|Bid||3.0400 x 0|
|Ask||3.0600 x 0|
|Day's Range||2.8550 - 3.0900|
|52 Week Range||1.8000 - 4.5400|
|Beta (5Y Monthly)||2.25|
|PE Ratio (TTM)||3,060.00|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Democratic Republic of Congo's mining minister warned mine shutdowns due to the COVID-19 pandemic would trigger a "catastrophic" economic and social crisis in the country, as he reported a 15% slump in cobalt exports in the first quarter. Congo, the world's biggest producer of cobalt, is highly reliant on mining, with the industry contributing 32% of its GDP and 95% of export revenue in 2018, according to the central bank. "The DRC would not be able to withstand an abrupt halt in the mining production of the flagship projects operating there if they invoked force majeure," Mines Minister Willy Kitobo Samsoni wrote in a ministry analysis seen by Reuters.
2020 in L.A. is already off to a pricey start, at least where real estate is concerned. Last week, billionaire Ivanhoe Mines magnate Robert Friedland and his wife Darlene paid a hair under $26 million -- $25.95, to be exact -- for a contemporary showpiece in the Hollywood Hills, within the Doheny Estates enclave and near the famed Bird Streets.Though that sale price is barely half of the profoundly unrealistic $44 million original pricetag, it's still a surprisingly colossal number. Most real estate onlookers never thought the house -- whose style has become all but ubiquitous in the surrounding neighborhoods -- would fetch more than $20 million.Built on speculation by a Beverly Hills-based businessman named Jean Jacques Allouche, the pricey mini-compound was completed in 2017 and features a blocky mansion of roughly 10,000 square feet, plus a detached garage/guesthouse connected to the main house via an underground tunnel.Like many homes in the hills, the mansion is sited rather hard up on the street, though gates and tall hedges imbue it with some measure of privacy. A surprisingly spacious motorcourt is capable of accommodating ten automobiles, though the property has essentially no landscaped yard.Glassy and monolithic in nature, the home's interiors adhere to an austere color palette of blacks, grays and off-whites. A floor-to-ceiling fireplace in the great room will awe guests, as will the various disappearing walls of glass and spectacular westward views to the Century City skyline, the Pacific Ocean and Catalina Island.The home's lower level packs in lavish recreational amenities like a "European spa" and a massive soundproof theater. There's also a glass-encased and temperature-controlled wine closet and an adjacent wet bar with thick slabs of dark grey marble ribbed with streaks of gold. Expansive indoor/outdoor living areas include vast stone terraces for entertaining, a firepit and negative-edged swimming pool with inset spa.Nice as the Hollywood Hills mansion is, it rather pales in comparison to the Friedlands' former home up in Northern California's San Francisco Bay Area. In 2015, that historic hilltop property -- known as Locksley Hall -- was sold for a record-breaking $47.5 million to venture capitalist Matt Cohler, one of Facebook's first five employees and an early investor in Instagram.The Friedlands continue to maintain a dramatic blufftop villa in Phuket, Thailand, that has no fewer than three infinity pools, though their main residence remains a luxury flat in Singapore.Though Bird Street prices have slumped badly in recent years, with at least one home selling at a $10+ million loss, things may finally be on the upswing once again. In addition to this $26 million deal, it's been widely rumored that two side-by-side area mansions are in escrow with the same billionaire buyer for a total of approximately $70 million.Tomer Fridman, Sally Forster Jones and Ginger Glass, all of Compass, jointly held the listing.Launch Gallery: Robert Friedland's $26 Million Hollywood Hills MansionMore from DIRT * Russell Brand Snags Hacienda-Style Hollywood Hills Hideaway * Dwyane Wade, Gabrielle Union Drop $20 Million on Hidden Hills Mega-Manse * Calvin Harris Finally Unloads Zen-Inspired Sunset Strip Mansion
American-Canadian mining investor Robert Friedland is set to control Guinea's Mount Nimba iron ore deposit in a deal signed by his High Power Exploration (HPX) company with the west African country late on Thursday. Friedland, who is CEO of HPX as well as the founder and executive chairman of Ivanhoe Mines, has a long history of finding and developing remote mineral deposits in countries including Mongolia and Democratic Republic of Congo.
In this daily bar chart of Alamos Gold Inc. , below, we can see a low in December followed by a rally, a correction, and another move higher. The On-Balance-Volume (OBV) line shows a positive trend as does the Moving Average Convergence Divergence (MACD) oscillator. In this daily bar chart of First Majestic Silver Corp. FR (NYSE: ), below, we can see a large base pattern from August to June before the upside breakout.