Buy Or Sell Opportunity • Jul 22
Now 29% overvalued Over the last 90 days, the stock has fallen 6.3% to AU$5.03. The fair value is estimated to be AU$3.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 92%. Reported Earnings • Mar 14
First half 2026 earnings released: EPS: AU$0.57 (vs AU$0.36 in 1H 2025) First half 2026 results: EPS: AU$0.57 (up from AU$0.36 in 1H 2025). Revenue: AU$97.3m (up 6.3% from 1H 2025). Net income: AU$30.2m (up 57% from 1H 2025). Profit margin: 31% (up from 21% in 1H 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Ankündigung • Nov 28
Tribune Resources Limited Announces Resignation of Stephen Buckley as Company Secretary, with Effect from 30 November 2025 Tribune Resources Limited advised that Stephen Buckley has resigned his position as Company Secretary with effect from the end of day on 30 November 2025. The Board thanks Stephen for the past seven years and wishes him all the best with his future endeavours. Ankündigung • Oct 06
Tribune Resources Limited, Annual General Meeting, Nov 28, 2025 Tribune Resources Limited, Annual General Meeting, Nov 28, 2025. Location: the plaza hotel, 45 egan street, kalgoorlie, wa Australia New Risk • Sep 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Sep 27
Full year 2025 earnings released: EPS: AU$0.63 (vs AU$0.083 in FY 2024) Full year 2025 results: EPS: AU$0.63 (up from AU$0.083 in FY 2024). Revenue: AU$160.8m (up 49% from FY 2024). Net income: AU$33.2m (up AU$28.9m from FY 2024). Profit margin: 21% (up from 4.0% in FY 2024). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AU$6.21, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 17x in the Metals and Mining industry in Australia. Total returns to shareholders of 109% over the past three years. Reported Earnings • Mar 18
First half 2025 earnings released: EPS: AU$0.36 (vs AU$0.21 in 1H 2024) First half 2025 results: EPS: AU$0.36 (up from AU$0.21 in 1H 2024). Revenue: AU$91.6m (up 44% from 1H 2024). Net income: AU$19.2m (up 73% from 1H 2024). Profit margin: 21% (up from 18% in 1H 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. New Risk • Mar 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 48% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Upcoming Dividend • Nov 11
Upcoming dividend of AU$0.20 per share Eligible shareholders must have bought the stock before 18 November 2024. Payment date: 16 December 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.1%. Lower than top quartile of Australian dividend payers (6.0%). Lower than average of industry peers (5.3%). Ankündigung • Oct 07
Tribune Resources Limited, Annual General Meeting, Nov 29, 2024 Tribune Resources Limited, Annual General Meeting, Nov 29, 2024. Location: at the plaza hotel, 45 egan street, kalgoorlie, western australia., Australia Reported Earnings • Sep 28
Full year 2024 earnings released: EPS: AU$0.083 (vs AU$0.01 in FY 2023) Full year 2024 results: EPS: AU$0.083 (up from AU$0.01 in FY 2023). Revenue: AU$107.9m (up 17% from FY 2023). Net income: AU$4.33m (up AU$3.81m from FY 2023). Profit margin: 4.0% (up from 0.6% in FY 2023). The increase in margin was driven by higher revenue. Production and reserves: Gold Production: 56.717 troy koz Proved and probable reserves (ore): 1.881 Mt (1.532 Mt in FY 2023) Number of mines: 3 (3 in FY 2023) Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to AU$5.20, the stock trades at a trailing P/E ratio of 39.3x. Average trailing P/E is 13x in the Metals and Mining industry in Australia. Total returns to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AU$3.84, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 14x in the Metals and Mining industry in Australia. Total loss to shareholders of 9.6% over the past three years. Reported Earnings • Mar 16
First half 2024 earnings released: EPS: AU$0.21 (vs AU$0.089 in 1H 2023) First half 2024 results: EPS: AU$0.21 (up from AU$0.089 in 1H 2023). Revenue: AU$63.4m (up 22% from 1H 2023). Net income: AU$11.1m (up 138% from 1H 2023). Profit margin: 18% (up from 8.9% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Mar 13
