Hopeing to get your take on FWZ.
Cheers!
It is interesting, with new blood at the Board level. The stock is acting well with the sector, up 22% YTD and 60%+ over one year. There has been little news since then, but we note the Lundin family has been buyers of the stock, and is now at 24.9% of the company. They are certainly committed. It has $29M cash and decent projects, but as a developer no revenue, losses and negative cash flow. Cash burn was $45M in the last 12 months. Our comments about owning in the prior question still apply, with a bit more conviction due to the high level of insider buying this year.