ProfitabilityDeeply negative EBIT and net margins show the company is not yet demonstrating operational scalability or cost efficiency. Persisting large losses constrain reinvestment capacity and make long-term project funding dependent on external capital or asset sales unless margins materially improve.
Return On EquityA substantially negative ROE indicates the business is destroying shareholder capital rather than generating returns. Over months this undermines investor confidence and makes raising accretive capital harder, pressuring strategy execution and long-term growth plans.
Operating Cash ConversionNegative operating cash conversion means reported losses are not being matched by operating cash inflows, implying reliance on financing for day-to-day activities. This structural cash-generation weakness increases funding risk for ongoing exploration and development programs.