Lion Copper
LCU on Nasdaq. Metal mining. Market value $1.8bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Cash flow or capital spending isn't reported, so free cash flow is unknown.
Should I look at this?
Look carefully before going further
Why it could be worth it
Read the warning sign in its own filings
This is not advice. Check the numbers below.
We could not compute this from the filings.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: not known. Price score: 16 of 100. Our list needs 70 on quality and 60 on price.
$4.63 a share, 119% above its 1-year low
Over the past year the price has ranged from $2.11 to $8.91.
Pays no dividend
Prices from Monday’s close (2 November).
Five years of cash, in billions
| Revenue | |||||
| Revenue | n/a | n/a | n/a | n/a | n/a |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.30bn | 0.31bn | 0.41bn | 0.41bn | 0.43bn |
Health checks
- Free cash flow positiveNot enough data
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)Not enough data
- Profit backed by cash (accruals)No
- DebtUnknown
- Revenue growth, five yearsUnknown
- Buying back its own sharesNo, 42% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- A loss of $4 million, compared with a loss of $2 million a year ago.
- 5% more shares than a year ago. Each share owns a bit less of the company.
| Quarter to | Amount |
|---|---|
| September 2024 | -$363,000 |
| December 2024 | -$751,000 |
| March 2025 | -$2m |
| June 2025 | -$2m |
| September 2025 | -$6m |
| December 2025 | $15m |
| March 2026 | -$6m |
| June 2026 | -$4m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 31 March 2026
- Next quarterly (estimated, 10-Q)
- 9 November 2026
Who owns it
We don't have fund holdings for this stock yet.
Big holders and activists
2 investors own more than 5%.
- Tony L. AlfordInsider or founderat least 45.8%−0.5 pts(filed with 1 related holder)Since 20 October 2026
What they said
Mr. Alford acquired beneficial ownership of the Issuer's securities as described in Item 3 for investment purposes. The reporting persons currently intend to continue to acquire beneficial ownership of additional Common Shares by participating from time to time in private…
Read the filing - Christine AlfordInsider or founder14.2%0.0 ptsSince 6 November 2025
What they said
Mr. Alford acquired beneficial ownership of the Issuer's securities as described in Item 3 for investment purposes. The reporting persons currently intend to continue to acquire beneficial ownership of additional common shares by participating from time to time in private…
Read the filing - TRUIST FINANCIAL CORPPassive investorSold down below 5%Since 30 September 2026
| Holder | Stake | Since | |
|---|---|---|---|
Tony L. Alford Insider or founder | at least 45.8%−0.5 pts (filed with 1 related holder) | 20 October 2026 | What they saidMr. Alford acquired beneficial ownership of the Issuer's securities as described in Item 3 for investment purposes. The reporting persons currently intend to continue to acquire beneficial ownership of additional Common Shares by participating from time to time in private… Read the filing |
Christine Alford Insider or founder | 14.2%0.0 pts | 6 November 2025 | What they saidMr. Alford acquired beneficial ownership of the Issuer's securities as described in Item 3 for investment purposes. The reporting persons currently intend to continue to acquire beneficial ownership of additional common shares by participating from time to time in private… Read the filing |
TRUIST FINANCIAL CORP Passive investor | Sold down below 5% | 30 September 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 2 insiders bought $325,269 of shares on the open market.
- Alford Tony LDirectorBought
- Date
- 23 October 2026
- Shares
- 1,000
- Price
- $4.20
- Value
- $4,200
- Alford Tony LDirectorBought
- Date
- 21 October 2026
- Shares
- 3,000
- Price
- $4.17
- Value
- $12,500
- Alford Tony LDirectorBought
- Date
- 12 October 2026
- Shares
- 1,000
- Price
- $3.84
- Value
- $3,840
- SHARMAN MARK BRADYDirectorBought
- Date
- 9 October 2026
- Shares
- 7,285
- Price
- $3.98
- Value
- $28,997
- Alford Tony LDirectorBought
- Date
- 9 October 2026
- Shares
- 5,500
- Price
- $4.01
- Value
- $22,040
- Alford Tony LDirectorBought
- Date
- 8 October 2026
- Shares
- 100
- Price
- $4.17
- Value
- $417
- Alford Tony LDirectorBought
- Date
- 8 October 2026
- Shares
- 2,000
- Price
- $4.21
- Value
- $8,430
- Alford Tony LDirectorBought
- Date
- 7 October 2026
- Shares
- 1,000
- Price
- $4.40
- Value
- $4,400
- SHARMAN MARK BRADYDirectorBought
- Date
- 7 October 2026
- Shares
- 1,000
- Price
- $4.39
- Value
- $4,388
- SHARMAN MARK BRADYDirectorBought
- Date
- 25 September 2026
- Shares
- 1,200
- Price
- $6.50
- Value
- $7,800
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 23 October 2026 | Alford Tony L Director | Bought | 1,000 | $4.20 | $4,200 |
| 21 October 2026 | Alford Tony L Director | Bought | 3,000 | $4.17 | $12,500 |
| 12 October 2026 | Alford Tony L Director | Bought | 1,000 | $3.84 | $3,840 |
| 9 October 2026 | SHARMAN MARK BRADY Director | Bought | 7,285 | $3.98 | $28,997 |
| 9 October 2026 | Alford Tony L Director | Bought | 5,500 | $4.01 | $22,040 |
| 8 October 2026 | Alford Tony L Director | Bought | 100 | $4.17 | $417 |
| 8 October 2026 | Alford Tony L Director | Bought | 2,000 | $4.21 | $8,430 |
| 7 October 2026 | Alford Tony L Director | Bought | 1,000 | $4.40 | $4,400 |
| 7 October 2026 | SHARMAN MARK BRADY Director | Bought | 1,000 | $4.39 | $4,388 |
| 25 September 2026 | SHARMAN MARK BRADY Director | Bought | 1,200 | $6.50 | $7,800 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
1 serious warning sign in Lion Copper’s filings.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We couldn't fully read the 10-K filed 31 Mar 2026, so we can't say there are no warning signs.
Doubt it can keep going
SeriousThe company or its auditor warned it may not have enough money to last the next year.
“These conditions and events raise substantial doubt about the Company's ability to continue as a going concern.”
Show the full paragraph
The Company has not generated revenue and will require additional financing to fund general corporate and administrative activities and repay its outstanding convertible debt obligations when due. Although the Company has historically been successful in raising capital, there can be no assurance that additional financing will be available on acceptable terms, or at all. These conditions and events raise substantial doubt about the Company's ability to continue as a going concern.
From the 10-Q filed 10 August 2026, Part I, Item 1. Financial Statements. Read it in the filing
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- Profits run ahead of cash.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.