View ValuationVHM 将来の成長Future 基準チェック /06現在、 VHMの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Metals and Mining 収益成長15.1%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報Breakeven Date Change • Jul 10No longer forecast to breakevenThe analyst covering VHM no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$3.00m in 2025. New forecast suggests the company will make a loss of AU$34.0m in 2026.すべての更新を表示Recent updatesBoard Change • May 01High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Non-Executive Director Don Runge is the most experienced director on the board, commencing their role in 2017. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 24VHM Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.VHM 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: 19,230,769 Price\Range: AUD 0.26 Discount Per Security: AUD 0.013 Transaction Features: Subsequent Direct Listingお知らせ • Apr 23VHM Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million.VHM Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million. Security Name: ordinary Shares Security Type: Common Stock Securities Offered: 19,230,769 Price\Range: AUD 0.26 Discount Per Security: AUD 0.013 Transaction Features: Subsequent Direct ListingBoard Change • Dec 24High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Non-Executive Director Don Runge is the most experienced director on the board, commencing their role in 2017. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.お知らせ • Nov 24VHM Limited has completed a Follow-on Equity Offering in the amount of AUD 10.337012 million.VHM Limited has completed a Follow-on Equity Offering in the amount of AUD 10.337012 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 29,534,321 Price\Range: AUD 0.35 Discount Per Security: AUD 0.0175 Transaction Features: Subsequent Direct Listingお知らせ • Nov 21+ 1 more updateVHM Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.VHM Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 2,857,142 Price\Range: AUD 0.35お知らせ • Oct 18VHM Limited, Annual General Meeting, Nov 18, 2025VHM Limited, Annual General Meeting, Nov 18, 2025. Location: baker mckenzie, level 19, 181 william street, melbourne vic 3000 AustraliaBoard Change • Aug 18High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Don Runge is the most experienced director on the board, commencing their role in 2017. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jun 13VHM Limited has completed a Follow-on Equity Offering in the amount of AUD 0.355 million.VHM Limited has completed a Follow-on Equity Offering in the amount of AUD 0.355 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,420,000 Price\Range: AUD 0.25お知らせ • May 13VHM Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million.VHM Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 8,000,000 Price\Range: AUD 0.25お知らせ • May 12VHM Limited has completed a Follow-on Equity Offering in the amount of AUD 8.25 million.VHM Limited has completed a Follow-on Equity Offering in the amount of AUD 8.25 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 29,000,000 Price\Range: AUD 0.25 Discount Per Security: AUD 0.025 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 4,000,000 Price\Range: AUD 0.25 Discount Per Security: AUD 0.025 Transaction Features: Subsequent Direct Listingお知らせ • Apr 04VHM Limited Announces Bronagh Freeman Steps Down as Company SecretaryVHM Limited announced that following a review of the Company's governance requirements, it has been determined that only one Company Secretary is required at this time. As a result, Ms. Bronagh Freeman has stepped down from her role as Company Secretary, effective immediately. Ms Freeman will continue to work closely with the Company in a supporting capacity to Mr. Michael Sapountzis, who will remain as the sole Company Secretary.Recent Insider Transactions • Oct 03Non-Executive Director recently bought AU$56k worth of stockOn the 26th of September, Colin Moorhead bought around 100k shares on-market at roughly AU$0.56 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$87k more in shares than they have sold in the last 12 months.お知らせ • Sep 27VHM Limited, Annual General Meeting, Nov 01, 2024VHM Limited, Annual General Meeting, Nov 01, 2024. Location: the meeting is a hybrid meeting, elevate 11, the westin, 111 mary street, brisbane qld, 4000 Australiaお知らせ • Sep 03VHM Limited Announces the Appointment of Cameron Knox as Chief Financial OfficerVHM Limited announced the appointment of Cameron Knox as its new Chief Financial Officer effective immediately. Mr. Knox will initially be engaged on a part-time basis with a view to this increasing in line with the Company's growth. Mr. Knox has held several senior finance positions during the past 20 years, primarily in the mining and resource sector for both listed and unlisted companies. He has a wealth of experience raising capital, financing projects, negotiating offtake agreements, and achieving governance and compliance objectives.New Risk • Aug 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% 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. Earnings are forecast to decline by an average of 52% per year for the foreseeable future. Revenue is less than US$1m (AU$88k revenue, or US$57k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$22m net loss in 2 years). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (AU$87.3m market cap, or US$56.9m).