Latest news with #CentaurusMetals
Yahoo
25-03-2025
- Business
- Yahoo
We Think Centaurus Metals (ASX:CTM) Can Afford To Drive Business Growth
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse. So should Centaurus Metals (ASX:CTM) shareholders be worried about its cash burn? For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. As at December 2024, Centaurus Metals had cash of AU$18m and no debt. Looking at the last year, the company burnt through AU$16m. That means it had a cash runway of around 13 months as of December 2024. While that cash runway isn't too concerning, sensible holders would be peering into the distance, and considering what happens if the company runs out of cash. Depicted below, you can see how its cash holdings have changed over time. Check out our latest analysis for Centaurus Metals Although Centaurus Metals reported revenue of AU$2.2m last year, it didn't actually have any revenue from operations. That means we consider it a pre-revenue business, and we will focus our growth analysis on cash burn, for now. Notably, its cash burn was actually down by 63% in the last year, which is a real positive in terms of resilience, but uninspiring when it comes to investment for growth. While the past is always worth studying, it is the future that matters most of all. For that reason, it makes a lot of sense to take a look at our analyst forecasts for the company. There's no doubt Centaurus Metals' rapidly reducing cash burn brings comfort, but even if it's only hypothetical, it's always worth asking how easily it could raise more money to fund further growth. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Commonly, a business will sell new shares in itself to raise cash and drive growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn. Since it has a market capitalisation of AU$184m, Centaurus Metals' AU$16m in cash burn equates to about 8.7% of its market value. Given that is a rather small percentage, it would probably be really easy for the company to fund another year's growth by issuing some new shares to investors, or even by taking out a loan. Centaurus Metals appears to be in pretty good health when it comes to its cash burn situation. Not only was its cash burn relative to its market cap quite good, but its cash burn reduction was a real positive. While we're the kind of investors who are always a bit concerned about the risks involved with cash burning companies, the metrics we have discussed in this article leave us relatively comfortable about Centaurus Metals' situation. An in-depth examination of risks revealed 2 warning signs for Centaurus Metals that readers should think about before committing capital to this stock. If you would prefer to check out another company with better fundamentals, then do not miss this free list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
14-03-2025
- Business
- Yahoo
Centaurus secures key licence for Brazilian nickel sulphide project
Centaurus Metals has secured an installation licence for its 100%-owned Jaguar nickel sulphide project in northern Brazil's Pará State. The licence, which has been granted by Pará's state environmental agency, Semas, authorises the company to initiate construction activities for the project under its existing design. Valid until March 2029, the licence allows Centaurus to build a nickel concentration plant along with related infrastructure including pits, dams and waste piles. The licence also allows for activities such as vegetation clearing and fauna management during construction along with the main water permits. Centaurus Metals managing director Darren Gordon said: 'The grant of the installation licence puts us firmly on the path to make a final investment decision [FID] later in the year, once a suitable financing package is secured, and enables the company to start construction of one of the world's most significant new nickel sulphide mines. 'Jaguar is a significant project for the region and for local communities, and will generate significant economic, social and community benefits over a long period of time. We are looking forward to working with all key stakeholders over the coming months to bring this fantastic project to fruition.' Situated in the western part of Carajás Mineral Province of Brazil, the Jaguar project was acquired from Vale in April 2020. The project includes various nickel sulphide deposits and exploration targets within a 30km² land package. The issuance of the installation licence clears the way for the formal granting of the mining lease, the last condition to be met after the grant of technical approval in December 2023. Centaurus expects to secure the mining lease in the coming months. The earlier issued preliminary licence/installation licence for the powerline in February 2024 allows for its construction pending engineering completion, funding and landowner agreements. "Centaurus secures key licence for Brazilian nickel sulphide project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
12-03-2025
- Business
- Yahoo
Centaurus secures key licence for Brazilian nickel sulphide project
Centaurus Metals has secured an installation licence for its 100%-owned Jaguar nickel sulphide project in northern Brazil's Pará State. The licence, which has been granted by Pará's state environmental agency, Semas, authorises the company to initiate construction activities for the project under its existing design. Valid until March 2029, the licence allows Centaurus to build a nickel concentration plant along with related infrastructure including pits, dams and waste piles. The licence also allows for activities such as vegetation clearing and fauna management during construction along with the main water permits. Centaurus Metals managing director Darren Gordon said: 'The grant of the installation licence puts us firmly on the path to make a final investment decision [FID] later in the year, once a suitable financing package is secured, and enables the company to start construction of one of the world's most significant new nickel sulphide mines. 'Jaguar is a significant project for the region and for local communities, and will generate significant economic, social and community benefits over a long period of time. We are looking forward to working with all key stakeholders over the coming months to bring this fantastic project to fruition.' Situated in the western part of Carajás Mineral Province of Brazil, the Jaguar project was acquired from Vale in April 2020. The project includes various nickel sulphide deposits and exploration targets within a 30km² land package. The issuance of the installation licence clears the way for the formal granting of the mining lease, the last condition to be met after the grant of technical approval in December 2023. Centaurus expects to secure the mining lease in the coming months. The earlier issued preliminary licence/installation licence for the powerline in February 2024 allows for its construction pending engineering completion, funding and landowner agreements. "Centaurus secures key licence for Brazilian nickel sulphide project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
