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Black Dragon Gold Corp. Shs Chess Depository Interests Repr 1 Sh (AU:BDG)
:BDG

Black Dragon Gold Corp. Shs Chess Depository Interests Repr 1 Sh (BDG) AI Stock Analysis

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AU

Black Dragon Gold Corp. Shs Chess Depository Interests Repr 1 Sh

(OTC:BDG)

Rating:23Underperform
Price Target:
Black Dragon Gold Corp.'s overall score is severely impacted by its poor financial performance, characterized by no revenue generation and consistent operational losses. The technical analysis offers little optimism, with indicators largely pointing to a bearish or neutral trend. Valuation remains unattractive due to negative earnings and the absence of dividends. Without earnings call data or significant corporate events to consider, the company's immediate outlook appears challenging.

Black Dragon Gold Corp. Shs Chess Depository Interests Repr 1 Sh (BDG) vs. iShares MSCI Australia ETF (EWA)

Black Dragon Gold Corp. Shs Chess Depository Interests Repr 1 Sh Business Overview & Revenue Model

Company DescriptionBlack Dragon Gold Corp. operates as a junior mining company. It owns a 100% interest in the Salave gold project that comprises five mining concessions covering 662 hectares and an investigative permit covering 2765 hectares located in Asturias, Spain; and the Padbury Gold project and Ivan Well project consisting of 481 square kilometers located in Western Australia. The company was formerly known as Astur Gold Corp. and changed its name to Black Dragon Gold Corp. in October 2016. The company was incorporated in 2007 and is headquartered in Cheltenham, the United Kingdom.
How the Company Makes MoneyBlack Dragon Gold Corp. generates revenue through the exploration and potential extraction of gold from its mining projects. The company's primary revenue stream is expected to come from the sale of gold produced from its Salave Gold Project. This involves several stages, including exploration, development, and ultimately production and sale of gold. The company may also engage in partnerships or joint ventures with other mining firms to enhance operational capabilities and share the financial burden of developing its projects. Additionally, Black Dragon Gold Corp. may raise funds through equity financing, such as issuing shares to investors, to support its exploration and development activities.

Black Dragon Gold Corp. Shs Chess Depository Interests Repr 1 Sh Financial Statement Overview

Summary
Black Dragon Gold Corp. is facing severe financial challenges, with no revenue generation and consistent losses across its operations. The absence of debt is a positive aspect, but negative equity and cash flow issues present significant risks. Immediate strategic changes are needed to improve financial health and ensure sustainability.
Income Statement
10
Very Negative
The company has not generated any revenue over the past years, which is a significant drawback. EBIT and net income are consistently negative, indicating ongoing operational losses and struggles with profitability. The lack of revenue growth and persistent losses underscore financial instability.
Balance Sheet
15
Very Negative
The balance sheet shows negative stockholders' equity in recent years, suggesting financial distress and risk. However, the company has no debt, which eliminates leverage risks. The high liabilities compared to assets further weaken the financial position, indicating potential solvency issues.
Cash Flow
20
Very Negative
The company exhibits negative operating and free cash flows, signaling cash outflows from operations. Despite the negative cash flow trends, the firm has managed to maintain some cash reserves, likely due to financing activities. Nonetheless, the cash flow situation is precarious and requires improvement.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue0.000.000.000.000.00
Gross Profit0.000.000.000.000.00
EBITDA0.000.000.000.000.00
Net Income-4.03M-1.50M-1.10M-1.82M-1.18M
Balance Sheet
Total Assets1.51M537.59K1.97M2.12M2.15M
Cash, Cash Equivalents and Short-Term Investments1.44M464.26K1.78M2.01M2.10M
Total Debt0.000.000.000.000.00
Total Liabilities3.88M121.73K306.37K401.17K336.00K
Stockholders Equity-2.37M415.86K1.67M1.72M1.81M
Cash Flow
Free Cash Flow-964.00K-1.27M-1.68M-1.66M-1.01M
Operating Cash Flow-964.00K-1.27M-1.68M-1.66M-1.01M
Investing Cash Flow6.37K4.93K1.60K63.000.00
Financing Cash Flow1.97M0.001.44M1.57M1.35M

Black Dragon Gold Corp. Shs Chess Depository Interests Repr 1 Sh Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.04
Price Trends
50DMA
0.05
Negative
100DMA
0.05
Negative
200DMA
0.05
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
38.94
Neutral
STOCH
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BDG, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.94 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BDG.

