Minerals 260 Balance Sheet Health

Financial Health criteria checks 6/6

Minerals 260 has a total shareholder equity of A$10.9M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$12.0M and A$1.2M respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$11.10m
Equity	AU$10.87m
Total liabilities	AU$1.18m
Total assets	AU$12.05m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: MI6's short term assets (A$11.3M) exceed its short term liabilities (A$656.8K).

Long Term Liabilities: MI6's short term assets (A$11.3M) exceed its long term liabilities (A$520.9K).

Debt to Equity History and Analysis

Debt Level: MI6 is debt free.

Reducing Debt: MI6 currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MI6 has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MI6 has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 9.6% each year.

Minerals 260 Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

MD & Director recently bought AU$50k worth of stock

Less than half of directors are independent

Minerals 260 Limited, Annual General Meeting, Nov 22, 2024

New minor risk - Financial data availability

New minor risk - Share price stability

New minor risk - Share price stability

Independent Non-Executive Director recently bought AU$120k worth of stock

Minerals 260 Limited Appoints David Richards to Non-Executive Director

Minerals 260 Limited Appoints Luke McFadyen as Managing Director

New minor risk - Financial data availability

Non-Executive Director recently bought AU$125k worth of stock

Minerals 260 Limited Announces Transition of Richards to Non-Executive Director

Minerals 260 Limited Provides an Update on the Extensive Reverse Circulation Drilling Program Which Commenced in November 2022 to Test Multiple Targets Across the Moora and Koojan Projects in Western Australia

Minerals 260 Limited Announces Major Drilling Campaign Underway At Moora and Koojan

High number of new and inexperienced directors

Minerals 260 Limited Announces Significant Bedrock Palladium-Platinum Intersect for the First Time At Moora Ahead of Major New Drilling Program

Independent Non-Executive Director recently bought AU$82k worth of stock

Minerals 260 Limited (ASX:MI6) executed of a Binding Letter Agreement to acquire Ti Tree Project from Hastings Technology Metals Limited (ASX:HAS) for AUD 55.965 million.

Minerals 260 Limited Advises Further Results from Follow-Up Reverse Circulation Drilling

Minerals 260 Limited, Annual General Meeting, Nov 22, 2022

Minerals 260 Limited Announces Retirement of Craig Williams as Non-Executive Director Craig Williams

Minerals 260 Limited Advises Initial Assay Results from Follow-Up Reverse Circulation

Minerals 260 Limited Announces Appointment of Curtis Abbott as Chief Financial Officer, Effective July 1, 2022

Minerals 260 Limited Commences New Drilling Program at its 100%-Owned Moora Gold-Pge-Nickel-Copper Project, WA

High number of new and inexperienced directors

Minerals 260 Limited Announces Second Significant Copper-Gold Zone Discovered At Moora

Minerals 260 Limited Announces Wide Copper-Gold Zone Confirmed At Moora

Minerals 260 Limited Receives Assay Results for the First Four Holes of Recently Completed Drilling Program At Its 100%-Owned Moora Project in Western Australia

High number of new and inexperienced directors

High number of new and inexperienced directors

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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