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CZR Resources Ltd
(Sydney:CZR)
CZR Resources Ltd (CZR) vs. S&P 500 (SPY)
CZR Resources Ltd Business Overview & Revenue Model
CZR Resources Ltd Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 792.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 792.00 | -20.11K | -14.10K | -11.15K | -6.05K | EBIT |
| -5.41M | -6.93M | -5.81M | -3.96M | -2.57M | EBITDA |
| -4.37M | -7.09M | -5.79M | -3.97M | -3.10M | Net Income Common Stockholders |
| 10.49M | -7.11M | -5.80M | -3.98M | -3.68M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 588.83K | 2.17M | 3.12M | 5.12M | 4.65M | Total Assets |
| 42.64M | 16.43M | 16.78M | 18.77M | 15.20M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 277.98K | Net Debt |
| -588.83K | -2.17M | -3.12M | -5.12M | -4.37M | Total Liabilities |
| 15.07M | 909.57K | 775.75K | 346.20K | 701.66K | Stockholders Equity |
| 27.57M | 15.52M | 16.00M | 18.42M | 14.50M |
| Cash Flow | Free Cash Flow | |||
| -3.46M | -6.23M | -5.20M | -3.88M | -2.79M | Operating Cash Flow |
| -3.46M | -6.23M | -5.16M | -3.88M | -2.76M | Investing Cash Flow |
| 888.91K | -155.00K | -56.65K | -43.15K | -26.64K | Financing Cash Flow |
| 991.67K | 5.43M | 3.22M | 4.39M | 7.43M |
CZR Resources Ltd Technical Analysis
CZR Resources Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | €218.64M | 15.28 | 8.27% | ― | 10.26% | -68.36% | |
71 Outperform | $219.89M | 3.75 | 5.68% | 12.10% | -15.28% | -60.99% | |
56 Neutral | $353.87M | 56.60 | -35.86% | ― | -39.92% | -249.60% | |
49 Neutral | $1.94B | -1.23 | -21.28% | 3.73% | 1.19% | -29.73% | |
43 Neutral | AU$58.00M | 4.38 | -89.23% | ― | ― | -297.36% | |
39 Underperform | $822.94M | 65.12 | ― | ― | ― | ||
31 Underperform | $72.01M | ― | -4.78% | ― | ― | -10.63% |
CZR Resources Ltd Corporate Events
CZR Resources Ltd has announced significant corporate transactions, including the termination of a previous agreement with Miracle Iron Resources and the acceptance of a takeover offer from Fenix Resource Ltd. However, the company later received and accepted a superior proposal from the Robe River Iron Associates Joint Venture, led by Rio Tinto and its partners, to acquire CZR’s interest in the Robe Mesa Project for A$75 million. This decision led to the withdrawal of the recommendation for the Fenix offer. The transaction is subject to various approvals, including shareholder consent, with a meeting scheduled for May 29, 2025. The largest shareholder, Mark Creasy, has indicated support for the transaction, which is expected to provide significant financial benefits and strategic alignment for CZR.
CZR Resources Ltd announced that Fenix Resources Ltd has ceased to be a substantial holder in the company as of April 29, 2025. This change occurred because Fenix’s off-market takeover bid for all ordinary shares in CZR became void due to unfulfilled conditions, affecting over 35 million shares and votes.
CZR Resources Ltd has announced a General Meeting of shareholders to discuss and approve the sale of its Robe Mesa Iron Ore Project. This decision is pivotal for the company’s strategic direction and could significantly impact its operations and market positioning. Shareholders are encouraged to participate in the meeting or submit proxy votes, with the board recommending approval of the sale unless a superior proposal arises.
Fenix Resources Ltd has issued a second supplementary bidder’s statement regarding its off-market takeover offer for CZR Resources Ltd. However, CZR Resources has received a superior proposal from North Mining Limited and its partners for the acquisition of its Robe Mesa Iron Ore Project, leading CZR’s board to withdraw its recommendation for Fenix’s offer. Consequently, the agreement between Fenix and CZR has been terminated, with CZR required to pay a break fee and repay outstanding loans.
