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  5. CMC: Could you please give me the future of this company , would this be a good buy at current price. [Cielo Waste Solutions Corp.]
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Q: Could you please give me the future of this company , would this be a good buy at current price.

Thanks Jim.

Asked by James on October 29, 2021
5i Research Answer:

CMC has lots of potential, but project delays keep disappointing investors. Market cap is $217M and it has not reported any revenue, so expectations are very high. The stock is still well up on the year, but has been crushed since July with profit taking and the delays. We need to see 'more' here. It has $14M cash, but we would rather pay more for the stock when it has some concrete financials and risk is reduced.