New Risk • Jul 28
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 German stocks, typically moving 13% 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. This is currently the only risk that has been identified for the company. Tillkännagivande • Jul 08
Aurelia Metals Limited to Report Q4, 2026 Results on Jul 20, 2026 Aurelia Metals Limited announced that they will report Q4, 2026 results Pre-Market on Jul 20, 2026 Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Non-Executive Director Bob Vassie 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. Lack of board continuity. Tillkännagivande • Apr 14
Aurelia Metals Limited to Report Q3, 2026 Results on Apr 28, 2026 Aurelia Metals Limited announced that they will report Q3, 2026 results Pre-Market on Apr 28, 2026 Tillkännagivande • Feb 24
Aurelia Metals Limited to Report First Half, 2026 Results on Feb 26, 2026 Aurelia Metals Limited announced that they will report first half, 2026 results on Feb 26, 2026 Tillkännagivande • Jan 19
Aurelia Metals Limited to Report Q2, 2026 Results on Jan 21, 2026 Aurelia Metals Limited announced that they will report Q2, 2026 results Pre-Market on Jan 21, 2026 Tillkännagivande • Nov 28
Aurelia Metals Limited Announces Audit Committee Changes Aurelia Metals Limited announced that further to its announcement dated 27 November 2025 regarding the appointment of Mr. Bruce Cox as Interim Non-Executive Chair, in accordance with good governance for the period he is acting as Interim Non-Executive Chair, Mr. Cox will step down as Chair of the Audit Committee and Mr. Bob Vassie has been appointed as Interim Chair of the Audit Committee for this period of time. Tillkännagivande • Oct 16
Aurelia Metals Limited to Report Q1, 2026 Results on Oct 21, 2025 Aurelia Metals Limited announced that they will report Q1, 2026 results on Oct 21, 2025 Tillkännagivande • Sep 17
Aurelia Metals Limited, Annual General Meeting, Nov 27, 2025 Aurelia Metals Limited, Annual General Meeting, Nov 27, 2025. Tillkännagivande • Aug 22
Aurelia Metals Limited to Report Fiscal Year 2025 Results on Aug 26, 2025 Aurelia Metals Limited announced that they will report fiscal year 2025 results Pre-Market on Aug 26, 2025 Tillkännagivande • Jul 10
Aurelia Metals Limited to Report Q4, 2025 Results on Jul 21, 2025 Aurelia Metals Limited announced that they will report Q4, 2025 results on Jul 21, 2025 Tillkännagivande • Apr 17
Aurelia Metals Limited to Report Q3, 2025 Results on Apr 23, 2025 Aurelia Metals Limited announced that they will report Q3, 2025 results Pre-Market on Apr 23, 2025 Tillkännagivande • Feb 24
Aurelia Metals Limited to Report First Half, 2025 Results on Feb 26, 2025 Aurelia Metals Limited announced that they will report first half, 2025 results on Feb 26, 2025 Tillkännagivande • Jan 20
Aurelia Metals Limited to Report Q2, 2025 Results on Jan 29, 2025 Aurelia Metals Limited announced that they will report Q2, 2025 results on Jan 29, 2025 Tillkännagivande • Oct 18
Aurelia Metals Limited to Report Q1, 2025 Results on Oct 23, 2024 Aurelia Metals Limited announced that they will report Q1, 2025 results on Oct 23, 2024 Tillkännagivande • Sep 16
Aurelia Metals Limited, Annual General Meeting, Nov 26, 2024 Aurelia Metals Limited, Annual General Meeting, Nov 26, 2024. Recent Insider Transactions • Sep 13
Non-Executive Nominee Director recently bought €1.6m worth of stock On the 11th of September, Franklyn Brazil bought around 17m shares on-market at roughly €0.092 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.6m more in shares than they have sold in the last 12 months. Breakeven Date Change • Sep 01
Forecast to breakeven in 2026 The 4 analysts covering Aurelia Metals expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$8.70m in 2026. Average annual earnings growth of 60% is required to achieve expected profit on schedule. Tillkännagivande • Aug 27
Aurelia Metals Limited to Report Fiscal Year 2024 Results on Aug 29, 2024 Aurelia Metals Limited announced that they will report fiscal year 2024 results Pre-Market on Aug 29, 2024 New Risk • Jul 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 24% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 24% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$32m net loss in 2 years). Share price has been volatile over the past 3 months (9.4% average weekly change). New Risk • Jul 10
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$25m Forecast net loss in 2 years: AU$4.3m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$4.3m net loss in 2 years). Share price has been volatile over the past 3 months (9.5% average weekly change). Tillkännagivande • Jul 10
Aurelia Metals Limited to Report Q4, 2024 Results on Jul 24, 2024 Aurelia Metals Limited announced that they will report Q4, 2024 results on Jul 24, 2024 New Risk • Apr 24
