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Golden Rim Resources Ltd
(Sydney:AS1)
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Rating:44Neutral
Price Target:
AU$0.11
▲(12.00% Upside)
Action:Reiterated
Date:07/02/26
The score is held down primarily by weak financial performance (recurring losses and persistent negative cash flow despite a low-debt balance sheet) and an unfavorable valuation signal driven by negative earnings (deeply negative P/E and no dividend yield provided). Technicals add modest pressure with price below key moving averages and negative MACD, partially offset by near-oversold stochastic readings.
Positive Factors
Balance sheet strength
Low or zero debt and sizeable equity provide durable financial flexibility for an exploration company. This reduces refinancing and interest rate risk, supports continued drilling and project advancement despite cash burn, and improves attractiveness for JV partners or asset sales.
Negative Factors
Negative cash generation
Persistent negative operating and free cash flow is a structural weakness for a pre‑development miner. Continued cash burn forces reliance on external funding, increasing dilution risk and the chance of interrupted exploration programs if markets tighten, limiting long‑term self‑sufficiency.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Low or zero debt and sizeable equity provide durable financial flexibility for an exploration company. This reduces refinancing and interest rate risk, supports continued drilling and project advancement despite cash burn, and improves attractiveness for JV partners or asset sales.
Read all positive factors
Golden Rim Resources Ltd (AS1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$229.48M
Dividend YieldN/A
Average Volume (3M)1.39M
Price to Earnings (P/E)―
Beta (1Y)2.06
Revenue GrowthN/A
EPS Growth-176.00%
CountryAU
Employees146
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,086,177,700
10 Day Avg. Volume2,417,708
30 Day Avg. Volume1,393,472
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)1.48
Price to Sales (P/S)0.00
P/FCF Ratio-11.15
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
Golden Rim Resources Ltd Business Overview & Revenue Model
Company Description
Asara Resources Limited specializes in the discovery and advancement of mineral properties across diverse geographies, including Australia, Guinea, Burkina Faso, and Chile. The company's primary objective is the search for economically viable depo...
How the Company Makes Money
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Golden Rim Resources Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 8.41M | 0.00 |
| Gross Profit | -115.75K | -101.58K | -70.95K | -86.84K | 8.41M | -57.58K |
| EBITDA | -2.48M | -1.79M | -1.32M | -8.05M | -2.40M | -4.37M |
| Net Income | -2.27M | -1.46M | 1.54M | -8.07M | -2.28M | -4.31M |
Balance Sheet | ||||||
| Total Assets | 51.35M | 29.74M | 28.21M | 23.53M | 21.10M | 13.42M |
| Cash, Cash Equivalents and Short-Term Investments | 21.42M | 3.20M | 1.34M | 1.64M | 2.61M | 1.64M |
| Total Debt | 0.00 | 0.00 | 500.00K | 0.00 | 8.52M | 0.00 |
| Total Liabilities | 346.57K | 386.46K | 1.68M | 1.51M | 696.57K | 1.46M |
| Stockholders Equity | 52.70M | 30.77M | 27.93M | 23.19M | 22.36M | 13.82M |
Cash Flow | ||||||
| Free Cash Flow | -6.52M | -4.09M | -1.81M | -2.25M | -5.01M | -3.26M |
| Operating Cash Flow | -2.03M | -1.50M | -1.79M | -2.18M | -4.89M | -3.13M |
| Investing Cash Flow | -5.18M | 85.63K | -2.10M | -6.60M | -7.34M | -2.65M |
| Financing Cash Flow | 26.04M | 3.17M | 3.59M | 7.81M | 10.58M | 5.79M |
Golden Rim Resources Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$259.72M | 5.73 | 16.50% | 3.30% | 22.05% | 256.19% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$249.01M | -33.83 | -5.27% | ― | ― | 7.64% | |
49 Neutral | AU$241.30M | -74.13 | -8.87% | ― | ― | 99.23% | |
45 Neutral | AU$205.56M | -12.67 | -87.62% | ― | -100.00% | -2337.50% | |
44 Neutral | AU$229.48M | -1,250.00 | -5.45% | ― | ― | -176.00% | |
41 Neutral | AU$236.15M | -96.92 | -3.40% | ― | ― | ― |
* Basic Materials Sector Average
AU:AS1
Golden Rim Resources Ltd
0.12
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114.29%
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Golden Rim Resources Ltd Corporate Events
Asara Resources Boosts Capital with Share Placement to Advance Kada Gold Project
Jul 8, 2026
Asara Resources Limited has issued 30,746,456 fully paid ordinary shares under a previously announced placement, following shareholder approval in June 2026. The new shares were issued without a disclosure document under the relevant provisions of...
