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Alma Metals Limited Chess Depository Interests repr 1 Shs
(Sydney:ALM)
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Rating:42Neutral
Price Target:
$0.01
Action:Reiterated
Date:07/15/26
The score is primarily weighed down by weak financial performance—no revenue, ongoing losses, and persistent cash burn with a shrinking equity base. Technical signals add modest pressure with price below key moving averages and a negative MACD, while valuation is constrained by a negative P/E and no dividend support. The lack of debt is the main stabilizing factor but does not offset continued funding dependence implied by negative cash flows.
Positive Factors
Low leverage / No debt
No reported debt materially lowers fixed financial obligations and bankruptcy risk, giving management more flexibility to time exploration programs and capital raises. This durable capital-structure strength reduces refinancing pressure and supports survival through prolonged exploration cycles.
Negative Factors
No revenue / recurring losses
Absence of revenue across multiple years means the business model remains unproven and value depends entirely on exploration success. Persistent operating losses erode equity and increase reliance on external funding, raising dilution and execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / No debt
No reported debt materially lowers fixed financial obligations and bankruptcy risk, giving management more flexibility to time exploration programs and capital raises. This durable capital-structure strength reduces refinancing pressure and supports survival through prolonged exploration cycles.
Read all positive factors
Alma Metals Limited Chess Depository Interests repr 1 Shs (ALM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$24.58M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)2.54
Revenue GrowthN/A
EPS Growth48.00%
CountryAU
Employees15
SectorGeneral
Sector StrengthN/A
IndustryCopper
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,634,831,300
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)2.06
Price to Sales (P/S)0.00
P/FCF Ratio-2.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Alma Metals Limited Chess Depository Interests repr 1 Shs Business Overview & Revenue Model
Company Description
Alma Metals Limited is an exploration firm focused on discovering metallic mineral deposits across Australia, with a particular emphasis on copper and gold. Its assets include the Briggs, Mannersley, and Fig Tree Hill Porphyry copper project in Qu...
How the Company Makes Money
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Alma Metals Limited Chess Depository Interests repr 1 Shs Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
54
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -677.29K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -702.96K | -25.67K | -18.22K | -9.91K | 0.00 | 0.00 |
| EBITDA | -4.17M | -4.33M | -3.10M | -2.76M | -2.33M | 2.51M |
| Net Income | -2.29M | -3.68M | -3.12M | -2.77M | -9.25M | -5.39M |
Balance Sheet | ||||||
| Total Assets | 6.90M | 3.57M | 5.50M | 6.26M | 4.81M | 13.24M |
| Cash, Cash Equivalents and Short-Term Investments | 2.63M | 1.02M | 2.21M | 2.56M | 1.63M | 8.52M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 470.40K | 560.22K | 342.75K | 246.79K | 105.62K | 107.81K |
| Stockholders Equity | 6.43M | 3.01M | 5.16M | 6.01M | 4.70M | 13.13M |
Cash Flow | ||||||
| Free Cash Flow | -2.13M | -2.86M | -2.99M | -2.70M | -1.81M | -794.76K |
| Operating Cash Flow | -2.13M | -2.85M | -2.97M | -2.65M | -1.78M | -794.76K |
| Investing Cash Flow | 464.43K | 276.32K | 25.96K | 32.40K | -1.33M | 803.55K |
| Financing Cash Flow | 2.41M | 1.39M | 2.67M | 3.46M | 3.26M | -513.00 |
Alma Metals Limited Chess Depository Interests repr 1 Shs Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | AU$20.94M | -24.07 | -3.08% | ― | 38.90% | 61.19% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | AU$9.54M | -2.50 | -22.10% | ― | ― | 40.00% | |
44 Neutral | AU$27.85M | -1.91 | -41.46% | ― | ― | ― | |
43 Neutral | AU$7.12M | -4.23 | -123.30% | ― | ― | 62.32% | |
42 Neutral | AU$24.58M | -20.00 | -48.46% | ― | ― | 48.00% |
* General Sector Average
AU:ALM
Alma Metals Limited Chess Depository Interests repr 1 Shs
0.01
<0.01
20.00%
AU:NFM
Castillo Copper Ltd.
