Odd, my years of research on this stock revealed how MJNA and CannaBANK manipulate the stock price and sell shares as a daily operation. Id be very interested how you've derived MJNA should be valued at $2B on such low sales and low revenues of products and such high issuance of new shares.
We've seen back to back strategic acquisitions for Brio in the last 2 Qs. Marrone has shown he is willing to make prudent purchases. He's also indicated a willingness for accelerated debt reduction. Any other hit to earnings I would think would have to be some unexpected currency market influence. With gold up through Q1 so much it's hard to think of anything else. So I'd say 2 things.
1- I have rarely seen AUY react more to earnings than the spot gold market
2- Low to flat earnings probably means more debt was paid off or AUY has continued growing.
You can do it!
This will never be an MJNA press release. Maybe other products yes, but not from MJNA. The sales executive at Walgreens that floats that idea to the board would be laughed out of his job.
A few years back I started to follow AUY a little bit again fir the first time since 2009. In those days I used Google Finance boards which were shut down. I came over here. There was a thread bumping fairly often entitled Currency Wars. Even then, just a few years ago, my world view was so different. Maybe naïve is the word. We had a sort of debate and this person really did try to get me to see but I was blind. So much now... currency policy I will call it... has been the real driver of things. Once you go down the central bank rabbit hole, the foundations, the relationships, the suppositions, there is no turning back. So to the well educated poster that engaged me back then, I am sorry, and thank you.
I wonder how many of them are illegals in those protests. It's sad, they would be released the next day if they got picked up. But a protesting citizen getting caught up in that would be held and charged. And those same people are fighting to defend the "rights" of illegals when they forfeited access to those rights by breaking the immigration laws in the first place. Because we have to feel sorry for everyone and are made to feel guilty about how much we have, which was built with blood sweat and tears while Mexico was making deals with Hitler to carve up the USA. I'm all for helping people and even using state money to help people in need. But don't come here illegally and expect all this treatment and don't make me feel guilty about my heritage.
There are 32pc for sale come get 'em
Funny how it lines up with $1300 gold huh
My gold long and dollar short strategy from December has yielded multiple triple digit returns. MJNA has been flat during this period. Not one of my other investments has issued 1 billion new shares either. If you're in this stock you've missed the greatest trades in almost a decade.
Until today I was looking for $1285 but I am starting to think now it is too much pressure built up. I believe at this time upper $1280s will be a an intraday pause very soon, pushing through with conviction to $1304-$1306 to settle and that will be the moment we see mainstream change tone.
AUY, FCX, and 2018 puts on UUP. When I look at the terrible market performance today and see how they try to say it's all because of AAPL, I have to wonder. Are we the only ones that can clearly see the continued trade of dollar weakness and a new commodity cycle? A few mentions on Bloomberg today I caught. But it's not an anomaly. There is a real and global force behind this sentiment. So ladies and gentlemen, how do we recognize when this trade has come to term? When CNBC starts pumping gold? I admit that would scare me.
If he made a big move it would have backfired just like Draghi's moves recently. By standing firm he also loses. USD slide to continue. Shanghai gold and later this year gold out of the new India exchange will continue to pressure.
I believe we had sequential increase of central bank gold purchasing already in Q4
Record trade deficit, record debt, record M2 money supply, record number of foreign nations upset with us.
Folks on state assistance don't care or pay attention to any of this. Not until the checks stop coming. Then they still won't care they'll just be furious the system failed them and will be looking for heads to roll.