29Metals（29M）株式概要29Metals Limitedは銅を中心とした卑金属、貴金属の探鉱、開発、生産を行っている。 詳細29M ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長4/6過去の実績2/6財務の健全性3/6配当金0/6報酬当社が推定した公正価値より82.3%で取引されている 収益は年間40.41%増加すると予測されています 今年は黒字化を達成 リスク分析過去1年間で株主の希薄化が進んだ 財務結果に影響を与える大きな一時的項目 すべてのリスクチェックを見る29M Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueAU$Current PriceAU$0.268.9% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-440m963m2016201920222025202620282031Revenue AU$962.5mEarnings AU$41.1mAdvancedSet Fair ValueView all narrativesFeatured narrative•Materials opportunityUpside Gold3 months ago author updated this narrativeSTFair Value from stuart_robertsCA$5.0768.0% 割安 内在価値ディスカウントAn Undervalued 3.3Moz Gold Project in CanadaKey takeaways Upside Gold is developing the Kena Gold Project, near the town of Nelson in the Kootenays region of southern British Columbia. Kena hosts a historical gold resource of 3.33 million ounces (561,000 ounces Indicated and 2.77 million ounces Inferred) across a 10,200-hectare land package.Read full narrative15.3kusers have viewed this narrative43users have liked this narrative1users have commented on this narrative289users have followed this narrativeRead narrative29Metals Limited 競合他社AIC MinesSymbol: ASX:A1MMarket cap: AU$502.5mAurelia MetalsSymbol: ASX:AMIMarket cap: AU$533.4mJupiter MinesSymbol: ASX:JMSMarket cap: AU$530.8mChallenger GoldSymbol: ASX:CELMarket cap: AU$329.2m価格と性能株価の高値、安値、推移の概要29Metals過去の株価現在の株価AU$0.2652週高値AU$0.6752週安値AU$0.13ベータ0.921ヶ月の変化-33.77%3ヶ月変化-38.92%1年変化104.00%3年間の変化-76.44%5年間の変化n/aIPOからの変化-87.38%最新ニュースRecent Insider Transactions • May 07Independent Deputy Chair of the Board recently bought AU$59k worth of stockOn the 5th of May, Nicholas Cernotta bought around 250k shares on-market at roughly AU$0.24 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth AU$87k. Nicholas has been a buyer over the last 12 months, purchasing a net total of AU$181k worth in shares.お知らせ • Apr 0929Metals Limited to Report Q1, 2026 Results on Apr 29, 202629Metals Limited announced that they will report Q1, 2026 results on Apr 29, 2026お知らせ • Feb 2629Metals Limited, Annual General Meeting, May 21, 202629Metals Limited, Annual General Meeting, May 21, 2026. Location: hybrid meeting, melbourne Australiaお知らせ • Jan 2029Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 150 million.29Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 150 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 297,500,000 Price\Range: AUD 0.4 Discount Per Security: AUD 0.14 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 77,500,000 Price\Range: AUD 0.4 Discount Per Security: AUD 0.14 Transaction Features: Regulation S; Rights Offeringお知らせ • Dec 2129Metals Limited to Report Q4, 2025 Results on Jan 29, 202629Metals Limited announced that they will report Q4, 2025 results on Jan 29, 2026お知らせ • Sep 1929Metals Limited to Report Q3, 2025 Results on Oct 15, 202529Metals Limited announced that they will report Q3, 2025 results on Oct 15, 2025最新情報をもっと見るRecent updatesRecent Insider Transactions • May 07Independent Deputy Chair of the Board recently bought AU$59k worth of stockOn the 5th of May, Nicholas Cernotta bought around 250k shares on-market at roughly AU$0.24 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth AU$87k. Nicholas has been a buyer over the last 12 months, purchasing a net total of AU$181k worth in shares.お知らせ • Apr 0929Metals Limited to Report Q1, 2026 Results on Apr 29, 202629Metals Limited announced that they will report Q1, 2026 results on Apr 29, 2026お知らせ • Feb 2629Metals Limited, Annual General Meeting, May 21, 202629Metals Limited, Annual General Meeting, May 21, 2026. Location: hybrid meeting, melbourne Australiaお知らせ • Jan 2029Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 150 million.29Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 150 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 297,500,000 Price\Range: AUD 0.4 Discount Per Security: AUD 0.14 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 77,500,000 Price\Range: AUD 0.4 Discount Per Security: AUD 0.14 Transaction Features: Regulation S; Rights Offeringお知らせ • Dec 2129Metals Limited to Report Q4, 2025 Results on Jan 29, 202629Metals Limited announced that they will report Q4, 2025 results on Jan 29, 2026お知らせ • Sep 1929Metals Limited to Report Q3, 2025 Results on Oct 15, 202529Metals Limited announced that they will report Q3, 2025 results on Oct 15, 2025お知らせ • Aug 2729Metals Limited to Report First Half, 2025 Results on Aug 26, 202529Metals Limited announced that they will report first half, 2025 results on Aug 26, 2025Reported Earnings • Aug 27First half 2025 earnings released: EPS: AU$0.026 (vs AU$0.16 loss in 1H 2024)First half 2025 results: EPS: AU$0.026 (up from AU$0.16 loss in 1H 2024). Revenue: AU$271.0m (up 12% from 1H 2024). Net income: AU$35.3m (up AU$144.5m from 1H 2024). Profit margin: 13% (up from net loss in 1H 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Metals and Mining industry in Australia. 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 46% per year, which means it is performing significantly worse than earnings.Buy Or Sell Opportunity • Aug 18Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 88% to AU$0.28. The fair value is estimated to be AU$0.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 2.8% in a year. Earnings are forecast to grow by 84% in the next year.お知らせ • Jun 2329Metals Limited to Report Q2, 2025 Results on Jul 17, 202529Metals Limited announced that they will report Q2, 2025 results on Jul 17, 2025お知らせ • Apr 0729Metals Limited to Report Q1, 2025 Results on Apr 29, 202529Metals Limited announced that they will report Q1, 2025 results on Apr 29, 2025お知らせ • Feb 2629Metals Limited, Annual General Meeting, May 23, 202529Metals Limited, Annual General Meeting, May 23, 2025.