View Future GrowthGolden State Mining 과거 순이익 실적과거 기준 점검 0/6Golden State Mining은 연평균 16%의 비율로 수입이 증가해 온 반면, Metals and Mining 산업은 연평균 15.2%의 비율로 증가했습니다. 매출은 연평균 64.8%의 비율로 감소했습니다.핵심 정보15.99%순이익 성장률44.91%주당순이익(EPS) 성장률Metals and Mining 산업 성장률22.33%매출 성장률-64.82%자기자본이익률-73.45%순이익률n/a최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported Earnings • Oct 05Full year 2022 earnings released: AU$0.036 loss per share (vs AU$0.05 loss in FY 2021)Full year 2022 results: AU$0.036 loss per share. Revenue: AU$945.0k (up 33% from FY 2021). Net loss: AU$3.16m (flat on FY 2021).Reported Earnings • Mar 18First half 2022 earnings: Revenues and EPS in line with analyst expectationsFirst half 2022 results: AU$0.021 loss per share (up from AU$0.038 loss in 1H 2021). Revenue: AU$945.0k (up 271% from 1H 2021). Net loss: AU$1.77m (loss narrowed 17% from 1H 2021). Revenue was in line with analyst estimates.모든 업데이트 보기Recent updatesBoard Change • May 20No independent directorsThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Alex Tunnadine is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.Board Change • May 01No independent directorsThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Alex Tunnadine is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.공시 • Oct 08Golden State Mining Limited, Annual General Meeting, Nov 27, 2025Golden State Mining Limited, Annual General Meeting, Nov 27, 2025.공시 • Sep 01Golden State Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million.Golden State Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 62,500,000 Price\Range: AUD 0.008 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 125,000,000 Price\Range: AUD 0.008 Security Features: Attached Options Transaction Features: Subsequent Direct ListingBoard Change • Aug 18Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Feb 04Insufficient new directorsNo 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 Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Dec 24Insufficient new directorsNo 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 Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Oct 22Golden State Mining Limited, Annual General Meeting, Nov 22, 2024Golden State Mining Limited, Annual General Meeting, Nov 22, 2024. Location: stantons, level 2, 40 kings park road, west perth wa 6005, AustraliaNew Risk • Mar 15New 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$3.5m 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$3.5m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 6.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (139% increase in shares outstanding). Revenue is less than US$1m (AU$61k revenue, or US$40k). Market cap is less than US$10m (AU$3.35m market cap, or US$2.21m).공시 • Nov 22Golden State Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.812124 million.Golden State Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.812124 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 47,772,000 Price\Range: AUD 0.017 Transaction Features: Subsequent Direct ListingNew Risk • Nov 17New 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$2.7m 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$2.7m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Revenue is less than US$1m (AU$30k revenue, or US$20k). Market cap is less than US$10m (AU$4.59m market cap, or US$2.98m).공시 • Nov 15Golden State Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 0.812124 million.Golden State Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 0.812124 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 47,772,000 Price\Range: AUD 0.017 Transaction Features: Subsequent Direct Listing공시 • Oct 28Golden State Mining Limited, Annual General Meeting, Nov 29, 2023Golden State Mining Limited, Annual General Meeting, Nov 29, 2023, at 11:00 W. Australia Standard Time. Location: Stantons, Level 2, 40 Kings Park Road, West Perth, Western Australia West Perth Australia Agenda: To receive the Financial Report, together with the Directors' Report and the Auditor's Report, for the financial year ended 30 June 2023; to adopt the Remuneration Report; to consider re-election of mr brenton siggs as a director; to consider and approval of 10% placement facility; and to deal with any other business that may be brought forward in accordance with the Constitution and the Corporations Act.New Risk • Sep 30New 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$2.7m 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$2.7m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Revenue is less than US$1m (AU$93k revenue, or US$60k). Market cap is less than US$10m (AU$6.88m market cap, or US$4.42m).New Risk • Jul 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 64% 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 Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.88m market cap, or US$4.70m).공시 • Jun 03Golden State Mining Limited, Annual General Meeting, Jul 05, 2023Golden State Mining Limited, Annual General Meeting, Jul 05, 2023, at 11:00 W. Australia Standard Time. Location: Stantons, Level 2, 40 Kings Park Road West Perth Western Australia Australia Agenda: To consider the ratification of issue of tranche 1 placement shares using 15% placement capacity; to consider the ratification of issue of tranche 1 placement shares using 10% placement capacity; to consider the approval to issue tranche 2 placement shares; to consider the approval to issue tranche 2 placement shares; to consider the approval to issue lead manager options; and to consider the ratification of agreement to issue 2028 options.Board Change • Apr 14Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Feb 24Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Jan 18Golden State Mining Limited Updates on Exploration Projects and Drill Program Being Planned At Four Mile Well Project Near Laverton, Western AustraliaGolden State Mining Limited provided an update on its exploration projects and a new drill program being planned at the Four Mile Well project near Laverton, Western Australia. A new Exploration Licence located to the north of the Company's existing