Asara Resources Expands Quoted Share Capital on the ASX
Jul 6, 2026
Asara Resources Limited is an ASX-listed company operating in the resources sector, with its ordinary fully paid shares traded under the ticker AS1. The company participates in the Australian capital markets through the issuance and quotation of s...
Asara Resources Issues 49 Million New Shares to Support Kada Gold Development
Jun 29, 2026
Asara Resources has issued 49,248,613 fully paid ordinary shares under a previously announced placement, following shareholder approval in June, and has confirmed the issuance was conducted without a prospectus under relevant Australian Corporatio...
Asara Resources Seeks Quotation for Nearly 5 Million New ASX Shares
Jun 29, 2026
Asara Resources Limited, an Australian-listed resources company trading under ticker AS1, focuses on developing its asset base through publicly traded ordinary fully paid shares on the ASX. While this filing does not specify its underlying commodi...
Asara Resources Plans Share Placement of Over 30 Million Shares
Jun 29, 2026
Asara Resources Limited has notified the ASX of a proposed placement or similar equity issue involving up to 30,746,456 ordinary fully paid shares, with an intended issue date of 3 July 2026. The move signals the company’s intent to raise ad...
Asara reallocates placement shares to new investors to fund Kada gold expansion
Jun 29, 2026
Asara Resources Limited has adjusted the terms of its previously announced A$60 million institutional placement, reducing the number of shares to be taken up by Barbet LLC FZ and reallocating the balance to a group of targeted institutional and pr...
Asara Resources Seeks ASX Quotation for 44.3 Million New Shares
Jun 26, 2026
Asara Resources Limited has lodged an application with the ASX for quotation of 44,320,000 ordinary fully paid shares under the code AS1, with an issue date of June 25, 2026. The new securities arise from previously announced transactions and thei...
Asara shareholders back strategy as explorer advances flagship Kada gold project
Jun 19, 2026
Asara Resources Limited is an ASX-listed mineral explorer focused on gold and base metals projects in Guinea and Chile, with its primary asset being the Kada Gold Project in eastern Guinea. The company is working to increase its ownership in Kada ...
Asara Resources Extends High-Grade Gold at Kada’s Massan Deposit
May 22, 2026
Asara Resources has reported strong new drilling results from Phase 1 reverse circulation and diamond drilling at the Massan deposit within its Kada Gold Project in Guinea, including broad high-grade intercepts in the northeast extension, such as ...
Asara Resources Plans Major Share Issue to Raise Equity Capital
May 8, 2026
Asara Resources Limited has lodged an Appendix 3B with the ASX outlining a proposed placement or other type of securities issue involving up to 480 million ordinary fully paid shares. The proposed issue, scheduled for 15 May 2026, is intended to b...
Asara Resources Secures A$60m to Accelerate Development of Kada Gold Project
May 8, 2026
Asara Resources has secured firm commitments for a A$60 million institutional placement at A$0.125 per share to accelerate exploration and development at its Kada Gold Project in Guinea. The raise, supported by new and existing tier-one internatio...
Asara Resources Halts ASX Trading Ahead of Capital Raising Announcement
May 5, 2026
Asara Resources Limited has requested and been granted a trading halt on its ordinary shares on the ASX, with the halt effective from 6 May 2026. The halt will remain in place until either the release of an announcement on a capital raising or the...
Asara Resources Appoints New Director with Significant Equity-Based Incentives
May 4, 2026
Asara Resources Limited has appointed Matthew Sharples as a director effective 1 May 2026, and lodged an initial director’s interest notice with the ASX detailing his equity holdings. Sharples holds 3,500,000 fully paid ordinary shares and 2...
Asara Resources hits outstanding high-grade gold in Massan extension drilling at Kada
May 3, 2026
Asara Resources has reported strong new drilling results from the Massan deposit at its Kada Gold Project in Guinea, covering 14 Phase 1 RC and diamond holes and 35 Phase 2 air core and RC holes. The programs are designed to extend the Massan depo...
Asara Resources Elevates CEO Matthew Sharples to Managing Director as Kada Exploration Accelerates
Apr 30, 2026
West African gold explorer Asara Resources Limited has appointed its Chief Executive Officer, Matthew Sharples, to the Board as Managing Director and CEO, effective 1 May 2026. The board highlighted Sharples’ role in restarting and advancing...
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.