View Future GrowthBlack Iron 과거 순이익 실적과거 기준 점검 0/6Black Iron의 연간 평균 수익은 41.9%였으며, Metals and Mining 산업의 수익은 연간 18.3% 증가했습니다.핵심 정보41.91%순이익 성장률45.74%주당순이익(EPS) 성장률Metals and Mining 산업 성장률27.39%매출 성장률n/a자기자본이익률n/a순이익률n/a최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • Apr 17Black Iron Inc., Annual General Meeting, Jun 11, 2026Black Iron Inc., Annual General Meeting, Jun 11, 2026.공시 • Apr 07Black Iron Inc. announced that it expects to receive CAD 2.36606 million in fundingBlack Iron Inc. announced a non-brokered private placement to issue 23,660,600 units at a price of CAD 0.10 per Unit for gross proceeds of CAD 2,366,060 on April 6, 2026. It is anticipated that the closing of the Offering will occur on or about April 20, 2026, or such other date or dates as the Company may determine. The Units issued to subscribers in the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. Each Unit will consist of one common share and one common share purchase warrant.. Each Warrant will entitle the holder to purchase one common share of the Company at a price of CAD 0.20 per common share for a period of 36 months following the Closing Date. The completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Toronto Stock Exchange, and closing for minimum gross proceeds of approximately $1,200,000 (CAD 1,670,160). Finder's fees may be paid to eligible finders in accordance with the policies of the Toronto Stock Exchange, which may consist of a cash payment of up to 6.0% of the aggregate gross proceeds of the Units sold to investors introduced by such finders and (ii) non-transferable broker warrants equal to 6.0% of the aggregate number of Units issued by the Company to investors introduced by such finders (each, a "Broker Warrant"). Each Broker Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of CAD 0.20 for a period of 36 months from the Closing Date, subject to acceleration in certain circumstances.분석 기사 • Nov 06Will Black Iron (TSE:BKI) Spend Its Cash Wisely?There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...분석 기사 • Jul 11Here's Why We're Watching Black Iron's (TSE:BKI) Cash Burn SituationThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...New Risk • Apr 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% 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 Less than 1 year of cash runway based on free cash flow trend (-US$2.0m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-US$2.0m). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$27.4m market cap, or US$19.2m).공시 • Apr 02Black Iron Inc., Annual General Meeting, Jun 13, 2025Black Iron Inc., Annual General Meeting, Jun 13, 2025.분석 기사 • Mar 03We're Keeping An Eye On Black Iron's (TSE:BKI) Cash Burn RateWe can readily understand why investors are attracted to unprofitable companies. By way of example, Black Iron...New Risk • Aug 07New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: CA$13.7m (US$9.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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$1.3m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-US$767k). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.7m market cap, or US$9.97m).New Risk • Jun 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% 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 Less than 1 year of cash runway based on free cash flow trend (-US$1.3m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-US$441k). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$15.2m market cap, or US$11.1m).Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. Independent Director Zenon Potoczny was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.New Risk • Apr 19New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: CA$13.7m (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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$1.2m free cash flow). Negative equity (-US$154k). Earnings have declined by 0.9% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.7m market cap, or US$9.94m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change).New Risk • Apr 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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$1.2m free cash flow). Negative equity (-US$154k). Earnings have declined by 0.9% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$16.7m market cap, or US$12.1m).New Risk • Mar 08New major risk - Negative shareholders equityThe company has negative equity. Total equity: -US$154k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. 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$1.2m free cash flow). Negative equity (-US$154k). Earnings have declined by 0.9% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$15.2m market cap, or US$11.3m).New Risk • Nov 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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$1.2m free cash flow). Earnings have declined by 6.9% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$15.2m market cap, or US$11.1m).New Risk • Nov 05New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$1.2m 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$1.2m free cash flow). Earnings have declined by 6.9% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$15.2m market cap, or US$11.1m).분석 기사 • May 12Here's Why We're Not Too Worried About Black Iron's (TSE:BKI) Cash Burn SituationThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...분석 기사 • Nov 17We're A Little Worried About Black Iron's (TSE:BKI) Cash Burn RateEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...Recent Insider Transactions • May 22Insider recently bought CA$90k worth of stockOn the 19th of May, William Richards bought around 1m shares on-market at roughly CA$0.09 per share. In the last 3 months, they made an even bigger purchase worth CA$186k. Insiders have collectively bought CA$750k more in shares than they have sold in the last 12 months.Price Target Changed • Apr 27Price target increased to CA$1.65Up from CA$0.35, the current price target is provided by 1 analyst. New target price is 1,335% above last closing price of CA$0.12. Stock is down 81% over the past year. The company posted a net loss per share of US$0.021 last year.분석 기사 • Apr 21We Think Black Iron (TSE:BKI) Needs To Drive Business Growth CarefullyWe can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...Recent Insider Transactions • Mar 04Insider recently bought CA$186k worth of stockOn the 1st of March, William Richards bought around 2m shares on-market at roughly CA$0.12 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$686k more in shares than they have sold in the last 12 months.