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$25m Forecast net loss in 2 years: AU$18m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (24% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$18m net loss in 2 years). Shareholders have been diluted in the past year (37% increase in shares outstanding). Tillkännagivande • Apr 19
Aurelia Metals Limited to Report Q3, 2024 Results on Apr 23, 2024 Aurelia Metals Limited announced that they will report Q3, 2024 results Pre-Market on Apr 23, 2024 New Risk • Apr 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings are forecast to decline by an average of 6.5% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$26m net loss in 2 years). Shareholders have been diluted in the past year (37% increase in shares outstanding). New Risk • Feb 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$43m net loss in 3 years). Shareholders have been diluted in the past year (37% increase in shares outstanding). Tillkännagivande • Feb 26
Aurelia Metals Limited to Report First Half, 2024 Results on Feb 28, 2024 Aurelia Metals Limited announced that they will report first half, 2024 results on Feb 28, 2024 New Risk • Feb 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$43m net loss in 3 years). Shareholders have been diluted in the past year (37% increase in shares outstanding). New Risk • Feb 02
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$52m Forecast net loss in 3 years: AU$18m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (22% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$18m net loss in 3 years). Shareholders have been diluted in the past year (37% increase in shares outstanding). Tillkännagivande • Feb 01
Aurelia Metals Announces Changes to Board of Directors, Effective January 31, 2024 Aurelia Metals (AMI) has announced that Helen Gillies and Paul Harris will step down as Non-Executive Directors (NED) with effect from January 31, 2024. Mr. Harris was appointed as a NED in December 2018 and Ms. Gillies in January 2021, and the Board extends its gratitude to them for their valued service since joining the Aurelia Board. New Risk • Jan 31
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$52m Forecast net loss in 3 years: AU$17m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (22% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$17m net loss in 3 years). Shareholders have been diluted in the past year (37% increase in shares outstanding). Tillkännagivande • Jan 25
Aurelia Metals Limited to Report Q2, 2024 Results on Jan 30, 2024 Aurelia Metals Limited announced that they will report Q2, 2024 results on Jan 30, 2024 New Risk • Jan 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$46m net loss in 3 years). Shareholders have been diluted in the past year (37% increase in shares outstanding). New Risk • Dec 06
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$52m Forecast net loss in 3 years: AU$22m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$22m net loss in 3 years). Shareholders have been diluted in the past year (37% increase in shares outstanding). New Risk • Oct 19
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$52m Forecast net loss in 3 years: AU$20m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$20m net loss in 3 years). Shareholders have been diluted in the past year (36% increase in shares outstanding). Market cap is less than US$100m (€93.7m market cap, or US$99.1m). Tillkännagivande • Oct 17
Aurelia Metals Limited to Report Q1, 2024 Results on Oct 19, 2023 Aurelia Metals Limited announced that they will report Q1, 2024 results Pre-Market on Oct 19, 2023 Recent Insider Transactions • Sep 06
Independent Non-Executive Chairman recently bought €62k worth of stock On the 5th of September, Peter Robert Botten bought around 1m shares on-market at roughly €0.058 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth €1.4m. This was Peter Robert's only on-market trade for the last 12 months. Tillkännagivande • Sep 05
Aurelia Metals Limited, Annual General Meeting, Nov 14, 2023 Aurelia Metals Limited, Annual General Meeting, Nov 14, 2023. New Risk • Sep 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$590k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$590k free cash flow). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Shareholders have been diluted in the past year (36% increase in shares outstanding). Market cap is less than US$100m (€89.6m market cap, or US$96.7m). Reported Earnings • Aug 31
Full year 2023 earnings released: AU$0.042 loss per share (vs AU$0.066 loss in FY 2022) Full year 2023 results: AU$0.042 loss per share (improved from AU$0.066 loss in FY 2022). Revenue: AU$369.2m (down 16% from FY 2022). Net loss: AU$52.2m (loss narrowed 36% from FY 2022). Revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Tillkännagivande • Aug 29
Aurelia Metals Limited to Report Fiscal Year 2023 Results on Aug 30, 2023 Aurelia Metals Limited announced that they will report fiscal year 2023 results at 9:00 AM, E. Australia Standard Time on Aug 30, 2023 Board Change • Aug 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Non-Executive Director Susie Corlett is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Jun 16
