Board Change • Jul 15
Less than half of directors are independent Following 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 Director Peter Bewick was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • May 02
Insider recently sold AU$1.2m worth of stock On the 26th of April, Michael Bohm sold around 860k shares on-market at roughly AU$1.40 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$1.8m more than they bought in the last 12 months. Breakeven Date Change • Apr 01
Forecast breakeven date pushed back to 2024 The 5 analysts covering Mincor Resources previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 30% to 2023. The company is expected to make a profit of AU$108.2m in 2024. Average annual earnings growth of 32% is required to achieve expected profit on schedule. Breakeven Date Change • Mar 21
Forecast to breakeven in 2023 The 6 analysts covering Mincor Resources expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$32.2m in 2023. Earnings growth of 15% is required to achieve expected profit on schedule. Reported Earnings • Feb 24
First half 2023 earnings released: AU$0.11 loss per share (vs AU$0.03 loss in 1H 2022) First half 2023 results: AU$0.11 loss per share (further deteriorated from AU$0.03 loss in 1H 2022). Revenue: AU$19.5m (up AU$19.5m from 1H 2022). Net loss: AU$54.7m (loss widened 295% from 1H 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Aankondiging • Jan 19
Mincor Resources NL Announces Outstanding new high-grade intercepts at Northern Operations Mincor Resources NL reported further significant assay results from underground drilling targeting extensions of the Durkin North and LN04a orebodies within the highly prospective exploration zone at the Company's Long and Durkin North Operations at Kambalda in Western Australia. Modelling and interpretation of this new geological data has led to the interpretation of a considerably broader Long-Durkin North mineralised channel. The latest interpretation suggests that Long, LN04a and Durkin North orebodies all form part of the same, broad mineralised channel, which may have a strike extent of greater than 2.5km. The high-grade massive sulphide intersections observed within this channel resemble the typical Kambalda-type ore surfaces currently being mined at Mincor's Northern Operations. This recently defined mineralised channel is believed to represent a significant exploration opportunity for the Company and further systematic step-out drilling is planned over the current financial year to determine the potential for economic mineralisation, as well as further potential strike extensions of the Durkin North orebodies. New drilling points to a broader Long-Durkin North mineralised channel: The latest drill results indicate extensions of the Durkin North orebodies with mineralised surfaces continuing beyond the existing resources and remaining open both along strike and down-dip. In particular, the significant high-grade intercepts at Durkin North highlight the potential for strike and down-dip extensions to the west, previously untested. The Company is excited about the implications of the recently defined Long-Durkin North mineralised channel and the potential to delineate further high-grade mineralisation within areas where there has been no systematic drill testing. A significant underground drilling program will continue at the Northern Operations over the remainder of FY2023 with the focus on step-out and in-fill drilling within the recently defined Long-Durkin North mineralised channel and further grade control drilling. LN04a: The latest round of drilling has provided additional confidence in the up-dip continuity of the LN04a orebody, with multiple high-grade intercepts returned outside of the current Mineral Resource. These results further reinforce the potential of LN04a to extend beyond the original interpretation, with mineralisation remaining open along strike and, notably, up-dip. Highlights of the recent up-dip diamond drilling intercepts include: ULG-22-130 - 1.5m @ 11.8% Ni; ULG-22-120 - 5.8m @ 3.7% Ni; and ULG-22-134 - 1.4m @ 3.7% Ni. Maiden underground drill program at Cassini Mine: The Company recently announced that it had secured a third underground diamond drill rig to accelerate exploration activities at Cassini. Originally planned for later in CY2023, the arrival of an additional rig has substantially accelerated the early exploration programs at Cassini and represents the first underground exploration work to be undertaken at this new mine since development of the operation began. The new rig has commenced underground drilling at Cassini. Drilling will initially take place from existing stockpile in the main Woodall Decline, with early programs targeting the highly prospective Cassini North channel (Figure 5). Similar to the Northern Operations, the potential for resource extensions at Cassini is enhanced by the proximity to existing high-quality underground infrastructure, with Cassini offering opportunities to introduce additional near-term ore sources and materially extend mine life. Cassini North Initial Target: Cassini North is a U-shaped ultramafic channel located