Bindi Metals Ltd. (AU:BIM)
ASX:BIM
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Bindi Metals Ltd.
(Sydney:BIM)
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Rating:47Neutral
Price Target:
AU$0.09
▼(-6.00% Downside)
Action:Reiterated
Date:04/29/26
The score is primarily held back by weak financial performance—persistent losses and ongoing cash burn despite a sharp revenue increase. Technicals add some support due to positive momentum and price strength above moving averages, but overbought signals limit the boost. Valuation remains challenged because negative earnings make the P/E difficult to use and there is no dividend yield data.
Positive Factors
Balance sheet strength
A debt-free balance sheet with positive equity materially reduces solvency risk and gives the company flexibility to raise capital or withstand shocks without immediate default risk. This structural solidity supports longer-term funding options and strategic choices as the business scales.
Negative Factors
Persistent cash burn
Consistently negative operating and free cash flows mean the business cannot self-fund operations or investment. Over a multi-month horizon this necessitates external financing, raising dilution or refinancing risk and limiting the firm’s ability to invest in growth or withstand revenue setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
A debt-free balance sheet with positive equity materially reduces solvency risk and gives the company flexibility to raise capital or withstand shocks without immediate default risk. This structural solidity supports longer-term funding options and strategic choices as the business scales.
Read all positive factors
Bindi Metals Ltd. (BIM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$8.75M
Dividend YieldN/A
Average Volume (3M)132.29K
Price to Earnings (P/E)―
Beta (1Y)-0.07
Revenue GrowthN/A
EPS Growth52.12%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding92,094,230
10 Day Avg. Volume298,473
30 Day Avg. Volume132,293
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)1.68
Price to Sales (P/S)97.90
P/FCF Ratio-3.85
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
Bindi Metals Ltd. Business Overview & Revenue Model
Company Description
Founded in 2021 and headquartered in Perth, Australia, Bindi Metals Limited is dedicated to discovering and advancing mineral assets. The company's primary focus lies in the exploration of valuable copper, gold, and silver deposits. Its operationa...
Bindi Metals Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
63
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 43.49K | 44.54K | 1.80K | 0.00 | 0.00 |
| Gross Profit | 0.00 | 44.54K | 1.80K | -1.87K | 0.00 |
| EBITDA | -1.21M | -1.06M | -1.29M | -2.12M | -805.61K |
| Net Income | -1.18M | -1.06M | -1.27M | -2.07M | -805.61K |
Balance Sheet | |||||
| Total Assets | 4.72M | 2.64M | 1.64M | 2.97M | 5.29M |
| Cash, Cash Equivalents and Short-Term Investments | 3.45M | 1.56M | 813.23K | 2.31M | 4.74M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 138.04K | 36.38K | 82.66K | 417.36K | 687.59K |
| Stockholders Equity | 4.58M | 2.60M | 1.56M | 2.55M | 4.60M |
Cash Flow | |||||
| Free Cash Flow | -761.83K | -1.13M | -1.47M | -2.44M | -526.71K |
| Operating Cash Flow | -761.82K | -931.20K | -1.42M | -2.37M | -311.55K |
| Investing Cash Flow | -47.61K | -200.00K | -73.69K | -67.85K | -215.16K |
| Financing Cash Flow | 2.39M | 1.88M | 0.00 | 0.00 | 5.27M |
Bindi Metals Ltd. Technical Analysis
Negative
0.10
Price Trends
0.12
Negative
0.11
Negative
0.11
Negative
Market Momentum
>-0.01
Negative
16.27
Positive
108.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BIM, the sentiment is Negative. The current price of 0.1 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.12, and below the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 16.27 is Positive, neither overbought nor oversold. The STOCH value of 108.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BIM.
Bindi Metals Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$8.12M | -12.79 | -11.29% | ― | ― | 85.50% | |
49 Neutral | AU$12.22M | -1.66 | -104.33% | ― | ― | -123.57% | |
47 Neutral | AU$8.75M | -5.62 | -32.93% | ― | ― | 52.12% | |
46 Neutral | AU$5.52M | -0.48 | -72.25% | ― | ― | 78.01% | |
43 Neutral | AU$10.51M | 14.29 | -23.96% | ― | ― | 93.92% | |
40 Underperform | AU$6.00M | -1.22 | -115.58% | ― | ― | 48.33% |
* Basic Materials Sector Average
AU:BIM
Bindi Metals Ltd.
0.10
0.02
23.38%
AU:AS2
Askari Metals Limited
0.01
0.00
0.00%
AU:KFM
Kingfisher Mining Ltd.
0.08
0.04
95.00%
AU:MOH
Moho Resources Ltd.