お知らせ • Feb 1729Metals Limited to Report Fiscal Year 2024 Final Results on Feb 26, 202529Metals Limited announced that they will report fiscal year 2024 final results on Feb 26, 2025お知らせ • Jan 2029Metals Limited to Report Q4, 2024 Results on Jan 29, 202529Metals Limited announced that they will report Q4, 2024 results on Jan 29, 2025お知らせ • Jan 1629Metals Limited Announces Company Secretary Changes29Metals Limited announced the appointment of Ms. Melinda Shiell as Company Secretary, effective 16 January 2025. Ms. Shiell's appointment follows the resignation of Ms. Naomi Dolmatoff as Company Secretary, who will leave the Company on 31 January 2025. For the purposes of ASX Listing Rule 12.6, Ms Shiell is the person responsible for communications with ASX.New Risk • Jan 03New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 95% This is considered a major 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 Risk Shareholders have been substantially diluted in the past year (95% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).お知らせ • Dec 2529Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 179.982993 million.29Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 179.982993 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 175,654,745 Price\Range: AUD 0.27 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 134,200,000 Price\Range: AUD 0.27 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 356,748,934 Price\Range: AUD 0.27 Transaction Features: Rights Offering; Subsequent Direct Listingお知らせ • Dec 0529Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 180 million.29Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 180 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 570,370,370 Price\Range: AUD 0.27 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 96,296,296 Price\Range: AUD 0.27 Transaction Features: Rights Offering; Subsequent Direct Listingお知らせ • Nov 01EMR Capital Reportedly Readies Adviser to Help Weigh Options for its 29Metals StakeEMR Capital (EMR Capital Pty. Ltd.) is said to be poised to hire an adviser to weigh options for its stake in listed copper miner 29Metals Limited (ASX:29M). While EMR Capital has had some stellar results with its investments, and 29Metals is no exception, the public market performance of the copper miner has been disappointing for the firm that still owns 45%, as well as its investors. While 29Metals listed in 2021 with a market value of about $1 billion, it is now worth about $300 million following flooding at the Capricorn Copper mine in Queensland that had taken it out of operation. Now there's speculation that it will need another equity raising, having already tapped the market for $151 million last year through Macquarie Capital and Jarden. One solution is that the business, which also owns the Golden Grove copper and gold mine in Western Australia, is sold, and the understanding is that EMR is positioning itself to shop its interest to suitors that could be the catalyst for an all-of-company deal. Macquarie Capital usually works for 29Metals, but the understanding is that 29Metals will seek out its own investment banking adviser. DataRoom understands the highly acquisitive Metals Acquisition has taken a look at the business, as has Develop, headed by former Northern Star boss Bill Beament, but they have walked away. They may return to the negotiating table at the right price, particularly as they remain keen to increase their exposure to copper. The 29Metals share price fell sharply last week when it delivered its quarterly report, revealing that money was tight.お知らせ • Oct 0829Metals Limited to Report Q3, 2024 Results on Oct 23, 202429Metals Limited announced that they will report Q3, 2024 results on Oct 23, 2024Reported Earnings • Aug 28First half 2024 earnings released: AU$0.16 loss per share (vs AU$0.64 loss in 1H 2023)First half 2024 results: AU$0.16 loss per share (improved from AU$0.64 loss in 1H 2023). Revenue: AU$243.0m (up 3.4% from 1H 2023). Net loss: AU$109.2m (loss narrowed 64% from 1H 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Metals and Mining industry in Australia.New Risk • Aug 28New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$106m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$106m). Shareholders have been diluted in the past year (46% increase in shares outstanding).お知らせ • Aug 2329Metals Limited to Report First Half, 2024 Results on Aug 27, 202429Metals Limited announced that they will report first half, 2024 results on Aug 27, 2024お知らせ • Jun 1929Metals Limited to Report Q2, 2024 Results on Jul 24, 202429Metals Limited announced that they will report Q2, 2024 results on Jul 24, 2024お知らせ • Mar 0629Metals Limited, Annual General Meeting, May 21, 202429Metals Limited, Annual General Meeting, May 21, 2024.お知らせ • Mar 0329Metals Limited to Report Q1, 2024 Results on Apr 23, 202429Metals Limited announced that they will report Q1, 2024 results on Apr 23, 2024Reported Earnings • Feb 26Full year 2023 earnings released: AU$0.80 loss per share (vs AU$0.098 loss in FY 2022)Full year 2023 results: AU$0.80 loss per share (further deteriorated from AU$0.098 loss in FY 2022). Revenue: AU$449.7m (down 38% from FY 2022). Net loss: AU$440.5m (loss widened AU$393.2m from FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat.New Risk • Feb 16New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$133.2m (US$86.9m) 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: Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (46% increase in shares outstanding). Market cap is less than US$100m (AU$133.2m market cap, or US$86.9m).お知らせ • Jan 3029Metals Limited to Report Fiscal Year 2023 Results on Feb 23, 202429Metals Limited announced that they will report fiscal year 2023 results on Feb 23, 2024New Risk • Jan 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (46% increase in shares outstanding).