New Risk • May 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 1.8% per year over the past 5 years. Revenue is less than US$1m (US$169k revenue). Market cap is less than US$10m (€958.3k market cap, or US$1.08m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Jun 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (41% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€1.60m market cap, or US$1.71m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). New Risk • Apr 27
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended June 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2022 fiscal period end). Share price has been highly volatile over the past 3 months (43% average weekly change). Market cap is less than US$10m (€1.68m market cap, or US$1.79m). Minor Risk Shareholders have been diluted in the past year (2.2% increase in shares outstanding). 공지 • Dec 22
SunMirror AG, Annual General Meeting, Dec 20, 2023 SunMirror AG, Annual General Meeting, Dec 20, 2023. Agenda: To consider report, the annual financial statements and the consolidated financial statements for the financial year from July 1, 2022 - June 30, 2023, as well as the carrying forward of the net annual loss to the new account; to consider and approve the proposed compensation of the Board of Directors and the Executive Board, and the compensation report for the financial year from July 1, 2022 - June 30, 2023; and to transact such other business matters. 공지 • Oct 06
Sunmirror Ag Provides Exploration Update - Moolyella and Kingston Keith Exploration Licences SunMirror AG provided further news on its exploration activities in Western Australia. Moolyella E 45/5573 - licence area 92 km2: Just under 3,500 soil samples collected in the month of June-July by Terra Search Pty Ltd. All samples sent off for geochemical analysis at Nagrom Labs with lithium in soil grades returned ranging up to 460 ppm (parts per million) lithium (Li) with the mean at 107 ppm and the standard deviation at 60 ppm. Follow up field visit scheduled for the second week of October to 'ground truth' these high-grade zones with the intention of identifying suitable sites for drilling. Proposed drill hole locations will subsequently be reviewed during a Heritage site visit prior to a submission to the authorities of a Plan of Work (POW) consisting of up to 5,000 metres of reverse circulation (RC) drilling scheduled for second quarter of 2024. Kingston Keith E 53/1953 - licence area 152 km2: Structural study completed by Southern Geoscience Consultants focused on identifying key structural, lithological and alteration features that could represent prospective lithium and gold targets within the licence area. Geological database over the entire licence area purchased from SensOre (a specialist minerals targeting company optimising discoveries through AI-enhance exploration) including a proprietary Artificial Intelligence (AI) Lithium Fertility Index study, which identified 3 'fertility' target areas within the middle part of the licence. The soil sampling campaign recently undertaken at Moolyella licence in June/July 2023 by Terra Search Pty Ltd., took full advantage of the insight provided by SGC's lithostructural study, which itself was enhanced by reprocessing the original MagSpec aeromagnetic and radiometric data collected earlier in the year. These results lay the foundations for a reverse-circulation drill program of up to 5,000 meters, which anticipate starting sometime in second quarter of 2024. As a next step will consult with the local Nyamal Aboriginal Corporation to take on board any 'heritage' consideration prior to confirming exact drill locations for Plan of Work (POW). A lithostructural study of the aeromagnetic results was then completed by Southern Geoscience consultants ("SGC", a specialist group of geoscientists focused on providing the higher quality integrated geophysical solutions to the resource industry) in May 2023, followed by the soil sampling campaign that is the subject of this current release. Current Update - Moolyella exploration licence (E 45/5573) (92 km2) These targets will be the subject of a preliminary drill program, the first step towards defining a potential inferred resource on the property. Of the 3252 soil samples collected and analysed, 533 samples reported values greater than 167 ppm lithium (the mean + 1 standard deviation) and out of these 148 samples reported values greater than 227 ppm (the mean + 2 standard deviation) as per below: The location of these sample areas reporting lithium values > 167 ppm will be where the Company plans to carry out its first drill program (currently scheduled to start sometime in second quarter of 2024). The proposed drill hole locations will, however, be 'ground truthed' during a field visit in October 2023 to ensure they are not located in any 'heritage' or 'environmentally sensitive' areas before a Plan of Work (consisting of a drill program of up to 5.000 metres of reverse-circulation drilling) is submitted to the Western Australia Department of Mines. Once a JORC (Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves 'the JORC Code' is a professional code of practice that sets minimum standards for Public Reporting of minerals Exploration Results, Mineral Resources and ore Reserves) compliant resource has been modelled, a detailed Feasibility Study would follow to determine the economic viability to establishing a mining operation (or not). This study has now been completed and the results reviewed along with licence-wide historical exploration data (compcompcompared to be reviewed along with licence-wide Historical exploration data (composed drill hole locations) consisting of up to 3,000 metres) drilling scheduled for the second week of the first quarter of 2024. New Risk • Aug 30
