Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Alliance Mineral Assets. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
Alliance Mineral Assets's
is considered below, and whether this is a fair price.
Price based on past earnings
Alliance Mineral Assets's earnings available for a low price, and how does
this compare to other companies in the same industry?
Alliance Mineral Assets's earnings are expected to grow significantly at over 20% yearly.
Alliance Mineral Assets's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Alliance Mineral Assets's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
Alliance Mineral Assets
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Alliance Mineral Assets's finances.
The net worth of a company is the difference between its assets and liabilities.
Alliance Mineral Assets is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Alliance Mineral Assets's long term commitments exceed its cash and other short term assets.
This treemap shows a more detailed breakdown of
Alliance Mineral Assets's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Debt is covered by short term assets, assets are 1.2x debt.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Mark Andrew Calderwood, CP AusIMM, has been Managing Director, Director and CEO of Alliance Mineral Assets Ltd since December 14, 2018. He served as Chief Executive Officer of Alliance Mineral Assets Limited (formerly known as Tawana Resources NL) from July 11, 2016 to December 2018 and as it Managing Director from October 21, 2016 to December 2018. Mr. Calderwood served as a Technical Director of Explaurum Limited from August 07, 2013 to August 2016. Mr. Calderwood served as the Chief Executive Officer and Managing Director of Perseus Mining Limited from January 23, 2004 to January 31, 2013. He served as a Managing Director of Afminex’s West African operations and has eight years’ experience in the West African region and a network of contacts throughout the region. He also served as Exploration Director of Equus Mining Limited. He has extensive experience in exploring for and mining both gold and tantalum. He served as Exploration Manager of Moto Gold Mines. He was the Chairman of Manas Resources Ltd. since 2018 until October 31, 2018 and had served as its Non-Executive Chairman from May 1, 2017 to 2018. He serves as Non-Executive Chairman of Cowan Lithium Limited. He had served as the Executive Chairman of Manas Resources Ltd. from July 7, 2015 to May 1, 2017 and served as its Non-Executive Chairman from April 2014 to July 2015. Mr. Calderwood has been a Non-Executive Director for Manas Resources Ltd. since October 17, 2007 and Burey Gold Limited since August 12, 2014. He serves as a Director of Erongo Energy Limited and Corporate & Resource Consultants Pty. Ltd. He had been Director of Alliance Mineral Assets Limited (formerly known as Tawana Resources NL) since October 21 2016. He served as an Executive Director of Perseus Mining Ltd since January 23, 2004. He served as a Director of Caspian Oil & Gas Limited (formerly Afminex Limited) until July 8, 2004. He served as a Director at Explaurum Limited from August 07, 2013 to August 8, 2016. Mr. Calderwood served as a Member of Technical Advisory Committee at Hummingbird Resources PLC until June 2018. Mr. Calderwood is a geologist by profession and a Chartered Professional Member of the Australasian Institute of Mining and Metallurgy. He is also an authority on pegmatities and is a co-author of the public "A Guidebook to the Pegmatities of Western Australia". He served as a Director of Lithium Africa No.1 Pty Ltd; Explaurum Operations Pty ltd; Armani Gold Limited (formerly Bury Gold Limited); Ninghan Exploration Pty Ltd; Centash Holdings Pty Ltd; Perseus Mining (Ghana) Limited; CRC Liberia Pty Ltd; Manas Holdings (Kyrgyz) Pty Ltd; CRC Guinea Pty Ltd; Kojina Resources Limited; Sungold Resources Limited and Leo Shield (Ghana) Limited. He serves as a Director of TTFB Pty Ltd; Kenema-Man Holdings Liberia Pty Ltd; Waba Holdings Pty Ltd; Tawana Gold Pty Ltd; LVG Holdings Pty Ltd; Tawana Liberia Inc; Lithco No.2 Pty Ltd; Mount Belches Pty Ltd; Pegmatite Holdings Pty Ltd and Amery Holdings Pty Ltd.
Mark's compensation has increased whilst company is loss making.
Mark's remuneration is lower than average for companies of similar size in Australia.
Management Team Tenure
Average tenure of the
Alliance Mineral Assets
management team in years:
The average tenure for the Alliance Mineral Assets management team is less than 2 years, this suggests a new team.
MD & CEO
Director of Operations & Director
Chief Financial Officer
Chief Technical Officer - Metallurgy & Processing
Chief Technical Officer of Mining
Board of Directors Tenure
Average tenure and age of the
Alliance Mineral Assets
board of directors in years:
The average tenure for the Alliance Mineral Assets board of directors is less than 3 years, this suggests a new board.
Alliance Mineral Assets Limited engages in the exploration and development of mineral properties in Western Australia, South Africa, and Liberia. It explores for lithium and tantalum tenements, as well as iron ore. The company’s principal project is the Bald Hill project that includes four mining leases, eight exploration licenses, eight prospecting licenses, and two tenement applications totaling 774 square metres, which is located to the southeast of Kambalda region in the Eastern Goldfields, Western Australia. The company was formerly known as Tawana Resources NL. The company was incorporated in 1998 and is based in Osborne Park, Australia.
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