value is 22. 55 US dollars.
More importantly, the stock is down 41% from its recent high of $40. 58 on July 15, the week Joe Biden withdrew from the polls and was replaced a few days later by Kamala Harris, the vice president. Wednesday’s close is down from more than $9 billion at its peak.
Shares of Trump Media have come under increasing pressure in recent days following its weak quarterly effects from June last week and Trump’s return to Musk’s social media platform X. Trump is the majority owner of Trump Media.
Investors say that by flocking to X for Musk’s much-derided interview on Monday night, Trump undermined the stock prices of Truth Social and Trump Media. Reuters also reported that “Trump’s narrowing lead in polls and election betting markets in recent weeks has also weighed on stocks, which some retail investors perceive as a bet on Trump’s victory for a second term.
And stock sales through giant fund managers such as BlackRock, Vanguard and State Street due to the stocks’ inclusion in two indexes that track small corporations have deteriorated with the decline since mid-July. Vanguard bought 2. 9 million shares, BlackRock 2. 2 million and State Street bought about 440,000. These positions were published on Wednesday in regulatory filings known as 13F (a document filed with the SEC), which show what fund managers own at the end of the quarter.
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Deep Leads Resource Increases Across the Board: Quality, Tonnage and Target Zone ABx Group has reported a 30% increase in its mineral resource estimate (MRE) at the rare ion adsorption clay earth deposit ( IAC) from Deep Leads in northern Tasmania. The accumulation at MRE comes from 36 assayed exit wells, representing a significant northward extension to the existing Deep Leads prospect.
Lake Resources (LKE. ASX) – LKE has signed two non-binding memorandums of understanding within 10 days. Ford Company (Ford) has signed a memorandum of understanding for about 25,000 t/year and last week, Hanwa, a Japanese commodity trader, signed a memorandum of understanding for up to 25,000 t/yr. Subject to execution, this is a feat as Ford and Hanwa are prepared to engage in long-term strategic partnerships with LKE. Commercial negotiations are still ongoing but should, namely whether Ford and Hanwa will inject new capital into LKE, removing additional risks in financing the task and thus ensuring that LKE and Kachi are fully funded.
Two recent gravity studies have particularly exceeded expectations and revealed prospects for expansion of the existing MRE at Lake Throssell, as well as a significant expansion opportunity at Lake Yeo. This reinforces the prospect of a multi-decade SOP Tier 1 production center around Lake Throssell.
TMG is currently completing work for the PFS planned in early 2023, adding the start of drilling in the third quarter of 2022, evaporation testing and authorization activities. The effects of those systems will affect the PFS and any long-term resource updates.
SOP reference prices have increased to around $940/t due to recent geopolitical developments. The October 2021 scoping study assumed an SOP value of $550/t and contained a sensitivity study showing that each 10% accrual in value effects amounted to $144 million accrued to the NPV of the $364 million allocation. The accrual of around 70% compared to the scoping study implies an NPV of the allocation of approximately $1. 4 billion.
Despite the fall in oil and fuel prices, which fell by 5. 4% and 19. 7% respectively in August, Calima managed to show an improvement in its main indicators.
WT Financial Group Limited (WTL) is a developing diversified monetary company, founded in 2010 and indexed on the Australian Stock Exchange (ASX) in 2015. Its recommendations and product offerings are provided primarily through an organization of monetary advisors independents who act as legal representatives. of WTL under its broker organization businesses Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group). It has approximately 275 advisors in over two hundred money advice companies across Australia. It also operates a direct-to-consumer operation under its Spring Financial Group brand.
In May 2021, Corporate Connect analyst Marc Sinatra published a full study report on ASX-listed biotech Immutep Ltd (ASX: IMM). It was so inspired by IMM that Corporate Connect found it imperative to publish a follow-up report valuing the company, as the market did not see the great prospects of eftilagimod alfa (efti).
This monitoring report was published today. Using comparables, after adding a dollar reduction to its EV estimate and dividing by the total number of percentages issued, Corporate Connect now puts the fair price of one percentage of Immutep at A$2. 20.