West Wits Mining Limited
CHIA:WWI Stock Report
West Wits Mining Balance Sheet Health
Financial Health criteria checks 5/6 West Wits Mining has a total shareholder equity of A$25.1M and total debt of A$60.0K, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are A$28.2M and A$3.1M respectively.
Key information Interest coverage ratio n/a Cash AU$1.41m Equity AU$25.13m Total liabilities AU$3.10m Total assets AU$28.23m
Recent financial health updates
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West Wits Mining Limited, Annual General Meeting, Nov 25, 2024 Oct 23 West Wits Mining Limited announced that it has received $1.5 million in funding Aug 26
New minor risk - Share price stability Apr 15
New major risk - Financial position Mar 13
New minor risk - Share price stability Feb 01
West Wits Mining Limited Announces Resignation of Peter O'Malley as Non-Executive Director Jan 15 West Wits Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.2 million. Nov 03
West Wits Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.2 million. Nov 02
West Wits Mining Limited, Annual General Meeting, Nov 23, 2023 Sep 30
New minor risk - Financial data availability Sep 26
New minor risk - Financial data availability Sep 10
West Wits Mining Limited Announces Board and Management Changes Jul 11 West Wits Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. Feb 10
West Wits Mining Limited Announces Maiden Drill Holes Hit Significant Gold Intercept at the Mt Cecelia Project Jan 18
West Wits Mining Limited Announces Complete the First Pass Drilling Program At the Mt Cecelia Project in the Paterson Province, Western Australia Dec 16
No independent directors Nov 17
West Wits Mining Limited Announces Rio Tinto Exploration Commences Maiden Drilling Program at West Wits' Mt Cecelia Project Nov 03
West Wits Mining Limited, Annual General Meeting, Nov 30, 2022 Oct 08
West Wits Mining Limited Announces WBP Positive Phase 1 Uranium Drilling Results Oct 06
West Wits Mining Limited Announces Board Changes Oct 03
West Wits Mining Limited Announces Project 200 Trade-Off Studies Positive Sep 15 West Wits Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million. Aug 18
West Wits Mining Limited Announces the Commencement of First Phase Drilling Aug 06
West Wits Mining Announces the Results of Revised Definitive Feasibility Study for Its Phase 1 Qala Shallows of the Witwatersrand Basin Project Aug 04 West Wits Mining Limited announced that it expects to receive AUD 75 million in funding from SBC Global Investors May 27
Less than half of directors are independent Apr 27
West Wits Mining Limited Announces First Ore Produced At Witwatersrand Basin Project Feb 22
West Wits Mining Limited Announces Witwatersrand Basin Project Update Sep 29
West Wits Mining Limited Announces Ground EM Survey Confirms High-Priority Targets At Mt Cecelia Sep 12
West Wits Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 7.0072 million. Aug 10
West Wits Mining Limited announced that it expects to receive AUD 7.0072 million in funding Aug 05
West Wits Mining Limited Announce a Mineral Resource Estimate Update for the Kimberley East Project At the Company's Witwatersrand Basin Project, South Africa Jul 06
West Wits Mining Limited Announces Mining Right Application Update Jun 24
MD & Director recently sold AU$227k worth of stock Mar 28
West Wits Mining Limited Provides Mining Right Application Update Mar 19
West Wits Mining Limited Announces Mining Right Application Update Feb 01
West Wits Mining Limited Announces Application Update Dec 12
West Wits Mining Limited Announces Board Changes Nov 19 West Wits Mining Limited Appoints Johannes Sefika as General Manager - Mining
West Wits Mining Completes an Airborne Electromagnetic Survey at its Mt Cecelia Project Oct 05
Full year earnings released - AU$0.19 loss per share Oct 01
West Wits Mining Limited announced that it has received AUD 3.40075 million in funding Aug 21
West Wits Mining Limited announced that it expects to receive AUD 3.40075 million in funding Aug 15
Financial Position Analysis
Short Term Liabilities: WWI's short term assets (A$1.5M) do not cover its short term liabilities (A$2.4M).
Long Term Liabilities: WWI's short term assets (A$1.5M) exceed its long term liabilities (A$732.0K).
Debt to Equity History and Analysis
Debt Level: WWI has more cash than its total debt.
Reducing Debt: WWI's debt to equity ratio has reduced from 1.2% to 0.2% over the past 5 years.
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: WWI has sufficient cash runway for 6 months based on last reported free cash flow , but has since raised additional capital.
Forecast Cash Runway: WWI is forecast to have sufficient cash runway for 3 months based on free cash flow estimates , but has since raised additional capital.
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