Home / Going-concern warnings / Greenland Mines Ltd
Filed 2026-04-01 路 Form 10-K 路 Accession 0001213900-26-038629 nano
Price before filing: $16.5 (2026-03-31 close, split/dividend-adjusted)
Market cap at flag: $46.8M (2026-04-01) 路 Latest: $15.2M (2026-10-16)
| Window | GRML | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +56.2% | +10.8% | +45.4% | 2026-05-01 |
| 90 days | -21.2% | +15.1% | -36.3% | 2026-06-30 |
| 180 days | -28.2% | +18.3% | -46.5% | 2026-09-28 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
"As discussed in Note 1 to the financial statements, the Company has incurred recurring losses and has negative cash flows from operations, which raise substantial doubt about the Company's ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Going-concern opinion issued by: BCRG Group
Source: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report; also within 90 days: Auditor change
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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