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  5. NHHH: What do you think about this two companies? [FuelPositive Corporation]
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Investment Q&A

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Q: What do you think about this two companies? Do they have lots of debt? Odds of buyout?
Asked by Adrian on January 22, 2024
5i Research Answer:

NCU makret cap is $164M, after a 64% decline in the past year. It has $190M debt and highly negative cash flow, which likely explains the decline. It has had minor revenue in the past but a large revenue ramp up is expected this year. It delivered its first concentrate from the Pumpkin Hollow Mine in October. With the re-start, investors may become more interested. But momentum is quite negative and we would not be interested until we see positive cash flow here. NHHH is a $30M company, down 58% in the past year. It has a bit of debt ($0.1M) but also $1.8M cah. A battery/energy storage company, it has no revenue, and we are not in the habit of recommending such tiny companies without any revenue. Its technology is interesting but we need to see it work in scale, and see revenue and positive cash flow. We would consider the odds of a buyout on either to be quite low at this time.