Now 22% undervalued Over the last 90 days, the stock has risen 23% to AU$3.31. The fair value is estimated to be AU$4.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Earnings per share has declined by 79%. Buying Opportunity • Dec 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be AU$3.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Earnings per share has declined by 79%. New Risk • Nov 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$157.4m (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 32% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (349% payout ratio). Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (AU$157.4m market cap, or US$99.8m). Ankündigung • Oct 27
Tribune Resources Limited Declares Fully Franked Dividend, Payable on 30 November 2023 Tribune Resources Limited announced the payment of a dividend to shareholders. The Board has resolved to pay a dividend of 20 cents per share, fully franked at the company tax rate of 30%. Ex-dividend Date is 1 November 2023. Record Date is 2 November 2023. Payment Date is 30 November 2023. Buying Opportunity • Oct 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.7%. The fair value is estimated to be AU$3.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Earnings per share has declined by 79%. Ankündigung • Oct 02
Tribune Resources Limited, Annual General Meeting, Nov 24, 2023 Tribune Resources Limited, Annual General Meeting, Nov 24, 2023, at 09:00 W. Australia Standard Time. Location: The Plaza Hotel, 45 Egan Street Kalgoorlie Western Australia Australia Reported Earnings • Sep 30
Full year 2023 earnings released: EPS: AU$0.01 (vs AU$0.034 in FY 2022) Full year 2023 results: EPS: AU$0.01 (down from AU$0.034 in FY 2022). Revenue: AU$92.5m (down 26% from FY 2022). Net income: AU$522.8k (down 71% from FY 2022). Profit margin: 0.6% (down from 1.4% in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. New Risk • Sep 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 57% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 32% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (191% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Dividend is not well covered by earnings (191% payout ratio). Profit margins are more than 30% lower than last year (5.5% net profit margin). Ankündigung • Aug 14
Tribune Resources Limited Appoints Lyndall Vaughan as Alternate Director to Otakar Demis Tribune Resources Ltd. announced that Mr. Otakar Demis has appointed Ms. Lyndall Vaughan as his Alternate Director for Tribune Resources Limited. Lyndall has a Bachelor of Business (Major in Accounting) and is a CPA. She has worked for both Rand Mining Ltd. and Tribune Resources Ltd. for over 19 years in numerous roles including Office Manager, Accountant, Joint Company Secretary and is currently the Finance Manager of Tribune Resources Ltd. and Rand Mining Ltd. Reported Earnings • Mar 14
First half 2023 earnings released: EPS: AU$0.089 (vs AU$0.019 in 1H 2022) First half 2023 results: EPS: AU$0.089 (up from AU$0.019 in 1H 2022). Revenue: AU$52.2m (down 31% from 1H 2022). Net income: AU$4.66m (up 379% from 1H 2022). Profit margin: 8.9% (up from 1.3% in 1H 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Gordon Sklenka was the last director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Ankündigung • Oct 24
Tribune Resources Limited Declares Dividend, Payable on 15 November 2022 Tribune Resources Limited announced the payment of a dividend to shareholders. The Board has resolved to pay a dividend of 20 cents per share, fully franked at the company tax rate of 30%. The key dates are as follows: Ex-dividend Date is 27 October 2022, record date is 28 October 2022, payment date is 15 November 2022. Reported Earnings • Sep 30
Full year 2022 earnings released: EPS: AU$0.034 (vs AU$0.97 in FY 2021) Full year 2022 results: EPS: AU$0.034 (down from AU$0.97 in FY 2021). Revenue: AU$124.1m (down 30% from FY 2021). Net income: AU$1.80m (down 97% from FY 2021). Profit margin: 1.4% (down from 29% in FY 2021). The decrease in margin was driven by lower revenue. Production and reserves: Gold Proved and probable reserves (ore): 1.31 Mt (1.316 Mt in FY 2021) Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Ankündigung • Sep 28
Tribune Resources Limited, Annual General Meeting, Nov 25, 2022 Tribune Resources Limited, Annual General Meeting, Nov 25, 2022. Location: The Plaza Hotel, 45 Egan Street, Kalgoorlie, WA Australia Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Gordon Sklenka was the last director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 13
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.019 (down from AU$0.40 in 1H 2021). Revenue: AU$75.7m (down 27% from 1H 2021). Net income: AU$973.0k (down 95% from 1H 2021). Profit margin: 1.3% (down from 20% in 1H 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Oct 01
