Q: If and when the war in Ukraine ends and they develop the Ukraine asset, what is the upside on this company?
Thanks,
Jim
Thanks,
Jim
5i Research Answer:
At $18M market cap there is extreme risk regardless of any war. It has little cash, no revenue, losses and negative cash flow. It is going to need continual new capital for some time. Still, if the war ends there will likely be a pop in the share price. The stock was in the 50-cent range prior to the war. Its assets are, for now, nowhere near the fighting area. Note this is not an endorsement to buy the stock, however. Under an adverse scenario, the stock might go to zero.