Wedbush Morning Call - Apr 19 2024 7:26AM

A Moment of Truth Ahead for Tesla and Musk With Next Week's Conf. Call

Tesla ahead of the print – Updated thoughts on all topics, but the quarter

There has been a lot of news flow on Tesla recently on FSD, Robotaxi, Model 2, and underlying demand. Ahead of the print next week, we provide our updated perspective on all topics in today’s note.

NevGold secures strategic land position within the thriving Hercules Copper Trend in Washington County, Idaho

Today, NevGold Corp. made a landmark announcement of securing 20 km2 of prime territory adjacent to the Mineral Project from Hercules Silver Corp. (TSX.V: BIG) in the emerging Hercules Copper Trend of Washington County in Idaho. Named “Zeus“, this new project positions NevGold strategically, just 20 km away from Hercules‘ major copper porphyry discovery. NevGold‘s move comes in the wake of Barrick Gold Corp.‘s substantial $30 million investment into Hercules, signaling a wave of confidence in the region‘s potential. The Zeus Copper Project covers some of the most prospective ground within the ...

NevGold: Strong Upside with Gold Resource Growth in Idaho and Nevada

Last October, Hercules Silver Corp. (TSX.V: BIG) was trading at 20 cents and announced assays of the first deep hole drilled at its Hercules Project in Idaho, confirming a major porphyry discovery by intersecting 185 m @ 0.84% copper at 246 m depth. Its share price then soared to $1 by the end of the month and in early November, Barrick Gold Corp. (the world‘s second largest gold miner) invested $23 million in a private placement at $1.10 per unit. Hercules‘ share price then rose to as high as $1.62 and the company currently enjoys a market capitalization of more than $200 million. Despite dif...

Prospera Energy‘s Remarkable Turnaround: Prospera soars from restructuring to resurgence with striking oil and gas growth

Though still flying under the radar for many investors, Prospera Energy Inc. is proving to be a rising star in the oil and gas industry. The restructured company is making waves with its strategic approach to oil production and significant achievements under the leadership team. With a current market capitalization of $38 million and 2022 year-end reserve value of $72 million, Prospera is focusing on optimizing production and expanding its portfolio which positions the company as a promising player in the Canadian oil and gas market. With a dynamic leadership team at the helm, successful optim...