Ankündigung • Apr 28
Southstone Minerals Limited, Annual General Meeting, Jun 26, 2026 Southstone Minerals Limited, Annual General Meeting, Jun 26, 2026. Ankündigung • Jan 09
Southstone Minerals Limited Common Shares to Be Deleted from OTC Equity Southstone Minerals Limited Common Shares will be deleted from OTC Equity effective January 10, 2025, due to Inactive Security. New Risk • Jul 19
New major risk - Revenue and earnings growth Earnings have declined by 3.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$997k). Earnings have declined by 3.6% per year over the past 5 years. Market cap is less than US$10m (CA$334.0k market cap, or US$243.4k). Minor Risks Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Revenue is less than US$5m (CA$1.4m revenue, or US$1.0m). Board Change • Jul 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Neil Budd was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 23
Full year 2023 earnings released: CA$0.006 loss per share (vs CA$0.019 loss in FY 2022) Full year 2023 results: CA$0.006 loss per share (improved from CA$0.019 loss in FY 2022). Revenue: CA$1.30m (up 53% from FY 2022). Net loss: CA$196.4k (loss narrowed 66% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings. Board Change • Nov 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Director Neil Budd was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Oct 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$1.2m). Market cap is less than US$10m (CA$334.0k market cap, or US$243.6k). Minor Risks Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Revenue is less than US$5m (CA$1.4m revenue, or US$1.0m). Ankündigung • Oct 20
Southstone Minerals Limited announced that it expects to receive CAD 0.068 million in funding Southstone Minerals Limited announced a non-brokered private placement of 1,360,000 common shares at a price of CAD 0.05 per share for the gross proceeds of CAD 68,000 on October 18, 2023. The transaction is subject to receipt of approval by the TSX Venture Exchange. Reported Earnings • Jul 28
Third quarter 2023 earnings released: CA$0.003 loss per share (vs CA$0.006 loss in 3Q 2022) Third quarter 2023 results: CA$0.003 loss per share (improved from CA$0.006 loss in 3Q 2022). Revenue: CA$286.2k (up 146% from 3Q 2022). Net loss: CA$102.0k (loss narrowed 47% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 25 percentage points per year, which is a significant difference in performance. Board Change • Jul 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Director Neil Budd was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Director Neil Budd was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 29
Second quarter 2023 earnings released: CA$0.003 loss per share (vs CA$0.001 loss in 2Q 2022) Second quarter 2023 results: CA$0.003 loss per share (further deteriorated from CA$0.001 loss in 2Q 2022). Net loss: CA$82.9k (loss widened 108% from 2Q 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. Board Change • Mar 31
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Neil Budd was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Neil Budd was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 31
First quarter 2023 earnings released: EPS: CA$0 (vs CA$0.005 loss in 1Q 2022) First quarter 2023 results: EPS: CA$0 (improved from CA$0.005 loss in 1Q 2022). Revenue: CA$1.00m (up 259% from 1Q 2022). Net loss: CA$14.2k (loss narrowed 90% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Board Change • Jan 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Neil Budd was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 16
Full year 2022 earnings released: CA$0.019 loss per share (vs CA$0.019 loss in FY 2021) Full year 2022 results: CA$0.019 loss per share (in line with FY 2021). Revenue: CA$848.3k (down 69% from FY 2021). Net loss: CA$578.5k (loss widened 13% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Board Change • Nov 19
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Director Neil Budd was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Aug 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Director Neil Budd was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jul 26
Third quarter 2022 earnings released: CA$0.006 loss per share (vs CA$0.002 loss in 3Q 2021) Third quarter 2022 results: CA$0.006 loss per share (down from CA$0.002 loss in 3Q 2021). Revenue: CA$116.3k (down 57% from 3Q 2021). Net loss: CA$192.6k (loss widened 258% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Ankündigung • May 07
Southstone Minerals Limited, Annual General Meeting, Jun 08, 2022 Southstone Minerals Limited, Annual General Meeting, Jun 08, 2022, at 08:00 Pacific Standard Time. Location: 2751 Graham Street Victoria British Columbia Canada Agenda: To receive and consider the audited consolidated financial statements of the Company for the year ended August 31, 2021, together with the report of the auditors thereon; to consider and fix the number of directors for the upcoming year at four; to consider and elect directors for the upcoming year; to consider and appoint Davidson & Company LLP, Chartered Professional Accountants, as the auditors of the Company for the upcoming year and to authorize the directors of the Company to fix their remuneration; to ratify and approve the incentive stock option plan of the Company; and to transact such other business as may properly be brought before the Meeting or any adjournment thereof. Reported Earnings • May 01
Second quarter 2022 earnings released: CA$0.001 loss per share (vs CA$0.007 loss in 2Q 2021) Second quarter 2022 results: CA$0.001 loss per share (up from CA$0.007 loss in 2Q 2021). Revenue: CA$314.0k (up 56% from 2Q 2021). Net loss: CA$39.8k (loss narrowed 77% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Director Neil Budd was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jan 29
First quarter 2022 earnings: Revenues in line with analyst expectations First quarter 2022 results: Revenue: CA$279.9k (down 82% from 1Q 2021). Net loss: CA$140.2k (down 323% from profit in 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 26
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CA$0.019 loss per share (down from CA$0.006 profit in FY 2020). Revenue: CA$2.75m (down 52% from FY 2020). Net loss: CA$514.3k (down 466% from profit in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 29
Third quarter 2021 earnings released: CA$0.002 loss per share (vs CA$0.005 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: CA$269.5k (down 37% from 3Q 2020). Net loss: CA$53.8k (loss narrowed 56% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 26
Second quarter 2021 earnings released: CA$0.007 loss per share (vs CA$0.006 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: CA$201.6k (down 85% from 2Q 2020). Net loss: CA$169.7k (loss widened 27% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 01
First quarter 2021 earnings released: EPS CA$0.003 (vs CA$0.005 in 1Q 2020) The company reported a poor first quarter result with weaker earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CA$1.58m (down 41% from 1Q 2020). Net income: CA$62.7k (down 42% from 1Q 2020). Profit margin: 4.0% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Ankündigung • Jan 28
Southstone Minerals Limited, Annual General Meeting, Apr 01, 2021 Southstone Minerals Limited, Annual General Meeting, Apr 01, 2021. Ankündigung • Jan 15
Southstone Minerals Limited Announces Resignation of Kevin Gallagher as Director Southstone Minerals Limited announced that Kevin Gallagher has resigned as a director, effective immediately. Reported Earnings • Dec 25
Full year 2020 earnings released: EPS CA$0.006 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CA$5.71m (up 54% from FY 2019). Net income: CA$140.5k (up CA$502.4k from FY 2019). Profit margin: 2.5% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. 