New Risk • Jan 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 15% 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: Major Risks Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Revenue is less than US$1m (AU$12k revenue, or US$8.3k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$38.7m market cap, or US$25.8m). お知らせ • Oct 24
Black Rock Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million. Black Rock Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 212,992,439
Price\Range: AUD 0.021
Discount Per Security: AUD 0.00105
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 263,198,038
Price\Range: AUD 0.021
Discount Per Security: AUD 0.00105
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing お知らせ • Oct 07
Black Rock Mining Limited, Annual General Meeting, Nov 24, 2025 Black Rock Mining Limited, Annual General Meeting, Nov 24, 2025. お知らせ • Mar 05
Black Rock Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million. Black Rock Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 217,391,305
Price\Range: AUD 0.023
Discount Per Security: AUD 0.00115
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing お知らせ • Feb 03
Black Rock Mining Limited Announces Board Changes, Effective 24 February 2025 Black Rock Mining Limited advised that POSCO has elected to take up its right to nominate a director and the Company has appointed Mr. Dongjoo (DJ) Kim as POSCO's Nominee Non-Executive Director, effective 24 February 2025. POSCO is Black Rock's Strategic Alliance Partner, major shareholder, offtake partner and is the world's largest anode producer outside China. Dongjoo (DJ) Kim is a Senior Manager at POSCO International's Sydney office. His responsibilities include purchasing and investing in raw materials in Australia, as well as managing various investment projects. Since joining POSCO International in 2010, DJ has accumulated over 15 years of experience in the raw materials investment, purchasing, and sales sectors. He holds a Bachelor's degree in German from Hankuk University of Foreign Studies, with a minor in Business Administration. お知らせ • Sep 30
Black Rock Mining Limited, Annual General Meeting, Nov 25, 2024 Black Rock Mining Limited, Annual General Meeting, Nov 25, 2024. Location: at the park business centre, 45 ventnor avenue, perth wa 6005. Australia New Risk • Sep 09
New major risk - Revenue and earnings growth Earnings have declined by 31% 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 Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (AU$66.4m market cap, or US$44.1m). お知らせ • Sep 04
Black Rock Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 58.823529 million. Black Rock Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 58.823529 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 155,311,225
Price\Range: AUD 0.058
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 858,887,557
Price\Range: AUD 0.058
Transaction Features: Subsequent Direct Listing お知らせ • Mar 28
Black Rock Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million. Black Rock Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 153,846,154
Price\Range: AUD 0.065
Discount Per Security: AUD 0.00325
Transaction Features: Subsequent Direct Listing New Risk • Oct 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$26m free cash flow). Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$12m net loss in 2 years). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (AU$142.6m market cap, or US$89.9m). お知らせ • Sep 15
Black Rock Mining Limited, Annual General Meeting, Nov 24, 2023 Black Rock Mining Limited, Annual General Meeting, Nov 24, 2023, at 14:00 W. Australia Standard Time. Location: at the park Business Centre, 45 Ventnor Avenue Perth Western Australia Australia Breakeven Date Change • Sep 05
No longer forecast to breakeven The analyst covering Black Rock Mining no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$2.24m in 2025. New forecast suggests the company will make a loss of AU$12.5m in 2025. New Risk • Jun 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10.0% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$24m free cash flow). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$2.4m net loss in 2 years). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (AU$123.6m market cap, or US$82.8m). Board Change • Nov 16
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. No highly experienced directors. Independent Non-Executive Director Ian Murray 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 02
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 Non-Executive Director Ian Murray 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. Recent Insider Transactions • Apr 28
Insider recently sold AU$2.0m worth of stock On the 22nd of April, Stephen Copulos sold around 7m shares on-market at roughly AU$0.28 per share. In the last 3 months, they made an even bigger sale worth AU$3.1m. Insiders have been net sellers, collectively disposing of AU$8.6m more than they bought in the last 12 months. Breakeven Date Change • Apr 27
Forecast to breakeven in 2024 The analyst covering Black Rock Mining expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$4.70m in 2024. Average annual earnings growth of 76% is required to achieve expected profit on schedule. Recent Insider Transactions • Apr 07
Insider recently sold AU$2.8m worth of stock On the 4th of April, Stephen Copulos sold around 11m shares on-market at roughly AU$0.25 per share. In the last 3 months, they made an even bigger sale worth AU$3.1m. Insiders have been net sellers, collectively disposing of AU$6.6m more than they bought in the last 12 months. Recent Insider Transactions • Jun 10
Insider recently sold AU$710k worth of stock On the 2nd of June, Stephen Copulos sold around 6m shares on-market at roughly AU$0.12 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought AU$108k more than they sold in the last 12 months.