Q: Could I please have your view of USHA Resources?
Thanks in advance.
Thanks in advance.
5i Research Answer:
Note we do not follow nor recommend microcap companies. USHA is only $10M, and that is after a 62% YTD gain. It needs to be considered a lottery ticket. It has a bit of cash ($1.4M), no revenue, losses and negative cash flow. It has never made money. It has a brine lithium project in Nevada which it has optioned out. It was a 4-cent stock in February and is down 40% in the past year. Simply being public results in high share dilution and we would consider it exceptionally risky and non-investable.