26-02-2025
- Business
- Yahoo
Centaurus Metals And 2 Other Promising Penny Stocks On The ASX
The Australian market has seen some fluctuations recently, with the ASX 200 slightly down due to persistent inflation concerns, although certain sectors like Energy and Industrials have shown resilience. In such a climate, investors often look beyond well-known names to explore opportunities in smaller companies that might offer unique value propositions. While the term "penny stocks" may seem outdated, these investments can still present substantial opportunities when chosen carefully; Centaurus Metals and two other promising stocks on the ASX exemplify this potential by combining strong financials with growth prospects. Name Share Price Market Cap Financial Health Rating IVE Group (ASX:IGL) A$2.39 A$370.18M ★★★★★☆ Helloworld Travel (ASX:HLO) A$2.05 A$333.78M ★★★★★★ Bisalloy Steel Group (ASX:BIS) A$3.15 A$150.9M ★★★★★★ GTN (ASX:GTN) A$0.52 A$102.12M ★★★★★★ Austin Engineering (ASX:ANG) A$0.435 A$269.76M ★★★★★☆ EZZ Life Science Holdings (ASX:EZZ) A$2.01 A$94.82M ★★★★★★ Perenti (ASX:PRN) A$1.26 A$1.18B ★★★★★★ Southern Cross Electrical Engineering (ASX:SXE) A$1.735 A$458.51M ★★★★★★ MotorCycle Holdings (ASX:MTO) A$1.80 A$132.85M ★★★★★☆ SHAPE Australia (ASX:SHA) A$3.16 A$261.46M ★★★★★★ Click here to see the full list of 1,030 stocks from our ASX Penny Stocks screener. Let's uncover some gems from our specialized screener. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Centaurus Metals Limited is an exploration company focused on evaluating mineral resource properties in Brazil, with a market cap of A$186.26 million. Operations: No revenue segments have been reported. Market Cap: A$186.26M Centaurus Metals, with a market cap of A$186.26 million, is pre-revenue and currently unprofitable, with no significant revenue streams reported. The company benefits from a seasoned board and management team, boasting average tenures of 11.4 years and 5.3 years respectively. Despite its negative return on equity (-56.73%) and increased losses over the past five years at 39% annually, Centaurus remains debt-free with short-term assets (A$27.8M) covering both short- and long-term liabilities comfortably. However, it faces cash runway challenges beyond one year if current free cash flow trends persist without improvement in profitability projections within the next three years. Click here to discover the nuances of Centaurus Metals with our detailed analytical financial health report. Review our growth performance report to gain insights into Centaurus Metals' future. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Noxopharm Limited is an Australian biotech company focused on discovering and developing treatments for cancer, inflammation, and mRNA vaccines, with a market cap of A$27.18 million. Operations: The company's revenue is derived from its activities in the development of treatments in both oncology and non-oncology, amounting to A$2.40 million. Market Cap: A$27.18M Noxopharm Limited, with a market cap of A$27.18 million, is pre-revenue and unprofitable, reporting a net loss of A$1.24 million for the half year ending December 31, 2024. Despite this, the company maintains a solid financial position with short-term assets (A$4.8M) exceeding liabilities and no debt burden. The management team and board are experienced with average tenures of 4.1 years and 4.9 years respectively. Noxopharm possesses sufficient cash runway for over three years at current free cash flow levels but faces challenges in achieving meaningful revenue growth in its biotech endeavors amidst declining earnings trends over five years. Click here and access our complete financial health analysis report to understand the dynamics of Noxopharm. Explore historical data to track Noxopharm's performance over time in our past results report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: XRF Scientific Limited manufactures and markets precious metal products, specialized chemicals, and instruments for the scientific, analytical, construction material, and mining industries across Australia, Canada, and Europe with a market cap of A$288.01 million. Operations: The company generates revenue through three main segments: Consumables (A$18.86 million), Precious Metals (A$21.48 million), and Capital Equipment (A$22.20 million). Market Cap: A$288.01M XRF Scientific Limited, with a market cap of A$288.01 million, demonstrates financial stability through its diverse revenue streams across Consumables, Precious Metals, and Capital Equipment segments. Recent earnings for the half year ended December 31, 2024 show sales at A$28.7 million and net income at A$5.01 million. The company boasts a seasoned management team with an average tenure of 11.5 years and maintains strong financial health with short-term assets exceeding liabilities and cash surpassing total debt. Despite low Return on Equity (18.1%), XRF's earnings growth outpaces the industry average while maintaining high-quality past earnings without significant shareholder dilution. Take a closer look at XRF Scientific's potential here in our financial health report. Examine XRF Scientific's earnings growth report to understand how analysts expect it to perform. Investigate our full lineup of 1,030 ASX Penny Stocks right here. Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks. Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Jump on the AI train with fast growing tech companies forging a new era of innovation. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:CTM ASX:NOX and ASX:XRF. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