CZR Resources Ltd has announced a significant shift in its strategic direction by rejecting an off-market takeover offer from Fenix Resources Ltd in favor of a more lucrative proposal from the Robe River Joint Venture (RRJV), which includes subsidiaries of Rio Tinto and Mitsui. The RRJV Transaction offers a cash consideration of A$75 million, deemed superior to Fenix’s all-scrip offer, allowing CZR to retain its other projects and reduce exposure to market volatility. The CZR Board and its largest shareholder, Mark Creasy, have expressed strong support for the RRJV Transaction, which is subject to shareholder approval.
CZR Resources Ltd has accepted a binding offer from the Robe River Joint Venture (RRJV), involving North Mining Limited, Robe River Mining Co Pty Ltd, and Mitsui Iron Ore Development Pty Ltd, for the acquisition of its Robe Mesa Iron Ore Project for A$75 million. The CZR Board has determined this offer to be superior to a previous offer from Fenix Resources Ltd, citing the cash consideration as a significant premium and beneficial for future project development without the need for additional capital raising. The transaction, which includes a working capital loan and a release deed, is subject to shareholder approval, with the Board recommending shareholders vote in favor of the RRJV Transaction.
CZR Resources Ltd has requested a trading halt on its securities pending an announcement related to an update from the Robe River Joint Venture. The halt will remain in effect until the company releases the announcement or normal trading resumes on April 23, 2025. This move indicates a significant development concerning the joint venture, which could impact the company’s market position and stakeholder interests.
Fenix Resources Ltd has decided not to counter CZR Resources Ltd’s acceptance of a superior proposal from the Robe River Iron Associates Joint Venture. This decision reflects Fenix’s strategic focus on its existing growth opportunities in the Mid-West region. Fenix’s takeover offer for CZR remains open until April 29, 2025, but the company is prioritizing its current mining operations and expansion plans, aiming for a production rate of 4 million tonnes per annum from its iron ore mines.
Fenix Resources Ltd has announced an extension of its off-market takeover bid for all shares of CZR Resources Ltd. The offer period is now extended by seven days, with the new closing date set for April 29, 2025. This move is part of Fenix’s strategic efforts to acquire CZR Resources, which could potentially impact the company’s market positioning and shareholder value.
CZR Resources Ltd announced the cessation of 411,765 securities, specifically options that expired on April 13, 2025, without exercise or conversion. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and market positioning.
CZR Resources Ltd has experienced a change in substantial holding, with Fenix Resources Ltd increasing its voting power from 13.89% to 14.97% through an off-market takeover bid. This acquisition indicates Fenix’s strategic interest in CZR, potentially impacting the company’s operational control and market positioning.
CZR Resources Ltd has received a binding offer from the Robe River Joint Venture, which includes subsidiaries of Rio Tinto and Mitsui, to acquire CZR’s interest in its Robe Mesa Iron Ore project for A$75 million. The CZR Board has deemed this offer as a superior proposal compared to a previous offer from Fenix Resources Ltd, citing the cash consideration as a significant premium and beneficial for future project developments. This decision allows CZR to retain its other project interests and reduces its exposure to volatile capital and commodity markets.
CZR Resources Ltd has requested a trading halt on its securities pending an announcement related to an offer from the Robe River Joint Venture. The halt is expected to last until the announcement is made or until the commencement of normal trading on 14 April 2025, reflecting a strategic move that could impact the company’s future operations and stakeholder interests.
Fenix Resources Ltd has announced an off-market takeover bid to acquire all ordinary shares of CZR Resources Ltd. The bid, initially outlined in February 2025, has been extended by seven days, with the new closing date set for April 22, 2025. This move signifies Fenix’s strategic effort to consolidate its position in the market, potentially impacting stakeholders by altering the competitive landscape.
Fenix Resources Ltd has announced it received acceptances for 10.04% of CZR Resources Ltd’s shares as part of its conditional off-market takeover bid. This acquisition is expected to enhance Fenix’s strategic positioning in the iron ore market, leveraging its existing mining and logistics operations to expand its asset base and production capacity.
