Commodity prices are rising at a break neck pace. We have recently reported on Oil and Wheat now let’s talk about Copper!
Emerging electric vehicle manufacturer, Mullen Automotive, Inc. (NASDAQ: MULN) has watched its stock price fall from $13.14 in November last year, just after the company went public, to its current level of $.80/share. With many EV manufacturing companies considered hot stocks the fall at MULN is perplexing. Mullen is on track to deliver the first EV cargo van fleet vehicles in Q2. Consider these recent company milestones:
High-performance versions of the Mullen FIVE are due to arrive in late summer 2022. National test drive event for Mullen “Front Row” reservation holders to be announced on future date.
Mullen has successfully filed over 120 patents in 24 countries for the Mullen FIVE EV Crossover.
Mullen’s purchase of Tunica’s AMEC manufacturing facility. Company owns this facility free and clear, with no associated debt or financial obligations on the property.
World debut of the Mullen FIVE on Nov. 17, 2021, at the Los Angeles International Auto Show.
Mullen FIVE won the best SUV ZEVAS™ (Zero Emission Vehicle) Award at the 2021 Los Angeles International Auto Show, besting both Lincoln and Rivian for the top honor.
Recently earned media coverage of Mullen in over 40 publications, including Automotive News, Wards Auto, Bloomberg, Barron’s, InsideEVs, Robb Report, HotCars and Carbuzz.
Successful completion of extensive consumer EV market study revealing Mullen FIVE scored high against Tesla Model Y and Ford Mach-E.
The current conflict in Ukraine is devastating to look at but ILUS International, Inc. (Ilustrato Pictures International Inc.) (OTCPNK: ILUS) may be able to offer crucial support. The ILUS group of companies primarily manufacture and distribute equipment and vehicles for the emergency response industry. ILUS acquisition FireBug has several customers in the defense sector as well as international organizations such as the United Nations and UNICEF. Another acquisition, The Vehicle Converters (TVC), which has previously supplied US army bases in the Middle East, converts a wide range of vehicles including armored ambulances, military transporters, and logistics vehicles. In addition, because of its partnership with Milanion, a manufacturer of unmanned vehicle systems primarily for the military, ILUS is already in discussions for several large opportunities. Recent ILUS acquisitions KurveXR and Vira Drones are also developing defense solutions following request by governments and military organizations
The fintech, blockchain, DeFi, and crypto-focused group ICOA Inc. (OTC PNK: ICOA) has released its revenue projections for 2022. The company, through its operating segments is guiding to $35M in revenues, $21M in EBITA, and $12M in net profit for the year. The company is focused on six verticals, two which are in development, Gaming & Play-To-Earn along with Wealth Management, in addition to their current verticals in DeFi, Crypto Fund Management, NFTs, and Services that support the blockchain industry. ICOA reports it has 3000 Bitcoin under management and receives management fees as well as a portion of the generated profits. The guidance offered by the company extends to 2026 and indicates revenues of $165M, EBITA of $106M, and a net profit of $80M by that year.
With oil prices currently over $100/bbl investors are looking closely at 88 Energy Ltd. (OTCQB: EEENF) the Australian company (also ASX: 88E) with vast oil & gas exploration projects in Alaska. The company shares have gained 34% since February 24th as concerns over oil & gas supplies grows with the current conflict in Ukraine. The company recently announced the acquisition of attractive acreage in Permian Basin, Texas. EEENF now holds a 73% non-operated working interest in the Longhorn Project, with current average production of ~300 BOE per day gross (~70% oil) across 32 wells, with near-term capital-efficient doubling of output targeted.
The company holds a 59% working interest in the Icewine project, which covers an area of approximately 231,000 acres located in North Slope of Alaska, the United States. It also holds a 100% working interest in the Yukon Gold leases covering an area of approximately 15,235 acres located on the eastern border of the Central North Slope of Alaska. In addition, the company has a 50% working interest in Peregrine project covering an area of approximately 195,373 acres located in the NPR-A region of the North Slope of Alaska.
Commodity prices are rising at a break neck pace. We have recently reported on Oil and Wheat now let’s talk about Copper!
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