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Ballymore Resources Limited (AU:BMR)
:BMR
Australian Market

Ballymore Resources Limited (BMR) AI Stock Analysis

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AU

Ballymore Resources Limited

(Sydney:BMR)

Rating:38Underperform
Price Target:
Ballymore Resources Limited receives a low overall stock score due to significant financial challenges, including lack of revenue, persistent losses, and high leverage. While technical indicators show some short-term support, the overall trend remains downward. The company's negative P/E ratio and absence of dividends further detract from its valuation appeal. The stock's financial health is a major concern, leading to a cautious outlook.

Ballymore Resources Limited (BMR) vs. iShares MSCI Australia ETF (EWA)

Ballymore Resources Limited Business Overview & Revenue Model

Company DescriptionBallymore Resources Limited (BMR) is a mineral exploration and development company focused on discovering and developing significant mineral resources. The company operates primarily in the mining sector, specializing in the exploration of precious and base metals including gold, copper, and other mineral deposits. BMR is committed to sustainable and responsible mining practices, leveraging advanced technology and experienced personnel to maximize the potential of its exploration projects.
How the Company Makes MoneyBallymore Resources Limited generates revenue primarily through the discovery and development of mineral resources, which are then either sold directly, used in joint ventures, or developed further into mining operations. The company engages in exploration activities to identify and evaluate mineral deposits. Once viable resources are confirmed, Ballymore can either sell the rights to these deposits to larger mining companies, enter into joint venture agreements to share the development costs and profits, or proceed with the development and extraction of minerals themselves, which are then sold in the market. Strategic partnerships with other mining firms and investment in advanced exploration technology are key factors that contribute to Ballymore's revenue generation. Additionally, fluctuations in global commodity prices can significantly impact the company's earnings.

Ballymore Resources Limited Financial Statement Overview

Summary
Ballymore Resources Limited faces significant financial challenges, characterized by a lack of revenue, persistent losses, and a reliance on external financing. The balance sheet, while showing a moderate equity cushion, is overshadowed by high leverage. The cash flow situation is concerning, with negative free cash flow indicating potential liquidity issues. These factors suggest a cautious outlook for the company's financial health.
Income Statement
15
Very Negative
Ballymore Resources Limited shows a consistent lack of revenue generation, with zero total revenue reported in recent periods. The company has been incurring significant net losses, reflected by negative EBIT and EBITDA. These factors indicate a challenging operational environment and weak profitability, which significantly undermines the income statement's strength.
Balance Sheet
40
Negative
The balance sheet reflects a moderate equity base, with stockholders' equity surpassing total liabilities, resulting in a reasonable equity ratio. However, the company is highly leveraged with a substantial debt load compared to equity. The absence of revenue and consistent losses further stress the financial stability, posing potential risks.
Cash Flow
20
Very Negative
Cash flow analysis reveals a negative free cash flow trend, indicating more cash outflows than inflows, primarily due to significant capital expenditures. The company has relied heavily on financing activities to maintain liquidity, highlighting concerns over sustainable cash flow generation from operations.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue0.000.000.000.0028.00K0.00
Gross Profit0.00-56.70K-49.90K-49.03K2.81K0.00
EBITDA-1.82M-1.71M-853.61K-684.67K-543.48K-62.64K
Net Income-2.72M-1.90M-878.02K-733.70K-568.67K-313.19K
Balance Sheet
Total Assets22.80M23.61M13.19M10.37M4.72M804.41K
Cash, Cash Equivalents and Short-Term Investments4.15M7.94M1.47M2.54M224.13K411.36K
Total Debt8.63M7.83M56.56K0.000.000.00
Total Liabilities9.06M8.60M467.83K370.74K1.01M181.20K
Stockholders Equity13.74M15.02M12.72M10.00M3.71M623.21K
Cash Flow
Free Cash Flow-4.58M-4.53M-4.26M-3.67M-319.51K
Operating Cash Flow-1.02M-658.75K-667.52K-285.53K-119.29K
Investing Cash Flow-3.55M-3.87M-3.60M-3.38M-200.22K
Financing Cash Flow0.0011.04M3.47M6.58M3.48M730.87K

Ballymore Resources Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.15
Price Trends
50DMA
0.16
Positive
100DMA
0.14
Positive
200DMA
0.14
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
50.10
Neutral
STOCH
13.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BMR, the sentiment is Positive. The current price of 0.15 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.16, and above the 200-day MA of 0.14, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 50.10 is Neutral, neither overbought nor oversold. The STOCH value of 13.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BMR.

