Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Jason Cubitt was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (62% average daily change). Market cap is less than US$10m (€243.3k market cap, or US$270.7k). New Risk • Jul 30
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: -CA$110k 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 (-CA$110k free cash flow). Negative equity (-CA$1.1m). Earnings have declined by 79% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€122.6k market cap, or US$132.8k). Minor Risk Shareholders have been diluted in the past year (2.9% increase in shares outstanding). New Risk • Jun 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended October 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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 (-CA$175k free cash flow). Share price has been highly volatile over the past 3 months (94% average daily change). Earnings have declined by 72% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€125.5k market cap, or US$134.4k). Minor Risks Latest financial reports are more than 6 months old (reported October 2023 fiscal period end). Shareholders have been diluted in the past year (2.9% increase in shares outstanding). New Risk • Dec 14
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: -CA$799k 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 (-CA$799k free cash flow). Share price has been highly volatile over the past 3 months (149% average daily change). Earnings have declined by 72% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€124.7k market cap, or US$137.2k). Minor Risk Shareholders have been diluted in the past year (5.8% increase in shares outstanding). 공시 • Aug 13
Volatus Capital Corp. Announces Board Changes Volatus Capital Corp. announced that effective August 11, 2023 Rod Husband has been appointed a director of the Company. Mr. Husband replaces Alex McAulay who resigned as a director effective August 10, 2023. Mr. Husband is a professional geologist and economic geologist with over 35 years experience in the junior resource and corporate finance sectors. His multidisciplinary experience has developed unique proficencies in evaluating mineral assets and determining their economic viability. He is well versed in project management principles: scope, budget, schedule, communication, quality and risk assessment to add value and produce optimum results. He has served as director and officer of several junior Canadian public companies where he focused on their management and corporate development, including the evaluation, financing, exploration and development of several quality projects. He has raised over $150-million for exploration and development across these companies, culminating the discovery and development of a three-million-ounce gold mine in China. He is a founding partner of Cipher Research, conducting research and analysis on hundreds of companies and projects over the past ten years, helping develop detailed valuation models used to assess prospective investments. 