BMG Resources Limited (BMG) AI Stock Analysis

• Market Cap: AU$8.02M
• Dividend Yield: N/A
• Average Volume (3M): 2.60M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.32
• Revenue Growth: N/A
• EPS Growth: -92.86%
• Country: AU
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 844,397,160
• 10 Day Avg. Volume: 1,049,843
• 30 Day Avg. Volume: 2,599,139
• PEG Ratio: -0.56
• Price to Book (P/B): 0.45
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.11
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 33 Underperform
• Price Target: ―

BMG Resources Limited struggles with a lack of revenue generation, ongoing operational losses, and significant cash flow challenges. While the balance sheet shows no debt, the bearish technical indicators and negative valuation metrics offer limited upside. The company requires strategic changes to improve its financial and operating performance.

BMG Resources Limited Business Overview & Revenue Model

Company Description

BMG Resources Limited, a mineral exploration company, engages in the exploration and development of mineral resource projects in the Republic of Cyprus and Australia. The company primarily explores for copper, nickel, zinc, cobalt, gold, silver, and lithium deposits. It holds 100% interests in the Abercromby gold project located in the Wiluna Gold District, Western Australia; the Invincible project located in Central Pilbara Gold District; and the South Boddington project situated in south-east of Perth. The company also holds interest in the Treasure project located in the Troodos Mountains of the Republic of Cyprus. BMG Resources Limited is based in Perth, Australia.

How the Company Makes Money

BMG Resources Limited generates revenue primarily through the exploration and development of mineral resources, which are typically sold to mining companies or investors. The company's key revenue streams include the sale of mineral rights, joint venture agreements, and potential future production from owned or partnered projects. Significant partnerships with other exploration and mining firms can contribute to its earnings by sharing exploration costs and leveraging partner expertise. Additionally, BMG may secure funding through equity placements or other financial instruments to support its exploration activities.

BMG Resources Limited Financial Statement Overview

Summary

BMG Resources Limited faces significant financial challenges with no revenue generation and consistent losses. While the balance sheet shows a strong equity base with no debt, the negative cash flow from operations and lack of revenue growth are concerning. The company needs to focus on increasing revenues and improving operational efficiency to enhance its financial health.

Income Statement

BMG Resources Limited has reported zero revenue over the past several years, indicating a lack of operational income generation. This results in negative gross profit and net income margins, and a consistent net loss suggests ongoing operational challenges. The absence of revenue growth highlights concerns about the company's ability to improve its financial performance.

Balance Sheet

The company maintains a solid equity position with zero debt, reflected in a debt-to-equity ratio of 0, suggesting no financial leverage risks. However, the declining total assets and stockholders' equity over time suggest potential issues with asset management and business growth. The equity ratio remains robust, indicating substantial equity financing.

Cash Flow

BMG Resources Limited shows negative operating and free cash flows, indicating cash burn and potential liquidity issues. The company is not generating sufficient cash from its core operations, with financing activities as the main cash source. The lack of free cash flow growth further underscores the need for operational improvements.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-1.25K	-1.65K	-790.00	-1.07K	-681.00	-681.00
	EBIT
-1.44M	-1.62M	-2.51M	-1.30M	-1.02M	-893.64K
	EBITDA
-7.07M	-7.19M	-2.73M	-1.29M	-1.11M	-2.18M
	Net Income Common Stockholders
-7.07M	-7.19M	-2.73M	-1.29M	-1.09M	-2.18M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.18M	474.70K	2.07M	3.07M	889.25K	273.39K
	Total Assets
16.23M	15.07M	21.27M	19.99M	14.38M	292.94K
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-1.18M	-474.70K	-2.07M	-2.89M	-889.25K	-273.39K
	Total Liabilities
356.86K	171.69K	252.50K	426.99K	198.60K	157.48K
	Stockholders Equity
15.87M	14.90M	21.01M	19.57M	14.18M	135.46K
Cash Flow		Free Cash Flow
-1.64M	-2.08M	-3.56M	-3.91M	-2.47M	-1.78M
	Operating Cash Flow
-1.31M	-1.29M	-1.20M	-703.50K	-837.93K	-680.13K
	Investing Cash Flow
-333.78K	-789.13K	-2.18M	-3.21M	-1.63M	-1.10M
	Financing Cash Flow
1.87M	478.88K	2.56M	6.09M	3.08M	478.43K

BMG Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	50 Neutral	$1.98B	-1.07	-21.34%	3.71%	2.03%	-30.65%
BMG	33 Underperform	AU$8.02M	―	-38.84%	―	―	-92.86%
NESRF		$17.12B	22.11	11.01%	2.68%	―	―
RMLRF		$1.88B	8.74	26.42%	3.00%	―	―
GMD	72 Outperform	AU$4.96B	38.64	13.01%	―	125.45%	―

BMG Resources Limited Corporate Events

BMG Resources Advances Gold Exploration with Promising Drilling Results

BMG Resources Limited has announced significant progress in its gold exploration projects. The company is expanding its drilling program at the Abercromby Gold Project to enhance its existing mineral resource estimate and is conducting a scoping study for a potential low-capex mining scenario. Additionally, BMG’s Bullabulling Project, adjacent to a newly acquired multi-million ounce gold mine, has shown promising near-surface high-grade gold findings, with further drilling planned. The Invincible Gold Project, located near the Warrawoona Gold Mine, covers a significant shear zone with historical high-grade gold mining, indicating substantial exploration potential.

BMG Resources Accelerates Exploration Amidst Record Gold Prices

BMG Resources Limited is accelerating its exploration efforts at the Bullabulling and Invincible Gold Projects in Western Australia, driven by record gold prices and recent acquisitions by major mining investors. The company plans a 3,000-meter drill program at Bullabulling and prioritizes drilling at Invincible, aiming to capitalize on high-grade gold findings and the strategic location of its projects adjacent to major gold mines.

BMG Resources Limited Releases Interim Financial Report for H2 2024

BMG Resources Limited has released its consolidated interim financial report for the half-year ending December 31, 2024. The report includes key financial statements such as the profit or loss, financial position, changes in equity, and cash flows, providing stakeholders with insights into the company’s financial health and operational performance over the past six months.

BMG Resources Advances Abercromby Gold Drilling to Expand Mineral Resource

BMG Resources Limited has announced the advancement of its Phase 2 drilling program at the Abercromby Gold Project, following the completion of Phase 1 drilling. The company aims to expand its existing 518,000oz gold mineral resource estimate (MRE) and convert inferred resources to the indicated category. Although some delays occurred during the Christmas/New Year period, BMG has expedited processing to ensure timely assay results. The successful completion of these programs could significantly enhance the company’s resource footprint and potentially impact its market positioning.

BMG Resources Initiates Trading Halt Ahead of Key Announcement

BMG Resources Limited has requested a trading halt on its securities to ensure an orderly market as it prepares to release new exploration results from its Abercromby project. This halt is expected to last until the announcement is made or normal trading resumes, highlighting the importance of the forthcoming update for stakeholders.

BMG Resources Clarifies Trading Activity Amidst Gold Sector Optimism

BMG Resources Limited addressed an ASX price query, stating no undisclosed information could explain recent trading activity, attributing it to positive sentiment in the gold sector. The company also provided updates on its Abercromby Gold Project, mentioning delays in sample submissions for assay analysis and emphasizing strict confidentiality and security protocols for its assay results.