お知らせ • Dec 1629Metals Limited to Report Fiscal Year 2023 Results on Jan 30, 202429Metals Limited announced that they will report fiscal year 2023 results on Jan 30, 2024お知らせ • Dec 1529Metals Limited Announces Retirement of Peter Albert Retire as CEO on 30 April 202429Metals Limited announced a transition plan that will see Managing Director & CEO, Peter Albert, retire from the role on 30 April 2024. The transition plan agreed by the Board and Peter follows succession planning discussions in the context of charting the Company's path forward after completion of the Capricorn Copper recovery plan and Peter's desire to move into the next phase of his career. An executive search has commenced for the next Managing Director & CEO of 29Metals. The transition period announced will facilitate that process and an orderly handover. In parallel to search for the new Managing Director & CEO, Peter will continue to lead the Company during the transition period, with the full support of the Board and the team at 29Metals, focusing on the successful completion of the Capricorn Copper recovery, securing key regulatory approvals and delivering plans at Golden Grove.お知らせ • Dec 1429Metals Limited Announces Managing Director, Peter Albert Retire from the Role on 30 April 202429Metals Limited announced a transition plan that will see Managing Director & CEO, Peter Albert, retire from the role on 30 April 2024. The transition plan agreed by the Board and Peter follows succession planning discussions in the context of charting the Company's path forward after completion of the Capricorn Copper recovery plan and Peter's desire to move into the next phase of his career. An executive search has commenced for the next Managing Director & CEO of 29Metals. The transition period announced will facilitate that process and an orderly handover. In parallel to search for the new Managing Director & CEO, Peter will continue to lead the Company during the transition period, with the full support of the Board and the team at 29Metals, focusing on the successful completion of the Capricorn Copper recovery, securing key regulatory approvals and delivering plans at Golden Grove.New Risk • Oct 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.0% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (46% increase in shares outstanding).お知らせ • Oct 0529Metals Limited to Report Q3, 2023 Results on Oct 25, 202329Metals Limited announced that they will report Q3, 2023 results Pre-Market on Oct 25, 2023お知らせ • Sep 2929Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 150.768438 million.29Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 150.768438 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 176,811,594 Price\Range: AUD 0.69 Discount Per Security: AUD 0.03105 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 41,693,388 Price\Range: AUD 0.69 Discount Per Security: AUD 0.03105 Transaction Features: Rights OfferingRecent Insider Transactions • Sep 09Independent Non-Executive Director recently bought AU$76k worth of stockOn the 5th of September, Martin Alciaturi bought around 100k shares on-market at roughly AU$0.76 per share. This transaction increased Martin's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Reported Earnings • Sep 01First half 2023 earnings released: AU$0.64 loss per share (vs AU$0.001 profit in 1H 2022)First half 2023 results: AU$0.64 loss per share (down from AU$0.001 profit in 1H 2022). Revenue: AU$235.0m (down 34% from 1H 2022). Net loss: AU$306.7m (down AU$307.1m from profit in 1H 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Metals and Mining industry in Australia.New Risk • Aug 31New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$354m Forecast net loss in 2 years: AU$14m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company.お知らせ • Aug 1929Metals Limited to Report First Half, 2023 Results on Aug 30, 202329Metals Limited announced that they will report first half, 2023 results on Aug 30, 2023お知らせ • Jul 0629Metals Limited Provides an Update Regarding the Capricorn Copper Recovery29Metals Limited provided an update regarding the Capricorn Copper Recovery. The phased recovery plan for Capricorn Copper was outlined in the Strategic Update released to the ASX announcements platform on 23 May 2023. 29Metals advised that the Recovery is progressing to plan, with the Phase 1 initial restart of operations on track for August 2023. Key milestones since the May 2023 Strategic Update include: Water treatment for mining and mineral processing - preparation of ponds 3 and 4 for the interim water treatment solution is nearing completion. Procurement and installation of pumps and piping infrastructure is well advanced. Water quality management and volume reduction - new high-efficiency mechanical evaporators have been delivered to site, with installation and commissioning expected by early August once delivery of final electrical components is completed. In addition, smaller previously decommissioned mechanical evaporators have been returned to service to further enhance the mechanical evaporation capacity on site. Engagement with the regulator regarding 29Metals' other water quality management and volume reduction strategies is constructive and ongoing. The Mammoth and Greenstone underground mines are being maintained in a state of operational readiness in preparation for the Phase 1 restart. The underground mining contractor, Byrnecut Australia Pty Ltd, has commenced re-mobilisation of personnel and equipment. Mineral processing facilities - the limited damage to the mineral processing facilities caused by the extreme weather event, notably the coarse-ore feeders conveyor, has been repaired. General maintenance of the mill is underway, with a restart plan in place. Early activity for Phase 2 of the Recovery is progressing to plan for the targeted mid-H1 2024 restart of the Esperanza South sub-level cave mine, with the design and selection of pumping and ancillary infrastructure to dewater ESS largely completed and in procurement. Recovery costs are in line with plan. As the implementation of the Recovery progresses, 29Metals will continue to assess opportunities to reduce Recovery costs. In parallel with the Recovery plan activities, 29Metals continues to engage with the regulator regarding the next lift (lift 2) of the Esperanza tailings storage facility (the `ETSF'). The approval process for the proposed lift is ongoing as 29Metals works through further technical matters raised by the regulator. 