SASK has only been listed a year, and is down 31% YTD. The uranium market has checked back somewhat. SASK has $23M cash, but no revenue, losses and negative cash flow. It is early days here and risks are high. Since listing it has made a couple of acquisitions in order to bulk up. It has a fairly active exploration program set up for 2024. While it has not done much, we think there is still some potential. Some patience is going to be required here, but we think the recent corporate moves sense for the long term progress of the company. We would not give it huge endorsement because of the risk, but the decline looks related more to its small size, sector weakness and the 'newness' of the company, as opposed to actual problems. We would give this some more time, asssuming one is comfortable with the higher risk.
5i Research Answer: