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Southern Gold Limited (AU:ION)
ASX:ION
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Southern Gold Limited (ION) Price & Analysis

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ION Stock Chart & Stats

AU$0.04
AU$0.00(0.00%)
At close: 4:00 PM EST
AU$0.04
AU$0.00(0.00%)

Bulls Say, Bears Say

Bulls Say
Low Leverage / Clean Balance SheetZero reported debt and a material increase in equity provide a durable funding buffer and reduce solvency risk. Over the next several months this balance sheet flexibility supports continuing exploration programs, enables non-dilutive financing options (JV/farm-out), and limits refinancing pressure.
Revenue Reappeared In FY2025Reporting revenue after a period of none demonstrates the company can generate transactional receipts or partner-funded activity. Sustained small revenue streams can validate project commerciality, improve reporting transparency and create pathways to scale receipts via farm-outs or asset sales over the medium term.
High Gross Margin On Reported RevenueA high gross margin on the limited revenue indicates favorable unit economics for any monetized product or service. If revenue scales through partnerships or asset sales, the high gross margin supports operating leverage and the potential to turn exploratory receipts into meaningful contribution to operating profit over time.
Bears Say
Persistent Cash BurnSustained negative operating and free cash flow depletes equity and forces reliance on external funding or asset sales. Over a multi-month horizon this constrains the pace of exploration, increases dilution or JV dependence risk, and may pressure management to alter programs if financing becomes costly.
Large Operating LossesMaterial operating losses reflect a business still in an investment phase with costs far exceeding receipts. Persisting losses reduce runway and require recurring funding events; they also limit reinvestment capacity from internal cash flows and raise execution risk for advancing projects toward monetization.
Negative Returns On EquityNegative ROE despite higher equity signals the company is not creating shareholder value from its capital base. Over the medium term this undermines investor support, may increase cost of capital, and could force strategic shifts such as asset sales or accelerated farm-outs to restore positive returns.

Southern Gold Limited News

ION FAQ

What was Southern Gold Limited’s price range in the past 12 months?
Southern Gold Limited lowest share price was AU$0.02 and its highest was AU$0.07 in the past 12 months.
    What is Southern Gold Limited’s market cap?
    Southern Gold Limited’s market cap is AU$42.77M.
      When is Southern Gold Limited’s upcoming earnings report date?
      Southern Gold Limited’s upcoming earnings report date is Sep 30, 2026 which is in 79 days.
        How were Southern Gold Limited’s earnings last quarter?
        Southern Gold Limited released its earnings results on Feb 23, 2026. The company reported -AU$0.003 earnings per share for the quarter, missing the consensus estimate of N/A by -AU$0.003.
          Is Southern Gold Limited overvalued?
          According to Wall Street analysts Southern Gold Limited’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does Southern Gold Limited pay dividends?
            Southern Gold Limited does not currently pay dividends.
            What is Southern Gold Limited’s EPS estimate?
            Southern Gold Limited’s EPS estimate for its next earnings report is not yet available.
            How many shares outstanding does Southern Gold Limited have?
            Southern Gold Limited has 1,296,144,400 shares outstanding.
              What happened to Southern Gold Limited’s price movement after its last earnings report?
              Southern Gold Limited reported an EPS of -AU$0.003 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -3.448%.
                Which hedge fund is a major shareholder of Southern Gold Limited?
                Currently, no hedge funds are holding shares in AU:ION
                What is the TipRanks Smart Score and how is it calculated?
                Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                  Southern Gold Limited Stock Smart Score

                  1
                  Underperform
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                  Fundamentals

                  Return on Equity
                  -67.68%
                  Trailing 12-Months
                  Asset Growth
                  52.95%
                  Trailing 12-Months

                  Company Description

                  Southern Gold Limited

                  Iondrive Limited is primarily engaged in advancing and commercializing battery technology, complemented by its activities in lithium exploration. The company also conducts prospecting for other key minerals such as gold, silver, copper, palladium, and rare earth elements. Originally known as Southern Gold Limited, the firm rebranded as Iondrive Limited in November 2023. Founded in 2004, its operations are based out of Adelaide, Australia.

                  Southern Gold Limited (ION) Earnings & Revenues

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