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Showing 1-9 of 9 published briefings.
Balance sheet expanded sharply on fresh equity, but the operating loss and cash burn both deepened against a still sub-materiality revenue base.
Published 23 April 2026
Read briefingThe profit is non-cash and non-operational: operating cash burn widened to $1.5m while the balance sheet was rebuilt through the equity line.
Published 23 April 2026
Read briefingA recapitalised balance sheet has funded the spend, but the half delivered no revenue against an FY24 base that was almost entirely second-half.
Published 23 April 2026
Read briefingFirst-year commercial revenue is real and heavily second-half weighted, but the funding runway has narrowed sharply even after a NZD 723.6m...
Published 22 April 2026
Read briefingThe equity fall dwarfs the reported loss, pointing to material movements outside the income statement alongside a fourfold cash build.
Published 22 April 2026
Read briefingRevenue fell 40.5% to $0.4m while equity shrank 38.7%, leaving a cash-rich but increasingly leveraged capital structure with no operating earnings.
Published 22 April 2026
Read briefingCash halved to NZ$492.5k as losses accelerated against a de minimis top line, leaving a visibly shortening runway with no disclosed guidance or...
Published 22 April 2026
Read briefingA non-producing gold explorer with only interest income saw its loss widen 31% and its cash reserves fall by nearly half in six months.
Published 22 April 2026
Read briefingThe operating loss narrowed sharply, but with near-zero revenue the read is dominated by exploration-stage cash burn against a shrinking balance...
Published 22 April 2026
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