Insider recently bought €1.4m worth of stock On the 9th of June, Franklyn Brazil bought around 19m shares on-market at roughly €0.073 per share. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €13m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 24
First half 2023 earnings released: AU$0.024 loss per share (vs AU$0.006 profit in 1H 2022) First half 2023 results: AU$0.024 loss per share (down from AU$0.006 profit in 1H 2022). Revenue: AU$192.7m (down 18% from 1H 2022). Net loss: AU$29.5m (down 493% from profit in 1H 2022). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 1.5% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jan 27
Aurelia Metals Limited to Report Q2, 2023 Results on Jan 30, 2023 Aurelia Metals Limited announced that they will report Q2, 2023 results on Jan 30, 2023 Tillkännagivande • Jan 19
Aurelia Metals Limited Announces Geophysical Survey Results Reveal Four Priority Discovery Targets Aurelia Metals Limited shared promising results from four Induced Polarisation (IP) surveys in the Nymagee District. Highlights: IP surveys conducted at four prospects in the Nymagee District, 100 kilometres (km) from Cobar, in New South Wales (NSW) have revealed exciting anomalies in the next step to a new polymetallic discovery; All four prospects tested - Lancelot, Vaucluse, Piney and Lyell-Burge Trig - contain high chargeability levels, including 90 millivolts per volt (mV/V) at Lancelot, where levels of 10-15 mV/V typically warrant drill testing; The results at Lancelot are especially intriguing and have significantly upgraded its mineral prospectivity and advanced the prospect through Aurelia's exploration pipeline; The surveys have fast-tracked the target definition process, and fine-spaced soil sampling is planned for all four prospects in the June quarter followed by drill testing if results are favourable; and Aurelia currently holds access agreements with landowners in the areas where all four prospects are located providing ease of progressing the prospects through the exploration pipeline. The IP surveys conducted at Lancelot, Vaucluse, Piney and Lyell-Burge Trig revealed significant chargeability anomalies, supported by corresponding low resistivity anomalies. Aurelia's geologists interpret these results to indicate potential for sulphide discovery at all four targets. Chargeability values at Lancelot and Vaucluse are some of the highest values observed in the Nymagee District. The Lyell - Burge Trig prospects have early stage exploration characteristics that are very similar to those initially observed at Federation, such as magnetic high ridges with coincident chargeability highs and associated gravity highs. Lancelot: Four IP lines using the Pole-Dipole method were completed over the Lancelot prospect area at 3.5km length and 400m line spacing. The IP survey was designed to assess the electrical properties of two northwest trending anomalous magnetic high ridges in the central and western portions of the survey area. The westernmost chargeability anomaly is coincident with a strong magnetic high anomaly, whereas the central and eastern chargeability anomalies are coincident with a strong to moderate magnetic low. There is potential for magnetic minerals to be de-magnetised due to alteration which results in magnetic lows. There is a possibility the magnetic low in this area is associated with silicification associated with sulphide deposition. Vaucluse: Five IP lines at 3.2km and 2.4km in length using the Pole-Dipole method were completed over the Vaucluse prospect area at 400m line spacing. The IP survey was designed to assess the electrical properties of two northwest trending anomalous linear magnetic high ridges through the central and western portion of the survey area. Background chargeability values range from 5-10mV/V and a strong chargeability corridor was confirmed in the western portion of the survey area reaching up to 40mV/V. A moderate to strong chargeability high corridor was confirmed in the central portion of the survey area reaching up to 30mV/V, both coincident with strong magnetic high ridges. Piney: Aurelia completed a total of six IP lines 1.3km in length using the Dipole-Dipole method over the Piney prospect area at 400m line spacing. The survey was designed to assess the electrical properties of a northeast trending anomalous magnetic ridge in the northern portion of the survey area. Background chargeability values range from 0-2mV/V and a large chargeability corridor was confirmed in the survey data reaching up to 12mV/V, coincident with a truncated magnetic high ridge, indicating large fault displacement and continuity of the magnetic feature through the survey area. Lyell - Burge Trig: Aurelia completed a total of six IP lines 3.5km in