Q: Can you tell me any info you have on this stock in regards of management,production,debt ,inside ownership any upcoming catalyst and what you think could be an attractive entry point and would consider for a highly speculative and volatile 6-12 month hold thank you
5i Research Answer:
We do not follow BFM closely, as less than a year ago it was a 4-cent stock with a market cap of less than $5M. But a 1,900% one-year return brings it to $28M market cap now. Insiders show at 1% ownership. It has a bit of cash, no revenue, losses and negative cash flow. It has a gold project with a discovery in BC and also uranium assets. But it is very early days and the company's press releases seem quite promotional. There is a lot of hype to this one. Management's CVs read OK but we would not put them in the stellar category at all. Everything we see here screams caution.