Resource Mining Corporation Limited engages in the mineral exploration business in Tanzania and Papua New Guinea.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.018|
|52 Week High||AU$0.008|
|52 Week Low||AU$0.033|
|1 Month Change||20.00%|
|3 Month Change||20.00%|
|1 Year Change||20.00%|
|3 Year Change||125.00%|
|5 Year Change||350.00%|
|Change since IPO||-99.96%|
Recent News & Updates
A Quick Analysis On Resource Mining's (ASX:RMI) CEO Salary
This article will reflect on the compensation paid to Warwick Davies who has served as CEO of Resource Mining...
|RMI||AU Metals and Mining||AU Market|
Return vs Industry: RMI exceeded the Australian Metals and Mining industry which returned 13.3% over the past year.
Return vs Market: RMI matched the Australian Market which returned 20.3% over the past year.
Stable Share Price: RMI is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 25% a week.
Volatility Over Time: RMI's weekly volatility has decreased from 30% to 25% over the past year, but is still higher than 75% of Australian stocks.
About the Company
Resource Mining Corporation Limited engages in the mineral exploration business in Tanzania and Papua New Guinea. It holds a 100% interest in the Wowo Gap nickel/cobalt/laterite project located in Port Moresby; and a 75% interest in the Kabulwanyele Nickel project situated near the Western border of Tanzania. The company was incorporated in 1984 and is based in Subiaco, Australia.
Resource Mining Fundamentals Summary
|RMI fundamental statistics|
Is RMI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RMI income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0022|
|Net Profit Margin||0.00%|
How did RMI perform over the long term?See historical performance and comparison
Is Resource Mining undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether Resource Mining is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Resource Mining has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
How is Resource Mining forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Resource Mining has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Resource Mining performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RMI is currently unprofitable.
Growing Profit Margin: RMI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RMI is unprofitable, but has reduced losses over the past 5 years at a rate of 24.1% per year.
Accelerating Growth: Unable to compare RMI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RMI is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).
Return on Equity
High ROE: RMI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
How is Resource Mining's financial position?
Financial Position Analysis
Short Term Liabilities: RMI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: RMI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: RMI has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: RMI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: RMI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RMI has less than a year of cash runway if free cash flow continues to grow at historical rates of 50% each year.
What is Resource Mining current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RMI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RMI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if RMI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RMI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RMI's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Warwick Jeffrey Davies, BA (Economics) has been the Managing Director of Resource Mining Corporation Limited since September 2010. He has been Non-Executive Director of Fenix Resources Limited since No...
CEO Compensation Analysis
Compensation vs Market: Warwick's total compensation ($USD79.27K) is below average for companies of similar size in the Australian market ($USD301.95K).
Compensation vs Earnings: Warwick's compensation has increased whilst the company is unprofitable.
Experienced Board: RMI's board of directors are seasoned and experienced ( 15.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10%.
Resource Mining Corporation Limited's employee growth, exchange listings and data sources
- Name: Resource Mining Corporation Limited
- Ticker: RMI
- Exchange: ASX
- Founded: 1984
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$5.214m
- Shares outstanding: 325.89m
- Website: https://www.resmin.com.au
Number of Employees
- Resource Mining Corporation Limited
- 210 Bagot Road
- Suite 14
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 07:04|
|End of Day Share Price||2021/10/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.