HAMA

Hamak Strategy Limited

Basic Resources First-pass screen £4.07m

220/1000 Overall fit

AI beneficiary 35% 15

Operating leverage 25% 20

Valuation 25% 30

Downside protection 15% 30

First-pass take

Pre-revenue gold explorer with zero AI exposure; H1 2025 loss $324k, cumulative deficit $3.75m, exploration 100% FAU-funded. Bitcoin treasury ($1.77m) unproven and unrelated to strategy; highly speculative junior miner, equity-dilutive (308m shares July 2025), dependent on FAU partner for funding and success.

Flags

no-aipre-revenueloss-makingno-valuation-dataspeculative-explorationmicro-cappartner-dependent