29Metals continues to investigate alternative shorter-term tailings storage capacity options to seek to mitigate ongoing delays in the approvals process as the site transitions to a planned new life-of-mine tailings storage facility.お知らせ • Jun 2129Metals Limited to Report Q2, 2023 Results on Jul 25, 202329Metals Limited announced that they will report Q2, 2023 results on Jul 25, 2023お知らせ • May 2529Metals Limited Updates Production Guidance for the Year 202329Metals Limited updated production guidance for the year 2023. For the year, the company expects Ore mined in the range of 1,964 kt to 2,184 kt, Ore milled in the range of 1,923 kt to 2,143 kt, Copper in the range of 24 kt to 29 kt, Zinc in the range of 54kt to 61 kt, Gold in the range of 20 koz to 23 koz, Silver in the range of 990 koz to 1,100 koz.Buying Opportunity • May 25Now 31% undervalued after recent price dropOver the last 90 days, the stock is down 63%. The fair value is estimated to be AU$0.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 5.0% in 2 years. Earnings is forecast to grow by 86% in the next 2 years.Reported Earnings • Feb 24Full year 2022 earnings released: AU$0.098 loss per share (vs AU$0.49 profit in FY 2021)Full year 2022 results: AU$0.098 loss per share (down from AU$0.49 profit in FY 2021). Revenue: AU$720.7m (up 20% from FY 2021). Net loss: AU$47.2m (down 139% from profit in FY 2021). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat.お知らせ • Jan 2429Metals Limited Provides Production Guidance for the Year 202329Metals Limited provided production guidance for the year 2023. The company expects metal guidance of 36,000 tonnes to 43,000 tonnes against approximately 41,000 tonnes produced in 2022. Zinc metal guidance of 54,000 tonnes to 61,000 tonnes against approximately 58,000 tonnes produced in 2022. Gold metal guidance of 20,000 ounces to 23,000 ounces against approximately 27,000 ounces produced in 2022 and silver metal guidance of 1.15 million ounces to 1.33 million ounces against 1.57 million ounces produced in 2022.お知らせ • Jan 2029Metals Limited to Report Q4, 2022 Results on Jan 24, 202329Metals Limited announced that they will report Q4, 2022 results on Jan 24, 2023お知らせ • Dec 2229Metals Limited Provides Production Guidance for the Full Year of 2022 and Provides Preliminary Production Guidance for the Year 202329Metals Limited provided production guidance for the full year of 2022 and provided preliminary production guidance for the year 2023. For the year 2022, the company expects copper and zinc metal production to be in the lower half of the guidance range, as previously indicated. Gold and silver metal production to be at or above the top end of the guidance range.For the year 2023, the company expects copper metal production to be approximately flat, year-on-year; zinc metal production to increase by approximately 5% to10%, year-on-year; and gold and silver metal production to be 10% to 15% lower, year-on-year.Valuation Update With 7 Day Price Move • Dec 21Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to AU$2.24, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 9x in the Metals and Mining industry in Australia. Total loss to shareholders of 20% over the past year.お知らせ • Nov 2229Metals Limited Announces the Results of Feasibility Studies for Gossan Valley29Metals Limited announced the results of feasibility studies for Gossan Valley (the `GV Studies') and the prefeasibility study for Cervantes (the `Cervantes PFS'), confirming the viability of each project and extending Golden Grove's history of organic growth potential. 29Metals will commence the regulatory approval process for Gossan Valley in the March 2023 quarter. Final approval submissions are expected to be lodged at the beginning of the September 2023 quarter. During 2023, 29Metals will also continue to evaluate opportunities to accelerate access to first production ore at GossanValley, including the potential to develop an exploration decline to provide access to underground drilling platforms to test open areas of the Gossan Valley Deposits, as well as providing early access to production ore (subject to regulatory approvals). Vendor engagement regarding long lead items is expected to commence in the second half 2023. The Mineral Resources estimates applied for the Cervantes PFS do not incorporate the drilling results reported in 2022 (year-to-date). Updates to 29Metals' Mineral Resources estimates for Cervantes are underway. 29Metals expects toreport its 2022 Mineral Resources estimates in the March 2023 quarter. 29Metals also plans to undertake further resource conversion drilling in 2023, seeking to convert Inferred Mineral Resources at Cervantes to Indicated Mineral Resources, and providing the geological confidence required to report a production target and associated project economics. Evaluation of the timing of Gossan Valley and Cervantes, and integration into the Golden Grove mine plan, is ongoing. In parallel, 29Metals will also evaluate other whole-of-site value enhancement opportunities, including the optimal millingrate at Golden Grove.Board Change • Nov 16High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Jacqui McGill is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Oct 24High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Jacqui McGill is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.