Bulletin Resources Limited (BNR) AI Stock Analysis

• Market Cap: €16.44M
• Dividend Yield: N/A
• Average Volume (3M): 111.50K
• Price to Earnings (P/E): 186.7
• Beta (1Y): -0.88
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: 5
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Gold
• EPS (TTM): 0.00
• Shares Outstanding: 293,613,300
• 10 Day Avg. Volume: 96,622
• 30 Day Avg. Volume: 111,498
• PEG Ratio: 6.10
• Price to Book (P/B): 1.61
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 13.58
• 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: 49 Neutral
• Price Target: ―

Bulletin Resources Limited faces significant challenges in financial performance, particularly in generating revenue and positive cash flow, which heavily impacts its overall score. While its balance sheet is strong, operational inefficiencies and negative cash flow are concerning. Technical analysis suggests some short-term positive momentum, but the high P/E ratio signals overvaluation risks. The lack of earnings call or corporate event data limits further analysis.

Bulletin Resources Limited Business Overview & Revenue Model

Company Description

Bulletin Resources Limited (BNR) is an Australian-based mining and exploration company primarily focused on the development and exploitation of gold and other precious metal resources. The company operates in the mineral exploration sector and is involved in identifying, acquiring, and exploring mineral projects with the potential for economic development. BNR aims to enhance shareholder value through strategic exploration and project development activities.

How the Company Makes Money

Bulletin Resources Limited generates revenue primarily through the exploration and development of its mineral assets. The company's key revenue streams include the sale of extracted minerals, particularly gold, from its mining operations. Additionally, BNR may engage in joint ventures or partnerships with other mining companies to share the financial and operational risks associated with large-scale mining projects. These collaborations can also provide additional sources of revenue through shared production or royalties. The company's earnings are influenced by factors such as commodity prices, exploration success, and operational efficiency in its mining projects.

Bulletin Resources Limited Financial Statement Overview

Summary

Bulletin Resources Limited exhibits a mixed financial performance with strong balance sheet metrics but significant challenges in income and cash flow statements. The lack of revenue growth and profitability, coupled with negative cash flows, poses potential risks. While financial stability is maintained through high equity, operational improvements are needed to enhance profitability and cash generation.

Income Statement

Bulletin Resources Limited has faced challenges in maintaining consistent revenue growth, with a significant drop in revenue from 2023 to 2024. The gross profit margin remains healthy, but the company is experiencing negative EBIT and net income, indicating operational inefficiencies and an inability to generate profits. The negative net profit margin highlights a lack of profitability.

Balance Sheet

The company maintains a strong financial position with no debt, resulting in a favorable debt-to-equity ratio. The equity ratio is robust, reflecting a high proportion of equity financing. However, the return on equity is negative due to net losses, which affects the overall attractiveness of the company's financial health.

Cash Flow

Bulletin Resources Limited is experiencing negative free cash flow, indicating a lack of cash generation from operations. The operating cash flow to net income ratio is also negative, suggesting challenges in converting income into cash. The company needs to improve cash management to enhance financial stability.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	213.54K	211.30K	3.11M	357.83K	1.85M	361.28K
Gross Profit	213.54K	211.30K	3.10M	353.97K	1.85M	361.28K
EBITDA	-1.44M	-2.19M	185.86K	-1.43M	142.81K	168.78K
Net Income	87.58K	-647.20K	563.58K	462.69K	3.55M	-746.67K
Balance Sheet
Total Assets	12.79M	12.48M	12.76M	10.76M	6.54M	2.07M
Cash, Cash Equivalents and Short-Term Investments	11.23M	10.92M	11.17M	8.21M	3.68M	1.27M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	502.30K	525.01K	856.10K	344.78K	1.43M	513.43K
Stockholders Equity	12.29M	11.96M	11.90M	10.41M	5.11M	1.56M
Cash Flow
Free Cash Flow	-1.50M	-1.56M	1.41M	-1.90M	-146.16K	-1.16M
Operating Cash Flow	-1.50M	-1.56M	1.41M	-1.84M	-145.38K	-1.01M
Investing Cash Flow	950.99K	1.02M	43.86K	3.78M	-43.98K	39.81K
Financing Cash Flow	183.59K	2.22K	0.00	4.37M	0.00	0.00

Bulletin Resources Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BNR, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.07, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.36 is Neutral, neither overbought nor oversold. The STOCH value of 36.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BNR.