공시 • Feb 24Black Iron Continues to Progress Project Development in Central UkraineBlack Iron Inc. management want to reassure investors that the Company is continuing development of its Shymanivske Iron Ore Project (the "Project") located in Central Ukraine on the west side of the Dnieper River while carefully monitoring Russia's incursion into Eastern Ukraine. The adjacent iron ore mines to the Project continue to operate without interruption and employees are going to work to as usual. The Company intends to provide updates regarding product offtake and the economics of an updated feasibility study for the Project (the "Updated Feasibility Study") in the near future. Additionally, the Company anticipates filing the Updated Feasibility Study within thirty days of the feasibility study economics being released. Legislation regarding the criteria that needs to be met to qualify for Ukraine's new investment support law is currently being adopted upon which Black Iron plans to submit its application. This investment support agreement has the potential to eliminate the need for Black Iron to pay import duties and VAT (value added tax) on equipment required for Project construction and include support for government land transfer. To apply for this government support, a comprehensive study was prepared covering several aspects of the Project such as anticipated employment, tax payments, technical design, social impacts and benefits. Progressive discussions on government land transfer have also occurred with Ukraine's new Minister of Defence and one of the Deputy Ministers of Defence who are both supportive for this to occur in exchange for a compensation package. Finally, field baseline work remains ongoing as required to complete an Environmental and Social Impact Assessment ("EISA"). The EISA along with the Updated Feasibility Study are key inputs for the royalty provider and banks providing debt to conduct their due diligence for funding of Project construction.Breakeven Date Change • Jan 01Forecast to breakeven in 2024The analyst covering Black Iron expects the company to break even for the first time. New forecast suggests the company will make a profit of US$94.2m in 2024. Average annual earnings growth of 81% is required to achieve expected profit on schedule.분석 기사 • Nov 08We Think Black Iron (TSE:BKI) Can Afford To Drive Business GrowthWe can readily understand why investors are attracted to unprofitable companies. For example, Black Iron ( TSE:BKI...Recent Insider Transactions • Oct 03Insider recently bought CA$410k worth of stockOn the 27th of September, William Richards bought around 1m shares on-market at roughly CA$0.40 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.공시 • Mar 10Black Iron Initiates Environmental Impact AssessmentBlack Iron Inc. announced the engagement of Environmental Resources Management ("ERM") to conduct an environmental and social impact assessment ("ESIA") on its Shymanivske iron ore project (the "Project"). The ESIA is a very important process used to identify likely environmental and social impacts of a project at the design stage to recommend ways to reduce adverse impacts and achieve environmental and social benefits in an economical manner. Completion of an ESIA is a critical path item for Black Iron to secure the necessary permits for Project construction. As outlined in Black Iron's 2021 plan to advance the Project to a fully funded and permitted state, commencement of the ESIA was originally scheduled for April 2021. However, given the importance of this work for Project permitting and as a key input for banks in their due diligence to provide debt financing, Black Iron management have decided to advance starting the ESIA by just over one month to pick up some time on the development schedule. ERM were selected to lead this ESIA based on their highly regarded global reputation of expertise in this field that includes several successful projects also conducted in Ukraine. ERM's personnel have extensive knowledge of the IFC (International Finance Corporation) Performance Standards and EHS (Environment, Health & Safety) guidelines which are often required to be followed by major global lenders including those to Black Iron. ERM has over 140 offices globally with this work being led out of their Romania office.Is New 90 Day High Low • Mar 02New 90-day high: CA$0.44The company is up 167% from its price of CA$0.17 on 01 December 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 1.0% over the same period.Is New 90 Day High Low • Jan 19New 90-day high: CA$0.38The company is up 226% from its price of CA$0.12 on 20 October 2020. The Canadian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 4.0% over the same period.Is New 90 Day High Low • Dec 12New 90-day high: CA$0.24The company is up 100% from its price of CA$0.12 on 11 September 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 10.0% over the same period.매출 및 비용 세부 내역Black Iron가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSX:BKI 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비31 Mar 260-22031 Dec 250-11030 Sep 250-22030 Jun 250-22031 Mar 250-22031 Dec 240-22030 Sep 240-21030 Jun 240-11031 Mar 240-11031 Dec 230-22030 Sep 230-22030 Jun 230-22031 Mar 230-22031 Dec 220-33030 Sep 220-55030 Jun 220-77031 Mar 220-77031 Dec 210-66030 Sep 210-94030 Jun 210-82031 Mar 210-93031 Dec 200-93030 Sep 200-43030 Jun 200-43031 Mar 200-22031 Dec 190-32030 Sep 190-32030 Jun 190-32031 Mar 190-22031 Dec 180-22030 Sep 180-32030 Jun 180-33031 Mar 180-33031 Dec 170-33030 Sep 170-22030 Jun 170-32031 Mar 170-22031 Dec 160-22030 Sep 160-243030 Jun 160-232031 Mar 160-242031 Dec 150-233030 Sep 150-140양질의 수익: BKI 은(는) 현재 수익성이 없습니다.이익 마진 증가: BKI는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: BKI는 수익성이 없지만 지난 5년 동안 연평균 41.9%의 속도로 손실을 줄였습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 BKI의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: BKI은 수익성이 없어 지난 해 수익 성장률을 Metals and Mining 업계(119.4%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: BKI의 부채가 자산을 초과하여 자본 수익률을 계산하기 어렵습니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 04:33종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Black Iron Inc.는 3명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Rajiv ChailATB Cormark Historical (Cormark Securities)Daniel GreenspanMacquarie ResearchRobin KozarRBC Capital Markets
공시 • Apr 17Black Iron Inc., Annual General Meeting, Jun 11, 2026Black Iron Inc., Annual General Meeting, Jun 11, 2026.
