When Wash Mining was issued, there were 10 million shares. After it became Hardy Mining, the stock was split four-for-one, becoming 40 million shares.
After the Hardy Group released the new detection information, the stock price took off like a rocket. In just a few days, the stock price broke through $10 again, reaching $12.6.
Because people are optimistic about the future of Hardy Mining, the value of gold is there, and they can calculate its value themselves.
Hardy Mining announced again that in order to facilitate circulation, it would split its shares again, splitting one share into two, and the share capital became 80 million shares, with the price falling back to US$6.3 per share.
Andy used to be in charge of ABC TV's expert stock commentary program. Later, as Andy had more and more things to do, he found another economic expert from Hardy's company to specialize in this program.
The financial department of the Hadi Group has recruited many economic experts, and the group's think tank also has talents from all walks of life.
In the latest episode of the show, the host asked about the recent hot Hardy Mining and whether it is still worth chasing. The stock expert said:
"In fact, we can do a simple calculation. The exploration report says that the gold mine has a reserve of more than 800 tons of gold. Now the price of gold is $35 per ounce, so the total value of this gold mine is about $1 billion."
"What is the current share price of Hardy Mining? I checked and it is $6.5 today. Based on 80 million shares, the value is only $520 million, which is far from the value of gold. The share price should be above $13 to be reasonable, so I predict that Hardy Mining's stock will continue to rise sharply in the future."
Experts make predictions, and it’s not illegal even if they are wrong.
Hardy originally held 91% of the shares, and he deliberately absorbed some stocks in the early stage. Now he holds about 95% of the total share capital. In fact, many of the selling and buying actions during this period were operated by Andy.
This is typical stock manipulation.
It is an illegal act.
However, Andy has a strong financial team and countless decentralized financial accounts. The stock market today is not as regulated as it is in later generations. In later generations, computers can trace the ins and outs of every transaction. Even then, there are people who can manipulate stocks, not to mention the paper trading era of the 1940s.
Even if someone suspected something and wanted to find evidence of a crime, it would be almost impossible, because Andy and his team were among the top people in the financial industry, so how could they leave any loopholes?
Come on.
What Hardy wants is to push up the stock price, not to buy low and sell high, and then wait until it reaches a high level and dump it all at once, trapping a bunch of retail investors.
What he wants is a high stock price, and then he can use the stocks to seek bank loan financing.
Therefore, there is no way that the stock price can fall.
Fast forward to December, Hardy Mining's stock price rose to around $11, and total capitalization approached $900 million. At this time, the stock price was almost stagnant.
Hadi is preparing to apply for a stock pledge loan.
Equity pledge loan is a very common loan method. The lending bank or company will determine the final loan amount through consultation between the borrower, lender and pledger based on the operating conditions of the equity issuing company, the nature of the industry and other factors. Generally, the maximum amount will not exceed 70% of the equity par value, and may be lower.
Calculating the amount is simple. Hardy Mining can borrow $600 million from Wells Fargo, but Hardy only needs $400 million, which is enough. However, he does not intend to let Wells Fargo pay the money alone, as that would put too much pressure on Wells Fargo.
"Andy, ask other banks if they are willing to pledge part of the loan. Wells Fargo can only keep 100 million at most, otherwise it will be difficult to take out the money if something happens in the future," said Hardy.
"Okay, boss. I'll contact other banks right away."
Wells Fargo itself is a bank with many cooperating banks and financial institutions. It began to contact Bank of America, Security Pacific Insurance Company, Bank of San Francisco, and even banks outside the consortium, such as Rockefeller's Manhattan Bank and Citibank.
During this inspection tour, Hardy got acquainted with the Rockefeller family and people from the Citibank consortium, and established a certain network of contacts. Now that there is such good business, it is natural that he would think of them.
Hadi's request was a loan of 450 million.
400 million to buy land.
The remaining 50 million was used for gold mining development.
Anyway, he didn't pay a penny.
David Rockefeller, who was far away in Norway, heard the report from the Manhattan Bank and pondered it for a while.
First, Hardy left the inspection team to participate in President Johnson's election. David understood this. Later, Hardy called Andy, the president of Hardy Group, back. At first he didn't know what was going on, but now he finally knows.
The Hardy Group acquired a gold mine, and through a series of operations, it turned a business worth no more than tens of millions into a large mining company worth 1 billion US dollars.
It has been said that Hardy’s operations were very imaginative.
This time he gained some insight.
Moreover, he wanted to borrow money just when the stock price went up. Why? It would take more money to develop gold mines. Hardy must have the next move.
However, people may not talk about these issues.
"Lend it to him." David said after thinking for a while.
After more than ten days of negotiation, Andy finally got part of the loan from several banks, and finally raised 450 million US dollars.
It was a loan so large that it even shocked Wall Street.