Ballymore Resources Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (43)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUDEV
47
Neutral
AU$34.01M-56.94%-17.74%
AUKRR
45
Neutral
AU$10.37M5.2413.11%61.54%
43
Neutral
AU$1.40B-6.18-40.62%4.19%-4.78%-42.91%
AUBSX
40
Underperform
AU$107.67M-51.66%59.92%
AUBMR
38
Underperform
AU$26.51M-18.47%-175.00%
AUARV
32
Underperform
$15.21M-53.93%-1133.33%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:BMR
Ballymore Resources Limited
0.15
-0.01
-6.25%
AU:KRR
King River Resources Limited
0.01
>-0.01
-15.38%
AU:DEV
DevEx Resources Ltd
0.08
-0.23
-74.75%
AU:ARV
Artemis Resources
0.01
>-0.01
-23.08%
AU:BSX
Blackstone Minerals Ltd
0.08
0.04
100.00%

Ballymore Resources Limited Corporate Events

Ballymore Resources Advances Dittmer Project with Positive Drilling Results
Apr 29, 2025

Ballymore Resources Limited has reported promising results from its Stage 5 drilling campaign at the Dittmer Project, with all eight holes intersecting the Duffer Lode extension. The company is considering future processing options for the ore, amid high gold prices, which could lead to the development of a low CAPEX high-grade gold mine. The ongoing exploration and positive assay results enhance the company’s confidence in its geological model and exploration strategy, potentially impacting its market positioning and stakeholder interests.

Ballymore Resources Announces Change in Substantial Shareholding
Mar 14, 2025

Ballymore Resources Limited has reported a change in the substantial holding of its shares. Regal Funds Management Pty Limited and its associates have adjusted their voting power from 8.21% to 7.14%, indicating a sell-off of shares. This change in shareholding may impact Ballymore Resources Limited’s market dynamics and investor relations as it reflects a shift in stakeholder confidence or strategy.

Ballymore Resources Sees Shift in Substantial Shareholding
Mar 13, 2025

Ballymore Resources Limited has announced changes in the substantial holding of its shares, with Regal Funds Management Pty Limited and its associates adjusting their voting power. The changes reflect a decrease in voting power from 10.88% to 8.21%, indicating a significant sell-off of shares by the substantial holder, which could impact the company’s market perception and influence its stock price.

Ballymore Resources Limited Releases Half-Year Financial Report
Mar 13, 2025

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

Ballymore Resources Launches Stage 5 Drilling at Dittmer Gold Project
Mar 3, 2025

Ballymore Resources has initiated a Stage 5 diamond drilling campaign at its Dittmer Gold Project, aiming to build on previous successes and potentially restart mining operations. The project, which has a history of high-grade gold production, is expected to benefit from current high gold prices, potentially delivering significant value to shareholders. The drilling program will focus on infill and step-out drilling to support preliminary mineral resource estimates and mining scoping studies, with all previous drilling efforts successfully intersecting gold mineralization.

Ballymore Resources Sees Shift in Substantial Holdings
Feb 13, 2025

Ballymore Resources Limited has undergone a significant change in its substantial holder interests, as Regal Funds Management Pty Limited and its associates have adjusted their voting power and holdings in the company. The update reflects a decrease in their voting power from 12.04% to 10.88%, impacting Ballymore Resources’ shareholder structure and potentially influencing future corporate decisions.

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: May 02, 2025