Q: Can you provide an update on FTEL, CRUZ and LAC. Take however many credits as required. Thank you and Happy New Years to all your staff. Totally appreciate all you do for us investors.
5i Research Answer:
FTEL is just a $13M market cap company and we would consider it too small to be investable. It has no revenue, losses and negative cash flow and will continually need capital for many years. Insiders own 9%. Its assets have potential but this is very early early stage here. CRUZ is a 4-cent stock and even smaller, and we cannot endorse it nor cover companies so small. LAC would be our clear choice here. It had a rough 2024 but its assets are solid and management good. It also has a lot of cash to continue its development projects. We would expect it to do better going forward than it did last year.