CALRF — Stock Film
STOCK FILMSCENE 1/11CALRF · $0.09
Stock Expert AI presents
CALRF
Calidus Resources Limited
~4 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Calidus Resources Limited. What it actually does.

Explores for gold deposits in Australia. Develops gold mining projects. Now — the numbers.

on the stock market since 2018
$55.2M market value
Revenue last year:
$57.7M
The loss that same year:
$4.3M
For every $1 it earns, the company spends $1.1.

The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.

THE SALES TREND
Sales are growing overall, with a pause along the way.

Average growth of 116% a year over the last 4 years. Red columns mark years that ended in a loss.

$2.6M
2019
2020
2021
2022
$57.7M
2023
In the vault right now:
$15.5M
DEBT: $58.3M
At this pace, that money lasts about 3.6 years.

At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.

THE PRICE TAG
MARKET VALUE / ANNUAL SALES

This company is not turning a profit, so the market is pricing its sales instead: for every dollar of annual revenue.

No analyst target is on record for this company.

THE COUNCIL REVIEW
9

angles, checked one by one.

The 3 that stand out are on screen; the rest came back neutral.

The council scores out of 10; report-card grades are out of 100.

WEAK SPOTS
The stock has lost its spark0/10
Little set aside for the future2/10
Thin profit on each sale3/10
WORTH WATCHING

R&D Investment: Spending on future research is low.

THE FIVE-YEAR JOURNEY
A big climb, then a hard fall.

An investor who bought at the very peak is down 86% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.

1
THE BRIGHT SIDE · 1/2
Sales keep climbing

Over the last 4 years, sales grew about 116% a year on average.

2
THE BRIGHT SIDE · 2/2
The product is selling

Sales run at $57.7M a year. A small number, but proof the product has real buyers.

1
THE RISKS · 1/2
Running at a loss

A loss of $4.3M against $57.7M in annual sales.

2
THE RISKS · 2/2
Trading under $1

The stock sits at $0.09. Under exchange rules, stocks that stay below $1 for too long risk being removed from the market.

FINALE · THE GRADE
grade pending

We don’t have a report card for this stock yet — the data isn’t mature enough to grade. No grade is information too: it means the evidence is thin.

One-line summary: few numbers, an untested story. Keep watching.

What would you like to do next?
Open the stock page →

Not covered, because the filings we hold do not carry it: earnings execution, the revenue breakdown.

This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film