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Coda’s history shows a pre-revenue mineral developer whose project-work spending drives operating losses and cash outflows, with equity raisings replenishing liquidity. Property and equipment spending has remained modest relative to operating cash use, so the financial burden is principally study and exploration activity rather than mine construction.
FY2026 brought heavier losses and operating cash use as Elizabeth Creek advanced through extensive pre-feasibility work, while equity funding replenished cash. This develops the existing project-funded model rather than establishing a producing, revenue-generating business.
Whether quarterly operating cash outflows remain aligned with available cash and funding as Elizabeth Creek’s study work progresses.
| Metric | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| 17.5k | 4.2m | 21.8m | 8.2m | 4.7m | 3.4m | 4m | 10.8m | |
| 17.5k | 4.2m | 21.8m | 8.2m | 4.7m | 3.4m | 4m | 10.8m | |
| 13.9k | 118.2k | 180k | 171k | 77.6k | 27.1k | 85.6k | 173.6k | |
| 1.1k | 253.6k | 69k | 792.8k | 224.2k | 176.9k | 219.7k | 235k | |
| 32.5k | 4.6m | 22m | 9.1m | 5m | 3.6m | 4.3m | 11.2m | |
| 1.4m | 1.6m | 2m | 18.2m | 18.1m | 18.2m | 18.2m | 17.8m | |
| — | 1.6m | 2m | 18.2m | 18.1m | 18.2m | 18.2m | 17.8m | |
| — | (101.3k) | (210.1k) | (344.3k) | (493.4k) | (642.9k) | (791.4k) | (941.7k) | |
| 171.2k | 157.9k | 144.6k | 131.2k | 117.9k | 104.6k | 91.2k | 77.9k | |
| — | — | — | — | 150.3k | 204.4k | 205.4k | 230.4k | |
| — | 55k | 55k | 95k | 175.4k | 146.9k | 144.2k | 189.7k | |
| — | 0 | 0 | — | — | — | — | — | |
| 1.6m | 6.3m | 24.2m | 27.6m | 23.6m | 22.2m | 22.9m | 29.5m | |
| 161.9k | 227.5k | 308k | 832.2k | 190k | 60.1k | 138.1k | 714k | |
| 0 | 29.9k | 101.1k | 197.4k | 269.7k | 277.2k | 179.3k | 195.7k | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| — | 91.7k | 98.3k | 98.4k | 7.7k | 114.6k | 100.5k | 112.5k | |
| — | 207.1k | 619.4k | 594.6k | 391.6k | 185k | 245.1k | 640k | |
| 161.9k | 556.1k | 1.1m | 1.7m | 858.9k | 636.8k | 663.1k | 1.7m | |
| 0 | 8k | 91.8k | 0 | 0 | 9.4k | 113.4k | 9.4k | |
| — | 0 | — | — | — | — | 39k | 0 | |
| 161.9k | 564.1k | 1.2m | 1.7m | 858.9k | 646.2k | 815.4k | 1.7m | |
| 1k | 1k | 23.5m | 40.2m | 44.1m | 47.2m | 51.5m | 66.6m | |
| 1.5m | 5.8m | (489.5k) | (14.4m) | (21.4m) | (25.4m) | (29.2m) | (38.6m) | |
| — | — | — | — | (83.9k) | (150k) | (152.7k) | (107.1k) | |
| 1.5m | 5.8m | 23m | 25.9m | 22.7m | 21.6m | 22.1m | 27.8m | |
| 1.6m | 6.3m | 24.2m | 27.6m | 23.6m | 22.2m | 22.9m | 29.5m | |
| 33.5m | 33.5m | 97.8m | 136.8m | 155.7m | 192m | 268.7m | 410.3m |
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Stock intrinsic value is the real worth of a company's stock, based on its financial health and performance.
Instead of looking at the stock's current market price, which can change due to people's opinions and emotions, intrinsic value helps us understand if a stock is truly a good deal or not.
By focusing on the company's actual financial strength, like its earnings and debts, we can make better decisions about which stocks to buy and when.
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