Home / Going-concern warnings / MAGELLAN COPPER & GOLD Corp
Filed 2026-03-31 路 Form 10-K 路 Accession 0001683168-26-002499 nano
Price before filing: $0.25 (2026-03-30 close, split/dividend-adjusted)
Market cap at flag: $6.1M (2026-03-31) 路 Latest: $2.4M (2026-10-15)
| Window | MAGE | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -19.6% | +13.7% | -33.3% | 2026-04-30 |
| 90 days | -36.9% | +17.6% | -54.4% | 2026-06-29 |
| 180 days | -63.0% | +21.8% | -84.7% | 2026-09-28 |
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.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-31 to 2026-04-30. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"As discussed in Note 2 to the consolidated financial statements, the Company suffered a net loss from operations and has an accumulated deficit, which raises substantial doubt about its 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: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report; 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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