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Blackstone Minerals Ltd (AU:BSX)
:BSX

Blackstone Minerals Ltd (BSX) AI Stock Analysis

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AU

Blackstone Minerals Ltd

(Sydney:BSX)

40Underperform
Blackstone Minerals Ltd's significant financial challenges, marked by negative profitability and cash flows, weigh heavily on its stock performance. While there is some positive price momentum, the lack of profitability and dividend yield limits the stock's attractiveness. Addressing financial inefficiencies and improving revenue generation are crucial for future growth.

Blackstone Minerals Ltd (BSX) vs. S&P 500 (SPY)

Blackstone Minerals Ltd Business Overview & Revenue Model

Company DescriptionBlackstone Minerals Limited engages in the exploration and development of mineral properties. The company primarily explores for nickel, cobalt, copper, gold, platinum, and palladium deposits. It holds a 100% interest in the Gold Bridge project, which covers an area of 367 square kilometers located in the British Columbia, Canada. The company also holds a 90% interest in the Ta Khoa project located in Son La Province, Vietnam. Blackstone Minerals Limited was incorporated in 2016 and is based in West Perth, Australia.
How the Company Makes MoneyBlackstone Minerals Ltd generates revenue primarily through the exploration and development of its mineral resources, with a particular focus on nickel, which is a critical component in the production of electric vehicle batteries. The company's revenue model is centered around advancing its mining projects to the stage where they can be commercially viable, either through selling the extracted minerals directly or through partnerships and joint ventures with other companies. Blackstone also aims to enter into strategic partnerships with battery manufacturers and technology companies to secure long-term supply agreements. Additionally, the company may generate income through the sale or option of its non-core assets and exploration joint ventures.

Blackstone Minerals Ltd Financial Statement Overview

Summary
Blackstone Minerals Ltd faces significant financial challenges, characterized by consistent losses, high operational costs, and negative cash flows. Despite a low leverage balance sheet, the inability to generate positive returns from equity and assets is concerning.
Income Statement
Blackstone Minerals Ltd has shown consistent revenue challenges, with a negative revenue growth trajectory over the years. Gross and net profit margins are negative, indicating profitability issues. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies and high costs relative to revenue.
Balance Sheet
40
The company's balance sheet indicates a relatively low debt-to-equity ratio, suggesting conservative leverage. However, the return on equity is negative, indicating that the company is not generating profit from shareholders’ equity. Despite a reasonable equity ratio, the declining asset base raises concerns about long-term sustainability.
Cash Flow
Cash flows remain negative, with free cash flow deterioration over time. The operating cash flow to net income ratio is unfavorable, suggesting inefficiencies in translating accounting profits into cash. The company's reliance on financing activities to support operations adds risk.
Breakdown
Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
0.00383.56K35.90K77.25K46.33K
Gross Profit
-1.11M-627.37K-1.09M-727.31K-181.04K
EBIT
-15.47M-33.91M-39.63M-17.90M-7.52M
EBITDA
-20.72M-32.90M-34.84M-16.91M-7.71M
Net Income Common Stockholders
-17.33M-32.15M-31.94M-15.88M-7.89M
Balance SheetCash, Cash Equivalents and Short-Term Investments
4.16M12.56M40.75M21.80M6.79M
Total Assets
19.25M36.72M70.13M36.20M28.96M
Total Debt
1.12M436.92K699.23K296.27K395.53K
Net Debt
-3.04M-11.95M-40.05M-21.50M-6.39M
Total Liabilities
2.99M6.33M6.62M5.49M10.92M
Stockholders Equity
20.06M31.52M62.65M26.82M18.15M
Cash FlowFree Cash Flow
-14.97M-27.98M-36.42M-15.31M-6.84M
Operating Cash Flow
-13.72M-27.91M-35.82M-15.00M-6.49M
Investing Cash Flow
-723.88K-249.46K-10.19M-312.26K-169.75K
Financing Cash Flow
6.20M-294.24K65.03M30.35M13.14M

Blackstone Minerals Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.07
Price Trends
50DMA
0.07
Positive
100DMA
0.05
Positive
200DMA
0.04
Positive
Market Momentum
MACD
>-0.01
Negative
RSI
58.51
Neutral
STOCH
26.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BSX, the sentiment is Positive. The current price of 0.07 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 58.51 is Neutral, neither overbought nor oversold. The STOCH value of 26.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BSX.