お知らせ • Jul 26VHM Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.VHM Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 7,142,857 Price\Range: AUD 0.42Breakeven Date Change • Jul 10No longer forecast to breakevenThe analyst covering VHM no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$3.00m in 2025. New forecast suggests the company will make a loss of AU$34.0m in 2026.Board Change • Jul 10Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Non-Executive Director Don Runge is the most experienced director on the board, commencing their role in 2017. Independent Non-Executive Chairman of the Board Ian Smith was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.Board Change • Feb 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman of the Board Ian Smith was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Jan 19Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman of the Board Ian Smith was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Jan 02Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman of the Board Ian Smith was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Dec 18Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman of the Board Ian Smith was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Oct 20Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Non-Executive Chairman Don Runge was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Sep 15+ 2 more updatesVHM Limited, Annual General Meeting, Nov 20, 2023VHM Limited, Annual General Meeting, Nov 20, 2023.Board Change • Aug 25Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Non-Executive Chairman Don Runge was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Aug 22VHM Limited Announces executive ChangesVHM Limited Board has now prioritised the appointment of a Managing Director or Chief Executive Officer with project development experience to assume responsibility from Mr. Graham Howard who will resign from the Managing Director role by 30 September 2023. Following this appointment, Mr. Howard will continue to serve as a Non-Executive Director of VHM in which role he will continue to provide oversight of the critical approvals process that is approaching Public Exhibition stage. This transition will position the company in readiness for its next stage of project build and ongoing operations.お知らせ • Aug 21VHM Limited Announces Management ChangesVHM Limited announced the appointment of three new directors, Mr. Ian Smith, Mr. Ron Douglas, and Ms Maree Arnason to the Board of Directors. All three bring a strong history of resource project development and operational experience that will add crucial oversight capability as VHM enters the next stage of development for the Goschen Rare Earths and Minerals Sands Project ("Goschen Project"). The operational knowledge that the new directors bring to the table will be invaluable to guide the executive team through the build, commissioning and operation phases required to produce and sell rare earth mineral products from Goschen. Mr. Ian Smith has an extensive background as a Managing Director of major resources companies and as a consultant to the industry. Mr. Smith brings highly relevant development and operational experience to the Board. While at Newcrest he oversaw a significant expansion of the business which drove a large increase in shareholder value. Mr. Smith will commence as a Non-Executive Director of the Board immediately. Mr. Douglas' extensive experience in roles with both mining and engineering/construction companies has meaningfully added value through his project development experience and facilitations of successful corporate transactions. Mr. Douglas will commence as a Non- Executive Director of the Board immediately. Ms Maree Arnason, FAICD is a highly regarded director and senior executive with 35 years' experience in natural resources, energy and manufacturing and has worked across commodities including iron ore, gold, copper, timber, coal, mineral sands and natural gas. Ms Arnason has expertise in the areas of governance, corporate affairs, risk and sustainability from exploration to full production environments and will commence as a Non-Executive Director of the Board immediately. Mr. Michael Allen and Mr. Gamini Colless have retired from the Board to make way for Mr. Douglas, Mr. Smith, and Ms Arnason. Mr. Allen has ceased his role as an executive of the Company and has taken a redundancy. This restructure of the Board and Executive is consistent with the Company plan to position VHM with the requisite skills to construct and operate the Goschen Project. The VHM Board has now prioritised the appointment of a Managing Director or Chief Executive Officer with project development experience to assume responsibility from Mr. Graham Howard who will resign from the Managing Director role by 30 September 2023. Following this appointment, Mr. Howard will continue to serve as a Non-Executive Director of VHM in which role he will continue to provide oversight of the critical approvals process that is approaching Public Exhibition stage. This transition will position the company in readiness for its next stage of project build and ongoing operations.New Risk • Jul 03New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$28m This is considered a major 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$28m free cash flow). Revenue is less than US$1m (AU$40k revenue, or US$27k). Minor Risk Market cap is less than US$100m (AU$128.0m market cap, or US$85.2m).お知らせ • Jan 25VHM Limited Announces Metallurgical Results and Commencement of DrillingVHM Limited announces the results from Area 4 Metallurgical testwork, confirming high THM grades and amenability to the Goschen Project (Areas 1 and 3) processing through the conventional flowsheet. Area 4 is located outside of the Goschen Project footprint and is part of a high grade strandline deposit defined by resource definition drilling in 2018 and 2019. The Company also announces the commencement of drilling at the Cannie and Nowie Prospects. As part of VHM's extensive metallurgical testwork program, 1.6 tonnes of material sourced from four geological domains of interest within Area 4 was characterized by Mineral Technologies and treated though the Goschen Project mineral sands process flowsheet. The material used for the trial comprised drill sample retains generated during the 2019 drilling program. The material from Area 4 is not currently included in the Goschen Project footprint but will serve as a source of future feedstock. The testwork confirms the Area 4 material is amenable to processing through the flowsheet proposed for the Goschen Project and has significantly higher THM grades. The testwork demonstrated that material from Area 4 was successfully processed through the Goschen process flowsheet. Losses of recoverable valuable heavy minerals to the slimes was minimal as evidenced by good alignment between the distribution of titania (TiO2), zircon (ZrO2) and cerium (CeO2) to slimes when compared with the characterizationresults.High recoveries of high value heavy minerals were observed across the gravity concentration circuit and is consistent with the use of shaking tables. Typical separation observed for Area 4 material.