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Bankers Cobalt

TSXV:BANC
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BANC
TSXV
CA$4M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Bankers Cobalt Corp., a natural resource company, acquires, explores for, and develops mineral properties. The last earnings update was 112 days ago. More info.


Add to Portfolio Compare Print
  • Bankers Cobalt has significant price volatility in the past 3 months.
BANC Share Price and Events
7 Day Returns
25%
TSXV:BANC
-1.5%
CA Metals and Mining
0.9%
CA Market
1 Year Returns
-87.9%
TSXV:BANC
-7%
CA Metals and Mining
1.2%
CA Market
BANC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bankers Cobalt (BANC) 25% 87.5% 87.5% -87.9% - -
CA Metals and Mining -1.5% 1.3% 9.8% -7% 6.9% -22.5%
CA Market 0.9% 2.3% 12.4% 1.2% 16.1% 5.9%
1 Year Return vs Industry and Market
  • BANC underperformed the Metals and Mining industry which returned -7% over the past year.
  • BANC underperformed the Market in Canada which returned 1.2% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

BANC Value

 Is Bankers Cobalt undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Bankers Cobalt. This is due to cash flow or dividend data being unavailable. The share price is CA$0.0375.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bankers Cobalt's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bankers Cobalt's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:BANC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.12
TSXV:BANC Share Price ** TSXV (2019-03-19) in CAD CA$0.04
TSXV:BANC Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.752 $0.03
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.44x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bankers Cobalt.

TSXV:BANC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:BANC Share Price ÷ EPS (both in USD)

= 0.03 ÷ -0.12

-0.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bankers Cobalt is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Bankers Cobalt is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Bankers Cobalt's expected growth come at a high price?
Raw Data
TSXV:BANC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.69x
Canada Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.21x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Bankers Cobalt, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bankers Cobalt's assets?
Raw Data
TSXV:BANC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $0.10
TSXV:BANC Share Price * TSXV (2019-03-19) in CAD CA$0.04
TSXV:BANC Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.752 $0.03
Canada Metals and Mining Industry PB Ratio Median Figure of 1,079 Publicly-Listed Metals and Mining Companies 1.42x
Canada Market PB Ratio Median Figure of 2,347 Publicly-Listed Companies 1.56x
TSXV:BANC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:BANC Share Price ÷ Book Value per Share (both in USD)

= 0.03 ÷ 0.10

0.29x

* Primary Listing of Bankers Cobalt.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bankers Cobalt is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Bankers Cobalt's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Bankers Cobalt has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BANC Future Performance

 How is Bankers Cobalt expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bankers Cobalt has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bankers Cobalt expected to grow at an attractive rate?
  • Unable to compare Bankers Cobalt's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Bankers Cobalt's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Bankers Cobalt's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:BANC Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:BANC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:BANC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 -2 -11
2018-06-30 -2 -11
2018-03-31 -2 -11
2017-12-31 -1 -10
2016-12-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Bankers Cobalt is high growth as no earnings estimate data is available.
  • Unable to determine if Bankers Cobalt is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:BANC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bankers Cobalt Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:BANC Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.12
2018-06-30 -0.14
2018-03-31 -0.18
2017-12-31 -0.27
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bankers Cobalt will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Bankers Cobalt's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  2. Bankers Cobalt's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Bankers Cobalt's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bankers Cobalt has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BANC Past Performance

  How has Bankers Cobalt performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bankers Cobalt's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bankers Cobalt does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Bankers Cobalt's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Bankers Cobalt's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Bankers Cobalt's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bankers Cobalt Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:BANC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -11.03 4.92
2018-06-30 -11.22 5.12
2018-03-31 -10.83 4.79
2017-12-31 -9.75 4.02
2016-12-31 -0.07 0.07

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Bankers Cobalt has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Bankers Cobalt has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Bankers Cobalt improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Bankers Cobalt's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bankers Cobalt has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BANC Health

 How is Bankers Cobalt's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bankers Cobalt's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bankers Cobalt's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Bankers Cobalt has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bankers Cobalt's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bankers Cobalt Company Filings, last reported 5 months ago.

TSXV:BANC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 10.40 0.08 0.07
2018-06-30 10.62 0.00 0.73
2018-03-31 10.08 0.00 1.87
2017-12-31 10.51 0.00 4.29
2016-12-31 0.25 0.05 0.02
  • Bankers Cobalt's level of debt (0.8%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Bankers Cobalt's debt level has increased without past 5-year debt data.
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.