株主還元29MAU Metals and MiningAU 市場7D5.2%4.4%0.2%1Y104.0%57.3%5.8%株主還元を見る業界別リターン: 29M過去 1 年間で57.3 % の収益を上げたAustralian Metals and Mining業界を上回りました。リターン対市場: 29M過去 1 年間で5.8 % の収益を上げたAustralian市場を上回りました。価格変動Is 29M's price volatile compared to industry and market?29M volatility29M Average Weekly Movement13.4%Metals and Mining Industry Average Movement12.0%Market Average Movement10.5%10% most volatile stocks in AU Market17.2%10% least volatile stocks in AU Market4.5%安定した株価: 29M 、 Australian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 29Mの 週次ボラティリティ ( 13% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2021n/aJames Palmerwww.29metals.com29Metals Limited は銅を中心としたベースメタル、貴金属の探鉱、開発、生産を行っている。銅、金、銀、亜鉛、鉛、コバルト鉱床を探鉱している。西オーストラリア州にある約129平方キロメートルのゴールデングローブ鉱区と、クイーンズランド州にある約1,858平方キロメートルのカプリコーン銅鉱区の権益を保有している。また、チリ南部のレッドヒル・プロジェクト（面積227平方キロメートル）の権益も保有している。29Metals社は2021年に設立され、オーストラリアのメルボルンに本社を置いている。もっと見る29Metals Limited 基礎のまとめ29Metals の収益と売上を時価総額と比較するとどうか。29M 基礎統計学時価総額AU$455.02m収益（TTM）AU$24.17m売上高(TTM)AU$566.62m18.8xPER（株価収益率0.8xP/Sレシオ29M は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計29M 損益計算書（TTM）収益AU$566.62m売上原価AU$482.05m売上総利益AU$84.58mその他の費用AU$60.41m収益AU$24.17m直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）0.014グロス・マージン14.93%純利益率4.27%有利子負債／自己資本比率42.1%29M の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/09 03:36終値2026/05/08 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋29Metals Limited 7 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。19 アナリスト機関Benjamin BrayshawBarrenjoey Markets Pty LimitedDaniel MorganBarrenjoey Markets Pty LimitedMollie UrquhartBarrenjoey Markets Pty Limited16 その他のアナリストを表示
Featured narrative•Materials opportunityUpside Gold3 months ago author updated this narrativeSTFair Value from stuart_robertsCA$5.0768.0% 割安 内在価値ディスカウントAn Undervalued 3.3Moz Gold Project in CanadaKey takeaways Upside Gold is developing the Kena Gold Project, near the town of Nelson in the Kootenays region of southern British Columbia. Kena hosts a historical gold resource of 3.33 million ounces (561,000 ounces Indicated and 2.77 million ounces Inferred) across a 10,200-hectare land package.Read full narrative15.3kusers have viewed this narrative43users have liked this narrative1users have commented on this narrative289users have followed this narrativeRead narrative
Recent Insider Transactions • May 07Independent Deputy Chair of the Board recently bought AU$59k worth of stockOn the 5th of May, Nicholas Cernotta bought around 250k shares on-market at roughly AU$0.24 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth AU$87k. Nicholas has been a buyer over the last 12 months, purchasing a net total of AU$181k worth in shares.
お知らせ • Apr 0929Metals Limited to Report Q1, 2026 Results on Apr 29, 202629Metals Limited announced that they will report Q1, 2026 results on Apr 29, 2026
お知らせ • Feb 2629Metals Limited, Annual General Meeting, May 21, 202629Metals Limited, Annual General Meeting, May 21, 2026. Location: hybrid meeting, melbourne Australia
お知らせ • Jan 2029Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 150 million.29Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 150 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 297,500,000 Price\Range: AUD 0.4 Discount Per Security: AUD 0.14 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 77,500,000 Price\Range: AUD 0.4 Discount Per Security: AUD 0.14 Transaction Features: Regulation S; Rights Offering
お知らせ • Dec 2129Metals Limited to Report Q4, 2025 Results on Jan 29, 202629Metals Limited announced that they will report Q4, 2025 results on Jan 29, 2026
お知らせ • Sep 1929Metals Limited to Report Q3, 2025 Results on Oct 15, 202529Metals Limited announced that they will report Q3, 2025 results on Oct 15, 2025
Recent Insider Transactions • May 07Independent Deputy Chair of the Board recently bought AU$59k worth of stockOn the 5th of May, Nicholas Cernotta bought around 250k shares on-market at roughly AU$0.24 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth AU$87k. Nicholas has been a buyer over the last 12 months, purchasing a net total of AU$181k worth in shares.
お知らせ • Apr 0929Metals Limited to Report Q1, 2026 Results on Apr 29, 202629Metals Limited announced that they will report Q1, 2026 results on Apr 29, 2026
お知らせ • Feb 2629Metals Limited, Annual General Meeting, May 21, 202629Metals Limited, Annual General Meeting, May 21, 2026. Location: hybrid meeting, melbourne Australia
お知らせ • Jan 2029Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 150 million.29Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 150 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 297,500,000 Price\Range: AUD 0.4 Discount Per Security: AUD 0.14 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 77,500,000 Price\Range: AUD 0.4 Discount Per Security: AUD 0.14 Transaction Features: Regulation S; Rights Offering
お知らせ • Dec 2129Metals Limited to Report Q4, 2025 Results on Jan 29, 202629Metals Limited announced that they will report Q4, 2025 results on Jan 29, 2026
お知らせ • Sep 1929Metals Limited to Report Q3, 2025 Results on Oct 15, 202529Metals Limited announced that they will report Q3, 2025 results on Oct 15, 2025
お知らせ • Aug 2729Metals Limited to Report First Half, 2025 Results on Aug 26, 202529Metals Limited announced that they will report first half, 2025 results on Aug 26, 2025
Reported Earnings • Aug 27First half 2025 earnings released: EPS: AU$0.026 (vs AU$0.16 loss in 1H 2024)First half 2025 results: EPS: AU$0.026 (up from AU$0.16 loss in 1H 2024). Revenue: AU$271.0m (up 12% from 1H 2024). Net income: AU$35.3m (up AU$144.5m from 1H 2024). Profit margin: 13% (up from net loss in 1H 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Metals and Mining industry in Australia. 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 46% per year, which means it is performing significantly worse than earnings.