お知らせ • Jan 17VHM Limited, Announces Metallurgical Test Results from Static TrialsVHM Limited, announced the metallurgical test results from static trials conducted by leading rare earth research and testwork facility Australian Nuclear Science and Technology Organisation. The results have confirmed exceptional leach extraction rates are possible from the Rare Earth Mineral Concentrate at the Goschen Project deposit. The testwork is being undertaken to finalise the plans and inform final assessment of the Hydromet Plant at the Goschen Project. The samples used at ANSTO for metallurgical testwork are based on a sonic bulk sample drill program that the Company undertook during 2022, within Area 1 and Area 3 Extended. A total of 223 holes in Area 1 and 65 holes in Area 3 Extended were drilled, totalling 8,310.4m, using sonic and diamond drill rigs. The intent of the bulk sampling program was to generate sufficient REMC for pilot plant testwork to support the Hydromet Plant process development. VHM has completed comprehensive testwork previously at ANSTO as well as flowsheet evaluation testwork in 2018 on a typical sample of REMC from the Goschen Project. The recent work demonstrated that the Goshen REMC is highly amenable to processing through to a high value upgraded Mixed Rare Earth Carbonate product as set out in the Prospectus dated 21 November 2022 as supplemented by the supplementary prospectus dated 5 December 2022, lodged with ASX on 5 January 2023. Based on the ANSTO testwork the Company selected the Sulphate Bake route, as it provides the highest extractions and most robust economic case. In preparation for pilot plant testwork, ANSTO has undertaken pre-pilot testwork using the industry standard acid baking and water leach route. The purpose of this work is to define piloting conditions such as acid addition, kiln temperature and reaction time. The pre-pilot testwork has demonstrated exceptional extractions >99% for the critical light rare earth metals and >98% for the critical heavy rare earth metals. Testwork for the subsequent stages of the Hydromet Plant is ongoing. Projected commercial recoveries will be further defined at the pilot plant testwork stage. ANSTO continues with pre-pilot optimisation in parallel with the design and procurement of equipment for the pilot due to commence in First Quarter of 2023. When complete, the pilot will demonstrate the entire flowsheet from REMC to the MREC product and include water and reagent recycle. The pilot plant flowsheet that has been developed by ANSTO for the Goschen REMC. The REMC is considered industry leading not only in its exceptionally high rare earth grade, but also in the very high proportion of high value critical rare earths Pr, Nd, Tb and Dy. These rare earths are essential to the automotive industries transition from internal combustion engine vehicles to battery electric vehicles and plug-in hybrid electric vehicles. The combination of the exceptionally high grade REMC in conjunction with demonstrated high extraction rates is expected to result in low capex and opex to produce the MREC product. As a result of the purity, there are expected to be lower reagent costs, smaller kiln, and lower energy costs, adding to VHM's competitive proposition. The Company will commence pilot plant testwork in First Quarter 2023 with ANSTO, the results of which will inform a future engineering study scheduled thereafter. Piloting will give VHM detailed engineering solutions, the ability to order long-lead items for the Hydromet Plant and provide product offtake for marketing. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、VHM は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測CHIA:VHM - アナリストの将来予測と過去の財務データ ( )AUD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20250-6-11-5N/A9/30/20250-6-11-5N/A6/30/20250-6-11-5N/A3/31/20250-6-12-5N/A12/31/20240-6-13-4N/A9/30/20240-7-16-5N/A6/30/20240-7-19-6N/A3/31/20240-10-23-7N/A12/31/20230-12-26-8N/A9/30/20230-15-29-9N/A6/30/20230-18-33-10N/A3/31/20230-17-31-9N/A12/31/20220-15-28-8N/A9/30/20220-12-22-6N/A6/30/2022N/A-9-17-4N/A6/30/2021N/A-7-9-4N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: VHMの予測収益成長が 貯蓄率 ( 3.6% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: VHMの収益がAustralian市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: VHMの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: VHMの収益がAustralian市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: VHMの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: VHMの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance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2026/05/07 21:51終値2026/05/07 00:00収益2025/12/31年間収益2025/06/30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VHM Limited 0 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。1 アナリスト機関Thomas PrendivilleCanaccord Genuity
Breakeven Date Change • Jul 10No longer forecast to breakevenThe analyst covering VHM no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$3.00m in 2025. New forecast suggests the company will make a loss of AU$34.0m in 2026.
