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Alice Queen Ltd. (AU:AQX)
ASX:AQX
Australian Market

Alice Queen Ltd. (AQX) AI Stock Analysis

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AU:AQX

Alice Queen Ltd.

(Sydney:AQX)

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Underperform 38 (OpenAI - 4o)
Rating:38Underperform
Price Target:
AU$0.01
▲(37.50% Upside)
Alice Queen Ltd. faces significant challenges, primarily due to financial performance issues and lack of technical and valuation data. While revenue growth is strong, the absence of profitability and cash flow stability, combined with insufficient market data, results in a low overall score.
Positive Factors
Revenue Growth
Strong revenue growth indicates successful expansion and increased market demand, which can support future profitability and business scaling.
Low Leverage
Low leverage provides financial flexibility and reduces risk, allowing the company to invest in growth opportunities without excessive debt burden.
Positive Free Cash Flow Growth
Positive free cash flow growth enhances the company's ability to fund operations, invest in new projects, and weather economic downturns.
Negative Factors
Profitability Challenges
Ongoing profitability issues can hinder long-term viability, limiting the company's ability to reinvest in growth and reward shareholders.
Negative Operating Cash Flow
Negative operating cash flow suggests the company may struggle to cover operational expenses, impacting its ability to sustain operations without external funding.
Operational Inefficiencies
Operational inefficiencies can lead to higher costs and reduced competitiveness, affecting the company's ability to achieve sustainable growth and profitability.

Alice Queen Ltd. (AQX) vs. iShares MSCI Australia ETF (EWA)

Alice Queen Ltd. Business Overview & Revenue Model

Company DescriptionAlice Queen Limited engages in the exploration for and development of mineral properties in Australia. The company primarily explores for gold and copper deposits. Its flagship property is the Horn Island Gold project located in the Torres Strait, Queensland. The company was incorporated in 2002 and is based in South Yarra, Australia.
How the Company Makes MoneyAlice Queen Ltd. primarily makes money through the exploration and development of its mineral assets, which includes gold and copper mining projects. The company generates revenue by identifying valuable mineral deposits, obtaining necessary permits, and eventually moving projects into production. Key revenue streams include the sale of extracted minerals, potential joint ventures with larger mining companies, and strategic partnerships that may provide funding and resources for exploration activities. Additionally, AQX may benefit from capital raising through equity markets, grants, or government support for mining initiatives, which can also contribute to its overall financial health.

Alice Queen Ltd. Financial Statement Overview

Summary
Alice Queen Ltd. shows strong revenue growth but faces profitability and cash flow issues. The low leverage is positive, but operational inefficiencies need addressing to improve financial health.
Income Statement
35
Negative
Alice Queen Ltd. has shown significant revenue growth, particularly in the latest year with an 82.9% increase. However, the company struggles with profitability, as evidenced by negative net profit margins and EBIT margins. The gross profit margin is positive, but the net losses indicate ongoing operational challenges.
Balance Sheet
45
Neutral
The company's debt-to-equity ratio is low, suggesting conservative leverage. However, the negative return on equity indicates that the company is not generating profit from its equity base. The equity ratio is not provided, but the overall financial stability is questionable due to ongoing losses.
Cash Flow
40
Negative
Alice Queen Ltd. has a positive free cash flow growth rate, but the operating cash flow remains negative, indicating cash flow challenges. The free cash flow to net income ratio is slightly above 1, suggesting some efficiency in converting income to cash, but overall cash flow health is weak.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue33.55K33.82K5.77K3.29K105.00247.05K
Gross Profit33.55K33.82K5.77K-85.16K-160.61K118.26K
EBITDA-2.43M-3.98M-1.75M-19.87M-8.08M-1.75M
Net Income-2.62M-4.14M-2.21M-17.24M-7.58M-1.86M
Balance Sheet
Total Assets2.36M911.36K599.23K359.78K17.95M22.31M
Cash, Cash Equivalents and Short-Term Investments1.69M370.73K123.09K41.93K333.67K1.16M
Total Debt147.36K110.67K182.17K185.60K85.39K202.32K
Total Liabilities466.69K898.25K537.22K906.98K887.02K763.27K
Stockholders Equity5.60M3.75M3.74M3.09M17.88M21.70M
Cash Flow
Free Cash Flow-3.05M-3.71M-2.36M-2.67M-4.65M-11.71M
Operating Cash Flow-2.98M-3.64M-2.36M-2.00M-1.26M-1.37M
Investing Cash Flow-71.13K-75.07K60.00K-707.20K-3.00M-8.57M
Financing Cash Flow3.22M4.00M2.38M2.43M3.43M8.16M

Alice Queen Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
48
Neutral
AU$9.10M-1.10-81.40%20.65%80.26%
47
Neutral
AU$4.43M-1.22-49.72%0.81%
41
Neutral
AU$14.59M-8.61-8.73%12.20%
38
Underperform
AU$6.78M-110.65%32.08%
32
Underperform
AU$12.97M-2.10-169.80%-17.78%
29
Underperform
AU$22.52M-4.89-204.45%-11.90%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:AQX
Alice Queen Ltd.
AU:TAS
Tasman Resources
0.02
<0.01
33.33%
AU:ACS
Accent Resources NL
0.05
0.03
253.85%
AU:GED
Golden Deeps Limited
0.06
0.03
100.00%
AU:BMM
Balkan Mining and Minerals Ltd
0.10
0.05
95.92%
AU:M24
Mamba Exploration Ltd.
0.02
<0.01
25.00%