  • Bankers Cobalt has less than a year of cash runway based on current free cash flow.
  • Bankers Cobalt has less than a year of cash runway if free cash flow continues to grow at historical rates of 74.3% each year.
X
Financial health checks
We assess Bankers Cobalt's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bankers Cobalt has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BANC Dividends

 What is Bankers Cobalt's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Bankers Cobalt dividends.
If you bought CA$2,000 of Bankers Cobalt shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Bankers Cobalt's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Bankers Cobalt's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:BANC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Bankers Cobalt has not reported any payouts.
  • Unable to verify if Bankers Cobalt's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Bankers Cobalt's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Bankers Cobalt has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bankers Cobalt's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bankers Cobalt afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bankers Cobalt has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BANC Management

 What is the CEO of Bankers Cobalt's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jack Barley
AGE 61
CEO Bio

Mr. Jack Stephen Barley has been Chief Executive Officer and Director at Bankers Cobalt Corp. since October 20, 2017 and also serves as its Chairman. Mr. Barley served as President at Bankers Cobalt Corp. since October 20, 2017 until May 2018. He has been President of CHM Financial Services Inc. since 2001. He has been Executive Chairman at Redhawk Resources, Inc. since 2008 and its Director since July 5, 2007. Mr. Barley has over 30 years of experience in the public corporate arena assisting in the structuring of mergers, acquisitions and providing corporate finance advice. After 15 years of private practice as a corporate finance and securities lawyer, Mr. Barley left the practice of law in 1997 to become President of CHM Financial Services Inc., a private company offering advice to and investing in numerous public companies engaged in the resource and technology sector. He is involved in a number of TSX listed resource companies engaged in international projects and is engaged as Chairman, President or a director in those businesses. Mr. Barley remains a member in good standing of the Law Societies of British Columbia and Alberta and holds a B.Com. degree from Mount Allison University and a LLB. from Dalhousie University.

CEO Compensation
  • Insufficient data for Jack to compare compensation growth.
  • Insufficient data for Jack to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team

Jack Barley

TITLE
Chairman & CEO
AGE
61

Grant Dempsey

TITLE
President & COO
AGE
57
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure of the Bankers Cobalt board of directors in years:

1.3
Average Tenure
  • The average tenure for the Bankers Cobalt board of directors is less than 3 years, this suggests a new board.
Board of Directors

Simon Tuma-Waku

TITLE
Director
TENURE
1.1 yrs

Jack Barley

TITLE
Chairman & CEO
AGE
61

Cesare Fazari

TITLE
Director

David Frances

TITLE
Member of Advisory Board
AGE
50

Greg Hall

TITLE
Member of Advisory Board

Joe Sandberg

TITLE
Member of Advisory Board

Royston Denysschen

TITLE
Director
TENURE
1.1 yrs

Shu Zhan

TITLE
Director
TENURE
1.4 yrs

Shu Zhan

TITLE
Director
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Bankers Cobalt's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bankers Cobalt has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BANC News

Simply Wall St News

What Percentage Of Bankers Cobalt Corp (CVE:BANC) Shares Do Insiders Own?

The big shareholder groups in Bankers Cobalt Corp (CVE:BANC) have power over the company. … With a market capitalization of CA$4.8m, Bankers Cobalt is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Bankers Cobalt

Simply Wall St -

What You Must Know About Bankers Cobalt Corp's (CVE:BANC) Major Investors

I am going to take a deep dive into Bankers Cobalt Corp’s (CVE:BANC) most recent ownership structure, not a frequent subject of discussion among individual investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … Therefore, it is beneficial for us to examine BANC's ownership structure in more detail.

Simply Wall St -

What Investors Should Know About Bankers Cobalt Corp's (CVE:BANC) Financial Strength

Does BANC generate an acceptable amount of cash through operations? … BANC's debt level has been constant at around US$54.37K over the previous year. … At this constant level of debt, BANC's cash and short-term investments stands at US$16.36K for investing into the business.

Simply Wall St -

Does Bankers Cobalt Corp (TSXV:BANC) Have Enough Money Left To Grow?

Additional cash raising may dilute the value of your shares, and since BANC is currently burning more cash than it is making, it’s likely the business will need funding for future growth. … TSXV:BANC Income Statement Oct 28th 17 When will BANC need to raise more cash? … Though, if opex continues to rise at this rate, given how much cash reserves BANC currently has, it will actually need to raise capital again within the next couple of months!

Simply Wall St -

BANC Company Info

Description

Bankers Cobalt Corp., a natural resource company, acquires, explores for, and develops mineral properties. The company primarily explores for cobalt and copper deposits. It holds interests in 26 mineral concessions covering an area of 391 square kilometers located in Katanga Province in southern Democratic Republic of Congo. Bankers Cobalt Corp. is based in Vancouver, Canada.

Details
Name: Bankers Cobalt Corp.
BANC
Exchange: TSXV
Founded:
CA$4,175,926
109,892,812
Website: http://www.bankerscobalt.com
Address: Bankers Cobalt Corp.
789 West Pender Street,
Suite 1080,
Vancouver,
British Columbia, V6C 1H2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV BANC Common Stock TSX Venture Exchange CA CAD 24. Oct 2017
OTCPK NDEN.F Common Stock Pink Sheets LLC US USD 24. Oct 2017
DB BC2 Common Stock Deutsche Boerse AG DE EUR 24. Oct 2017
Number of employees
Current staff
Staff numbers
0
Bankers Cobalt employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 00:45
End of day share price update: 2019/03/19 00:00
Last earnings filing: 2018/11/28
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.