공시 • Apr 07Black Iron Inc. announced that it expects to receive CAD 2.36606 million in fundingBlack Iron Inc. announced a non-brokered private placement to issue 23,660,600 units at a price of CAD 0.10 per Unit for gross proceeds of CAD 2,366,060 on April 6, 2026. It is anticipated that the closing of the Offering will occur on or about April 20, 2026, or such other date or dates as the Company may determine. The Units issued to subscribers in the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. Each Unit will consist of one common share and one common share purchase warrant.. Each Warrant will entitle the holder to purchase one common share of the Company at a price of CAD 0.20 per common share for a period of 36 months following the Closing Date. The completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Toronto Stock Exchange, and closing for minimum gross proceeds of approximately $1,200,000 (CAD 1,670,160). Finder's fees may be paid to eligible finders in accordance with the policies of the Toronto Stock Exchange, which may consist of a cash payment of up to 6.0% of the aggregate gross proceeds of the Units sold to investors introduced by such finders and (ii) non-transferable broker warrants equal to 6.0% of the aggregate number of Units issued by the Company to investors introduced by such finders (each, a "Broker Warrant"). Each Broker Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of CAD 0.20 for a period of 36 months from the Closing Date, subject to acceleration in certain circumstances.
분석 기사 • Nov 06Will Black Iron (TSE:BKI) Spend Its Cash Wisely?There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
분석 기사 • Jul 11Here's Why We're Watching Black Iron's (TSE:BKI) Cash Burn SituationThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
New Risk • Apr 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% 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 Less than 1 year of cash runway based on free cash flow trend (-US$2.0m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-US$2.0m). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$27.4m market cap, or US$19.2m).
공시 • Apr 02Black Iron Inc., Annual General Meeting, Jun 13, 2025Black Iron Inc., Annual General Meeting, Jun 13, 2025.
분석 기사 • Mar 03We're Keeping An Eye On Black Iron's (TSE:BKI) Cash Burn RateWe can readily understand why investors are attracted to unprofitable companies. By way of example, Black Iron...
New Risk • Aug 07New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: CA$13.7m (US$9.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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$1.3m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-US$767k). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.7m market cap, or US$9.97m).
New Risk • Jun 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% 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 Less than 1 year of cash runway based on free cash flow trend (-US$1.3m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-US$441k). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$15.2m market cap, or US$11.1m).
Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. Independent Director Zenon Potoczny was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
New Risk • Apr 19New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: CA$13.7m (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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$1.2m free cash flow). Negative equity (-US$154k). Earnings have declined by 0.9% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.7m market cap, or US$9.94m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change).
New Risk • Apr 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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$1.2m free cash flow). Negative equity (-US$154k). Earnings have declined by 0.9% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$16.7m market cap, or US$12.1m).
New Risk • Mar 08New major risk - Negative shareholders equityThe company has negative equity. Total equity: -US$154k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. 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$1.2m free cash flow). Negative equity (-US$154k). Earnings have declined by 0.9% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$15.2m market cap, or US$11.3m).
New Risk • Nov 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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$1.2m free cash flow). Earnings have declined by 6.9% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$15.2m market cap, or US$11.1m).
New Risk • Nov 05New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$1.2m 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$1.2m free cash flow). Earnings have declined by 6.9% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$15.2m market cap, or US$11.1m).
분석 기사 • May 12Here's Why We're Not Too Worried About Black Iron's (TSE:BKI) Cash Burn SituationThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
분석 기사 • Nov 17We're A Little Worried About Black Iron's (TSE:BKI) Cash Burn RateEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Recent Insider Transactions • May 22Insider recently bought CA$90k worth of stockOn the 19th of May, William Richards bought around 1m shares on-market at roughly CA$0.09 per share. In the last 3 months, they made an even bigger purchase worth CA$186k. Insiders have collectively bought CA$750k more in shares than they have sold in the last 12 months.
