Breakdown | |||||
TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
---|---|---|---|---|---|
Income Statement | Total Revenue | ||||
0.00 | 0.00 | 412.00 | 5.33K | 5.20K | 5.17K | Gross Profit |
-32.70K | -37.52K | -3.65K | 2.16K | 5.20K | 5.07K | EBIT |
-878.26K | -1.57M | -1.53M | -1.03M | -569.50K | -642.02K | EBITDA |
-1.17M | -1.43M | -1.77M | -1.03M | -569.50K | -639.80K | Net Income Common Stockholders |
-1.16M | -1.47M | -1.77M | -1.03M | -572.94K | -640.30K |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
110.17K | 110.17K | 820.38K | 1.37M | 378.87K | 12.35K | Total Assets |
6.96M | 6.96M | 7.85M | 8.13M | 5.22M | 4.54M | Total Debt |
57.73K | 57.73K | 87.05K | 0.00 | 0.00 | 0.00 | Net Debt |
-52.45K | -52.45K | -733.33K | -1.37M | -378.87K | -12.35K | Total Liabilities |
408.34K | 408.34K | 578.82K | 1.05M | 85.41K | 208.22K | Stockholders Equity |
6.55M | 6.55M | 7.27M | 7.08M | 5.14M | 4.33M |
Cash Flow | Free Cash Flow | ||||
-1.36M | -1.67M | -1.59M | -888.38K | -840.37K | -546.70K | Operating Cash Flow |
-540.83K | -1.52M | -1.50M | -802.87K | -767.55K | -459.13K | Investing Cash Flow |
-137.21K | -155.29K | -94.05K | -164.50K | -72.83K | -87.57K | Financing Cash Flow |
1.20M | 1.02M | 1.11M | 2.01M | 1.17M | 320.53K |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
53 Neutral | C$6.80M | 15.00 | 1.50% | ― | ― | ― | |
51 Neutral | $2.04B | -1.15 | -21.37% | 3.64% | 2.88% | -30.57% | |
39 Underperform | C$7.12M | ― | -17.85% | ― | ― | 48.91% | |
39 Underperform | C$5.20M | ― | -9.80% | ― | ― | -9.09% | |
29 Underperform | C$4.17M | ― | -599.35% | ― | ― | -250.68% | |
$7.75M | ― | -56.10% | ― | ― | ― | ||
$4.18M | ― | -12.29% | ― | ― | ― |
Chatham Rock Phosphate Limited has announced the proposed sale of its Korella North and South mining and exploration leases to the Marshall Group, an Australian entity. The transaction, which includes a cash payment and royalties, is subject to due diligence and contract negotiations. The Marshall Group has shifted to non-exclusive negotiations, allowing other interested parties to re-engage. Additionally, Chatham Rock Phosphate has received unsolicited interest in its other phosphate projects, indicating ongoing interest in the phosphate industry.
Spark’s Take on TSE:NZP Stock
According to Spark, TipRanks’ AI Analyst, TSE:NZP is a Underperform.
Chatham Rock Phosphate Limited faces major financial hurdles, with persistent operational losses and negative cash flows underscoring the need for strategic financial restructuring. The technical analysis points to a bearish trend, while valuation metrics reflect unprofitability. However, recent corporate events provide a glimmer of hope, as successful funding and strategic initiatives could enhance the company’s future prospects. The overall outlook remains cautious, given the significant financial and operational challenges.
To see Spark’s full report on TSE:NZP stock, click here.
Chatham Rock Phosphate Limited has successfully closed a private placement of units, raising gross proceeds of CA$111,940. The funds will be allocated towards completing the permitting process for their Avenir Makatea project, initiating a reapplication for a marine environmental consent on the Chatham Rise, and for general working capital. This development supports the company’s strategic initiatives in phosphate resource development and strengthens its operational capabilities.
Chatham Rock Phosphate Limited has announced an extension of the closing date for its non-brokered private placement to March 21, 2025, from the previously planned March 7. This extension, approved by the TSX Venture Exchange, allows the company to accept additional subscriptions, potentially increasing its capital raise from the sale of up to 5,000,000 units at CAD 0.07 per unit. This move could enhance the company’s financial position and support its strategic initiatives.
Chatham Rock Phosphate Limited has agreed in principle to sell its Korella North and South phosphate projects to the Marshall Group, an Australian entity. The sale includes a cash payment and royalties based on production. The due diligence process for this transaction has been extended to June 30, 2025, which may impact the timeline for finalizing the sale.
Chatham Rock Phosphate Limited is set to participate in the PDAC 2025 conference in Toronto, a key event for mining investments, to showcase its growth and attract investors. The company has expanded from a single project to multiple phosphate ventures, enhancing its market position and aiming for significant operational cash flows by 2028, aligning with their fundraising efforts.