Black Dragon Gold Corp. Shs Chess Depository Interests Repr 1 Sh Peers Comparison

Overall Rating
UnderperformOutperform
Sector (53)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
53
Neutral
$1.19B3.25-0.13%7.83%-1.86%-126.37%
AUKTA
43
Neutral
AU$7.89M-103.26%-100.00%44.94%
AURGL
39
Underperform
AU$6.73M-78.26%67.57%
AUM2M
34
Underperform
AU$6.42M-9.77%67.72%
AUMBK
34
Underperform
AU$5.97M-6.68%60.29%
AUNES
30
Underperform
AU$5.43M-114.81%-110.53%
AUBDG
23
Underperform
AU$5.97M
-87.95%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:BDG
Black Dragon Gold Corp. Shs Chess Depository Interests Repr 1 Sh
0.04
0.02
100.00%
AU:MBK
Metal Bank Limited
0.01
-0.01
-50.00%
AU:RGL
Riversgold Ltd.
AU:KTA
Krakatoa Resources Ltd.
0.01
0.00
0.00%
AU:M2M
Mt Malcolm Mines NL
0.02
>-0.01
-33.33%
AU:NES
Nelson Resources Ltd.

Black Dragon Gold Corp. Shs Chess Depository Interests Repr 1 Sh Corporate Events

Black Dragon Gold Corp. Advances Salave Project with New Scoping Study and Strategic Initiatives
Apr 28, 2025

Black Dragon Gold Corp. has announced a new Scoping Study for its Salave Gold Project in northern Spain, revealing improved financial and production metrics. The study indicates a significant expansion in mineral resources and promising economic returns, with a projected after-tax NPV of US$506 million and an IRR of 34%. The company is also seeking to have the project recognized as a Strategic Investment Project by the Asturias Government, which could enhance local economic and social benefits. Additionally, Black Dragon has appointed a new Non-Executive Director, Heidy Arocha, and participated in major industry events, strengthening its corporate governance and industry presence.

Black Dragon Gold Corp. Relocates Principal Office to West Perth
Apr 17, 2025

Black Dragon Gold Corp. has announced a change in its principal place of business to a new location in West Perth, effective 17 April 2025. This move is part of the company’s ongoing efforts to streamline its operations and potentially enhance its strategic positioning within the exploration industry. The relocation may have implications for stakeholders as the company continues to focus on its key projects, including the Salave Gold Project in Spain and exploration opportunities in Australia.

Black Dragon Gold’s Salave Project Shows Improved Economics in Updated Study
Mar 31, 2025

Black Dragon Gold Corp. has announced the results of an updated Scoping Study for its Salave Gold Project, revealing significantly improved economics. The study indicates a 50% increase in mineral resources and forecasts an after-tax NPV of $506 million with an IRR of 34% at a conservative gold price. The project is expected to generate substantial economic and social benefits for the Asturias region, and the company plans further studies to advance the project. However, the study is preliminary, and further exploration and funding are required to ensure the project’s viability.

Black Dragon Gold Responds to ASX Price Query with Updated Scoping Study
Mar 31, 2025

Black Dragon Gold Corp. has addressed an ASX Price Query by announcing the finalization of an updated Scoping Study for its Salave Gold Project. The company had previously requested a trading halt to ensure a fully informed market, and the study was released to the ASX to clarify recent trading activity in its securities. The announcement was made in compliance with ASX Listing Rules and has been authorized by the company’s board.

Black Dragon Gold Corp. to Resume Trading After Key Announcement
Mar 31, 2025

Black Dragon Gold Corp. has announced that the suspension of its securities trading will be lifted following the release of a scoping study and its response to an ASX Price Query Letter. This development is expected to positively impact the company’s operations by resuming trading activities, potentially enhancing its market presence and reassuring stakeholders of its ongoing strategic initiatives.

Black Dragon Gold Corp Requests Voluntary Suspension from ASX
Mar 27, 2025

Black Dragon Gold Corp has requested a voluntary suspension of its securities from the Australian Securities Exchange (ASX) pending the release of an updated Scoping Study for its Salave Gold Project and a response to a price query from ASX. This suspension will remain in effect until the company releases the necessary announcement or until trading resumes on March 31, 2025. The suspension is a strategic move to ensure all stakeholders are informed adequately and to address market queries, potentially impacting the company’s market positioning and stakeholder confidence.

