Mondelez, Kraft To Pay $16M To Resolve Allegations Of Futures Market Manipulation
Jayson Derrick, 06 March 2020
Food giants Mondelez International Inc MDLZ 0.07% and Kraft Food Groups will pay $16 million to settle allegations they created unfair advantages in wheat futures, The Wall Street Journal reported.
The Mondelez, Kraft Settlement
Mondelez and Kraft were once part of a single corporate entity, and they and appear to be set on resolving a dispute with the Commodity Futures Trading Commission, the newspaper reported Thursday. Continue reading “Article: Mondelez, Kraft To Pay $16M To Resolve Allegations Of Futures Market Manipulation”
StreetSweeper’s Short Thesis On Almaden: Stock Is ‘Fool’s Gold
Jayson Derrick, 19 April 2016
Shares of Almaden Minerals Ltd. AAU 0.08% were trading higher by more than 9 percent on Tuesday, despite The Street Sweeper stating in a new research report the company’s stock is “fool’s gold.”
Almaden Minerals saw its stock rise on misconceptions surrounding a “highly speculative” gold mine project in Mexico (Ixtaca) to cost more than $1 billion, The Street Sweeper’s Sonya Colberg wrote. Meanwhile, the company only has a “measly $2-or-$3 million in the kitty,” or a “tiny, tiny sliver” of the amount it would need to finance any mining projects of such a large scale.
Almaden announced back in October a plan to secure financing to acquire a mine in Alaska. The company pitched a $6.5 million option deal to acquire the mine and argued that it will reduce its Ixtaca ramp costs by $70 million – a figure that was an “arguably highly inflated guesstimate.”
Continue reading “Article: StreetSweeper’s Short Thesis On Almaden: Stock Is ‘Fool’s Gold”