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Coolabah Metals Ltd.
(Sydney:CBH)
Coolabah Metals Ltd. (CBH) vs. iShares MSCI Australia ETF (EWA)
Coolabah Metals Ltd. Business Overview & Revenue Model
Coolabah Metals Ltd. Financial Statement Overview
| Breakdown | |||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|
| Income Statement | Total Revenue | ||
| 30.00K | 0.00 | 0.00 | 0.00 | Gross Profit |
| -9.34K | -44.09K | -3.09K | 0.00 | EBIT |
| -1.76M | -2.10M | -2.67M | -669.44K | EBITDA |
| -1.76M | -2.02M | -2.67M | 0.00 | Net Income Common Stockholders |
| -2.40M | -2.07M | -2.62M | -669.44K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||
| 2.82M | 4.33M | 3.71M | 114.48K | Total Assets |
| 5.54M | 7.01M | 5.51M | 203.81K | Total Debt |
| 127.04K | 149.82K | 0.00 | 0.00 | Net Debt |
| -2.69M | -4.18M | -3.71M | -114.48K | Total Liabilities |
| 379.51K | 414.75K | 289.89K | 214.63K | Stockholders Equity |
| 5.16M | 6.60M | 5.23M | -10.82K |
| Cash Flow | Free Cash Flow | ||
| -2.42M | -1.72M | -2.97M | -544.14K | Operating Cash Flow |
| -2.37M | -1.69M | -2.81M | -544.14K | Investing Cash Flow |
| -50.01K | -27.83K | -192.41K | 0.00 | Financing Cash Flow |
| 2.32M | 2.35M | 6.60M | 658.62K |
Coolabah Metals Ltd. Technical Analysis
Coolabah Metals Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | AU$1.46B | 17.54 | 35.27% | ― | 148.01% | ― | |
51 Neutral | $1.98B | -1.26 | -21.11% | 5.99% | 2.92% | -30.46% | |
44 Neutral | AU$32.04M | ― | -66.84% | ― | ― | 74.01% | |
37 Underperform | AU$45.32M | ― | -13.21% | ― | ― | -66.67% | |
33 Underperform | ― | -46.09% | ― | ― | 38.72% |
Coolabah Metals Ltd. Corporate Events
Coolabah Metals Ltd. has reported exceptional results from historical drilling at the Pinnacles Mine, highlighting high-grade silver-lead-zinc intercepts that suggest significant open pit and underground development potential. The company has also undertaken strategic transactions, including a joint venture and financing arrangements, which could enhance its market position and operational capabilities.
Coolabah Metals Limited has announced an upsized public offering to raise between $15 million and $20 million, alongside a consolidation of its issued capital. This move is part of the company’s strategy to align its share price with the public offer price and comply with ASX listing rules. The acquisition of Broken Hill Mines Pty Ltd is a significant step, with revised terms including a 2% net smelter royalty and conditions precedent that need to be satisfied by July 2025. The transaction aims to strengthen the company’s market position and enhance shareholder value.
Coolabah Metals Ltd. announced the cessation of 2,516,678 securities due to the expiry of options without exercise or conversion as of March 31, 2025. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and future market positioning.
Coolabah Metals Limited has announced exceptional assay results from historical drilling at the Pinnacles Mine, revealing high-grade silver-lead-zinc intercepts. These findings suggest significant potential for both open-pit and underground mining developments. The results include impressive grades of silver, lead, and zinc, indicating a promising opportunity for resource expansion and increased production capabilities. The company plans to process over 1,100 meters of additional unassayed drill core and conduct a follow-up drilling program targeting shallow open-pit resources, which could enhance its market position and attract stakeholder interest.
Broken Hill Mines Pty Ltd, a subsidiary of Coolabah Metals Ltd., has exercised its option to enter a 70/30 joint venture with Pinnacles Mines Pty Ltd for operations at the Pinnacles Mine in New South Wales. This agreement allows BHM to become the exclusive operator of the mine, with ore being processed at their Rasp Mine facility. The joint venture aims to optimize mining operations and share profits, potentially strengthening BHM’s position in the mining sector.
Coolabah Metals Ltd. has released its interim financial report for the half-year ending December 31, 2024. The report provides insights into the company’s financial performance, including statements of profit or loss, financial position, cash flows, and changes in equity. This release is significant as it offers stakeholders a detailed view of the company’s financial health and operational efficiency during the specified period.
Broken Hill Mines, a subsidiary of Coolabah Metals Limited, has secured a binding conditional term sheet with a major North American insurer to replace its existing A$17 million cash-backed environmental bond with a surety bond. This strategic financial move will free up previously quarantined cash, allowing the company to invest in growth activities and general working capital for its Rasp and Pinnacles Mines. The surety bond, featuring a four-year term at a 2.5% interest rate, is subject to final documentation and approvals expected by June 2025. This development is anticipated to enhance the company’s operational flexibility and financial positioning.
Coolabah Metals Limited, soon to be renamed Broken Hill Mines Limited, operates in the mining industry. The company announced that due to strong investor demand, it will withdraw its current re-compliance prospectus and issue an upsized replacement prospectus for its public offer. All application monies received will be returned, and no shares will be issued under the current prospectus. The company plans to release the new prospectus in the coming weeks and will update the market with a revised timetable.
Coolabah Metals Limited has announced the withdrawal of its offers as outlined in its February 2025 prospectus. This decision, formalized in a supplementary prospectus, signifies that no securities will be issued, and all application monies will be returned to applicants. The move impacts the company’s immediate capital-raising efforts and may influence its strategic operations and stakeholder engagements.
Broken Hill Mines has secured a US$25 million Offtake Financing Facility with Hartree Metals LLC to support expansion at its Rasp and Pinnacles operations. This agreement includes the purchase of 200,000 tons of lead concentrate and replaces a previous deal with Trafigura Group. The financing will enhance the company’s growth plans and development activities, positioning it strategically in the market.
Coolabah Metals Limited, an entity listed on the Australian Securities Exchange (ASX), has been granted a waiver from ASX Listing Rule 14.7 regarding the timing of issuing certain securities approved by shareholders. This waiver allows the company to issue these securities by 31 March 2025, an extension from the initially planned date of 28 February 2025, due to pending conditions such as raising the minimum subscription under the public offer. The company’s ability to delay the issuance of these securities might affect its operational timelines and strategic financial transactions, providing flexibility in completing necessary conditions for its public offer.
Coolabah Metals Ltd. has announced its acquisition and development plans for the Rasp Mine and a commercial transaction concerning the Pinnacles Mine in Broken Hill, NSW. The company intends to raise between A$3 million and A$4 million through a public offer to fund these projects, aiming to enhance its mineral resource base and strengthen its position in the mining sector.