Alice Queen Ltd. Corporate Events

Alice Queen Limited’s AGM Resolutions Successfully Passed
Nov 27, 2025

Alice Queen Limited held its Annual General Meeting on November 27, 2025, where all resolutions, including the adoption of the remuneration report, re-election and election of directors, and approval of a 10% placement capacity, were carried. The successful passage of these resolutions indicates strong shareholder support and positions the company for continued strategic growth and operational stability.

Alice Queen Updates AGM Notice and Option Expiry
Nov 17, 2025

Alice Queen Limited has announced an update regarding its 2025 Annual General Meeting, specifically altering the expiry date of 10,000,000 options from three years post-issue to 30 June 2028. Additionally, these options, initially unlisted, will now be part of the AQXO class of options, reflecting a strategic move to enhance market visibility and investor engagement.

Alice Queen Ltd. Announces Distribution Schedule for Expiring Options
Nov 13, 2025

Alice Queen Ltd. has released a distribution schedule for its options expiring on June 30, 2028, priced at $0.008, as of November 12, 2025. The schedule reveals that a significant majority of the issued capital, 97.20%, is held by a small group of 80 holders, indicating a concentrated ownership structure. This distribution could impact the company’s market dynamics and stakeholder interests by highlighting potential control by a few investors.

Alice Queen Ltd. Seeks Quotation for New Securities
Nov 13, 2025

Alice Queen Ltd. has announced the application for quotation of new securities, specifically options expiring on June 30, 2028, with an exercise price of $0.008. This move is part of the company’s strategic efforts to enhance its financial flexibility and potentially attract more investors, which could strengthen its position in the mining industry.

Alice Queen Ltd. Reveals Top 20 Option Holders
Nov 13, 2025

Alice Queen Ltd. has released a report detailing the top 20 holders of its options expiring on June 30, 2028, priced at $0.008. The report highlights that Gage Resource Development Pty Ltd holds the largest share at 46.98%, followed by Bowden Minerals Pty Ltd at 8.67%. The top 20 holders collectively own 89.58% of the options, indicating a concentrated ownership structure.

Alice Queen Limited Announces Director’s Interest Change
Nov 11, 2025

Alice Queen Limited has announced a change in the director’s interest notice for Andrew Buxton, reflecting an acquisition of 103,685 options as part of a loyalty reward program for shareholders. This move is aimed at reinforcing shareholder loyalty and does not involve any cash consideration, potentially strengthening the company’s relationship with its stakeholders.

Alice Queen Limited Announces Director’s Increased Interest Through Loyalty Options
Nov 11, 2025

Alice Queen Limited has announced a change in the director’s interest, with Jianying Wang acquiring 70,743,335 options as part of a loyalty reward program for eligible shareholders. This move reflects the company’s strategy to maintain shareholder engagement and loyalty, potentially impacting its market positioning by demonstrating a commitment to rewarding long-term investors.

Alice Queen Ltd. Issues Unquoted Securities in Strategic Move
Nov 7, 2025

Alice Queen Ltd. announced the issuance of 137,969,933 unquoted securities, specifically options expiring on June 30, 2028. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, potentially impacting the company’s financial strategy and stakeholder interests.

Alice Queen Ltd. Updates Strategy Amid Gold Price Surge
Nov 5, 2025

Alice Queen Limited has announced an update on its Horn Island Gold Project strategy, driven by a significant increase in gold prices from A$2,450/oz to approximately A$6,000/oz. This price surge has prompted the company to reassess the project’s economics and explore direct funding opportunities. The company is updating its 2021 Scoping Study to reflect the new gold price and other key assumptions, which is expected to substantially increase the project’s value. GBA Capital has been appointed as a strategic advisor to assist with the project’s development and financing, aiming to optimize funding strategies and enhance project value.

Alice Queen Limited Expands Gold Exploration at Viani Fiji Project
Oct 31, 2025

Alice Queen Limited reported significant progress in its Viani Fiji Project, where continued surface sampling at the Dakuniba low sulphidation epithermal vein zone extended the strike extent of high-grade gold mineralization from approximately 3km to 5km. The company also announced the commencement of a process to identify a potential partner for its Horn Island Project, alongside corporate developments including the appointment of Mr. Paul Williams as a Non-Executive Director and a successful $1 million fundraising through convertible notes. These activities reflect Alice Queen’s strategic efforts to enhance its exploration capabilities and strengthen its market position in the gold mining sector.