tenure has recently been granted GSM recently completed an ultra-fine fraction soil sampling traverse over an historic arsenic-bismuth +/- gold soil anomaly on the newly granted tenement E38/3632. The UFF gold results reinforce the elevated gold response to historic regional soil sampling over a magnetic responsive corridor on which historic water bore drill chips were identified as altered greenstone lithologies . The Company has now received DMIRS approval for a reconnaissance air-core drill program over prospective parts of this geochemical traverse. This AC drill program is scheduled to commence in February 2023. Southern Cross East - Gold project Three exploration licences located approximately 60km north-east of the well-endowed gold mining camp of Southern Cross have recently been granted, for a total of 620km. The granted tenements include interpreted buried Archaean rocks within a favourable orogenic gold structural setting. The project area has had negligible on-ground exploration. The structural setting is believed to comprise a series of thrust faults dislocated by minor secondary dilational structures which are prospective for orogenic gold mineralisation. Regional soil sampling and field reconnaissance programs are scheduled to commence this month. An exploration licence located 95km north-northeast of Laverton has also recently been granted. The tenement captures ground located on the same crustal feature as St George Mining's Mt Alexander nickel sulphide deposit and is considered an analogous geological setting for magmatic nickel +/-copper sulphide potential. As seen at Mt Alexander, the interpreted host rocks at Yamarna are fractured and intruded by Proterozoic dykes and considered similar to the setting at Mt Alexander.Board Change • Nov 17Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 05Full year 2022 earnings released: AU$0.036 loss per share (vs AU$0.05 loss in FY 2021)Full year 2022 results: AU$0.036 loss per share. Revenue: AU$945.0k (up 33% from FY 2021). Net loss: AU$3.16m (flat on FY 2021).Board Change • Oct 05Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 18First half 2022 earnings: Revenues and EPS in line with analyst expectationsFirst half 2022 results: AU$0.021 loss per share (up from AU$0.038 loss in 1H 2021). Revenue: AU$945.0k (up 271% from 1H 2021). Net loss: AU$1.77m (loss narrowed 17% from 1H 2021). Revenue was in line with analyst estimates.Board Change • Dec 31Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Sep 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.매출 및 비용 세부 내역Golden State Mining가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이CHIA:GSM 매출, 비용 및 순이익 (AUD Millions)날짜매출순이익일반관리비연구개발비31 Dec 250-11030 Sep 250-11030 Jun 250-11031 Mar 250-11031 Dec 240-11030 Sep 240-22030 Jun 240-33031 Mar 240-33031 Dec 230-34030 Sep 230-33030 Jun 230-33031 Mar 230-33031 Dec 220-33030 Sep 220-33030 Jun 221-34031 Mar 221-34031 Dec 211-34030 Sep 211-34030 Jun 211-34031 Mar 210-34031 Dec 200-33030 Sep 200-22030 Jun 200-22031 Mar 200-22031 Dec 190-32030 Sep 190-32030 Jun 190-32031 Dec 180-220양질의 수익: GSM 은(는) 현재 수익성이 없습니다.이익 마진 증가: GSM는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: GSM는 수익성이 없지만 지난 5년 동안 연평균 16%의 속도로 손실을 줄였습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 GSM의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: GSM은 수익성이 없어 지난 해 수익 성장률을 Metals and Mining 업계(59.9%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: GSM는 현재 수익성이 없으므로 자본 수익률이 음수(-73.45%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/26 08:48종가2026/06/26 00:00수익2025/12/31연간 수익2025/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Golden State Mining Limited는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Reported Earnings • Oct 05Full year 2022 earnings released: AU$0.036 loss per share (vs AU$0.05 loss in FY 2021)Full year 2022 results: AU$0.036 loss per share. Revenue: AU$945.0k (up 33% from FY 2021). Net loss: AU$3.16m (flat on FY 2021).
Reported Earnings • Mar 18First half 2022 earnings: Revenues and EPS in line with analyst expectationsFirst half 2022 results: AU$0.021 loss per share (up from AU$0.038 loss in 1H 2021). Revenue: AU$945.0k (up 271% from 1H 2021). Net loss: AU$1.77m (loss narrowed 17% from 1H 2021). Revenue was in line with analyst estimates.
Board Change • May 20No independent directorsThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Alex Tunnadine is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.
Board Change • May 01No independent directorsThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Alex Tunnadine is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.
공시 • Oct 08Golden State Mining Limited, Annual General Meeting, Nov 27, 2025Golden State Mining Limited, Annual General Meeting, Nov 27, 2025.
공시 • Sep 01Golden State Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million.Golden State Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 62,500,000 Price\Range: AUD 0.008 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 125,000,000 Price\Range: AUD 0.008 Security Features: Attached Options Transaction Features: Subsequent Direct Listing
Board Change • Aug 18Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Feb 04Insufficient new directorsNo 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 Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Dec 24Insufficient new directorsNo 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 Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Oct 22Golden State Mining Limited, Annual General Meeting, Nov 22, 2024Golden State Mining Limited, Annual General Meeting, Nov 22, 2024. Location: stantons, level 2, 40 kings park road, west perth wa 6005, Australia
New Risk • Mar 15New 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$3.5m 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$3.5m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 6.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (139% increase in shares outstanding). Revenue is less than US$1m (AU$61k revenue, or US$40k). Market cap is less than US$10m (AU$3.35m market cap, or US$2.21m).
