Home / Going-concern warnings / MAGELLAN COPPER & GOLD Corp
Filed 2026-05-15 路 Form 10-Q 路 Accession 0001683168-26-003960 nano
Price before filing: $0.14 (2026-05-14 close, split/dividend-adjusted)
Market cap at flag: $3.7M (2026-05-15) 路 Latest: $2.4M (2026-10-15)
| Window | MAGE | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -15.8% | +0.9% | -16.7% | 2026-06-15 |
| 90 days | -2.5% | +4.2% | -6.7% | 2026-08-13 |
| 180 days | pending | pending | until 2026-11-11 |
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 March 31, 2026, we had a working capital deficit of $ 2,289,897 , we had not yet generated any significant revenues or achieved profitable operations and we have accumulated losses of $ 22,364,566 . 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 2026-03-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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