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Widgie Nickel Limited
(Sydney:WIN)
Widgie Nickel Limited (WIN) vs. S&P 500 (SPY)
Widgie Nickel Limited Business Overview & Revenue Model
Widgie Nickel Limited Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2020 | Jun 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -490.19K | -387.99K | -92.31K | 0.00 | 0.00 | EBIT |
| -1.45M | -2.26M | -1.89M | -27.26K | -33.53K | EBITDA |
| -1.80M | -1.65M | -1.86M | -27.26K | 0.00 | Net Income Common Stockholders |
| -2.30M | -2.06M | ― | -27.26K | -33.53K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.69M | 11.84M | 16.44M | 166.81K | 88.52K | Total Assets |
| 42.78M | 46.96M | 36.77M | 2.19M | 1.65M | Total Debt |
| 113.07K | 278.37K | 358.37K | 2.21M | 1.65M | Net Debt |
| -1.58M | -11.57M | -16.08M | 2.05M | 1.57M | Total Liabilities |
| 1.24M | 4.05M | 3.53M | 2.25M | 1.69M | Stockholders Equity |
| 41.54M | 42.91M | 33.24M | -60.80K | -33.54K |
| Cash Flow | Free Cash Flow | |||
| -11.00M | -15.89M | -7.42M | -519.10K | -736.25K | Operating Cash Flow |
| -10.62M | -14.74M | -6.76M | -27.26K | -33.53K | Investing Cash Flow |
| -102.07K | -955.93K | -616.14K | -491.83K | -702.72K | Financing Cash Flow |
| 572.52K | 11.29M | 23.81M | 597.39K | 824.77K |
Widgie Nickel Limited Technical Analysis
Widgie Nickel Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | AU$2.98B | 1,418.92 | -36.53% | 10.51% | -28.50% | -532.61% | |
51 Neutral | AU$12.10M | ― | -118.63% | ― | ― | -1123.94% | |
49 Neutral | $1.95B | -1.37 | -21.20% | 3.73% | 0.84% | -29.84% | |
49 Neutral | AU$2.54B | 17.84 | -7.32% | 7.27% | -6.64% | -209.78% |
Widgie Nickel Limited Corporate Events
Auric Mining Limited, a company listed on the Australian Securities Exchange under the ticker AWJ, is currently involved in a legal dispute concerning the Munda Tenement M15/87. Estrella Resources Ltd has issued a writ against Auric and other parties, including Neometals Ltd and WIN Metals Ltd, over claims related to lithium rights and royalties associated with the tenement. Auric has stated its intention to vigorously defend against these claims.
Widgie Nickel Limited has been awarded a co-funded drilling grant under the Western Australian Government’s Exploration Incentive Scheme (EIS) for its Ganymede Gold prospect. This grant will cover 50% of the direct drilling costs, up to $57,500, facilitating the exploration of a geophysical anomaly similar to the Butchers Creek gold deposit. The drilling, planned for the 2025 field season, aims to enhance the Butchers Creek project and potentially improve its economic viability. The support from the government is seen as a crucial step in advancing the project, which could significantly impact the company’s operations and market positioning.
WIN Metals Ltd has reported a significant update to its Butchers Creek Gold Project, with an increase in the Indicated Resource category by 86%, positioning the deposit for economic evaluation. The updated Mineral Resource Estimate now stands at 5.23 million tonnes at 1.91 grams per tonne of gold, totaling 321,000 ounces. The company also announced successful step-out drilling that extends mineralization beyond previous estimates, highlighting the project’s potential for further growth. Additionally, WIN Metals has launched a new InvestorHub platform to enhance communication with shareholders and investors.
WIN Metals Ltd has launched a new Investor Hub to enhance engagement with shareholders and prospective investors. This platform will provide updates on the company’s activities and projects, particularly as it focuses on unlocking value in its key assets like the Butchers Creek Gold Project. The initiative aims to facilitate direct communication and feedback, strengthening investor relations and transparency.
WIN Metals Ltd has announced a significant update to its Mineral Resource Estimate for the Butchers Creek Gold deposit, increasing the total resource to 321,000 ounces of gold. This includes an 86% increase in the Indicated Resource category, which now stands at 258,000 ounces. The update enhances the project’s economic evaluation prospects and supports further development studies. The company plans to continue its exploration efforts, particularly targeting high-grade areas such as the Golden Crown, to capitalize on the current high gold price environment.
WIN Metals Ltd has strategically pivoted towards gold exploration due to a downturn in nickel and lithium prices. The acquisition of the Butchers Creek Gold Project has been completed under favorable terms, and the company has successfully conducted its first drilling campaign, confirming resource growth potential. Meanwhile, the company has impaired the value of its nickel and lithium assets to reflect current market conditions.
WIN Metals Limited has announced a new strategic focus on gold, emphasizing their Butchers Creek Gold Project. This shift in strategy is expected to enhance the company’s operational capabilities and strengthen its position within the gold mining sector. The company’s decision comes amidst ongoing exploration and evaluation activities at their key project sites, aiming to capitalize on the rising demand for gold. This strategic realignment may have significant implications for stakeholders, potentially increasing the value of the company’s portfolio and providing new opportunities for growth.
WIN Metals Limited has announced a new strategic focus on gold, indicating a significant shift in its operational strategy. This change is likely to impact its market positioning by diversifying its mineral resource portfolio and potentially enhancing stakeholder value through new exploration opportunities and resource estimates.