Blackstone Minerals Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (49)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
49
Neutral
$1.94B-1.18-21.28%3.73%1.05%-29.44%
AUBSX
40
Underperform
AU$44.95M-51.66%59.92%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:BSX
Blackstone Minerals Ltd
0.07
0.02
40.00%
SYAAF
Syrah Resources
0.20
-0.10
-33.33%
GB:S32
South32
135.40
-50.52
-27.17%
IPGDF
IGO
2.31
-2.95
-56.08%
MLXEF
Metals X Limited
0.34
0.04
13.33%

Blackstone Minerals Ltd Corporate Events

Blackstone Minerals Announces General Meeting and ASX Merger Confirmation
May 5, 2025

Blackstone Minerals Ltd has announced a General Meeting scheduled for June 4, 2025, at The Park Business Centre in West Perth, Australia. The meeting will address matters affecting shareholders, and it is crucial for shareholders to review the notice in full and seek professional advice if needed. The Australian Securities Exchange (ASX) has confirmed that it will not require shareholder approval for a significant change in Blackstone’s activities related to a merger, nor will it require Blackstone to meet new listing requirements. This decision by ASX could streamline Blackstone’s merger process, potentially impacting its operational scale and market positioning.

Blackstone Minerals Unveils Promising Results at Mankayan Copper-Gold Project
May 1, 2025

Blackstone Minerals Ltd announced promising assay results from a drillhole at the Mankayan copper-gold porphyry project in the Philippines, reinforcing its status as a leading undeveloped project globally. The drillhole intersected over 300 meters of high-grade mineralization, confirming a high-grade core within the deposit. This finding supports a low-capex, high-return development strategy, enhancing Blackstone’s strategic positioning in the copper and gold markets. The project remains open for further exploration, offering significant growth potential and aligning with Blackstone’s focus on economically robust assets.

Blackstone Minerals Reveals High-Grade Copper-Gold Findings at Mankayan Project
Apr 4, 2025

Blackstone Minerals Limited has announced significant assay results from drillhole BRC-60 at the Mankayan Copper-Gold Porphyry project, revealing high-grade copper-gold mineralization at greater depths than previously known. The results indicate that the mineralized system remains open at depth with potential for further exploration, reinforcing the project’s untapped potential and Blackstone’s commitment to advancing exploration efforts.

Blackstone Minerals Unveils Promising Copper-Gold Assay Results at Mankayan
Apr 3, 2025

Blackstone Minerals Ltd announced significant assay results from drillhole BRC-60 at the Mankayan Copper-Gold Porphyry project, revealing a deeper extent of the mineralization than previously understood. The results highlight the project’s untapped potential, with the mineralized system remaining open at depth and to the north, enhancing its strategic importance as copper and gold remain in high demand.

Blackstone Minerals Uncovers Visible Gold at Mankayan Project
Mar 6, 2025

Blackstone Minerals Limited has announced the discovery of visible gold in a diamond drill hole at the Mankayan Copper Gold Project in the Philippines. This discovery, located above the main copper-gold porphyry system, presents a new exploration opportunity within volcanic units that have historically been overlooked. The angled drilling approach increases the potential for intersecting mineralization, and the discovery marks a significant step in understanding the resource potential at Mankayan, opening up new exploration targets.

Blackstone Minerals Unveils New Gold Discovery at Mankayan Project
Mar 5, 2025

Blackstone Minerals Ltd has announced the discovery of visible gold in a diamond drill hole at the Mankayan Copper Gold Project in the Philippines. This discovery, located above the main copper-gold porphyry system, presents a significant exploration opportunity as it opens up new targets within volcanic host rocks that were previously overlooked. The company is currently undergoing a merger with IDM International, which is expected to enhance the development of the Mankayan project by combining the expertise of both teams. This discovery marks a pivotal step in understanding the resource potential of Mankayan and could have significant implications for the company’s future operations and market positioning.

