Widgie Nickel Limited (AU:WIN)
ASX:WIN
Want to see AU:WIN full AI Analyst Report?
Top Page
Widgie Nickel Limited
(Sydney:WIN)
Select Model
Select Model
Rating:42Neutral
Price Target:
AU$0.02
▼(-50.00% Downside)
Action:Reiterated
Date:06/10/26
The score is primarily weighed down by weak financial performance (pre-revenue status, sharply wider losses, ongoing cash burn, and significant equity erosion). Technicals add further pressure with the price below key moving averages and a negative MACD. Valuation contributes limited support because the negative P/E reflects losses and no dividend yield is available.
Positive Factors
Low Financial Leverage
Very low debt (debt-to-equity <~1%) materially reduces near-term solvency pressure and gives management time to pursue exploration, farm-outs or asset sales without immediate debt servicing strain. That structural cushion supports longer-term project optionality.
Negative Factors
Pre-revenue with sharply wider losses
The absence of operating revenue combined with a large jump in losses undermines earnings visibility and long-term viability without successful asset monetization or fresh capital. Persistent negative profitability strains resources and raises execution risk for development plans.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
Very low debt (debt-to-equity <~1%) materially reduces near-term solvency pressure and gives management time to pursue exploration, farm-outs or asset sales without immediate debt servicing strain. That structural cushion supports longer-term project optionality.
Read all positive factors
Widgie Nickel Limited (WIN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$18.00M
Dividend YieldN/A
Average Volume (3M)7.42M
Price to Earnings (P/E)―
Beta (1Y)2.12
Revenue GrowthN/A
EPS Growth93.90%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding857,377,400
10 Day Avg. Volume3,687,670
30 Day Avg. Volume7,419,247
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.57
Price to Sales (P/S)0.00
P/FCF Ratio-1.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Widgie Nickel Limited Business Overview & Revenue Model
Company Description
Australian-based Widgie Nickel Limited is a company focused on the exploration and development of mineral resources. The firm's primary objective is to discover nickel deposits. Among its assets is the significant Mt Edwards nickel project, an ext...
How the Company Makes Money
Widgie Nickel Limited’s primary way of making money is through value creation and monetization of mineral assets rather than ongoing operating revenue from product sales. This typically occurs via (1) exploration and development work that increase...
Widgie Nickel Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
55
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -21.50K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -890.73K | -1.73M | -490.19K | -387.99K | -92.31K | 0.00 |
| EBITDA | -3.75M | -3.91M | -1.80M | -1.65M | -2.63M | -27.26K |
| Net Income | -3.27M | -33.77M | -2.30M | -2.06M | -2.04M | -27.26K |
Balance Sheet | ||||||
| Total Assets | 23.77M | 17.03M | 42.78M | 46.96M | 36.77M | 2.19M |
| Cash, Cash Equivalents and Short-Term Investments | 5.93M | 2.34M | 1.69M | 11.84M | 16.44M | 166.81K |
| Total Debt | 87.07K | 130.71K | 113.07K | 278.37K | 358.37K | 2.21M |
| Total Liabilities | 3.69M | 2.94M | 1.24M | 4.05M | 3.53M | 2.25M |
| Stockholders Equity | 20.08M | 14.09M | 41.54M | 42.91M | 33.24M | -60.80K |
Cash Flow | ||||||
| Free Cash Flow | -6.79M | -5.07M | -11.00M | -15.89M | -7.42M | -519.10K |
| Operating Cash Flow | -5.24M | -3.90M | -10.62M | -14.74M | -6.76M | -27.26K |
| Investing Cash Flow | 1.01M | 940.55K | -102.07K | -955.93K | -616.14K | -491.83K |
| Financing Cash Flow | 7.27M | 3.61M | 572.52K | 11.29M | 23.81M | 597.39K |
Widgie Nickel Limited Technical Analysis
Negative
0.04
Price Trends
0.02
Negative
0.02
Negative
0.03
Negative
Market Momentum
>-0.01
Negative
46.60
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WIN, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.60 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WIN.
Widgie Nickel Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | AU$20.52M | -45.26 | -2.36% | ― | ― | 10.09% | |
46 Neutral | AU$12.75M | -2.22 | -11.39% | ― | -11.18% | 25.19% | |
45 Neutral | AU$20.60M | -4.07 | -137.88% | ― | ― | -43.48% | |
45 Neutral | AU$14.54M | -6.71 | -13.47% | ― | ― | 33.33% | |
42 Neutral | AU$18.00M | -4.02 | -19.15% | ― | ― | 93.90% |
* Basic Materials Sector Average
AU:WIN
Widgie Nickel Limited
0.02
0.00
0.00%
AU:AZI
Altamin Limited
0.02
<0.01
14.29%
AU:AKO
Akora Resources Ltd.
0.08
-0.02
-20.62%
AU:NC1
NICO Resources Limited
0.16
0.06
63.16%
AU:MGL
Magontec Limited
0.21
0.02
10.53%
Widgie Nickel Limited Corporate Events
WIN Metals lifts Radio Gold resource and advances toward development decision
Jun 1, 2026
WIN Metals has upgraded the Mineral Resource Estimate at its Radio Gold Project to 366,000 tonnes at 4.2 grams per tonne gold for 49,600 ounces, marking a 21% increase in total ounces and 73% growth since acquiring the asset in 2025. The 2026 dril...
WIN Metals expands Radio Gold hub with Princess Royal mine acquisition
May 26, 2026
WIN Metals has completed the acquisition of the fully permitted Princess Royal Gold Mine, located about 80 km south-west of its existing Radio Gold Project in Western Australia, adding a high-grade historical producer to its portfolio. The deal ex...
WIN Metals Details Growing Gold and Base Metals Portfolio at RIU Sydney
May 5, 2026
WIN Metals Limited has released a presentation for the RIU Sydney Resources Round-Up outlining its portfolio of gold and base metals projects and the supporting technical work completed to date. The document consolidates prior ASX announcements on...
WIN Metals Uncovers Bonanza Grades at Radio Gold Project, Boosting Development Case
May 3, 2026
WIN Metals has reported exceptionally high‑grade gold assay results from its 2026 drilling and underground sampling programs at the Radio Gold Project in Western Australia, including underground samples grading up to 334 grams per tonne and ...
WIN Metals boosts Radio Gold resource and expands Southern Cross gold hub
Apr 30, 2026
WIN Metals has reported a 46% increase in the Mineral Resource at its Radio Gold Project in Western Australia to 41,000 ounces of gold at 3.70 grams per tonne, with around half of the resource now classified as Indicated. This upgrade, underpinned...
WIN Metals Reaffirms Resource Base and Near‑Term Gold Focus in AMEC Briefing
Mar 31, 2026
WIN Metals Limited used an AMEC investor briefing dated 31 March 2026 to outline its project portfolio and reiterate previously disclosed exploration results and resource estimates across its gold, nickel and lithium assets. The presentation empha...
Win Metals Plans Issue of 1.5 Million New Shares on ASX
Mar 31, 2026
Win Metals Ltd has announced a proposed issue of up to 1.5 million fully paid ordinary shares as part of a placement or other type of capital raising. The new securities, to be listed under the existing ASX code WIN, are scheduled for issue on 23 ...
WIN Metals boosts Radio Gold Project with high-grade gold acquisitions
Mar 31, 2026
WIN Metals has moved to expand its Radio Gold Project in Western Australia by acquiring the fully permitted Princess Royal gold mine and securing an exclusive option over the nearby Stumpy Doodle gold mine. Both operations sit on granted mining le...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.