GBM Resources Limited (GBZ) AI Stock Analysis

• Market Cap: AU$38.23M
• Dividend Yield: N/A
• Average Volume (3M): 10.48M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.52
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: 4
• Sector: Basic Materials
• Sector Strength: 57
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 1,415,861,100
• 10 Day Avg. Volume: 10,846,303
• 30 Day Avg. Volume: 10,478,502
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: 42 Neutral
• Price Target: ―

The overall stock score for GBM Resources Limited reflects significant financial challenges, including declining revenue and negative cash flows. The technical analysis provides limited insights due to the absence of data, while the valuation metrics indicate potential overvaluation due to a negative P/E ratio and lack of dividends. These factors collectively suggest a cautious outlook on the stock.

GBM Resources Limited Business Overview & Revenue Model

Company Description

GBM Resources Limited engages in the exploration and development of mineral properties in Australia. The company explores for gold, silver, copper, and iron oxide. Its flagship project is the Mount Coolon gold project that covers an area of approximately 2,613 square kilometers located in the Drummond basin in Queensland. The company was incorporated in 2007 and is based in Mt Pleasant, Australia.

How the Company Makes Money

GBM Resources Limited makes money primarily through the exploration and development of mineral properties with a focus on gold and copper. The company generates revenue by advancing its projects to a stage where they can either be sold, partnered with larger mining companies, or brought into production. Key revenue streams include the sale of mineral rights, joint ventures, and potential future production revenues once a mine is operational. Significant partnerships with other mining companies and investors often provide the necessary capital and expertise to advance these projects. Additionally, GBM Resources may earn income through government grants or incentives aimed at promoting mining activities in the region.

GBM Resources Limited Financial Statement Overview

Summary

GBM Resources Limited faces significant financial challenges, with declining revenue, persistent losses, and negative cash flows. While the balance sheet shows some stability through equity financing, the company's poor profitability and liquidity issues raise concerns about its financial health. The company needs to address its operational inefficiencies and improve its revenue-generating capacity to stabilize its financial position.

Income Statement

GBM Resources Limited has experienced a significant decline in total revenue over the last year, with a 94.86% drop from 2023 to 2024. The company has consistently reported negative EBIT and net income, indicating ongoing operational challenges. The gross profit margin has improved slightly, but the net profit margin remains deeply negative, reflecting substantial losses and poor profitability.

Balance Sheet

The company has a moderate debt-to-equity ratio, which indicates a balanced use of debt and equity in its capital structure. However, the return on equity is negative, reflecting ongoing losses. The equity ratio stands at around 64.43%, suggesting a reasonable level of stability in terms of asset financing through equity. Overall, the balance sheet shows mixed stability with potential risks due to sustained losses.

Cash Flow

Free cash flow remains negative, with no indication of improvement, as evidenced by a 54.34% decline from 2023 to 2024. The operating cash flow to net income ratio is negative, highlighting inefficiencies in converting revenue into cash. The cash flow situation is concerning, with significant cash outflows and negative free cash flow, indicating potential liquidity challenges.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	83.60K	1.63M	3.33M	80.87K	54.19K
Gross Profit	83.60K	-1.39M	66.44K	-49.69K	46.26K
EBITDA	-1.34M	-782.51K	-333.56K	―	-1.12M
Net Income	-5.93M	-2.11M	-642.34K	267.85K	-1.20M
Balance Sheet
Total Assets	61.14M	63.98M	55.71M	38.09M	14.56M
Cash, Cash Equivalents and Short-Term Investments	1.62M	2.03M	836.15K	5.68M	1.38M
Total Debt	6.02M	7.49M	249.09K	63.72K	705.83K
Total Liabilities	21.74M	23.62M	17.26M	8.75M	2.36M
Stockholders Equity	39.39M	40.36M	38.44M	29.34M	12.20M
Cash Flow
Free Cash Flow	-5.54M	-12.13M	-14.79M	-8.73M	-2.73M
Operating Cash Flow	-2.15M	-4.00M	-513.61K	-1.43M	-890.73K
Investing Cash Flow	-1.75M	-3.85M	-13.42M	-6.65M	-1.44M
Financing Cash Flow	3.62M	8.91M	9.10M	12.38M	3.38M

GBM Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$9.72B	6.71	-0.14%	3.11%	2.50%	-46.76%
KZR	57 Neutral	AU$23.04M	―	-19.74%	―	―	-24.88%
GBZ	42 Neutral	AU$38.23M	―		―	―	―
ODQ	―	€18.52M	―	-18.08%	―	―	―
ICL	47 Neutral	AU$21.63M	―	-5.25%	―	―	11.54%
KRM	38 Underperform	AU$32.40M	―	-8.88%	―	―	―
WGR	34 Underperform	AU$20.70M	―	-217.17%	―	―	26.13%

GBM Resources Limited Corporate Events

GBM Resources Secures Shareholder Approval for Key Resolutions

GBM Resources Limited held a General Meeting on 4 August 2025, where all proposed resolutions were passed by poll. The resolutions included ratifying the issue of Tranche 1 and Tranche 2 Placement Shares, approving Director Placement Shares, and issuing Management Options. This successful meeting indicates strong shareholder support for the company’s strategic initiatives, potentially enhancing its operational capabilities and market position.

