Golden Star Resource Corp.

GLNSdata completeness 63%19 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'

i. The business — what you’d actually own

Figure	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	—	—	—	—	—
Net income	−$39,698¹	−$57,557²	−$46,221³	−$47,628⁴	−$69,127⁴
Operating cash flow	−$29,663⁵	−$42,995⁶	−$139,527⁷	−$37,557⁸	−$47,081⁸
Capital expenditure	—	—	—	—	—
Free cash flow (derived)	—	—	—	—	—
Total debt	—	—	—	—	—
Cash & equivalents	$92⁹	—	$9¹⁰	$13¹¹	$45¹¹
Diluted shares	7.1M	7.1M	7.1M	7.1M	7.1M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal

If you owned

Net assets behind them

−$1.26

your share of equity

Profit it earned you last year

−$0.1

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on −$1.26 of net worth that earned you −$0.1 last year.

iii. Is this a good business?

Moat signal · return on equity

— avg · 5y

Not enough data in the filings for a return-on-capital reading.

Management signal · capital allocation

−0% shares · 5y

Share count is roughly flat over 5 years — little dilution, little buyback.

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0

DCF · Growth Exit 10Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

DCF · Growth Exit 5Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

Earnings Power Value

not applicable

normalized (5y-median) earnings non-positive — EPV undefined

Graham Number

not applicable

diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts