MAGELLAN COPPER & GOLD Corp

Exploration-stage micro-cap shell with essentially no cash, no revenue and going-concern doubt.

Strengths

• Holds early-stage gold/copper claims (Center Star, Cable) with historical workings

Risks

• Only $547 cash, a $2.09M working-capital deficit and current/quick ratio ~0.005 (5th pct)
• Going concern, $22.2M accumulated deficit, no revenue and reliance on insider loans/dilution

Notable findings

• Going concernWe expect to incur further losses in the development of our business, all of which casts substantial doubt about our ability to continue as a going concern
• Auditor changeRecent 8-K item 4.01 8-K ↗
• Weak liquidityCurrent ratio 0.00 (<1)
• Chronic dilutionShare count +39%/yr over 3y (dilution)