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended June 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2022 fiscal period end). Revenue is less than US$1m. Market cap is less than US$10m (€7.38m market cap, or US$8.06m). New Risk • Jul 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.90m (US$10.00m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€8.90m market cap, or US$10.00m). Minor Risks Latest financial reports are more than 6 months old (reported June 2022 fiscal period end). Shareholders have been diluted in the past year (17% increase in shares outstanding). Board Change • Jul 11
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. CFO, Chairman of the Board & Interim CEO Laurent Quelin was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공지 • Dec 17
SunMirror AG Announces Update on Exploration Plans SunMirror AG remains focused on the development of its existing projects, and selectively on the acquisition of other prospective battery metals assets. Over the next 12 months, the company intends to push forward exploration efforts on its Moolyella and Kingston Keith tenements in Western Australia, where it believes there is significant potential to define and develop high class resources of metals, including lithium, gold and nickel. With that strategy in mind, the company signed an agreement with MagSpec Airborne Surveys Pty Ltd, Western Australia, to fly aeromagnetic and radiometric surveys over both its Moolyella Lithium Exploration Licence (E 45/5573) and its Kingston Keith Nickel - Gold Exploration Licence (E 53/1953). The surveys are being flown by a single piston engine Cessna 210 or 206 aircraft, with sensor flight height of 30m and line spacing between flight lines of 50m, resulting in a total of 2,358-line kilometers for Moolyella and expected 4,303-line kilometers at Kingston Keith. As of the date of this news release, the survey over Moolyella has been completed without any standby day charges and the data collected is currently being processed. The Moolyella airborne data will be interpreted early in the new year with the company's field data along with public domain data from neighbouring tenements to establish the potential continuity of lithium-bearing structures under the surface cover for drilling. The survey over Kingston Keith is expected to start mid-January 2023. The data collected will be used to identify potentially gold-bearing structures beneath the surface cover (for follow up drilling) and also outline extent of the granite body in the southern part of the licence, which may have the potential to host lithium mineralisation. The Company is continually evaluating new battery metal projects (or partnerships on similar assets), primarily in Europe and Australia, which may complement its portfolio of assets. The company does not anticipate at this stage that any such acquisitions would require a material amount of capital as it primarily focuses on organic growth. Management believes that this nimble approach will put the company in a position to take advantage of the powerful momentum behind battery metals globally and create significant value for all shareholders. Breakeven Date Change • Nov 16
Forecast to breakeven in 2025 The 2 analysts covering SunMirror expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$1.29m in 2025. Average annual earnings growth of 59% is required to achieve expected profit on schedule. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Laurent Quelin was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • May 20
Forecast breakeven date pushed back to 2024 The 2 analysts covering SunMirror previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 29% per year to 2023. The company is expected to make a profit of US$5.49m in 2024. Average annual earnings growth of 65% is required to achieve expected profit on schedule. Buying Opportunity • May 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 52%. The fair value is estimated to be €120, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Chairman & CEO Heinz Kubli was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공지 • Apr 14
SunMirror AG announced that it expects to receive $10 million in funding SunMirror AG (DUSE:ROR) announced a private placement of convertible bonds for proceeds of $10,000,000 on April 12, 2021. The convertible bonds will be convertible into 133,305 bearer shares with a par value of CHF 1 each. The conversion price is CHF 70 ($76.11) per bearer share. The share will be entitled to dividends as of 1 July 2020. The convertible bonds will mature around May 30, 2022. 공지 • Feb 24
SunMirror AG Ramps Up Tin Exploration Efforts At Moolyella Project SunMirror AG is increasing its efforts to discover potential tin reserves to meet new demands. A review of the project in 2011/12 confirmed reconnaissance rock chip sampling over an area of two square kilometres, revealing the presence of highly anomalous lithium in a significant number of samples analysed. After further assessing historical data, SunMirror's management decided to ramp-up exploring the highly prospective Moolyella Tin and Lithium projects in the Pilbara region of Western Australia due to these sites' history, location, infrastructure and record of rapidly bringing-to-market resources. The Company is targeting a highly prospective exploration ground in the most attractive jurisdiction in the world for mining investment. The Moolyella Project is located 23 kilometers northeast of Marble Bar and consists of one exploration license covering 93 square kilometers. The license is held by Lithium 1 Pty Ltd, a fully-owned SunMirror subsidiary, and covers one of the most prolific historical tin, tantalum and lithium producing districts in Western Australia. SunMirror's tin tailings are scattered across the land holding.