GBM Resources Restructures Board and Secures Funding for Gold Exploration

GBM Resources Limited announced a strategic repositioning involving a two-tranche placement to raise A$13.0 million, a board restructure, and the termination of a farm-in agreement with Wise Walkers Limited. The capital raised will enable GBM to repay its convertible debt, resulting in a debt-free balance sheet, and fund extensive exploration activities in the Drummond Basin. The board changes bring experienced leadership to the company, and Wise Walkers Limited has increased its stake, becoming a cornerstone investor with a 19.99% ownership. These developments position GBM to advance its gold exploration projects and potentially enhance its market standing.

GBM Resources Unveils New Securities Trading Policy

GBM Resources Limited has released its Securities Trading Policy, which outlines the guidelines for Key Management Personnel (KMP) and other employees regarding the trading of company securities. The policy is designed to mitigate risks of insider trading and ensure compliance with ASX Listing Rules, particularly given the company’s current exploration phase where key inside information may arise from feasibility studies and exploration activities. The policy also emphasizes the serious legal and disciplinary consequences of insider trading.

Wise Walkers Limited Reduces Stake in GBM Resources Limited

GBM Resources Limited has announced a change in the substantial holding of its shares by Wise Walkers Limited. The voting power of Wise Walkers Limited has decreased from 9.99% to 7.85% due to a dilution resulting from the issuance of new shares. This change in shareholding may impact the influence Wise Walkers Limited has within the company, potentially affecting its strategic decisions and stakeholder interests.

GBM Resources Completes Initial Payment in Mt Morgan Project Sale

GBM Resources Limited has completed the Tranche 1 payment under its Asset Sale Agreement with Lithium Energy Limited for the sale of its Mt Morgan Gold-Copper Project, receiving $400,000 as part of a potential $3.2 million deal. This transaction supports GBM’s strategy to divest non-core assets and focus on its Drummond Basin gold portfolio, enhancing its balance sheet and allowing the company to concentrate on expanding its resource base at Twin Hills.

GBM Resources Announces General Meeting with Digital Focus

GBM Resources Limited has announced a General Meeting of Shareholders scheduled for 4 August 2025 in Perth, Western Australia. The company is emphasizing electronic distribution of meeting materials in compliance with recent legislative changes, encouraging shareholders to lodge proxy votes in advance and participate in the meeting through electronic means. This move reflects a broader industry trend towards digital communication, potentially increasing shareholder engagement and operational efficiency.

GBM Resources Appoints New Director with Significant Shareholding

GBM Resources Limited announced the appointment of Ian Middlemas as a director, effective from June 30, 2025. Middlemas holds a significant interest in the company through 200 million fully paid ordinary shares via Arredo Pty Ltd, indicating a strong alignment with shareholder interests and potentially influencing strategic decisions.

GBM Resources Announces Key Board and Executive Changes

GBM Resources Limited has announced significant changes to its board and executive team, with the appointment of Mr. Ian Middlemas as Non-Executive Chairman and the addition of Mr. Robert Behets and Mr. Peter Fox as Non-Executive Directors. Mr. Sunny Loh transitions to a Non-Executive Director role, and Mr. Peter Rohner steps down as Managing Director but remains as CEO until the end of July 2025. Additionally, Mr. Lachlan Lynch has been appointed as the new Company Secretary, bringing over a decade of corporate governance experience to the role. These changes are expected to impact the company’s strategic direction and governance structure, potentially influencing its operations and stakeholder relations.

GBM Resources Limited Announces Quotation of New Securities on ASX

GBM Resources Limited has announced the quotation of 244,791,132 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code GBZ. This move is part of previously announced transactions and is expected to enhance the company’s financial flexibility and market presence, potentially impacting its operational capabilities and stakeholder interests.

GBM Resources Completes Tranche 1 Capital Raising

GBM Resources Limited announced the completion of Tranche 1 of its capital raising initiative, issuing 244,791,132 ordinary shares at $0.006 per share. This move is part of a broader strategy to strengthen the company’s financial position and support its ongoing exploration and development activities. The company plans to proceed with Tranche 2, subject to shareholder approval, which includes a significant issuance of shares and options to various stakeholders. This capital raising effort is expected to bolster GBM’s operational capabilities and enhance its competitive standing in the mining industry.

GBM Resources Announces Proposed Securities Issue to Boost Capital

GBM Resources Limited has announced a proposed issue of securities, including options exercisable at various prices and a large number of ordinary fully paid shares. This move is expected to provide the company with additional capital, potentially strengthening its financial position and supporting its growth initiatives in the mining sector.

$13 Million Capital Raise and Board Restructure at GBM Resources to Boost Gold Exploration

GBM Resources Limited has announced a $13 million capital raise through a placement to institutional and sophisticated investors, which will enable the company to repay existing debt and fund exploration activities. The company is undergoing a board restructure, with Ian Middlemas appointed as Chairman and new directors joining the board, positioning GBM to accelerate its exploration program in the Drummond Basin, aiming to expand its gold resource base and deliver value to shareholders.

GBM Resources Initiates Trading Halt for Capital Raising and Board Changes

GBM Resources Limited has requested a trading halt on its securities pending an announcement regarding a proposed capital raising and new board appointments. This move indicates strategic changes within the company that could impact its financial structure and governance, potentially influencing its market positioning and stakeholder interests.