- Ascot Resources Ltd. (AOT)
- Alamos Gold Inc. (AGI)
- Agnico Eagle Mines Limited (AEM)
- Karora Resources Inc. (KRR)
Q: What are your current thoughts on AOT?
5i Research Answer:
We consider AOT decent but not overly compelling. It has $47M in cash, a decent equity position, with almost no debt, but it is free cash flow negative and is pre-revenue still. It mostly issues shares to fund its operations. Its share price has been on a downtrend since 2016, and at this point, we see better opportunities in the mining space such as AEM, KRR, and AGI.