Buy Or Sell Opportunity • Aug 18Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 88% to AU$0.28. The fair value is estimated to be AU$0.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 2.8% in a year. Earnings are forecast to grow by 84% in the next year.
お知らせ • Jun 2329Metals Limited to Report Q2, 2025 Results on Jul 17, 202529Metals Limited announced that they will report Q2, 2025 results on Jul 17, 2025
お知らせ • Apr 0729Metals Limited to Report Q1, 2025 Results on Apr 29, 202529Metals Limited announced that they will report Q1, 2025 results on Apr 29, 2025
お知らせ • Feb 2629Metals Limited, Annual General Meeting, May 23, 202529Metals Limited, Annual General Meeting, May 23, 2025.
お知らせ • Feb 1729Metals Limited to Report Fiscal Year 2024 Final Results on Feb 26, 202529Metals Limited announced that they will report fiscal year 2024 final results on Feb 26, 2025
お知らせ • Jan 2029Metals Limited to Report Q4, 2024 Results on Jan 29, 202529Metals Limited announced that they will report Q4, 2024 results on Jan 29, 2025
お知らせ • Jan 1629Metals Limited Announces Company Secretary Changes29Metals Limited announced the appointment of Ms. Melinda Shiell as Company Secretary, effective 16 January 2025. Ms. Shiell's appointment follows the resignation of Ms. Naomi Dolmatoff as Company Secretary, who will leave the Company on 31 January 2025. For the purposes of ASX Listing Rule 12.6, Ms Shiell is the person responsible for communications with ASX.
New Risk • Jan 03New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 95% This is considered a major 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 Risk Shareholders have been substantially diluted in the past year (95% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).
お知らせ • Dec 2529Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 179.982993 million.29Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 179.982993 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 175,654,745 Price\Range: AUD 0.27 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 134,200,000 Price\Range: AUD 0.27 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 356,748,934 Price\Range: AUD 0.27 Transaction Features: Rights Offering; Subsequent Direct Listing
お知らせ • Dec 0529Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 180 million.29Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 180 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 570,370,370 Price\Range: AUD 0.27 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 96,296,296 Price\Range: AUD 0.27 Transaction Features: Rights Offering; Subsequent Direct Listing
お知らせ • Nov 01EMR Capital Reportedly Readies Adviser to Help Weigh Options for its 29Metals StakeEMR Capital (EMR Capital Pty. Ltd.) is said to be poised to hire an adviser to weigh options for its stake in listed copper miner 29Metals Limited (ASX:29M). While EMR Capital has had some stellar results with its investments, and 29Metals is no exception, the public market performance of the copper miner has been disappointing for the firm that still owns 45%, as well as its investors. While 29Metals listed in 2021 with a market value of about $1 billion, it is now worth about $300 million following flooding at the Capricorn Copper mine in Queensland that had taken it out of operation. Now there's speculation that it will need another equity raising, having already tapped the market for $151 million last year through Macquarie Capital and Jarden. One solution is that the business, which also owns the Golden Grove copper and gold mine in Western Australia, is sold, and the understanding is that EMR is positioning itself to shop its interest to suitors that could be the catalyst for an all-of-company deal. Macquarie Capital usually works for 29Metals, but the understanding is that 29Metals will seek out its own investment banking adviser. DataRoom understands the highly acquisitive Metals Acquisition has taken a look at the business, as has Develop, headed by former Northern Star boss Bill Beament, but they have walked away. They may return to the negotiating table at the right price, particularly as they remain keen to increase their exposure to copper. The 29Metals share price fell sharply last week when it delivered its quarterly report, revealing that money was tight.
お知らせ • Oct 0829Metals Limited to Report Q3, 2024 Results on Oct 23, 202429Metals Limited announced that they will report Q3, 2024 results on Oct 23, 2024
Reported Earnings • Aug 28First half 2024 earnings released: AU$0.16 loss per share (vs AU$0.64 loss in 1H 2023)First half 2024 results: AU$0.16 loss per share (improved from AU$0.64 loss in 1H 2023). Revenue: AU$243.0m (up 3.4% from 1H 2023). Net loss: AU$109.2m (loss narrowed 64% from 1H 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Metals and Mining industry in Australia.
New Risk • Aug 28New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$106m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$106m). Shareholders have been diluted in the past year (46% increase in shares outstanding).
お知らせ • Aug 2329Metals Limited to Report First Half, 2024 Results on Aug 27, 202429Metals Limited announced that they will report first half, 2024 results on Aug 27, 2024
お知らせ • Jun 1929Metals Limited to Report Q2, 2024 Results on Jul 24, 202429Metals Limited announced that they will report Q2, 2024 results on Jul 24, 2024
お知らせ • Mar 0629Metals Limited, Annual General Meeting, May 21, 202429Metals Limited, Annual General Meeting, May 21, 2024.
