New Risk • Jun 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (90% increase in shares outstanding). Revenue is less than US$1m (AU$111k revenue, or US$78k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$17.6m market cap, or US$12.3m). Tillkännagivande • Jun 03
Stavely Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.998761 million. Stavely Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.998761 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 171,196,595
Price\Range: AUD 0.0115
Discount Per Security: AUD 0.00069
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 136,521,739
Price\Range: AUD 0.0115
Discount Per Security: AUD 0.00069
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: AUD 0.0115
Discount Per Security: AUD 0.00069
Transaction Features: Subsequent Direct Listing Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 1 independent director (4 non-independent directors). Independent Non-Executive Director Rob Dennis was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 1 independent director (4 non-independent directors). Independent Non-Executive Director Rob Dennis was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Apr 13
Stavely Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million. Stavely Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 171,304,348
Price\Range: AUD 0.0115
Discount Per Security: AUD 0.00069
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 136,521,739
Price\Range: AUD 0.0115
Discount Per Security: AUD 0.00069
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: AUD 0.0115
Discount Per Security: AUD 0.00069
Transaction Features: Subsequent Direct Listing New Risk • Dec 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m (AU$79k revenue, or US$53k). Market cap is less than US$10m (AU$13.0m market cap, or US$8.71m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Board Change • Dec 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 1 independent director (4 non-independent directors). Independent Non-Executive Director Rob Dennis was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Oct 10
Stavely Minerals Limited, Annual General Meeting, Nov 19, 2025 Stavely Minerals Limited, Annual General Meeting, Nov 19, 2025. Location: first floor, 168 stirling highway, nedlands, western australia, Australia Board Change • Aug 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 1 independent director (4 non-independent directors). Independent Non-Executive Director Rob Dennis was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Aug 11
Stavely Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.97042 million. Stavely Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.97042 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 135,714,289
Price\Range: AUD 0.014
Discount Per Security: AUD 0.00084
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,030,000
Price\Range: AUD 0.014
Discount Per Security: AUD 0.00084
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Tillkännagivande • Aug 04
Stavely Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.97042 million. Stavely Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.97042 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 135,714,286
Price\Range: AUD 0.014
Discount Per Security: AUD 0.00084
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,030,000
Price\Range: AUD 0.014
Discount Per Security: AUD 0.00084
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Feb 04
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 1 independent director (4 non-independent directors). Independent Non-Executive Director Rob Dennis was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Jan 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 17% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (AU$67k revenue, or US$42k). Market cap is less than US$10m (AU$12.0m market cap, or US$7.44m). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (42% increase in shares outstanding). Board Change • Dec 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 1 independent director (4 non-independent directors). Independent Non-Executive Director Rob Dennis was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Nov 20
Stavely Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. Stavely Minerals 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 0.024
Discount Per Security: AUD 0.00144
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Tillkännagivande • Oct 15
Stavely Minerals Limited, Annual General Meeting, Nov 21, 2024 Stavely Minerals Limited, Annual General Meeting, Nov 21, 2024. Location: held at first floor, 168 stirling highway, nedlands, western australia, Australia Reported Earnings • Oct 02
Full year 2024 earnings released: AU$0.015 loss per share (vs AU$0.028 loss in FY 2023) Full year 2024 results: AU$0.015 loss per share (improved from AU$0.028 loss in FY 2023). Net loss: AU$5.59m (loss narrowed 37% from FY 2023). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. New Risk • Sep 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.07% per year over the past 5 years. Revenue is less than US$1m (AU$72k revenue, or US$49k). Market cap is less than US$10m (AU$13.0m market cap, or US$8.85m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (28% increase in shares outstanding). Tillkännagivande • Jun 13