Full year 2021 earnings released: EPS AU$0.97 (vs AU$0.89 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: AU$177.8m (down 1.5% from FY 2020). Net income: AU$50.7m (up 3.2% from FY 2020). Profit margin: 28% (up from 27% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 7% per year. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improved over the past week After last week's 19% share price gain to AU$5.89, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 12x in the Metals and Mining industry in Australia. Total returns to shareholders of 54% over the past three years. Reported Earnings • Mar 13
First half 2021 earnings released The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: (down 100% from 1H 2020). Net income: (down AU$25.8m from profit in 1H 2020). Profit margin: (down from 27% in 1H 2020). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year. Is New 90 Day High Low • Feb 18
New 90-day low: AU$5.10 The company is down 21% from its price of AU$6.45 on 20 November 2020. The Australian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 23% over the same period. Ankündigung • Jan 22
Tribune Resources Limited Provides EKJV Exploration Report December 2020 Quarter Tribune Resources Ltd. provided the Quarterly EKJV Exploration Report. The EKJV is located 25km west north west of Kalgoorlie and 47km north east of Coolgardie. The EKJV is between Rand (12.25%), Tribune Resources Ltd. (36.75%) and Northern Star Resources Ltd. (51%). Exploration activity in the December 2020 quarter across the East Kundana Joint Venture focused on in-mine exploration of the Star Trek, Pode and Hornet Prospects. Surface exploration consisted surface drilling at Hornet, Pode and Golden Hind and completion of a close-spaced gravity survey over the northern EKJV tenements. During the December quarter, a surface diamond drill rig continued the Hornet resource conversion and extension program targeting mineralisation in the footwall of the Centenary Main Vein (CMV) proximal to the Mary Fault. The rig demobilised on 24 November after completing eighteen holes and a further two metallurgical test work holes. Drill hole details for these programs are included under the Rubicon-Hornet-Pegasus-Falcon header. A total of 38 underground diamond drill holes for 12,342 metres were completed during the quarter. Underground exploration drilling from Pode platforms targeted the Startrek, Pode and Notus prospects, while drilling from the Hornet-Rubicon Link focused on Hornet K2B resource conversion and Hornet hanging wall lodes. The Golden Hind prospect is located on the Strzelecki structure south from the Raleigh mine. A program of infill surface RC drilling encompassing 59 holes was completed during the quarter providing a nominal 40m by 40m drill spacing coverage over a potential shallow open pit area. A high-resolution survey was completed north of the Kundana tenements covering M16/181, M16/182 and M16/325 tenements. This dataset will help interpret the structural-stratigraphic architecture around the Zuleika Shear and assist targeting gold mineralisation on secondary or tertiary structures with future drilling programs. Seven Falcon diamond holes returned significant intersection results during the quarter. Most significant intersections were in holes south of the current extent of the Falcon orebody, drilled from Rubicon. Two diamond drill holes targeting Startrek returned significant intersections during the quarter. Mineralisation grading greater than 10 g/t was seen in narrow, irregular quartz veins within the footwall volcanic sediment package. Three diamond drill holes targeting the Pode structure returned significant intersections during the quarter. While all holes intersected the target structure, there is considerable geological variability with PODRT20052 intersecting a strongly sheared zone and PODRT20054 intersecting a narrow, laminated quartz vein. Three diamond drill holes targeting northern extensions of Pode from surface returned significant intersections during the quarter. While all holes intersected the target structure, there is considerable geological variability, with PGDD20006 intersecting a narrow, laminated vein and PGDD20007 intersecting wider zones of irregular veining. Recent Insider Transactions • Dec 31
