Q: What is your opinion on BFM
Chart looks very positive.
Thankyou
Chart looks very positive.
Thankyou
5i Research Answer:
BFM was a 4-cent stock not long ago, and even with a 340% year-to-date gain market cap is only $34M. Thus, it is not one we have followed closely. It has little cash, no revenue, losses and negative cash flow. Its exploration strategy for its Sask. uranium project has attracted speculators and it also has a gold exploration project in BC that is generating some interest. We show that insiders do not own much and it has no analysts. We need to execise extreme caution here. If drilling results do not match enthusiasm, the stock could be quite vulnerable. We would consider it a lottery ticket right now.