0.01
0.00
0.00%
AU:SMX
Nickelx Ltd
0.02
<0.01
25.00%
AU:DUN
Dundas Minerals Limited
0.05
0.03
205.88%
Bindi Metals Ltd. Corporate Events
Bindi Metals Finds Broad Alteration and Sulphides in Serbian Gold Drilling
Jun 3, 2026
Bindi Metals has reported early geological results from its maiden drilling program at the Drenjak prospect within the Ravni Project in Serbia. The work targets high-grade surface gold mineralisation and induced polarisation anomalies, with drilli...
Bindi Metals Launches Maiden Drilling at Serbia’s Ravni Gold Project
May 11, 2026
Bindi Metals has commenced its maiden diamond drilling program at the Ravni Gold Project in Serbia, marking the first modern, systematic drill testing across the Drenjak and Rujak prospects. The 2,000-metre campaign will initially target high-grad...
Bindi Metals Issues New Tranches of Long-Dated Unlisted Options
May 5, 2026
Bindi Metals Ltd., listed on the ASX under code BIM, operates in the metals and mining sector with a focus on exploration and development activities that are typically funded through equity instruments. The company employs unquoted options as part...
Bindi Metals Issues 3 Million Unlisted Options in New Equity Classes
May 5, 2026
Bindi Metals Ltd. has issued a total of 3,000,000 unquoted options, split evenly between two new classes of unlisted securities with different exercise prices and the same expiry date of July 31, 2030. The options, exercisable at $0.15 and $0.20 r...
Bindi Metals Tightens Governance With Expanded Securities Trading Policy
May 1, 2026
Bindi Metals Ltd has adopted a detailed securities trading policy governing how directors, senior executives, and other nominated personnel may buy and sell the company’s securities. The policy applies not only to key management but also to ...
Bindi Metals Overhauls Governance Framework to Align with ASX Best Practice
May 1, 2026
Bindi Metals Ltd., an exploration-focused resources company active in tier-one mining jurisdictions, is advancing projects such as the Ravni polymetallic and gold project in Serbia’s Kopaonik Metallogenic Zone. The company leverages data-dri...
Bindi Metals Maps 2km of IP Anomalies Ahead of Ravni Drilling
Apr 30, 2026
Bindi Metals has completed modelling of an induced polarisation survey at its Ravni gold project in south-western Serbia, identifying strong chargeability and resistivity anomalies that align with known high-grade surface mineralisation at the Dre...
Bindi Metals Plans Issue of 8 Million Long-Dated Unlisted Options
Apr 30, 2026
Bindi Metals Ltd. has outlined a proposed issue of securities, detailing plans to issue up to 8 million unlisted options as part of a placement or similar capital-related transaction. The options are split evenly between tranches exercisable at $0...
Bindi Metals Plans Long-Dated Unlisted Option Issue to Boost Capital Flexibility
Apr 30, 2026
Bindi Metals Ltd. has announced a proposed issue of unlisted options as part of a new capital initiative, with a total of 3 million options to be issued across two tranches. The options carry exercise prices of $0.15 and $0.20 respectively and are...
Bindi Metals to Issue New Unlisted Options in Dual-Tranche Placement
Apr 30, 2026
Bindi Metals Ltd. has announced a proposed issue of unlisted options as part of a placement or similar capital-raising structure. The company plans to issue up to 2,345,000 unlisted options exercisable at $0.15 and 2,345,000 unlisted options exerc...
Bindi Metals Launches Option Incentive Plan Tied to Ravni Project Milestones
Apr 30, 2026
Bindi Metals Limited has approved an equity-based option incentive plan for executives, directors and key in-country personnel, designed to align compensation with the successful execution of the Ravni Project and long-term shareholder value creat...
Bindi Metals Confirms Bonanza-Grade Gold at Serbian Ravni Project
Apr 30, 2026
Bindi Metals reported strong exploration progress at its Ravni Gold Project in Serbia for the March 2026 quarter, confirming bonanza-grade gold mineralisation at the Drenjak prospect and high-grade rock chip results up to 87.2 g/t gold. The compan...
Bindi Metals Secures Land Access and Sets May Start for Maiden Drilling at Serbian Gold Project
Apr 28, 2026
Bindi Metals Ltd. has secured primary land access across priority drilling locations at its Ravni gold project in Serbia, clearing a major hurdle to begin fieldwork. Agreements with local landowners and the state forestry authority grant full righ...
Bindi Metals Confirms Large-Scale Epithermal Gold System at Ravni in Serbia
Apr 14, 2026
Bindi Metals has reported extensive high-grade gold mineralisation across a three-kilometre corridor at its Ravni Project in south-western Serbia, confirming the presence of a large-scale epithermal system. The company’s latest results highl...
Bindi Metals Issues 2.5 Million Unquoted Performance Rights Under Incentive Plan
Apr 2, 2026
Bindi Metals Ltd. has notified the market of the issue of 2,500,000 unquoted performance rights under an employee incentive scheme, with an expiry date of 1 April 2028. The rights, which will not be quoted on the ASX, form part of the company̵...
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.