Board Change • May 01High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Non-Executive Director Don Runge is the most experienced director on the board, commencing their role in 2017. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 24VHM Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.VHM 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: 19,230,769 Price\Range: AUD 0.26 Discount Per Security: AUD 0.013 Transaction Features: Subsequent Direct Listing
お知らせ • Apr 23VHM Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million.VHM Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million. Security Name: ordinary Shares Security Type: Common Stock Securities Offered: 19,230,769 Price\Range: AUD 0.26 Discount Per Security: AUD 0.013 Transaction Features: Subsequent Direct Listing
Board Change • Dec 24High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Non-Executive Director Don Runge is the most experienced director on the board, commencing their role in 2017. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 24VHM Limited has completed a Follow-on Equity Offering in the amount of AUD 10.337012 million.VHM Limited has completed a Follow-on Equity Offering in the amount of AUD 10.337012 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 29,534,321 Price\Range: AUD 0.35 Discount Per Security: AUD 0.0175 Transaction Features: Subsequent Direct Listing
お知らせ • Nov 21+ 1 more updateVHM Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.VHM Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 2,857,142 Price\Range: AUD 0.35
お知らせ • Oct 18VHM Limited, Annual General Meeting, Nov 18, 2025VHM Limited, Annual General Meeting, Nov 18, 2025. Location: baker mckenzie, level 19, 181 william street, melbourne vic 3000 Australia
Board Change • Aug 18High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Don Runge is the most experienced director on the board, commencing their role in 2017. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 13VHM Limited has completed a Follow-on Equity Offering in the amount of AUD 0.355 million.VHM Limited has completed a Follow-on Equity Offering in the amount of AUD 0.355 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,420,000 Price\Range: AUD 0.25
お知らせ • May 13VHM Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million.VHM Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 8,000,000 Price\Range: AUD 0.25
お知らせ • May 12VHM Limited has completed a Follow-on Equity Offering in the amount of AUD 8.25 million.VHM Limited has completed a Follow-on Equity Offering in the amount of AUD 8.25 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 29,000,000 Price\Range: AUD 0.25 Discount Per Security: AUD 0.025 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 4,000,000 Price\Range: AUD 0.25 Discount Per Security: AUD 0.025 Transaction Features: Subsequent Direct Listing
お知らせ • Apr 04VHM Limited Announces Bronagh Freeman Steps Down as Company SecretaryVHM Limited announced that following a review of the Company's governance requirements, it has been determined that only one Company Secretary is required at this time. As a result, Ms. Bronagh Freeman has stepped down from her role as Company Secretary, effective immediately. Ms Freeman will continue to work closely with the Company in a supporting capacity to Mr. Michael Sapountzis, who will remain as the sole Company Secretary.
Recent Insider Transactions • Oct 03Non-Executive Director recently bought AU$56k worth of stockOn the 26th of September, Colin Moorhead bought around 100k shares on-market at roughly AU$0.56 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$87k more in shares than they have sold in the last 12 months.
お知らせ • Sep 27VHM Limited, Annual General Meeting, Nov 01, 2024VHM Limited, Annual General Meeting, Nov 01, 2024. Location: the meeting is a hybrid meeting, elevate 11, the westin, 111 mary street, brisbane qld, 4000 Australia
お知らせ • Sep 03VHM Limited Announces the Appointment of Cameron Knox as Chief Financial OfficerVHM Limited announced the appointment of Cameron Knox as its new Chief Financial Officer effective immediately. Mr. Knox will initially be engaged on a part-time basis with a view to this increasing in line with the Company's growth. Mr. Knox has held several senior finance positions during the past 20 years, primarily in the mining and resource sector for both listed and unlisted companies. He has a wealth of experience raising capital, financing projects, negotiating offtake agreements, and achieving governance and compliance objectives.
