Is Platinum Group Metals (TSE:PTM) In A Good Position To Invest In Growth? [Yahoo! Finance]
Platinum Group Metals Ltd. Ordinary Shares (Canada) (PLG)
NASDAQ:AMEX Investor Relations:
platinumgroupmetals.net/investor-relations/default.aspx
Company Research
Source: Yahoo! Finance
listing, if you had bought and held the shares since 1999, you would have made a fortune. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed. Given this risk, we thought we'd take a look at whether Platinum Group Metals TSE:PTM ) shareholders should be worried about its cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. Let's start with an examination of the business' cash, relative to its cash burn. Check out our latest analysis for Platinum Group Metals How Long Is Platinum Group Metals' Cash Runway? A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. In November 2023, Platinum Group Metals had US$7.1m in cash, and was debt-free. Looking at the last year, the company burnt through US$7.9m. So it had a cash runway of app
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PLG
News
- Update on Funding and on Repayment of Asset Based Debt Facility & General Corporate Update [Yahoo! Finance]Yahoo! Finance
- Building a platform for collaboration and climate action [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Platinum Group Metals Ltd. Reports Second Quarter Results [Yahoo! Finance]Yahoo! Finance
- Platinum Group Metals: They've Recognized The Problem At Least [Seeking Alpha]Seeking Alpha
- Midnight Sun Appoints Darin Wagner to Advisory Board [Yahoo! Finance]Yahoo! Finance
PLG
Sec Filings
- 4/16/24 - Form 6-K
- 3/1/24 - Form 6-K
- 2/6/24 - Form SC
- PLG's page on the SEC website