0.01
>-0.01
-23.08%
AU:CPO
Culpeo Minerals Limited
0.01
0.00
0.00%
AU:RRR
Revolver Resources Holdings Ltd
0.07
0.01
17.24%
AU:NRX
Noronex Ltd.
0.01
>-0.01
-21.43%
AU:SLM
Solis Minerals Ltd Registered Shs
0.08
<0.01
1.25%
Alma Metals Limited Chess Depository Interests repr 1 Shs Corporate Events
Alma Metals Boosts Briggs Copper Project with New Exploration Camp
Jul 1, 2026
Alma Metals has acquired and relocated a fully equipped 16-person modular exploration camp to its Briggs Copper Project in central Queensland, significantly expanding on-site accommodation and support facilities. The camp, which includes ensuite r...
Alma Metals Completes Director Share Placement and Issues Cleansing Notice
Jun 29, 2026
Alma Metals Limited has completed the second tranche of a previously announced share placement, issuing 31.8 million fully paid ordinary shares at $0.01 each to raise $318,000 before costs. The new shares were allocated to four company directors f...
Alma Metals Seeks ASX Quotation for 31.8 Million New CDIs
Jun 29, 2026
Alma Metals Limited has applied for quotation on the ASX of 31,800,000 new CHESS Depositary Interests on a 1:1 basis with its underlying shares, with an issue date of June 29, 2026. The additional CDIs, which follow previously announced transactio...
Alma Metals Wins Strong Shareholder Backing for Share Placement Resolutions
Jun 22, 2026
Alma Metals Limited reported the outcomes of its general meeting held on 22 June 2026, where shareholders voted on several resolutions related to the ratification and issuance of placement shares. The poll results showed overwhelming support, with...
Alma Metals Calls 2026 General Meeting to Formalise Shareholder Votes
May 25, 2026
Alma Metals Limited has called a general meeting of shareholders to be held on 22 June 2026 in Subiaco, Western Australia. Shareholders are encouraged to participate in the meeting by lodging proxy or voting instruction forms, underscoring the com...
Alma Metals Director Increases Shareholding Through On-Market Purchase
May 13, 2026
Alma Metals Limited has disclosed a change in director Valentine Chitalu’s holdings following an on-market purchase of additional ordinary shares. Between 7 and 11 May 2026, Chitalu acquired 4,115,375 Alma Metals shares for approximately $59...
Alma Metals Plans Major CDI Placement to Expand Capital Base
May 6, 2026
Alma Metals Limited has notified the ASX of a proposed equity placement involving the issue of up to 400 million CHESS Depositary Interests on a 1:1 basis, with a planned issue date of May 14, 2026. The move signals a significant potential expansi...
Alma Metals Secures $4 Million to Advance Briggs Copper Project and Boost JV Position
May 6, 2026
Alma Metals has raised $4 million through an oversubscribed share placement at $0.01 per share, drawing strong support from institutional, sophisticated, and director investors. The two-tranche structure, using existing placement capacity for Tran...
Alma Metals Advances Briggs Copper Project With Strong Drilling Results and New Resource Program
Apr 29, 2026
Alma Metals has reported final assays from its 2025 drilling program at the Briggs copper project in Queensland, confirming very thick and higher-grade mineralised intersections than the current resource average and highlighting the project’...
Alma Metals Launches Major Drilling Push to Advance Briggs Copper Project
Apr 29, 2026
Alma Metals has launched a major 12–15 month drilling campaign at its Briggs Copper Project in Central Queensland to expand and upgrade its existing mineral resource, which currently hosts 2 million tonnes of contained copper plus molybdenum...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.