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  5. ATX: Is this company worth a new position? [ATEX Resources Inc.]
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Investment Q&A

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Q: Is this company worth a new position?Who are they?
Asked by adam on December 17, 2024
5i Research Answer:

ATX stock has doubled this year, bringing market cap to $408M. Insiders own 4.5% and Pierre Lassonde owns 9.5%. He is a famous resource investor and was the founder of Franco Nevada. AEM also is now a shareholder, having invested $40M in October. The CEO was a senior executive at Golden Star Resources (acquired in 2022). ATX has no revenue, losses and negative cash flow, as is typical for a developer. Its project in Chile looks good but is still fairly early-stage. This is an interesting one. Lassonde is widely-followed and the stock momentum is certainly solid. There is potential here, but also risk. But we would consider it one of the better developer stories.