Bulletin Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GOR	76 Outperform	AU$3.55B	24.81	13.42%	0.92%	11.93%	22.74%
NST	75 Outperform	$26.17B	22.19	11.01%	2.73%	25.11%	28.88%
EVN	72 Outperform	$15.10B	21.84	16.97%	1.84%	60.56%	302.20%
RRL	64 Neutral	$3.32B	―	-0.38%	―	29.83%	93.23%
RSG	59 Neutral	$1.36B	41.67	-5.02%	―	27.79%	-144.05%
BNR	49 Neutral	€16.44M	186.67	0.73%	―	―	―
Sector *	43 Neutral	AU$1.38B	-6.10	-40.62%	4.17%	-4.78%	-42.91%

Bulletin Resources Limited Corporate Events

Bulletin Resources Director Acquires Additional Shares

Bulletin Resources Limited announced a change in the director’s interest, with Keith Muller acquiring 233,128 fully paid ordinary shares through an on-market trade. This transaction reflects a strategic move by the director, potentially signaling confidence in the company’s future prospects and impacting stakeholder perceptions positively.

Bulletin Resources Expands Gold Exploration and Awaits Lithium Project Approval

Bulletin Resources Limited has significantly expanded its Lake Rebecca Gold Project by acquiring an additional 509 square kilometers of gold-prospective exploration tenements, bringing the total to 1,100 square kilometers. This strategic acquisition enhances the company’s exploration potential with numerous new targets. The company is also awaiting a decision on a Native Vegetation Clearing Permit appeal for its Ravensthorpe Lithium Project. Financially, Bulletin Resources maintains a strong balance sheet with cash, investments, and receivables totaling $13.43 million, and it continues to explore potential opportunities and manage its existing tenements.

Bulletin Resources Expands Lake Rebecca Gold Project with New Tenements

Bulletin Resources Limited has expanded its Lake Rebecca Gold Project by acquiring seven new tenements, increasing the project’s total area to 1,100 square kilometers. This expansion highlights multiple highly prospective gold targets, strategically located near significant gold projects and recent high-grade drill results from neighboring companies. The acquisition positions Bulletin Resources to explore large, low to moderate grade gold deposits, with several drill-ready prospects identified, potentially enhancing the company’s operations and market positioning.

Bulletin Resources Limited Releases Half-Year Financial Report

Bulletin Resources Limited has released its half-year financial report for the period ending December 31, 2024. The report includes various financial statements such as the consolidated 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 performance over the past six months, which could impact its operations and market positioning.

Bulletin Resources Expands Lake Rebecca Gold Project with Strategic Acquisition

Bulletin Resources Limited has significantly expanded its Lake Rebecca Gold Project by acquiring a 100% interest in a 509 square kilometer gold land package adjacent to its existing holdings. This acquisition increases the total area of the Lake Rebecca Gold Project to 1,100 square kilometers, positioning it strategically near major gold operations by Northern Star Resources and Ramelius Resources. The company plans an aggressive exploration program to capitalize on the newly acquired land, which includes multiple identified targets and unexplored structural areas, potentially enhancing its operational capacity and market competitiveness.

Bulletin Resources Bolsters Finances with Final Payment from Lake Rebecca Sale

Bulletin Resources Limited has received the final $0.8 million payment from Ramelius Resources Limited for the partial sale of a portion of its Lake Rebecca Gold Project. This payment strengthens Bulletin’s financial position, adding to its cash, shares, and receivables totaling $12.03 million, potentially enhancing its strategic capabilities in the mining sector.

Bulletin Resources Boosts Stake in Matsa Resources

Bulletin Resources Limited has increased its stake in Matsa Resources Limited, acquiring an additional 10 million ordinary fully paid shares through a share placement, which raises its voting power from 10.77% to 10.92%. This strategic move signals Bulletin Resources’ intention to strengthen its influence in Matsa Resources, potentially impacting Matsa’s future decision-making and operations.