CZR Resources Ltd has received a non-binding, indicative, and conditional takeover proposal from Gold Valley Iron Ore Pty Ltd, offering $0.31 per share. However, the CZR Board has determined that the proposal does not constitute a superior offer compared to the existing binding offer from Fenix Resources Ltd, which includes an increased offer consideration of 0.98 Fenix shares for each CZR share. The board continues to recommend shareholders accept Fenix’s offer, emphasizing the certainty and binding nature of the Fenix bid.
CZR Resources Ltd has announced that its board of directors unanimously recommends shareholders accept the takeover offer from Fenix Resources Ltd. This offer involves a scrip consideration of 0.98 Fenix shares for each CZR share, with an implied value of $0.30 per share. The acceptance of this offer is encouraged before the deadline of 7:00pm AEDT on 21 March 2025, as no superior proposal has emerged. The takeover bid, if successful, could significantly impact CZR’s operations and market positioning by aligning with Fenix’s strategic goals.
CZR Resources Ltd has experienced a change in its substantial holding as Fenix Resources Ltd has increased its voting power from 5.08% to 6.14% through an off-market takeover bid. This acquisition reflects Fenix’s strategic move to consolidate its position in CZR, potentially impacting the company’s market dynamics and stakeholder interests.
Fenix Resources Ltd has announced the execution of Option Cancellation Deeds and Performance Right Cancellation Deeds with nearly all CZR Resources Ltd option holders and all performance right holders. This move is part of Fenix’s off-market takeover bid to acquire all CZR shares, offering CZR shareholders 0.85 Fenix shares per CZR share, increasing to 0.98 shares if Fenix secures a 75% interest by March 21, 2025. The CZR board unanimously recommends shareholders accept the offer, with major shareholder Mark Creasy also indicating support, provided no superior proposal emerges.
CZR Resources Ltd has experienced a change in substantial holding as Fenix Resources Ltd increased its voting power from 4.22% to 5.08% through an off-market takeover bid. This acquisition signifies Fenix’s strategic move to strengthen its position in CZR Resources, potentially impacting the company’s control and stakeholder dynamics.
CZR Resources Ltd has experienced a change in substantial holding, as Fenix Resources Ltd increased its voting power from 2.76% to 4.22% through an off-market takeover bid. This acquisition, which involves exchanging Fenix shares for CZR shares, could potentially strengthen Fenix’s influence within CZR, impacting both companies’ market positioning and stakeholder interests.
CZR Resources Ltd has experienced a change in substantial holding as Fenix Resources Ltd acquired a 2.76% voting power through an off-market takeover bid. This acquisition involved exchanging Fenix shares for CZR shares, with the potential for increased exchange rates if certain conditions are met. The transaction signifies Fenix’s strategic move to increase its stake in CZR, potentially impacting CZR’s market positioning and shareholder dynamics.
CZR Resources Ltd has announced the dispatch of its target’s statement in response to an off-market takeover bid by Fenix Resources Ltd. The directors of CZR have recommended shareholders accept the offer, which involves an exchange of shares, unless a superior proposal emerges. This takeover bid could significantly impact CZR’s operations and market positioning, as it involves a strategic acquisition by Fenix Resources, potentially altering the landscape for stakeholders involved.
Fenix Resources Ltd has made an off-market takeover bid for all the ordinary shares of CZR Resources Ltd, becoming a substantial holder as of February 25, 2025. This move could significantly impact CZR’s operations and market positioning, as Fenix aims to consolidate its interests and potentially enhance its influence within the industry.
CZR Resources Ltd recently announced the termination of its transaction with Miracle Iron Resources Pty Ltd regarding the sale of its Robe Mesa Iron Ore project. Additionally, CZR has been in discussions with Fenix Resources Ltd about a potential takeover bid, which has now resulted in a bid implementation agreement. This development could significantly impact CZR’s operations and market positioning, as the takeover by Fenix could lead to strategic realignments and potential growth opportunities for stakeholders.
Fenix Resources Limited is set to acquire CZR Resources Limited, creating a new force in the Western Australian iron ore industry. This strategic acquisition is expected to enhance the combined group’s market position, offering potential synergies and benefits to stakeholders, although it carries inherent risks and uncertainties.