Q: May I get your thought on this company? Thanks.
5i Research Answer:
Asante Gold has an $860 mln market-cap with about $40 mln in net debt. They have negative earnings and negative free cash flow but positive operating cash flow. Insiders own roughly 30%. It is interesting that they are still listed on teh CSE but they have recently announced a conditional listing acceptane to uplist to the venture exchange which should help shares. They do operate in a higher risk jurisdiction and we might prefer to wait for it to be uplisted but it looks interesting.