Q: Your opinion and outlook please
5i Research Answer:
GOLD has $21M cash but no reported revenue, losses and negative cash flow. As such, it has yet to enjoy the sector rally much. Cash flow was negative $19.5M in the last 12 months. It will need more capital soon (it does have an at-the-money ongoing equity issuance program). It has a decent collection of assets which should generate revenue/cash in the future. It recently acquired an interest in uranium, and that sector has been very hot with the metal at 15-year highs. Insiders own 5% and have been net buyers this year. We would consider it OK for small cap sector exposure, but not really compelling......yet.