I just made a tidy 35% return on my bottle cap meme investment, even though I got in late. Could have been a lot more, if I had been paying attention.bitcoin was made for a purpose. doge was made for a meme
Almost all silver mined is as a by product of other metal mining. So upping production would takes years if not decades if it is even possible.I've heard that line about silver in everything for YEARS. also heard the suppliers only mine enough to meet demand, or prices drop. so I bet they can significantly up their production if the price is right, but I'll take some time.
what is the NRZ IPO? you know that stock inside and out
The NewRez IPO is complicated but I will give it a quick shot. Here is a link to the announcement. https://www.newresi.com/news/press-...ew-residential-announces-newrezs-confidential The thing is NRZ is New Residential and they own a part and all of many companies that operate under NRZ, one of which is NewRez Lending. Now if you look at page 5 of this link https://d1io3yog0oux5.cloudfront.ne...pdf/NRZ+Q3'20+Investor+Presentation_Final.pdf you will see what I am going to try to explain. NRZ right now gets a market value on NewRez of like $900M, when it is really worth like $3-4B. The result is NRZ book value is just $11 and change, instead of the $16-19 book value it should be. So to counter this NRZ will IPO NewRez as a stand alone company, but we shareholders will still own it I believe. Is what this will do is force wall street to give NewRez the true PE price of like $3-4B, which in theory should boost NRZ stock $5+ per share. The thing is none of us know how this will work. NRZ CEO recently started a SPAC for a future reit, it is ticker FCAX/U gives you a share and 1/5 of a warrant for a common, maybe this becomes NewRez. Maybe they just give us cash, maybe they give us shares in new company...we just dont know. All we do know is it should add $5-8 to the current book value, and if that happens NRZ shares should increase with book value.