New Risk • May 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (28% accrual ratio). Revenue is less than US$1m (US$506k revenue). Market cap is less than US$10m (€1.06m market cap, or US$1.24m). New Risk • Nov 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (€693.6k market cap, or US$804.9k). Minor Risk Large one-off items impacting financial results. Board Change • Nov 17
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Juan Urruela is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. お知らせ • Aug 15
Three Valley Copper Corp., Annual General Meeting, Oct 20, 2025 Three Valley Copper Corp., Annual General Meeting, Oct 20, 2025. New Risk • May 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 89% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (€359.7k market cap, or US$410.3k). Minor Risk Large one-off items impacting financial results. New Risk • May 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$3.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.9m free cash flow). Share price has been highly volatile over the past 3 months (106% average daily change). Revenue is less than US$1m. Market cap is less than US$10m (€765.2k market cap, or US$817.3k). Reported Earnings • Nov 30
Third quarter 2023 earnings released: US$0.001 loss per share (vs US$0.039 loss in 3Q 2022) Third quarter 2023 results: US$0.001 loss per share (improved from US$0.039 loss in 3Q 2022). Net loss: US$131.0k (loss narrowed 97% from 3Q 2022). New Risk • Nov 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 25% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). High level of non-cash earnings (27% accrual ratio). Market cap is less than US$10m (€1.15m market cap, or US$1.23m). Reported Earnings • Aug 31
First half 2023 earnings released: US$0.015 loss per share (vs US$0.11 loss in 1H 2022) First half 2023 results: US$0.015 loss per share (improved from US$0.11 loss in 1H 2022). Net loss: US$1.68m (loss narrowed 86% from 1H 2022).