Bullboard - Stock Discussion Forum EarthLabs Inc V.SPOT

Alternate Symbol(s): SPOFF

Metals & Mining Industrial Metals & Minerals

EarthLabs Inc. is a mining investment, technology, and media company. It provides strategic leverage to the metals and mining sector through investments, royalties and a full suite of data-driven media software-as-a-service tools and services, including CEO.CA, The Northern Miner, MINING.COM, Canadian Mining Journal and DigiGeoData. Its Financial Technology Division (FTD) business vertical... see more

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TSXV:SPOT - Post Discussion

EarthLabs Inc > new 52 week low

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Post by goldanalyst on Jun 30, 2022 10:16am

new 52 week low

with mining stocks plummeting I assume layoffs are coming with SPOT

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Comment by DrewJackson on Jun 30, 2022 1:54pm

My guess is management would sell assets from their investment portfolio before doing layoffs, seeking outside investment, or more share dilution.

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Comment by GoBigGoHome99 on Jun 30, 2022 4:17pm

Why wouldn't they have sold down some of their positions earlier? Now they are in toilet. Are there restrictions stopping them from selling?

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Comment by DrewJackson on Jul 12, 2022 7:13pm

Because they didn't need the cash earlier. Also, I'm assuming, a portion of the equities are under a lockup period. Most investors—myself included—were thinking inflation would skyrocket and the metals markets would enter a new supercycle. Unfortunately, the US central bank seems intent on tempering inflation, which has thrown a wet blanket on anything related to metals and mining. This ...more

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