공시 • Nov 22Golden State Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.812124 million.Golden State Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.812124 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 47,772,000 Price\Range: AUD 0.017 Transaction Features: Subsequent Direct Listing
New Risk • Nov 17New 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$2.7m 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$2.7m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Revenue is less than US$1m (AU$30k revenue, or US$20k). Market cap is less than US$10m (AU$4.59m market cap, or US$2.98m).
공시 • Nov 15Golden State Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 0.812124 million.Golden State Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 0.812124 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 47,772,000 Price\Range: AUD 0.017 Transaction Features: Subsequent Direct Listing
공시 • Oct 28Golden State Mining Limited, Annual General Meeting, Nov 29, 2023Golden State Mining Limited, Annual General Meeting, Nov 29, 2023, at 11:00 W. Australia Standard Time. Location: Stantons, Level 2, 40 Kings Park Road, West Perth, Western Australia West Perth Australia Agenda: To receive the Financial Report, together with the Directors' Report and the Auditor's Report, for the financial year ended 30 June 2023; to adopt the Remuneration Report; to consider re-election of mr brenton siggs as a director; to consider and approval of 10% placement facility; and to deal with any other business that may be brought forward in accordance with the Constitution and the Corporations Act.
New Risk • Sep 30New 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$2.7m 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$2.7m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Revenue is less than US$1m (AU$93k revenue, or US$60k). Market cap is less than US$10m (AU$6.88m market cap, or US$4.42m).
New Risk • Jul 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 64% 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 Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.88m market cap, or US$4.70m).
공시 • Jun 03Golden State Mining Limited, Annual General Meeting, Jul 05, 2023Golden State Mining Limited, Annual General Meeting, Jul 05, 2023, at 11:00 W. Australia Standard Time. Location: Stantons, Level 2, 40 Kings Park Road West Perth Western Australia Australia Agenda: To consider the ratification of issue of tranche 1 placement shares using 15% placement capacity; to consider the ratification of issue of tranche 1 placement shares using 10% placement capacity; to consider the approval to issue tranche 2 placement shares; to consider the approval to issue tranche 2 placement shares; to consider the approval to issue lead manager options; and to consider the ratification of agreement to issue 2028 options.
Board Change • Apr 14Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Feb 24Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Jan 18Golden State Mining Limited Updates on Exploration Projects and Drill Program Being Planned At Four Mile Well Project Near Laverton, Western AustraliaGolden State Mining Limited provided an update on its exploration projects and a new drill program being planned at the Four Mile Well project near Laverton, Western Australia. A new Exploration Licence located to the north of the Company's existing tenure has recently been granted GSM recently completed an ultra-fine fraction soil sampling traverse over an historic arsenic-bismuth +/- gold soil anomaly on the newly granted tenement E38/3632. The UFF gold results reinforce the elevated gold response to historic regional soil sampling over a magnetic responsive corridor on which historic water bore drill chips were identified as altered greenstone lithologies . The Company has now received DMIRS approval for a reconnaissance air-core drill program over prospective parts of this geochemical traverse. This AC drill program is scheduled to commence in February 2023. Southern Cross East - Gold project Three exploration licences located approximately 60km north-east of the well-endowed gold mining camp of Southern Cross have recently been granted, for a total of 620km. The granted tenements include interpreted buried Archaean rocks within a favourable orogenic gold structural setting. The project area has had negligible on-ground exploration. The structural setting is believed to comprise a series of thrust faults dislocated by minor secondary dilational structures which are prospective for orogenic gold mineralisation. Regional soil sampling and field reconnaissance programs are scheduled to commence this month. An exploration licence located 95km north-northeast of Laverton has also recently been granted. The tenement captures ground located on the same crustal feature as St George Mining's Mt Alexander nickel sulphide deposit and is considered an analogous geological setting for magmatic nickel +/-copper sulphide potential. As seen at Mt Alexander, the interpreted host rocks at Yamarna are fractured and intruded by Proterozoic dykes and considered similar to the setting at Mt Alexander.
Board Change • Nov 17Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 05Full year 2022 earnings released: AU$0.036 loss per share (vs AU$0.05 loss in FY 2021)Full year 2022 results: AU$0.036 loss per share. Revenue: AU$945.0k (up 33% from FY 2021). Net loss: AU$3.16m (flat on FY 2021).
Board Change • Oct 05Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 18First half 2022 earnings: Revenues and EPS in line with analyst expectationsFirst half 2022 results: AU$0.021 loss per share (up from AU$0.038 loss in 1H 2021). Revenue: AU$945.0k (up 271% from 1H 2021). Net loss: AU$1.77m (loss narrowed 17% from 1H 2021). Revenue was in line with analyst estimates.
Board Change • Dec 31Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Sep 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.