<<<STFU>>>
<< Stocks tending favorably UP>>
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Meme-stock darling AMC Entertainment(NYSE:AMC)received attention in Tuesday's pre-market trading after announcing a surprise investment. The movie theater chain saidit was buying a sizable stake in a Nevada-based gold miner.
AMC Entertainment (AMC) revealed that it has purchased a 22% stake in gold and silver miner Hycroft Mining(NASDAQ:HYMC). AMC will invest $27.9M in the deal, with precious metals investor Eric Sprott also investing $27.9M.
Based on the investment, AMC edged higher by about 1% in pre-market trading, while HYMC shares popped more than 90%.
--> Check AMC management for investments in this gold mine before this move! And arrest them!
I wrote about HYMC in my Journal at $1.12-$1.15, the $2.50 call volume was incredible because the stock needed $1.3 for intrinsic value. I knew I smelled a Whale, now AMC is gonna be the next Orville Reddenbacher and Winnemuca Gold leacher.