CEO, MD & Executive Director recently bought AU$332k worth of stock On the 24th of December, Anthony Billis bought around 60k shares on-market at roughly AU$5.53 per share. This was the largest purchase by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Is New 90 Day High Low • Dec 21
New 90-day low: AU$5.71 The company is down 25% from its price of AU$7.60 on 22 September 2020. The Australian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 04
New 90-day low: AU$6.15 The company is down 24% from its price of AU$8.08 on 04 September 2020. The Australian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 12% over the same period. Ankündigung • Nov 25
Tribune Resources Limited Commences Next Phase of Resource Definition Drilling at Japa Gold Project in Ghana Tribune Resources Limited announced that it has commenced the next phase of resource definition drilling at the Company's 100%-owned 1.81 million ounce Japa Gold Project (Japa) in Ghana. The current reverse circulation and diamond core drilling campaign is anticipated to continue until June 2021. The Phase 2 drilling campaign will total approximately 55,000 metres of combined RC and diamond core. The principal objective of the program is to infill sample coverage through most of the Inferred and the more robust zones of unclassified mineralisation at Adiembra to elevate the classification up to a minimum Indicated category for future Reserve estimation. The program will also test along-strike extensions to the Adiembra system through follow-up of past reconnaissance programs and areas of artisanal mining activity, infill existing drill coverage along the greater than three kilometre long Japa-Dadieso Trend, test conceptual targets within the Mining Lease and commence sterilisation drilling across areas tentatively identified for future mine infrastructure requirements. Is New 90 Day High Low • Nov 13
New 90-day low: AU$6.80 The company is down 17% from its price of AU$8.20 on 14 August 2020. The Australian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 6.0% over the same period. Ankündigung • Oct 29
Tribune Resources Ltd Provides the Quarterly EKJV Exploration Report Tribune Resources Ltd. has pleasure in providing the Quarterly EKJV Exploration Report. The EKJV is located 25km west north west of Kalgoorlie and 47km north east of Coolgardie. The EKJV is between Rand (12.25%), Tribune Resources Ltd. (36.75%) and Northern Star Resources Ltd. (51%). During the September quarter, seven surface diamond holes were completed targeting the northern extension of the Pode system ahead of the underground development profile. Upon completion of the Pode program, surface drilling commenced at Hornet targeting mineralisation in the footwall of the Centenary Main Vein (CMV) and proximal to the Mary Fault. Assay results have been returned for only the first three Pode surface drill holes, all other assay results are pending. Underground exploration drilling was focused on the Falcon Corridor and Pode prospects with a total of 20 diamond drill holes (7,984 metres) completed during the quarter. The underground drilling targeting Falcon was conducted from drill platforms in the Hornet 5776 drill drive, Raleigh 6149 access and the Raleigh 5718 stockpile. Underground drilling targeting Pode was conducted from the Pegasus 5811 ore drive south and the Pegasus 5920 drill drive. Sixteen diamond holes targeting Falcon returned intersections with significant gold mineralisation during the quarter. Significant intersections were primarily seen in drill holes below the current extents of the Falcon mineralisation, east. Six underground diamond drill holes targeting the Startrek trend drilled during the June 2020 quarter returned significant assay results during the September quarter. Mineralisation was predominately present in narrow irregular quartz veins within the footwall volcanic sediment package. Is New 90 Day High Low • Oct 05
New 90-day low: AU$6.84 The company is down 3.0% from its price of AU$7.05 on 07 July 2020. The Australian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 2.0% over the same period. Reported Earnings • Oct 02
Full year earnings released - EPS AU$0.89 Over the last 12 months the company has reported total profits of AU$49.1m, up 41% from the prior year. Total revenue was AU$180.4m over the last 12 months, down 50% from the prior year. Profit margins were 27%, which is higher than the 9.6% margin from last year. The increase in margin was driven by lower expenses.