And on the next day,
Hardy and Andy flew to Australia on a private plane and met with the Governor McGowan in Perth, the capital of Western Australia.
The two sides shook hands warmly.
Although this is Australia, a remote rural area, Governor McGowan has heard of names such as HD Pictures, ABC TV, and the Global Times.
The Global Times in particular, thanks to Hardy's generous investment, has become one of the top newspapers in Australia, with branches in every major city in the six states of Australia.
Especially this time, he knew that it was Hardy who came to buy the land. Jason had been in contact with them for a long time in the early stage, and the two sides had discussed the land issue many times. If Hardy was really prepared to buy all the vacant land, it would be a huge deal worth about 400 million US dollars.
To be honest, Governor McGowan was a little confused as to why Hardy wanted to buy so much land.
If you want to mine, the normal procedure is to explore for minerals first. Once you find a truly suitable mineral vein, you can apply for a mining license. Then you will have the mining rights for that mineral vein. Even if you want to buy land, the worst that can happen is that you can buy land near the mine.
This was the first time he had seen someone like Hardy who was ready to take down everyone, regardless of whether they were good or bad.
Even the big American conglomerates don't dare to spend hundreds of millions of dollars to buy these useless lands. If there are no minerals underneath, the investment will be a complete loss.
I can only say.
The local tyrants are really rich.
In fact, I am not really a rich man.
You can only say he is greedy.
He knew that there were numerous mineral veins underground in Western Australia, and he knew the value of these minerals. In the future, Western Australia's annual mineral production and sales could reach about 40 to 50 billion US dollars.
Just taking iron ore as an example, the price of iron ore in Australia increased several times in 2020, taking away US$48 billion from China in one year.
If you get land in Western Australia.
It is equivalent to that these iron ores are in my hands. When I establish a large-scale mining enterprise in the future, I will also have the right to set prices. BHP Billiton, Vale, the three major iron ore companies, will have to depend on my opinion if they want to stir up the market.
Speaking of which.
We are also capitalists now, so should we follow the price increase when the time comes?
That's fucked up.
Hehehehe.
No matter what, although others are not optimistic about this piece of land now, Hardy believes that it is a big cake, with at least hundreds of billions of dollars of wealth hidden in it. As long as he buys this land, he can dig it slowly.
Don't let anyone else get involved.
When the two sides entered the negotiation stage, the main issue was still focused on the price. Even if the price was reduced by one cent per hectare, it would mean tens of millions of dollars.
The Western Australian government also made another requirement that after these lands are purchased, they cannot be left idle for a long time and must be developed. Only through mining and development can the government make more money.
Hardy agrees with this point.
He bought the land to make money. The gold mine will be mined within two years. As for other places, he will invest more manpower to explore, and if there is a mine, he will definitely not leave it there.
A mine, especially a large one.
Huge storage capacity.
It can usually be produced for several decades, and now it is found that it can be mined slowly. Even if you don’t mine it yourself, you can sell the mining rights to other companies.
Many big miners do this.
Hardy will provide the land and mining licenses, and guarantee the mining to mining companies. He will share the profits with the mining companies. If he can find one or two mines in the future, he can double his investment.
Such a large land sale still needed to be reported to the state legislature for approval. After all, the transaction amount was too large. As Christmas was approaching, Hardy and Andy returned to Los Angeles.
Vice President Jason stayed in Australia to continue contacts and monitor the development of the situation.
......
Christmas is approaching.
Taylor is back.
After contacting Hardy, Taylor learned that the man had gone to Australia, which made Taylor very disappointed. When Hardy came back and contacted Taylor, the girl rushed over immediately.
When I saw Hardy at the manor, I jumped right on him.
The two played and frolicked in the swimming pool and were intimate in the room. Taylor was breathing slightly and looking at Hardy with his big purple eyes.
"Hardy, I want to stay tonight?"
The girl's breath was as sweet as orchid.
Hardy knew what she was thinking and pinched her nose gently.
"You are not yet of legal age, and you are tempting me to commit a crime," said Hardy.
"In fact, I've asked a lot of friends, and they've had experiences when they were 16, or even younger. Also, many states allow marriage at 16, and I'm going to be 17 soon." Taylor spoke haltingly, showing that she was still shy inside.
Hardy lowered his head and whispered in Taylor's ear:
"When you turn 18, I believe it will be a wonderful thing if you hand her over to me."
Taylor's face turned even redder.
Infinitely shy.
Imagining that moment in her mind, she moved closer to Hardy and they kissed again.
In fact, what is sixteen or eighteen?
It doesn't matter to Hardy. How can a guy who started out as a gangster be a gentleman?
That was never his pursuit.
The main reason is that he has a lot of suffering but can't express it.
Don't dare to offend a supreme being, or he will kill you instantly.