New Risk • Aug 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% 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. Earnings are forecast to decline by an average of 52% per year for the foreseeable future. Revenue is less than US$1m (AU$88k revenue, or US$57k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$22m net loss in 2 years). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (AU$87.3m market cap, or US$56.9m).
お知らせ • Jul 26VHM Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.VHM Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 7,142,857 Price\Range: AUD 0.42
Breakeven Date Change • Jul 10No longer forecast to breakevenThe analyst covering VHM no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$3.00m in 2025. New forecast suggests the company will make a loss of AU$34.0m in 2026.
Board Change • Jul 10Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Non-Executive Director Don Runge is the most experienced director on the board, commencing their role in 2017. Independent Non-Executive Chairman of the Board Ian Smith was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
Board Change • Feb 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman of the Board Ian Smith was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Jan 19Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman of the Board Ian Smith was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Jan 02Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman of the Board Ian Smith was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Dec 18Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman of the Board Ian Smith was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Oct 20Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Non-Executive Chairman Don Runge was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Sep 15+ 2 more updatesVHM Limited, Annual General Meeting, Nov 20, 2023VHM Limited, Annual General Meeting, Nov 20, 2023.
Board Change • Aug 25Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Non-Executive Chairman Don Runge was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Aug 22VHM Limited Announces executive ChangesVHM Limited Board has now prioritised the appointment of a Managing Director or Chief Executive Officer with project development experience to assume responsibility from Mr. Graham Howard who will resign from the Managing Director role by 30 September 2023. Following this appointment, Mr. Howard will continue to serve as a Non-Executive Director of VHM in which role he will continue to provide oversight of the critical approvals process that is approaching Public Exhibition stage. This transition will position the company in readiness for its next stage of project build and ongoing operations.
お知らせ • Aug 21VHM Limited Announces Management ChangesVHM Limited announced the appointment of three new directors, Mr. Ian Smith, Mr. Ron Douglas, and Ms Maree Arnason to the Board of Directors. All three bring a strong history of resource project development and operational experience that will add crucial oversight capability as VHM enters the next stage of development for the Goschen Rare Earths and Minerals Sands Project ("Goschen Project"). The operational knowledge that the new directors bring to the table will be invaluable to guide the executive team through the build, commissioning and operation phases required to produce and sell rare earth mineral products from Goschen. Mr. Ian Smith has an extensive background as a Managing Director of major resources companies and as a consultant to the industry. Mr. Smith brings highly relevant development and operational experience to the Board. While at Newcrest he oversaw a significant expansion of the business which drove a large increase in shareholder value. Mr. Smith will commence as a Non-Executive Director of the Board immediately. Mr. Douglas' extensive experience in roles with both mining and engineering/construction companies has meaningfully added value through his project development experience and facilitations of successful corporate transactions. Mr. Douglas will commence as a Non- Executive Director of the Board immediately. Ms Maree Arnason, FAICD is a highly regarded director and senior executive with 35 years' experience in natural resources, energy and manufacturing and has worked across commodities including iron ore, gold, copper, timber, coal, mineral sands and natural gas. Ms Arnason has expertise in the areas of governance, corporate affairs, risk and sustainability from exploration to full production environments and will commence as a Non-Executive Director of the Board immediately. Mr. Michael Allen and Mr. Gamini Colless have retired from the Board to make way for Mr. Douglas, Mr. Smith, and Ms Arnason. Mr. Allen has ceased his role as an executive of the Company and has taken a redundancy. This restructure of the Board and Executive is consistent with the Company plan to position VHM with the requisite skills to construct and operate the Goschen Project. The VHM Board has now prioritised the appointment of a Managing Director or Chief Executive Officer with project development experience to assume responsibility from Mr. Graham Howard who will resign from the Managing Director role by 30 September 2023. Following this appointment, Mr. Howard will continue to serve as a Non-Executive Director of VHM in which role he will continue to provide oversight of the critical approvals process that is approaching Public Exhibition stage. This transition will position the company in readiness for its next stage of project build and ongoing operations.
New Risk • Jul 03New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$28m This is considered a major 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$28m free cash flow). Revenue is less than US$1m (AU$40k revenue, or US$27k). Minor Risk Market cap is less than US$100m (AU$128.0m market cap, or US$85.2m).
