WallStForMainSt: Big Red Flags? AMC Entertainment Buys Large Stake In Junior Gold Miner With History of Bankruptcy

  • Tuesday, 22 March 2022 04:15
Lots of red flags here! AMC Entertainment buys 22% stake in a Nevada gold mine to diversify away from movie theater business https://finance.yahoo.com/news/amc-entertainment-buys-22-stake-131507281.html Back in November 2021 (despite gold prices still being high) Hycroft Mine lays off half its workforce, ceases operations https://www.nevadaappeal.com/news/2021/nov/20/hycroft-mine-lays-half-its-workforce-ceases-operat/ This Nevada gold and silver mine already caused the previous miner, Allied Nevada, to go bankrupt back in 2015 from production problems: https://www.akingump.com/en/news-insights/akin-gump-guides-hycroft-mining-through-restructuring-and-out-of.html Around $450 million in bad debt, enormous production problems at the mine, metals prices falling and production products (mine was not on time or on budget) were the main problems. New Doomberg blog article on the AMC Deal involving Eric Sprott and Hycroft Mining: A Fool & His Gold: https://doomberg.substack.com/p/a-fool-and-his-gold Over 200 articles, audio podcasts & interviews with experts exclusive for Patrons with 47 new articles & audio podcasts out in the last 33 weeks! Plus, you are helping keep the free content free so it doesn't all end up behind a paywall. One of the best deals in the research space for only $5 per month! Come and join the almost 900 Patrons chipping in each month over on Patreon behind the paywall! Go to Patreon dot com slash wallstformainst or http://www.patreon.com/wallstformainst **Please check your debit or credit card on file with Patreon to make sure that it did not expire. This is happening a lot every month.** Please visit the Wall St for Main St website here: http://www.wallstformainst.com Follow Jason Burack on Twitter @JasonEBurack If you feel like donating fiat via Paypal, Bitcoin, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website or through Paypal. Send one time donations to our Paypal to the email address: [email protected] Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and paid research work (we write research reports and teach). But these will require the customer agrees up front to invoices with hourly billables for additional research and the price will be expensive. Please email us to learn more about the research work we offer at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**

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