Widgie Nickel Limited AI Stock Analysis
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Widgie Nickel Limited (WIN) AI Stock Analysis
Widgie Nickel Limited
(ASX:WIN)
The overall score is critically low, driven primarily by the company's pre-revenue status and deeply negative financial performance. The income statement and cash flow statement reflect a business with no earnings and an accelerating cash burn, making it entirely dependent on capital markets. While the balance sheet carries minimal debt, the equity base is shrinking rapidly. Technical indicators show weak, neutral momentum, and the negative P/E ratio confirms a lack of fundamental value. This is a high-risk, speculative exploration company.
Widgie Nickel Limited (WIN) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 17.18M
- Dividend Yield
- ―
- Average Volume (3M)
- 983.38K
- Price to Earnings (P/E)
- -3.7
- Beta (1Y)
- 1.98
- Revenue Growth
- ―
- EPS Growth
- 93.65%
- Country
- Australia
- Employees
- 0
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Industrial Materials
Widgie Nickel Limited Business Overview & Revenue Model
Company Description
WIN Metals Ltd, formerly Widgie Nickel Limited, is a Western Australian mineral exploration and development company focused on gold. Its flagship asset is the Butchers Creek gold project in the East Kimberley region, which it aims to bring back into...
Widgie Nickel Limited Financial Statement Overview
Summary
Pre-revenue exploration company with no earnings power. Income Statement and Cash Flow scores are critically low (1 and 10), reflecting deep, persistent losses and accelerating cash burn. The Balance Sheet is a relative strength (55) due to minimal debt, but equity is eroding rapidly. Overall financial health is extremely weak and dependent on external financing.
Income Statement
1Very NegativeBalance Sheet
55NeutralCash Flow
10Very Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | -285.48K | -285.48K | -1.73M | -490.19K | -387.99K | -92.31K |
| EBITDA | -3.70M | -3.70M | -34.63M | -1.80M | -1.65M | -2.63M |
| Net Income | -4.02M | -4.02M | -33.77M | -2.30M | -2.06M | -2.72M |
Balance Sheet | ||||||
| Total Assets | 21.94M | 21.94M | 17.03M | 42.78M | 46.96M | 36.77M |
| Cash, Cash Equivalents and Short-Term Investments | 2.09M | 2.09M | 2.34M | 1.69M | 11.84M | 16.44M |
| Total Debt | 51.69K | 51.69K | 130.71K | 113.07K | 278.37K | 358.37K |
| Total Liabilities | 3.72M | 3.72M | 2.94M | 1.24M | 4.05M | 3.53M |
| Stockholders Equity | 18.22M | 18.22M | 14.09M | 41.54M | 42.91M | 33.24M |
Cash Flow | ||||||
| Free Cash Flow | -4.33M | -4.33M | -5.07M | -11.00M | -15.89M | -7.42M |
| Operating Cash Flow | -3.59M | -3.59M | -3.90M | -10.62M | -14.74M | -6.76M |
| Investing Cash Flow | -4.04M | -4.04M | 940.55K | -102.07K | -955.93K | -616.14K |
| Financing Cash Flow | 7.28M | 7.28M | 3.61M | 572.52K | 11.29M | 23.81M |
Widgie Nickel Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WIN, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 46.59 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WIN.
Widgie Nickel Limited Peers Comparison
Overall Rating
AU:LIT46Neutral
AU:GT144Neutral
AU:AM542Neutral
AU:NC141Neutral
AU:NMT41Neutral- AU:WIN38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| AU:LIT | 46Neutral | AUD 11.46M | -2.50 | -42.15% | ― | -11.28% | 41.18% |
| AU:GT1 | 44Neutral | AUD 16.87M | -2.15 | -3.88% | ― | ― | 61.90% |
| AU:AM5 | 42Neutral | AUD 5.52M | -0.95 | -192.77% | ― | ― | 65.85% |
| AU:NC1 | 41Neutral | AUD 12.04M | -11.20 | -5.09% | ― | ― | -33.93% |
| AU:NMT | 41Neutral | AUD 19.27M | -2.31 | -43.52% | ― | ― | 76.51% |
| AU:WIN | 38Underperform | AUD 18.04M | -3.70 | -21.01% | ― | ― | 93.65% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:WIN | Widgie Nickel Limited | 0.02 | -0.02 | -55.56% | |
| AU:LIT | Lithium Australia NL | 0.01 | -0.00 | -9.09% | |
| AU:NMT | Neometals Ltd. | 0.02 | -0.04 | -65.57% | |
| AU:AM5 | NickelSearch Ltd. | 0.01 | 0.00 | 0.00% | |
| AU:GT1 | Green Technology Metals Limited | 0.01 | -0.02 | -51.72% | |
| AU:NC1 | NICO Resources Limited | 0.08 | -0.05 | -35.38% |
Widgie Nickel Limited Corporate Events
Metal Bank Grants WIN Option Over Non-Core Darcys Project
Metal Bank is an Australian mining company focused on gold exploration and development, with additional copper-cobalt-gold interests, including the Livingstone and Millennium projects. It granted WIN Metals an option to acquire its non-core Darcys Go...
WIN Expands Butchers Creek Gold Project With New Tenure
WIN Metals, a Western Australian minerals explorer and developer, is focused on advancing the Butchers Creek Gold Project and building a broader portfolio of gold and other commodity opportunities. Its activities are centered on resource growth, mine...