Price Target Changed • Apr 27Price target increased to CA$1.65Up from CA$0.35, the current price target is provided by 1 analyst. New target price is 1,335% above last closing price of CA$0.12. Stock is down 81% over the past year. The company posted a net loss per share of US$0.021 last year.
분석 기사 • Apr 21We Think Black Iron (TSE:BKI) Needs To Drive Business Growth CarefullyWe can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
Recent Insider Transactions • Mar 04Insider recently bought CA$186k worth of stockOn the 1st of March, William Richards bought around 2m shares on-market at roughly CA$0.12 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$686k more in shares than they have sold in the last 12 months.
공시 • Feb 24Black Iron Continues to Progress Project Development in Central UkraineBlack Iron Inc. management want to reassure investors that the Company is continuing development of its Shymanivske Iron Ore Project (the "Project") located in Central Ukraine on the west side of the Dnieper River while carefully monitoring Russia's incursion into Eastern Ukraine. The adjacent iron ore mines to the Project continue to operate without interruption and employees are going to work to as usual. The Company intends to provide updates regarding product offtake and the economics of an updated feasibility study for the Project (the "Updated Feasibility Study") in the near future. Additionally, the Company anticipates filing the Updated Feasibility Study within thirty days of the feasibility study economics being released. Legislation regarding the criteria that needs to be met to qualify for Ukraine's new investment support law is currently being adopted upon which Black Iron plans to submit its application. This investment support agreement has the potential to eliminate the need for Black Iron to pay import duties and VAT (value added tax) on equipment required for Project construction and include support for government land transfer. To apply for this government support, a comprehensive study was prepared covering several aspects of the Project such as anticipated employment, tax payments, technical design, social impacts and benefits. Progressive discussions on government land transfer have also occurred with Ukraine's new Minister of Defence and one of the Deputy Ministers of Defence who are both supportive for this to occur in exchange for a compensation package. Finally, field baseline work remains ongoing as required to complete an Environmental and Social Impact Assessment ("EISA"). The EISA along with the Updated Feasibility Study are key inputs for the royalty provider and banks providing debt to conduct their due diligence for funding of Project construction.
Breakeven Date Change • Jan 01Forecast to breakeven in 2024The analyst covering Black Iron expects the company to break even for the first time. New forecast suggests the company will make a profit of US$94.2m in 2024. Average annual earnings growth of 81% is required to achieve expected profit on schedule.
분석 기사 • Nov 08We Think Black Iron (TSE:BKI) Can Afford To Drive Business GrowthWe can readily understand why investors are attracted to unprofitable companies. For example, Black Iron ( TSE:BKI...
Recent Insider Transactions • Oct 03Insider recently bought CA$410k worth of stockOn the 27th of September, William Richards bought around 1m shares on-market at roughly CA$0.40 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
공시 • Mar 10Black Iron Initiates Environmental Impact AssessmentBlack Iron Inc. announced the engagement of Environmental Resources Management ("ERM") to conduct an environmental and social impact assessment ("ESIA") on its Shymanivske iron ore project (the "Project"). The ESIA is a very important process used to identify likely environmental and social impacts of a project at the design stage to recommend ways to reduce adverse impacts and achieve environmental and social benefits in an economical manner. Completion of an ESIA is a critical path item for Black Iron to secure the necessary permits for Project construction. As outlined in Black Iron's 2021 plan to advance the Project to a fully funded and permitted state, commencement of the ESIA was originally scheduled for April 2021. However, given the importance of this work for Project permitting and as a key input for banks in their due diligence to provide debt financing, Black Iron management have decided to advance starting the ESIA by just over one month to pick up some time on the development schedule. ERM were selected to lead this ESIA based on their highly regarded global reputation of expertise in this field that includes several successful projects also conducted in Ukraine. ERM's personnel have extensive knowledge of the IFC (International Finance Corporation) Performance Standards and EHS (Environment, Health & Safety) guidelines which are often required to be followed by major global lenders including those to Black Iron. ERM has over 140 offices globally with this work being led out of their Romania office.
Is New 90 Day High Low • Mar 02New 90-day high: CA$0.44The company is up 167% from its price of CA$0.17 on 01 December 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 1.0% over the same period.
Is New 90 Day High Low • Jan 19New 90-day high: CA$0.38The company is up 226% from its price of CA$0.12 on 20 October 2020. The Canadian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 4.0% over the same period.
Is New 90 Day High Low • Dec 12New 90-day high: CA$0.24The company is up 100% from its price of CA$0.12 on 11 September 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 10.0% over the same period.