Q: Hello 5i, Could you comment on NUG as they have suspended there exploration are they a high spec stock or are they dead in the water.
5i Research Answer:
NUG is essentially a lottery ticket. Market cap is only $6M, already down 60% in 2024. It has had negative cash flow and the suspension likely stems from a complete lack of capital. It has not seen any 'meaningful' results from drilling and was not able to complete a recent financing. We would stay far, far away from this one.