Stavely Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.65 million. Stavely Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.65 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 89,189,189
Price\Range: AUD 0.037
Discount Per Security: AUD 0.00222
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,459,459
Price\Range: AUD 0.037
Discount Per Security: AUD 0.00222
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • May 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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$8.1m free cash flow). Earnings have declined by 0.07% per year over the past 5 years. Revenue is less than US$1m (AU$72k revenue, or US$48k). Market cap is less than US$10m (AU$13.7m market cap, or US$9.13m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). New Risk • Jan 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.7m (US$9.06m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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$9.9m free cash flow). Earnings have declined by 7.9% per year over the past 5 years. Revenue is less than US$1m (AU$59k revenue, or US$39k). Market cap is less than US$10m (AU$13.7m market cap, or US$9.06m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). New Risk • Oct 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor 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 Less than 1 year of cash runway based on free cash flow trend (-AU$9.9m free cash flow). Earnings have declined by 7.9% per year over the past 5 years. Revenue is less than US$1m (AU$59k revenue, or US$38k). Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$27.6m market cap, or US$17.5m). Tillkännagivande • Oct 09
Stavely Minerals Limited, Annual General Meeting, Nov 16, 2023 Stavely Minerals Limited, Annual General Meeting, Nov 16, 2023, at 11:01 W. Australia Standard Time. Location: FIRST FLOOR, 168 STIRLING HIGHWAY Nedlands Western Australia Australia Agenda: To consider the annual financial report of the Company for the financial year ended 30 June 2023 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to consider adoption of remuneration report; to consider re-election of Mr. Robert Dennis as a Director; to consider re-election of Ms. Amanda Sparks as a Director; to consider issue of Director Options Mr. Christopher Cairns; to consider issue of Director Options Ms. Jennifer Murphy; to consider Approval of 7.1A Mandate; to adoption of Employee Incentive Plan; and to consider other business issues. Reported Earnings • Sep 27
Full year 2023 earnings released: AU$0.028 loss per share (vs AU$0.054 loss in FY 2022) Full year 2023 results: AU$0.028 loss per share (improved from AU$0.054 loss in FY 2022). Net loss: AU$8.86m (loss narrowed 37% from FY 2022). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. New Risk • Sep 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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$13m free cash flow). Earnings have declined by 18% per year over the past 5 years. Revenue is less than US$1m (AU$45k revenue, or US$29k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$26.4m market cap, or US$17.0m). New Risk • Sep 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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$13m free cash flow). Earnings have declined by 18% per year over the past 5 years. Revenue is less than US$1m (AU$45k revenue, or US$29k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$28.7m market cap, or US$18.3m). Tillkännagivande • Jun 29
Stavely Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.650001 million. Stavely Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.650001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 39,444,454
Price\Range: AUD 0.09
Discount Per Security: AUD 0.0054
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,111,111
Price\Range: AUD 0.09
Discount Per Security: AUD 0.0054
Transaction Features: Subsequent Direct Listing Tillkännagivande • May 23
Stavely Minerals Limited (ASX:SVY) entered into Non-binding Term Sheet to acquire North West Nickel Pty Ltd from Chalice Mining Limited (ASX:CHN) for AUD 1.4 million. Stavely Minerals Limited (ASX:SVY) entered into Non-binding Term Sheet to acquire North West Nickel Pty Ltd from Chalice Mining Limited (ASX:CHN) for AUD 1.4 million on May 23, 2023. AUD 0.05 million will be paid in cash as deposit, AUD 0.95 million will be paid in Stavely Minerals, AUD 0.35 million of performance rights and AUD 0.05 million performance rights which convert to ordinary shares. Through North West Nickel acquisition, Stavely minearls will own Hawkstone Nickel-Copper-Cobalt Project. Prior to this acquisition, North West Nickel will acquire 100% of tenements E04/2299 and E04/2325, currently held by Strategic Metals Pty Ltd, and 100% of tenement E04/2784 currently held by CGM (WA) Pty Ltd. The transaction is subject to execution of a binding Definitive Agreement to replace the Terms Sheet. Reported Earnings • Mar 08
First half 2023 earnings released: AU$0.008 loss per share (vs AU$0.025 loss in 1H 2022) First half 2023 results: AU$0.008 loss per share (improved from AU$0.025 loss in 1H 2022). Net loss: AU$2.44m (loss narrowed 62% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Tillkännagivande • Jan 20
