Examining AMC’s ‘embarrassingly stupid’ investment decision in a literal gold mine

AMC threw each its analysts and memestock shareholders for a loop this week after the enterprise announced it was attaining a 22 percent stake in a mining company. Not a crypto mining enterprise — a organization that mines genuine silver and gold. It’s a baffling financial investment for a motion picture theater chain, enough so that a person analyst we spoke to referred to as it a “complete misuse of shareholder cash.”

To acquire a minority stake in Hycroft Mining Keeping Corporation, AMC is shelling out close to $28 million, a not-insignificant chunk of change for a corporation that not

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