A Not-So-Rare Hype Scheme

Dan David of Wolfpack Research makes the short case on Ramaco Resources (METC). Central to their thesis, Wolfpack believes that Ramaco’s new Brook Mine in Wyoming will prove to be worthless. Even when applying the most generous assumptions, Dan shares how this “$37 Billion Treasure,” as touted by the WSJ, will likely end up losing the company multiples of its projected revenue. And with management’s questionable history, it comes as no surprise that METC’s executives were seen unloading shares over the weeks that followed this massive discovery.