WIN Metals strengthens finances as Radio Gold restart study points to robust returns
WIN Metals has advanced its Radio Gold Project with a completed Re-Start Study outlining a low-capital integrated open-pit and underground operation feeding a 120ktpa CIL plant. The plan targets 215kt of ore grading 3.16g/t Au to produce about 20.2ko...
WIN Metals advances WA gold and critical minerals portfolio
WIN Metals Limited, listed on the ASX as WIN, is a Western Australian resources company focused on gold and critical minerals. Its portfolio includes the Radio, Butchers Creek, Golden Crown and Princess Royal gold projects, as well as the Mt Edwards...
WIN Metals unlocks high-value rubidium at Faraday project
WIN Metals has reported successful metallurgical testwork at its Faraday and Trainline pegmatites, confirming that rubidium concentrates can be produced and achieving roast-leach extraction rates of around 94% to 97%. Physical separation methods deli...
WIN Metals Sets November Date and Voting Rules for 2026 AGM
WIN Metals Ltd has announced details for its 2026 Annual General Meeting, which will be held in Perth on 11 November at 10:30am WST. The company has determined that shareholders registered as of 4:00pm WST on 9 November 2026 will be eligible to vote,...
WIN Metals Secures $8m Cash Boost as Tenure Deal Completes
WIN Metals Ltd has completed its tenure rationalisation transaction with Astral Resources NL, receiving an initial payment of $8.05 million, with a further $1 million plus GST payable upon registration of the transfer of mining lease M15/96. The fund...
Astral Resources Secures Full Control of Mandilla Development Footprint
Astral Resources has entered into a transaction with WIN Metals to consolidate tenure and mineral rights around the Mandilla Gold Project, securing title and unfettered control over key mining leases and rights critical to Mandilla’s development. The...
WIN Metals Secures $9m in Tenure Deal with Astral to Streamline Mt Edwards Rights
WIN Metals has agreed a $9.05 million tenure and mineral rights rationalisation deal with Astral Resources over parts of the Mt Edwards Nickel Project, reshaping ownership of nickel and gold rights across several mining leases. The transaction preser...
WIN Metals Lodges Key Permits to Restart High-Grade Radio Gold Project
WIN Metals Ltd has advanced plans to restart its Radio Gold Project, lodging a Mine Development and Closure Plan with Western Australia’s Department of Mines, Petroleum and Exploration and a Works Approval application with the Department of Water and...
WIN Metals Sets AGM Date and Opens Director Nominations
WIN Metals Ltd has scheduled its Annual General Meeting for 11 November 2026, where shareholders will vote on the election of directors in line with ASX listing requirements. The company has set 23 September 2026 as the closing date for receiving wri...
Win Metals Raises Capital via Unquoted Convertible Notes
Win Metals Ltd has notified the market of the issuance of 820,000 unquoted convertible notes, maturing in September 2027, under a new class of securities that will not be quoted on the ASX. The move signals a targeted capital-raising strategy using s...
Win Metals Plans Convertible Note Placement to Raise Capital
Win Metals Ltd has notified the ASX of its intention to undertake a placement involving a proposed issue of convertible notes due September 2027, with a maximum of 860,000 securities to be issued. The notes are expected to be issued on 4 September 20...
WIN Metals Secures Convertible Note Funding to Support Radio Gold Mine Plans
WIN Metals Ltd has secured binding commitments for AUD 860,000 of unsecured, unquoted convertible notes from sophisticated and professional investors to bolster its funding position. The notes carry a 12-month term, 10% annual interest capitalised da...
Win Metals Seeks ASX Quotation for Additional Ordinary Shares
Win Metals Ltd has applied for quotation of 1,698,000 ordinary fully paid shares on the ASX, with an issue date of August 28, 2026. The new securities arise from the exercise or conversion of existing options or other convertible instruments, modestl...
WIN Metals completes Radio Gold Re-Start Study as multi-commodity portfolio advances
WIN Metals Limited, listed on the ASX, operates a multi-commodity portfolio spanning gold, nickel and lithium in Australia. Key assets include the Radio and Butchers Creek gold projects, Golden Crown exploration targets and the Mt Edwards nickel and...
WIN Metals to Outline Radio Gold Project Re‑Start Study in Investor Webinar
WIN Metals Ltd has announced it will host a live investor briefing webinar, led by Managing Director and CEO Steve Norregaard, to update shareholders and the market on its recently completed Radio Gold Project Re‑Start Study. The session will outline...
Win Metals Issues New Unquoted Performance Rights and Long-Term Incentive Options
Win Metals Ltd has issued a total of 199,000 performance rights and 3,815,000 unlisted long-term incentive options as part of an employee incentive scheme that will not be quoted on the ASX. The options vest on 30 September 2027, are exercisable at $...
WIN Metals maps low-capital restart of Radio Gold Project
WIN Metals has completed a preliminary Radio Re-Start Study outlining a low-capital pathway to restarting gold production at its Radio Gold Project through an integrated open-pit and underground mine supported by onsite processing. By utilising exist...
WIN Metals Confirms Exceptional Gold Recoveries at Radio Project
WIN Metals has reported exceptionally strong metallurgical test results from the Radio gold mine in Western Australia, confirming that the ore is free milling with significant gravity gold content. The samples showed gravity and leach extraction valu...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 16, 2026