Blackstone Minerals Announces Changes in Substantial Shareholder Interests
Feb 28, 2025

Blackstone Minerals Ltd announced a change in the interests of its substantial holders, with ConBrio Beteiligungen AG and other associated entities adjusting their voting power in the company. The changes in shareholding, including on-market sales and purchases, reflect strategic adjustments by these entities, potentially impacting Blackstone’s shareholder dynamics and market perception.

Blackstone Minerals Raises $2.25 Million Through Share Placement
Feb 26, 2025

Blackstone Minerals Limited has successfully completed the placement of Shortfall Shares from its Entitlement Offer, raising $2.25 million before costs. This strategic move, involving the issuance of over 74 million shares at $0.03 each, along with additional shares from exercised options, strengthens the company’s financial position and supports its ongoing projects. The announcement reflects Blackstone’s compliance with regulatory requirements and its proactive approach to capital management, potentially enhancing its market standing and investor confidence.

Blackstone Minerals Announces Quotation of New Shares on ASX
Feb 26, 2025

Blackstone Minerals Ltd has announced the placement of 74,946,591 ordinary fully paid shares, which will be quoted on the ASX. This move follows the company’s prospectus dated November 4, 2024, and the offer results from December 3, 2024, indicating a strategic effort to raise capital and enhance its market presence.

Blackstone Minerals Ltd Announces Quotation of New Securities on ASX
Feb 26, 2025

Blackstone Minerals Ltd has announced the quotation of 600,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code BSX. This move is part of the company’s strategic efforts to strengthen its financial position and enhance liquidity, potentially impacting its operational capabilities and stakeholder interests positively.

Blackstone Minerals Issues 10 Million Unlisted Options
Feb 14, 2025

Blackstone Minerals Limited announced the issuance of 10,000,000 unlisted options with an exercise price of $0.07, expiring on December 3, 2027. This strategic move is part of the company’s efforts to bolster its financial position and enhance its capacity for future exploration and development projects, potentially impacting its operational growth and market presence.

Blackstone Minerals Announces Upcoming Investor Webinar
Feb 7, 2025

Blackstone Minerals Ltd has announced an investor webinar scheduled for February 10, 2025, where Managing Director Scott Williamson will provide a company update and participate in a Q&A session. This engagement initiative is part of Blackstone’s strategy to enhance communication with shareholders and stakeholders, which could positively impact the company’s stakeholder relations and market positioning.

Blackstone Minerals Resumes Trading After Merger Announcement
Feb 6, 2025

Blackstone Minerals Limited, trading on the ASX under the symbol BSX, has announced that the suspension of its securities trading will be lifted immediately. This follows the release of a significant announcement regarding a proposed merger, which is expected to have implications for the company’s market presence and operations.

Blackstone Minerals Announces Significant Securities Issuance
Feb 6, 2025

Blackstone Minerals Limited has announced a proposed issuance of securities, with plans to issue a substantial number of unlisted options and ordinary shares. The issuance is intended to support the company’s strategic initiatives, potentially enhancing its financial capacity to expand exploration and development activities. This move is likely to strengthen Blackstone’s position in the mining industry, particularly in the growing market for battery metals, and could have significant implications for stakeholders by potentially increasing the company’s asset base and market presence.

Blackstone Minerals Merges with IDM International to Advance Copper-Gold Exploration
Feb 6, 2025

Blackstone Minerals Ltd has announced a merger with IDM International to explore the Mankayan Copper-Gold Porphyry Project. This strategic move is expected to enhance Blackstone’s position in the mining sector, potentially increasing its resource base and offering new opportunities for stakeholders by tapping into a world-class mineral project.

Blackstone Minerals Merges with IDM to Acquire Mankayan Copper-Gold Project
Feb 6, 2025

Blackstone Minerals Ltd has announced a merger with IDM International Limited, acquiring the Mankayan Copper-Gold Project in the Philippines. This strategic move allows Blackstone to enhance its exposure to critical energy transition metals like copper and precious metals such as gold and silver, aligning with global decarbonization trends and offering substantial growth potential. Positioned in a pro-mining region and bolstered by historical high-grade drill intercepts, the Mankayan Project is set to deliver long-term value and significant resource growth opportunities, strengthening Blackstone’s industry positioning.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.