Home / Going-concern warnings / MAGELLAN COPPER & GOLD Corp
Filed 2025-11-14 路 Form 10-Q 路 Accession 0001683168-25-008349 nano
Price before filing: $0.2275 (2025-11-13 close, split/dividend-adjusted)
Market cap at flag: $6.0M (2025-11-14) 路 Latest: $2.4M (2026-10-15)
| Window | MAGE | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +1.1% | +1.3% | -0.2% | 2025-12-15 |
| 90 days | +13.6% | +1.7% | +11.9% | 2026-02-12 |
| 180 days | -38.5% | +11.1% | -49.5% | 2026-05-13 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
"At September 30, 2025, we had a working capital deficit of $ 2,105,675 , we had not yet generated any significant revenues or achieved profitable operations and we have accumulated losses of $ 22,098,614 . We expect to incur further losses in the development of our business, all of which raises substantial doubt as to our ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-09-30)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Auditor change
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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