お知らせ • Jan 25VHM Limited Announces Metallurgical Results and Commencement of DrillingVHM Limited announces the results from Area 4 Metallurgical testwork, confirming high THM grades and amenability to the Goschen Project (Areas 1 and 3) processing through the conventional flowsheet. Area 4 is located outside of the Goschen Project footprint and is part of a high grade strandline deposit defined by resource definition drilling in 2018 and 2019. The Company also announces the commencement of drilling at the Cannie and Nowie Prospects. As part of VHM's extensive metallurgical testwork program, 1.6 tonnes of material sourced from four geological domains of interest within Area 4 was characterized by Mineral Technologies and treated though the Goschen Project mineral sands process flowsheet. The material used for the trial comprised drill sample retains generated during the 2019 drilling program. The material from Area 4 is not currently included in the Goschen Project footprint but will serve as a source of future feedstock. The testwork confirms the Area 4 material is amenable to processing through the flowsheet proposed for the Goschen Project and has significantly higher THM grades. The testwork demonstrated that material from Area 4 was successfully processed through the Goschen process flowsheet. Losses of recoverable valuable heavy minerals to the slimes was minimal as evidenced by good alignment between the distribution of titania (TiO2), zircon (ZrO2) and cerium (CeO2) to slimes when compared with the characterizationresults.High recoveries of high value heavy minerals were observed across the gravity concentration circuit and is consistent with the use of shaking tables. Typical separation observed for Area 4 material.
お知らせ • Jan 17VHM Limited, Announces Metallurgical Test Results from Static TrialsVHM Limited, announced the metallurgical test results from static trials conducted by leading rare earth research and testwork facility Australian Nuclear Science and Technology Organisation. The results have confirmed exceptional leach extraction rates are possible from the Rare Earth Mineral Concentrate at the Goschen Project deposit. The testwork is being undertaken to finalise the plans and inform final assessment of the Hydromet Plant at the Goschen Project. The samples used at ANSTO for metallurgical testwork are based on a sonic bulk sample drill program that the Company undertook during 2022, within Area 1 and Area 3 Extended. A total of 223 holes in Area 1 and 65 holes in Area 3 Extended were drilled, totalling 8,310.4m, using sonic and diamond drill rigs. The intent of the bulk sampling program was to generate sufficient REMC for pilot plant testwork to support the Hydromet Plant process development. VHM has completed comprehensive testwork previously at ANSTO as well as flowsheet evaluation testwork in 2018 on a typical sample of REMC from the Goschen Project. The recent work demonstrated that the Goshen REMC is highly amenable to processing through to a high value upgraded Mixed Rare Earth Carbonate product as set out in the Prospectus dated 21 November 2022 as supplemented by the supplementary prospectus dated 5 December 2022, lodged with ASX on 5 January 2023. Based on the ANSTO testwork the Company selected the Sulphate Bake route, as it provides the highest extractions and most robust economic case. In preparation for pilot plant testwork, ANSTO has undertaken pre-pilot testwork using the industry standard acid baking and water leach route. The purpose of this work is to define piloting conditions such as acid addition, kiln temperature and reaction time. The pre-pilot testwork has demonstrated exceptional extractions >99% for the critical light rare earth metals and >98% for the critical heavy rare earth metals. Testwork for the subsequent stages of the Hydromet Plant is ongoing. Projected commercial recoveries will be further defined at the pilot plant testwork stage. ANSTO continues with pre-pilot optimisation in parallel with the design and procurement of equipment for the pilot due to commence in First Quarter of 2023. When complete, the pilot will demonstrate the entire flowsheet from REMC to the MREC product and include water and reagent recycle. The pilot plant flowsheet that has been developed by ANSTO for the Goschen REMC. The REMC is considered industry leading not only in its exceptionally high rare earth grade, but also in the very high proportion of high value critical rare earths Pr, Nd, Tb and Dy. These rare earths are essential to the automotive industries transition from internal combustion engine vehicles to battery electric vehicles and plug-in hybrid electric vehicles. The combination of the exceptionally high grade REMC in conjunction with demonstrated high extraction rates is expected to result in low capex and opex to produce the MREC product. As a result of the purity, there are expected to be lower reagent costs, smaller kiln, and lower energy costs, adding to VHM's competitive proposition. The Company will commence pilot plant testwork in First Quarter 2023 with ANSTO, the results of which will inform a future engineering study scheduled thereafter. Piloting will give VHM detailed engineering solutions, the ability to order long-lead items for the Hydromet Plant and provide product offtake for marketing.