お知らせ • Mar 0329Metals Limited to Report Q1, 2024 Results on Apr 23, 202429Metals Limited announced that they will report Q1, 2024 results on Apr 23, 2024
Reported Earnings • Feb 26Full year 2023 earnings released: AU$0.80 loss per share (vs AU$0.098 loss in FY 2022)Full year 2023 results: AU$0.80 loss per share (further deteriorated from AU$0.098 loss in FY 2022). Revenue: AU$449.7m (down 38% from FY 2022). Net loss: AU$440.5m (loss widened AU$393.2m from FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat.
New Risk • Feb 16New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$133.2m (US$86.9m) 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: Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (46% increase in shares outstanding). Market cap is less than US$100m (AU$133.2m market cap, or US$86.9m).
お知らせ • Jan 3029Metals Limited to Report Fiscal Year 2023 Results on Feb 23, 202429Metals Limited announced that they will report fiscal year 2023 results on Feb 23, 2024
New Risk • Jan 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (46% increase in shares outstanding).
お知らせ • Dec 1629Metals Limited to Report Fiscal Year 2023 Results on Jan 30, 202429Metals Limited announced that they will report fiscal year 2023 results on Jan 30, 2024
お知らせ • Dec 1529Metals Limited Announces Retirement of Peter Albert Retire as CEO on 30 April 202429Metals Limited announced a transition plan that will see Managing Director & CEO, Peter Albert, retire from the role on 30 April 2024. The transition plan agreed by the Board and Peter follows succession planning discussions in the context of charting the Company's path forward after completion of the Capricorn Copper recovery plan and Peter's desire to move into the next phase of his career. An executive search has commenced for the next Managing Director & CEO of 29Metals. The transition period announced will facilitate that process and an orderly handover. In parallel to search for the new Managing Director & CEO, Peter will continue to lead the Company during the transition period, with the full support of the Board and the team at 29Metals, focusing on the successful completion of the Capricorn Copper recovery, securing key regulatory approvals and delivering plans at Golden Grove.
お知らせ • Dec 1429Metals Limited Announces Managing Director, Peter Albert Retire from the Role on 30 April 202429Metals Limited announced a transition plan that will see Managing Director & CEO, Peter Albert, retire from the role on 30 April 2024. The transition plan agreed by the Board and Peter follows succession planning discussions in the context of charting the Company's path forward after completion of the Capricorn Copper recovery plan and Peter's desire to move into the next phase of his career. An executive search has commenced for the next Managing Director & CEO of 29Metals. The transition period announced will facilitate that process and an orderly handover. In parallel to search for the new Managing Director & CEO, Peter will continue to lead the Company during the transition period, with the full support of the Board and the team at 29Metals, focusing on the successful completion of the Capricorn Copper recovery, securing key regulatory approvals and delivering plans at Golden Grove.
New Risk • Oct 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.0% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (46% increase in shares outstanding).
お知らせ • Oct 0529Metals Limited to Report Q3, 2023 Results on Oct 25, 202329Metals Limited announced that they will report Q3, 2023 results Pre-Market on Oct 25, 2023
お知らせ • Sep 2929Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 150.768438 million.29Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 150.768438 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 176,811,594 Price\Range: AUD 0.69 Discount Per Security: AUD 0.03105 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 41,693,388 Price\Range: AUD 0.69 Discount Per Security: AUD 0.03105 Transaction Features: Rights Offering
Recent Insider Transactions • Sep 09Independent Non-Executive Director recently bought AU$76k worth of stockOn the 5th of September, Martin Alciaturi bought around 100k shares on-market at roughly AU$0.76 per share. This transaction increased Martin's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Reported Earnings • Sep 01First half 2023 earnings released: AU$0.64 loss per share (vs AU$0.001 profit in 1H 2022)First half 2023 results: AU$0.64 loss per share (down from AU$0.001 profit in 1H 2022). Revenue: AU$235.0m (down 34% from 1H 2022). Net loss: AU$306.7m (down AU$307.1m from profit in 1H 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Metals and Mining industry in Australia.
New Risk • Aug 31New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$354m Forecast net loss in 2 years: AU$14m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company.
お知らせ • Aug 1929Metals Limited to Report First Half, 2023 Results on Aug 30, 202329Metals Limited announced that they will report first half, 2023 results on Aug 30, 2023
お知らせ • Jul 0629Metals Limited Provides an Update Regarding the Capricorn Copper Recovery29Metals Limited provided an update regarding the Capricorn Copper Recovery. The phased recovery plan for Capricorn Copper was outlined in the Strategic Update released to the ASX announcements platform on 23 May 2023. 29Metals advised that the Recovery is progressing to plan, with the Phase 1 initial restart of operations on track for August 2023. Key milestones since the May 2023 Strategic Update include: Water treatment for mining and mineral processing - preparation of ponds 3 and 4 for the interim water treatment solution is nearing completion. Procurement and installation of pumps and piping infrastructure is well advanced. Water quality management and volume reduction - new high-efficiency mechanical evaporators have been delivered to site, with installation and commissioning expected by early August once delivery of final electrical components is completed. In addition, smaller previously decommissioned mechanical evaporators have been returned to service to further enhance the mechanical evaporation capacity on site. Engagement with the regulator regarding 29Metals' other water quality management and volume reduction strategies is constructive and ongoing. The Mammoth and Greenstone underground mines are being maintained in a state of operational readiness in preparation for the Phase 1 restart. The underground mining contractor, Byrnecut Australia Pty Ltd, has commenced re-mobilisation of personnel and equipment. Mineral processing facilities - the limited damage to the mineral processing facilities caused by the extreme weather event, notably the coarse-ore feeders conveyor, has been repaired. General maintenance of the mill is underway, with a restart plan in place. Early activity for Phase 2 of the Recovery is progressing to plan for the targeted mid-H1 2024 restart of the Esperanza South sub-level cave mine, with the design and selection of pumping and ancillary infrastructure to dewater ESS largely completed and in procurement. Recovery costs are in line with plan. As the implementation of the Recovery progresses, 29Metals will continue to assess opportunities to reduce Recovery costs. In parallel with the Recovery plan activities, 29Metals continues to engage with the regulator regarding the next lift (lift 2) of the Esperanza tailings storage facility (the `ETSF'). The approval process for the proposed lift is ongoing as 29Metals works through further technical matters raised by the regulator. 29Metals continues to investigate alternative shorter-term tailings storage capacity options to seek to mitigate ongoing delays in the approvals process as the site transitions to a planned new life-of-mine tailings storage facility.
