In today’s briefing:
- Understanding Gold’s Intrinsic Value
- HighPeak Energy, Inc. – Equity Improves Liquidity Position
Understanding Gold’s Intrinsic Value
- There can be no doubt that gold has intrinsic value, as it is a rare commodity. But even if it wasn’t rare, like sand or manure, it would still have intrinsic value, just much less than it currently does.
- The question I have been asking is how much of the gold price reflects its intrinsic value, and how much is something else?
- Gold is a monetary asset and, as a result, is valued above and beyond its intrinsic value.
HighPeak Energy, Inc. – Equity Improves Liquidity Position
HighPeak closed a secondary offering of ~14.8 million shares of common stock on July 21, 2023.
The shares were priced at $10.50, netting the company proceeds of ~$151.2 million.
Members of the management team and board of directors purchased ~10.0 million, or 68% of the shares sold
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