length using the Pole-Dipole method over the Lyell - Burge Trig prospect areas at 400m line spacing. The 2022 IP survey aimed to provide supporting information to an IP survey conducted in 2019 which identified a broad central linear zone of chargeability. The 2022 survey provided greater depth extent (400m) and higher resolution to the existing survey and was extended west to verify a subtle western chargeability feature. Background chargeability values range from 0-2mV/V and two main chargeability corridors were confirmed in the survey data reaching up to 15mV/V. The contrast to background indicates realistic electrical responses and a high probability of sulphides being present. Both high chargeability corridors coincide with high magnetic ridges indicating the zones are potentially sulphide rich and magnetic. Recent Insider Transactions • Nov 30
Insider recently bought €5.1m worth of stock On the 28th of November, Franklyn Brazil bought around 57m shares on-market at roughly €0.09 per share. This transaction increased Franklyn Brazil's direct individual holding by 2x at the time of the trade. 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. Board Change • Nov 16
High number of new directors Non-Executive Director Bruce Cox was the last director to join the board, commencing their role in 2022. Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Bruce Cox was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 02
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Helen Gillies 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. Lack of board continuity. Reported Earnings • Aug 31
Full year 2022 earnings released: AU$0.066 loss per share (vs AU$0.04 profit in FY 2021) Full year 2022 results: AU$0.066 loss per share (down from AU$0.04 profit in FY 2021). Revenue: AU$438.8m (up 5.4% from FY 2021). Net loss: AU$81.7m (down 290% from profit in FY 2021). Over the next year, revenue is forecast to grow 14%, compared to a 4.4% growth forecast for the Metals and Mining industry in Germany. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 26
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.006 (down from AU$0.021 in 1H 2021). Revenue: AU$235.1m (up 13% from 1H 2021). Net income: AU$7.50m (down 62% from 1H 2021). Profit margin: 3.2% (down from 9.5% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 3.9%, compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Board Change • Dec 03
High number of new directors Non-Executive Chairman Peter Botten was the last director to join the board, commencing their role in 2021. Reported Earnings • Aug 26
Full year 2021 earnings released: EPS AU$0.04 (vs AU$0.034 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$416.5m (up 26% from FY 2020). Net income: AU$42.9m (up 46% from FY 2020). Profit margin: 10% (up from 8.9% in FY 2020). Production and reserves: Gold Production: 103.63 troy koz (91.672 troy koz in FY 2020) Number of mines: 3 (2 in FY 2020) Zinc Production: 25,059 t (20,087 t in FY 2020) Number of mines: 2 (2 in FY 2020) Lead Production: 25,894 t (21,561 t in FY 2020) Number of mines: 2 (2 in FY 2020) Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Mar 04
Independent Non-Executive Director recently bought €64k worth of stock On the 26th of February, Robert Vassie bought around 250k shares on-market at roughly €0.26 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. Executive Departure • Mar 02
Independent Non-Executive Chairman Colin Johnstone has left the company On the 2nd of March, Colin Johnstone's tenure as Independent Non-Executive Chairman ended after 4.3 years in the role. As of December 2020, Colin personally held 1.50m shares (€378k worth at the time). A total of 3 executives have left over the last 12 months. Reported Earnings • Feb 28
First half 2021 earnings released: EPS AU$0.021 (vs AU$0.018 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: AU$207.7m (up 26% from 1H 2020). Net income: AU$19.8m (up 27% from 1H 2020). Profit margin: 9.5% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 19
New 90-day low: €0.23 The company is down 11% from its price of €0.26 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 62% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.13 per share. Is New 90 Day High Low • Dec 12
New 90-day low: €0.24 The company is down 22% from its price of €0.31 on 11 September 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.12 per share. Is New 90 Day High Low • Nov 19
New 90-day low: €0.26 The company is down 23% from its price of €0.33 on 20 August 2020. The German 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 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.11 per share. Is New 90 Day High Low • Nov 02
New 90-day low: €0.27 The company is down 16% from its price of €0.32 on 04 August 2020. The German market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed 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 €0.091 per share.