お知らせ • Jun 2129Metals Limited to Report Q2, 2023 Results on Jul 25, 202329Metals Limited announced that they will report Q2, 2023 results on Jul 25, 2023
お知らせ • May 2529Metals Limited Updates Production Guidance for the Year 202329Metals Limited updated production guidance for the year 2023. For the year, the company expects Ore mined in the range of 1,964 kt to 2,184 kt, Ore milled in the range of 1,923 kt to 2,143 kt, Copper in the range of 24 kt to 29 kt, Zinc in the range of 54kt to 61 kt, Gold in the range of 20 koz to 23 koz, Silver in the range of 990 koz to 1,100 koz.
Buying Opportunity • May 25Now 31% undervalued after recent price dropOver the last 90 days, the stock is down 63%. The fair value is estimated to be AU$0.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 5.0% in 2 years. Earnings is forecast to grow by 86% in the next 2 years.
Reported Earnings • Feb 24Full year 2022 earnings released: AU$0.098 loss per share (vs AU$0.49 profit in FY 2021)Full year 2022 results: AU$0.098 loss per share (down from AU$0.49 profit in FY 2021). Revenue: AU$720.7m (up 20% from FY 2021). Net loss: AU$47.2m (down 139% from profit in FY 2021). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat.
お知らせ • Jan 2429Metals Limited Provides Production Guidance for the Year 202329Metals Limited provided production guidance for the year 2023. The company expects metal guidance of 36,000 tonnes to 43,000 tonnes against approximately 41,000 tonnes produced in 2022. Zinc metal guidance of 54,000 tonnes to 61,000 tonnes against approximately 58,000 tonnes produced in 2022. Gold metal guidance of 20,000 ounces to 23,000 ounces against approximately 27,000 ounces produced in 2022 and silver metal guidance of 1.15 million ounces to 1.33 million ounces against 1.57 million ounces produced in 2022.
お知らせ • Jan 2029Metals Limited to Report Q4, 2022 Results on Jan 24, 202329Metals Limited announced that they will report Q4, 2022 results on Jan 24, 2023
お知らせ • Dec 2229Metals Limited Provides Production Guidance for the Full Year of 2022 and Provides Preliminary Production Guidance for the Year 202329Metals Limited provided production guidance for the full year of 2022 and provided preliminary production guidance for the year 2023. For the year 2022, the company expects copper and zinc metal production to be in the lower half of the guidance range, as previously indicated. Gold and silver metal production to be at or above the top end of the guidance range.For the year 2023, the company expects copper metal production to be approximately flat, year-on-year; zinc metal production to increase by approximately 5% to10%, year-on-year; and gold and silver metal production to be 10% to 15% lower, year-on-year.
Valuation Update With 7 Day Price Move • Dec 21Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to AU$2.24, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 9x in the Metals and Mining industry in Australia. Total loss to shareholders of 20% over the past year.
お知らせ • Nov 2229Metals Limited Announces the Results of Feasibility Studies for Gossan Valley29Metals Limited announced the results of feasibility studies for Gossan Valley (the `GV Studies') and the prefeasibility study for Cervantes (the `Cervantes PFS'), confirming the viability of each project and extending Golden Grove's history of organic growth potential. 29Metals will commence the regulatory approval process for Gossan Valley in the March 2023 quarter. Final approval submissions are expected to be lodged at the beginning of the September 2023 quarter. During 2023, 29Metals will also continue to evaluate opportunities to accelerate access to first production ore at GossanValley, including the potential to develop an exploration decline to provide access to underground drilling platforms to test open areas of the Gossan Valley Deposits, as well as providing early access to production ore (subject to regulatory approvals). Vendor engagement regarding long lead items is expected to commence in the second half 2023. The Mineral Resources estimates applied for the Cervantes PFS do not incorporate the drilling results reported in 2022 (year-to-date). Updates to 29Metals' Mineral Resources estimates for Cervantes are underway. 29Metals expects toreport its 2022 Mineral Resources estimates in the March 2023 quarter. 29Metals also plans to undertake further resource conversion drilling in 2023, seeking to convert Inferred Mineral Resources at Cervantes to Indicated Mineral Resources, and providing the geological confidence required to report a production target and associated project economics. Evaluation of the timing of Gossan Valley and Cervantes, and integration into the Golden Grove mine plan, is ongoing. In parallel, 29Metals will also evaluate other whole-of-site value enhancement opportunities, including the optimal millingrate at Golden Grove.
Board Change • Nov 16High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Jacqui McGill is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Oct 24High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Jacqui McGill is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
