Q: Hi guys,
Still holding this one, any chance it will recover? Meredith
Still holding this one, any chance it will recover? Meredith
5i Research Answer:
There is a chance to recover, it is just hard to predict how long that will be for TUD. The company is still very early on being pre-revenue and continuing to pursue drilling activity. In 2023, TUD drilled 27,000 m and has 18,000 m of drilling planned for 2024. Positive drill results will likely move the stock in the near term, but this can be hard to predict. TUD continues to maintain a high amount of insider ownership at nearly 50% with Eric Sprott having a larg stake at 17%. These are positives for TUD's future, but things will likely continue to be volatile until the company delineates reserves further so that investors can better analyze potential.