Black Dragon Gold Corp. Announces Director’s Interest Change
Mar 18, 2025

Black Dragon Gold Corp. announced a change in the director’s interest, specifically regarding Gabriel Chiappini. The change involved the disposal of 5,500,000 performance rights, while maintaining the same number of CDIs and adjusting the unlisted options held. This off-market transaction reflects a shift in the director’s indirect holdings, potentially impacting the company’s governance and stakeholder interests.

Black Dragon Gold Corp. Announces Cessation of 5 Million Performance Rights
Mar 18, 2025

Black Dragon Gold Corp. has announced the cessation of 5,000,000 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation may impact the company’s capital structure and could have implications for stakeholders regarding the company’s ability to meet certain performance targets.

Black Dragon Gold Corp. Upholds Corporate Governance Standards
Mar 18, 2025

Black Dragon Gold Corp. has reaffirmed its commitment to high standards of corporate governance, aligning largely with the ASX Corporate Governance Council’s Principles and Recommendations. The company has implemented a formal board charter detailing the roles and responsibilities of the board and management, ensuring the strategic direction, risk management, and integrity of corporate reporting are well-managed to enhance shareholder and stakeholder interests.

Black Dragon Gold Releases Updated Corporate Governance Statement
Mar 18, 2025

Black Dragon Gold Corporation has released its corporate governance statement for the financial year ending December 31, 2024, which is now available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, detailing the roles and responsibilities of the board and management, the process for appointing directors, and the accountability of the company secretary. This release underscores Black Dragon Gold’s commitment to transparency and structured governance, which is crucial for maintaining investor confidence and ensuring effective oversight within the company.

Black Dragon Gold Advances Salave Project Amidst Regulatory Hurdles
Mar 17, 2025

Black Dragon Gold Corp. has made significant progress in advancing the Salave Gold Project in Asturias, Spain, throughout 2024. The company has been actively engaging with local government and stakeholders to secure environmental impact assessment approvals and land re-zoning necessary for the project’s development. Despite facing challenges such as the rejection of a land re-zoning application by the Tapia de Casariego Town Council, which is being legally contested, the company remains committed to its strategic goals. Black Dragon has also applied for strategic status under a new regional law to expedite project approvals and has extended its Sallave Investigation Permit, allowing further exploration and drilling activities. These efforts are crucial for the project’s advancement and have implications for the company’s positioning in the gold mining industry.

Black Dragon Gold Corp. Releases 2024 Annual Report
Mar 17, 2025

Black Dragon Gold Corp. has released its annual report for the year ended December 31, 2024. The report includes various sections such as the Directors’ Report, Chairman’s Letter, and highlights of the year 2024, as well as audited consolidated financial statements. This release provides stakeholders with a comprehensive overview of the company’s financial performance and governance practices over the past year, which is crucial for assessing its market position and future prospects.

Black Dragon Gold Unveils Salave Project Details in New Investor Presentation
Feb 18, 2025

Black Dragon Gold Corp. has released an investor presentation regarding their 100%-owned Salave Gold Project, which boasts over 1.5 million ounces of gold. The presentation highlights the company’s strategic efforts to advance this significant gold resource while cautioning investors about the speculative nature of their securities and the need for independent analysis. The project’s successful development could enhance Black Dragon Gold’s positioning in the gold mining sector and offer substantial value to stakeholders, though inherent risks and uncertainties remain.

Black Dragon Gold Seeks Strategic Status for Salave Project Amid Rezoning Appeal
Feb 9, 2025

Black Dragon Gold Corp. has submitted an application for the Salave Gold Project to be considered a Strategic Investment Project under the new PIER law in the Principality of Asturias, which aims to fast-track economically significant projects. The classification would help simplify administrative processes and support economic growth and job creation in the region. Additionally, the company has appealed a land rezoning decision that was rejected by the local council, seeking reconsideration from the High Court of Justice of Asturias.

Black Dragon Gold Issues New Shares, Ensures Compliance and Transparency
Feb 7, 2025

Black Dragon Gold has issued 750,000 shares as Chess Depositary Interests at $0.03 per share, following the conversion of unlisted options. The company confirms compliance with relevant provisions of the Corporations Act and indicates no undisclosed information that would impact investor assessments, highlighting transparency in its operations.

Black Dragon Gold Corp. Lists New Securities on ASX
Feb 7, 2025

Black Dragon Gold Corp. announced the quotation of 750,000 CHESS Depositary Interests on the ASX, effective February 6, 2025. This development signifies a strategic step in enhancing the company’s financial instruments, potentially impacting its market positioning and offering new opportunities for stakeholders.

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: Apr 25, 2025