Alice Queen Ltd. Updates Proposed Securities Issue Timetable
Oct 28, 2025

Alice Queen Ltd. has announced an update to its previous statement regarding a proposed issue of securities. The update includes a revised timetable, with trading set to commence on November 10, 2025, and the first settlement date on November 12, 2025. This issuance is a bonus issue, and any fractional entitlements will be rounded up to the nearest whole number. The announcement aligns with the company’s strategic efforts to strengthen its financial position and provide additional value to its stakeholders.

Alice Queen Ltd. Updates Securities Issue Timetable
Oct 24, 2025

Alice Queen Ltd. has updated its previous announcement regarding the proposed issue of securities, with a revised timetable indicating the issue date as November 10, 2025, and the first settlement date as November 12, 2025. This update is significant for stakeholders as it provides clarity on the timing of the securities issue, potentially impacting the company’s financial strategy and market positioning.

Alice Queen Ltd. Announces 2025 Annual General Meeting
Oct 24, 2025

Alice Queen Ltd. has announced its 2025 Annual General Meeting scheduled for November 27, 2025, at 454 Collins Street, Melbourne. The meeting will address various resolutions that impact shareholder interests, and voting eligibility is determined for those registered by November 25, 2025. Shareholders are encouraged to participate either in person or by proxy, as the outcomes of the meeting are significant for their shareholding.

Alice Queen Ltd. Announces Bonus Issue of Securities
Oct 22, 2025

Alice Queen Ltd. has announced a proposed bonus issue of securities, specifically options expiring on June 30, 2028, with an exercise price of $0.008. This move is aimed at strengthening the company’s capital structure and potentially increasing its liquidity in the market, which could have positive implications for its stakeholders by enhancing the company’s financial flexibility and market positioning.

Alice Queen Ltd. Announces Proposed Securities Issue
Oct 22, 2025

Alice Queen Ltd. announced a proposed issue of 25 million securities, set to expire on June 30, 2028, at an exercise price of $0.008. This initiative is part of a placement or other type of issue, with the proposed issue date being December 12, 2025. The announcement signifies a strategic move to raise capital, potentially impacting the company’s financial position and market operations.

Alice Queen Ltd. Announces Proposed Securities Issue
Oct 22, 2025

Alice Queen Ltd. has announced a proposed issue of securities, planning to issue 125 million options expiring on June 30, 2028, and 250 million fully paid ordinary shares. This strategic move is aimed at raising capital, potentially enhancing the company’s financial position and market operations, which may have implications for its stakeholders.

Alice Queen Ltd. Announces $1 Million Share Placement and Loyalty Options Offer
Oct 22, 2025

Alice Queen Ltd. has secured binding commitments to raise $1,000,000 through a placement of shares at $0.004 per share, with the issuance to occur in two tranches. The funds will be used for resource updates and exploration projects, with substantial shareholder Gage Resource Development Pty Ltd participating to maintain its 51% stake. Additionally, the company plans to offer bonus loyalty options to existing shareholders, subject to ASX requirements, enhancing shareholder value and engagement.

Alice Queen Limited Requests Trading Halt for Capital Raising Announcement
Oct 20, 2025

Alice Queen Limited, listed on the Australian Securities Exchange under the ticker AQX, has requested a trading halt on its securities. This pause in trading is pending an announcement regarding a proposed capital raising initiative. The halt is intended to help the company manage its continuous disclosure obligations and will remain in effect until either the announcement is made or normal trading resumes on October 22, 2025.

Alice Queen Ltd. Announces Proposed Securities Issue to Bolster Operations
Oct 17, 2025

Alice Queen Ltd. has announced a proposed issue of securities, consisting of 10 million options expiring in 2028 and 200 million fully paid ordinary shares, with the issue date set for November 20, 2025. This strategic move is likely intended to raise capital for ongoing and future projects, potentially strengthening the company’s financial position and operational capabilities in the mining sector.

Alice Queen Ltd. Announces Proposed Issue of Securities
Oct 17, 2025

Alice Queen Ltd. has announced a proposed issue of 10,000,000 unlisted options with an exercise price of $0.008, set to expire three years from the date of issue. This strategic move is aimed at raising capital and potentially enhancing the company’s financial flexibility, which could impact its operational capabilities and market positioning within the mining sector.

Alice Queen Limited Releases Corporate Governance Statement for 2025
Sep 30, 2025

Alice Queen Limited has released its Corporate Governance Statement for the financial year ending June 30, 2025, which is accessible on their website. The statement, approved by the board, outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting their commitment to transparency and accountability in their corporate governance practices.

Alice Queen Ltd. Releases Annual Report for 2025
Sep 30, 2025

Alice Queen Ltd. has released its annual report for the year ending June 30, 2025. The report provides insights into the company’s financial performance and operational highlights over the past year, which are crucial for stakeholders to understand the company’s current standing and future prospects.

Alice Queen Ltd. Announces Director’s Interest Change
Sep 7, 2025

Alice Queen Ltd. has announced a change in the director’s interest, specifically involving Andrew Buxton, who has disposed of 40,000,000 quoted options and 2,671,725 ordinary shares. This off-market transfer significantly reduces Buxton’s direct holdings in the company, which may impact the company’s stock dynamics and investor perceptions.

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.

Disclaimer

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.Date of analysis: Oct 19, 2025