Q: There are no questions on this company, which seems to have a lot to do with your old company, Sprott. It looks like power is really needed for the advancement of AI and and some people think this may provide a big part of the solution. I wonder what you think of it and how you might see it fitting into a portfolio?
Thanks very much
Thanks very much
5i Research Answer:
Even with an 84% one-year gain, MAXX is quite tiny at $43M market cap. Eric Sprott owns 11%. It has a bit of cash, but no revenue, losses and negative cash flow. Its project in Sask. has potential, certainly, for a big hydrogen discovery, and it is a large land base. But, lots of drilling and cash are still going to be needed here. It is early days. There are no analysts on the company and we think it is a bit too speculative for a general endorsement. Eric is smart, certainly, but keep in mind he now has interests in nearly 100 junior companies and not all are going to work (though he has clearly had an amazing run this year!!).