sub-parallel to the Cassini orebody. Mincor previously tested the uppermost portion of the interpreted channel from surface in 2020, resulting in multiple >1% Ni intersections. While the Cassini North channel is modelled to extend down-plunge, sub-parallel to the Cassini orebody, there has so far been no drill testing of the channel below approximately 550m from surface. Underground development at Cassini now provides excellent drill platforms to undertake systematic drill testing of the down-plunge extents of the Cassini North channel. Initial drilling is aimed at better defining Cassini North channel architecture and further resource development at Cassini. Hartley Prospect: Geological interpretation and modelling of the geophysical data at the Hartley prospect is ongoing. The main objective of this work is to develop a robust geological model and enable detailed understanding of the channel architecture, both of which, once completed, will be used to guide further exploration drilling. A moving loop electromagnetic (MLEM) program has been extended and now covers the broader prospect area. The MLEM program is expected to be competed in March 2023. Aankondiging • Jan 05
Mincor Resources NL has completed a Follow-on Equity Offering in the amount of AUD 8.747117 million. Mincor Resources NL has completed a Follow-on Equity Offering in the amount of AUD 8.747117 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,292,890
Price\Range: AUD 1.39 Reported Earnings • Sep 01
Full year 2022 earnings released: AU$0.031 loss per share (vs AU$0.031 loss in FY 2021) Full year 2022 results: AU$0.031 loss per share (vs AU$0.031 loss in FY 2021). Revenue: AU$32.4m (up AU$32.3m from FY 2021). Net loss: AU$14.7m (loss widened 9.5% from FY 2021). Over the next year, revenue is forecast to grow 492%, compared to a 87,092% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Breakeven Date Change • Apr 27
Forecast breakeven date moved forward to 2022 The 4 analysts covering Mincor Resources previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of AU$21.7m in 2022. Earnings growth of 47% is required to achieve expected profit on schedule. Breakeven Date Change • Mar 10
Forecast breakeven date pushed back to 2023 The 3 analysts covering Mincor Resources previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 5.4% to 2022. The company is expected to make a profit of AU$85.3m in 2023. Average annual earnings growth of 99% is required to achieve expected profit on schedule. Buying Opportunity • Mar 05
Now 20% undervalued Over the last 90 days, the stock is up 86%. The fair value is estimated to be AU$2.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 76% per annum over the last 3 years. Earnings per share has grown by 9.7% per annum over the last 3 years. Recent Insider Transactions • Mar 04
Independent Non-Executive Director recently sold AU$444k worth of stock On the 2nd of March, Michael Bohm sold around 220k shares on-market at roughly AU$2.02 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Breakeven Date Change • Sep 23
Forecast to breakeven in 2022 The 3 analysts covering Mincor Resources expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$20.7m in 2022. Earnings growth of 48% is required to achieve expected profit on schedule. Reported Earnings • Sep 03
Full year 2021 earnings released: AU$0.031 loss per share (vs AU$0.044 loss in FY 2020) Full year 2021 results: Net loss: AU$13.4m (loss narrowed 6.0% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 05
New 90-day low: AU$0.97 The company is down 4.0% from its price of AU$1.02 on 04 December 2020. The Australian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$15.21 per share. Reported Earnings • Feb 13
First half 2021 earnings released: AU$0.014 loss per share (vs AU$0.024 loss in 1H 2020) First half 2021 results: Net loss: AU$5.75m (loss narrowed 18% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 04
New 90-day high: AU$1.18 The company is up 35% from its price of AU$0.88 on 07 October 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$10.70 per share. Is New 90 Day High Low • Dec 08
New 90-day high: AU$1.07 The company is up 19% from its price of AU$0.90 on 09 September 2020. The Australian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$8.94 per share. Is New 90 Day High Low • Nov 19
New 90-day high: AU$1.02 The company is up 38% from its price of AU$0.74 on 21 August 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$10.01 per share. Is New 90 Day High Low • Oct 23
New 90-day high: AU$1.00 The company is up 32% from its price of AU$0.76 on 24 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$9.89 per share. Recent Insider Transactions • Sep 25
Independent Non-Executive Director recently bought AU$358k worth of stock On the 22nd of September, Michael Bohm bought around 400k shares on-market at roughly AU$0.90 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$371k more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Sep 18
New 90-day high: AU$0.94 The company is up 18% from its price of AU$0.79 on 19 June 2020. The Australian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$10.02 per share. 