company background image
RMI

Resource MiningASX:RMI Stock Report

Market Cap

AU$5.2m

7D

-10.0%

1Y

20.0%

Updated

19 Oct, 2021

Data

Company Financials
RMI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

RMI Overview

Resource Mining Corporation Limited engages in the mineral exploration business in Tanzania and Papua New Guinea.

Price History & Performance

Summary of all time highs, changes and price drops for Resource Mining
Historical stock prices
Current Share PriceAU$0.018
52 Week HighAU$0.008
52 Week LowAU$0.033
Beta0.53
1 Month Change20.00%
3 Month Change20.00%
1 Year Change20.00%
3 Year Change125.00%
5 Year Change350.00%
Change since IPO-99.96%

Recent News & Updates

Jan 19
A Quick Analysis On Resource Mining's (ASX:RMI) CEO Salary

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...

Shareholder Returns

RMIAU Metals and MiningAU Market
7D-10.0%3.9%1.7%
1Y20.0%13.3%20.3%

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.

Price Volatility

Is RMI's price volatile compared to industry and market?
RMI volatility
RMI Beta0.53
Industry Beta0.97
Market Beta1

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

FoundedEmployeesCEOWebsite
1984n/aWarwick Davieshttps://www.resmin.com.au

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

How do Resource Mining's earnings and revenue compare to its market cap?
RMI fundamental statistics
Market CapAU$5.21m
Earnings (TTM)-AU$733.70k
Revenue (TTM)n/a

0x

P/S Ratio

-8.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RMI income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$733.71k
Earnings-AU$733.70k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0022
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio-82.1%

How did RMI perform over the long term?

See historical performance and comparison

Valuation

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.


Future Growth

How is Resource Mining forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.2%

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.


Past Performance

How has Resource Mining performed over the past 5 years?

24.1%

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.


Financial Health

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.


Balance Sheet


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.


Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

15.5yrs

Average board tenure


CEO

Warwick Davies

11.08yrs

Tenure

AU$106,957

Compensation

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.


Board Members

Experienced Board: RMI's board of directors are seasoned and experienced ( 15.5 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10%.


Top Shareholders

Company Information

Resource Mining Corporation Limited's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Resource Mining Corporation Limited
  • 210 Bagot Road
  • Suite 14
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 07:04
End of Day Share Price2021/10/19 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.