Stavely Minerals Limited Commences a Significant New Phase of Exploration Activity at its 100%-Owned Stavely Copper-Gold Project in Western Victoria Stavely Minerals Limited announced that it is has commenced a significant new phase of exploration activity at its 100%-owned Stavely Copper-Gold Project in western Victoria after completing an extensive review of regional and near- resource discovery opportunities last year. The Diamond Drill Programme: At the end of 2022 prominent porphyry expert Dr. Steve Garwin was invited to review the drill data for the Cayley Lode and to visit site to inspect the drill core. As a result of Dr. Garwin's review, a new porphyry target has been developed beneath and along plunge of some of the latest and deepest intercepts on the Cayley Lode including holes SMD173 and SMD182. SMD173 was one of the last diamond drill holes completed during the Mineral Resource drill- out. At the time, some investors and analysts had expressed concerns that the Cayley Lode mineralisation might not extend below the low-angle structure and SMD173 was designed to confirm Stavely Minerals' strongly-held conviction that the mineralisation did continue at depth. SMD173 intercepted 43m at 2.60% Cu, 0.42g/t Au and 10g/t Ag from 378m drill depth. Of significance is that the character of the mineralisation in SMD173 had changed relative to intercepts from previous drill-holes. The early massive- to semi-massive pyrite phase was less evident and the interval was more dominantly characterised by jigsaw breccia to stockwork veins of quartz-chalcopyrite- hematite-specularite-magnetite. There is very little pyrite in this interval. SMD182 was the last drill hole completed in the Mineral Resource drill-out. The objective of this drill-hole was to further test the down-plunge extent of the Cayley Lode beyond SMD173. SMD182 intercepted 10.4m at 4.34% Cu, 3.17g/t Au and 11g/t Ag from 421m drill depth, including 4.9m at 6.74% Cu, 6.45g/t Au and 19g/t Ag. Two important observations from SMD182 are: the clear association of hematite-specularite-magnetite-chalcopyrite with very little pyrite; and the near parity of gold grade in g/t to the copper grade in %. The potential economic significance of an increase in gold grades with high-grade copper in this intercept cannot be overstated. As mentioned in the original announcement, more drilling is required to confirm this increase in relative gold grade but it is not unexpected given the change in the character of the mineralisation. An initial series of 4 x 800m drill holes have been designed with pierce point spacings approximately 150m apart in a horizontal `fence' across the south-east plunge of the Cayley lode. One diamond drill rig is setting up on the drill site while a second rig is expected within days. Titeline Drilling have agreed to accept the equivalent of the estimated cost ($650,000) of the 4-hole programme in Stavely shares based on the previous 5-day volume-weighted average price. The Air-core Drill Programme An extensive air-core drilling programme has commenced designed to test a number of targets including follow-up to anomalous results from last year's reconnaissance air-core programmes as well as some newly defined targets. Initial drilling has commenced at the Junction 3 target and will move later this week to the Narrapumelap REE prospect where soil auger sampling had returned anomalous results up to 0.24% TREO+Y. The Narrapumelap REE anomaly is in the Black Range Joint Venture tenement EL5425 between Stavely Minerals (83% and earning-in) and Navarre Minerals (17% and diluting). Follow-up air-core testing of several other regional targets will follow. Board Change • Nov 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Rob Dennis was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 28
Full year 2022 earnings released: AU$0.054 loss per share (vs AU$0.083 loss in FY 2021) Full year 2022 results: AU$0.054 loss per share (improved from AU$0.083 loss in FY 2021). Net loss: AU$14.0m (loss narrowed 34% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Rob Dennis was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 07
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.025 loss per share (up from AU$0.032 loss in 1H 2021). Net loss: AU$6.44m (loss narrowed 20% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Sep 15
Full year 2021 earnings released: AU$0.083 loss per share (vs AU$0.075 loss in FY 2020) Full year 2021 results: Net loss: AU$21.2m (loss widened 38% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Recent Insider Transactions • Sep 01
Non-Executive Director recently bought AU$193k worth of stock On the 30th of August, Robert Dennis bought around 444k shares on-market at roughly AU$0.43 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Mar 11
First half 2021 earnings released: AU$0.032 loss per share (vs AU$0.031 loss in 1H 2020) First half 2021 results: Net loss: AU$8.01m (loss widened 31% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 06
New 90-day low: AU$0.71 The company is down 11% from its price of AU$0.80 on 06 November 2020. The Australian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 19% over the same period. Is New 90 Day High Low • Nov 07
New 90-day high: AU$0.80 The company is up 33% from its price of AU$0.60 on 07 August 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 down 7.0% over the same period. Is New 90 Day High Low • Oct 22
New 90-day high: AU$0.68 The company is up 3.0% from its price of AU$0.66 on 24 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is flat over the same period. 