Golden Deeps Limited (GED) AI Stock Analysis

• Market Cap: AU$13.68M
• Dividend Yield: N/A
• Average Volume (3M): 1.09M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.53
• Revenue Growth: N/A
• EPS Growth: 12.20%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 228,007,130
• 10 Day Avg. Volume: 1,167,724
• 30 Day Avg. Volume: 1,093,169
• PEG Ratio: 0.21
• Price to Book (P/B): 0.23
• Price to Sales (P/S): 18.68
• P/FCF Ratio: -1.20
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: AU$0.06 ▼(-1.67% Downside)

The score is primarily constrained by weak financial performance—persistent losses and ongoing negative free cash flow—despite the benefit of a debt-free balance sheet. Technical indicators are neutral-to-slightly positive and provide modest support, while valuation is limited by a negative P/E and no dividend yield data.

Positive Factors

Debt-free balance sheet

A zero-debt position materially lowers refinancing and interest obligations, providing durable financial flexibility. This conservatism reduces short- and medium-term solvency risk, allowing management time to restructure operations or pursue growth before needing external debt financing.

Sizable equity buffer

A relatively large equity base versus company scale creates a capital cushion that absorbs continued losses and cash burn. This structural buffer lowers near-term insolvency risk and supports potential investments or capital raises without immediate distress financing.

High gross margin on reported revenue

Very high gross profit as a share of revenue implies the core product or service has favorable unit economics before overhead. If management can control operating costs or scale revenue, this structural margin could enable durable path to profitability.

Negative Factors

Persistent negative cash flow

Consistent negative operating and free cash flow erodes liquidity and equity over time, forcing reliance on external financing. This sustained cash burn is a structural weakness that constrains reinvestment, limits strategic options, and increases dilution or financing cost risks.

Chronic annual losses and deep negative margins

Multi-year net losses and extreme negative margins indicate operating costs far outstrip revenue. This is a fundamental profitability problem, suggesting the underlying business model or cost structure is not yet scalable and will require sustained structural change to return to profit.

Small, volatile and falling revenue

Low and uneven revenue undermines the company's ability to absorb fixed costs and build scale economies. The recent revenue decline after a prior step-up signals demand or execution inconsistency, making margin recovery and reliable cash generation uncertain over the medium term.

Golden Deeps Limited Business Overview & Revenue Model

Company Description

Golden Deeps Limited, together with its subsidiaries, invests in, develops, and explores for mineral properties in Australia, Namibia, and Canada. It explores for gold, silver, copper, vanadium, lead, zinc, and cobalt deposits. The company holds 100% interests in the Havilah Project that consists of three granted tenement blocks covering an area of approximately 102 square kilometers; and the Tuckers Hill Project that covers approximately 140 square kilometers located in the Lachlan Fold Belt, New South Wales. It also holds an 80% interest in the Abenab Vanadium Project, which includes five prospecting licenses covering an area of 433.72 square kilometers in the Otavi Mountain land, northeast Namibia; and the Khusib Springs mine located in the Otavi Mountain Land near Grootfontein in Northern Namibia. In addition, the company holds interests in the Professor Co-Ag Project, which consists of a contiguous landholding of 16 patent and leasehold claims covering an area of approximately 129.7 hectares; and the Waldman Ag-Co project that consists of a contiguous landholding of 11 claims covering an area of 188.8 hectares located in the town of Cobalt, Ontario. Golden Deeps Limited was incorporated in 1991 and is based in West Perth, Australia.

How the Company Makes Money

Golden Deeps Limited generates revenue primarily through the exploration, development, and sale of mineral resources. The company earns money by discovering valuable mineral deposits, developing mining operations to extract these resources, and subsequently selling the extracted minerals to industrial clients or on commodity markets. Key revenue streams include the sale of copper, vanadium, and other base metals. The company's financial performance is often influenced by global commodity prices, demand from industrial sectors, and its ability to efficiently manage extraction and production costs. Strategic partnerships with other mining companies and stakeholders may also enhance its operational capabilities and market reach, contributing to its earnings.

Golden Deeps Limited Financial Statement Overview

Summary

Financials are weak due to consistently losses and sustained cash burn (negative operating and free cash flow every year). The main offset is a debt-free balance sheet, which lowers financial risk, but negative returns on equity indicate the capital base is not generating profits.

Income Statement

Revenue remains very small and volatile, with a sharp step-up in 2023 but a decline in 2025 (annual revenue down ~18%). Profitability is consistently weak: the company has posted losses every year from 2020–2025, with EBIT and net margins deeply negative (2025 net margin roughly -667%). A positive is that gross profit is reported near 100% of revenue in most years, but operating costs overwhelm the revenue base, keeping earnings firmly negative.

Balance Sheet

The balance sheet is conservatively positioned with no debt reported across all periods (debt-to-equity at 0), reducing financial risk and refinancing pressure. Equity is sizable relative to the company’s scale and has generally remained supportive (though it fluctuates year to year). The key weakness is persistent negative returns on equity (roughly -6% to -10% in recent years, worse in 2020), indicating the capital base is not currently generating profits.

Cash Flow

Cash generation is consistently negative: operating cash flow is below zero every year (about -$0.6M to -$2.6M), and free cash flow is also negative each year (roughly -$1.7M to -$2.9M). Free cash flow deficits are larger than net losses in most years (free cash flow to net income above 1), suggesting meaningful cash burn beyond accounting losses. While the year-to-year change in free cash flow sometimes improves, the overall pattern remains sustained cash outflow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	162.37K	162.37K	207.52K	198.84K	1.03K	25.81K
Gross Profit	162.37K	162.37K	207.52K	189.43K	1.03K	25.81K
EBITDA	-839.79K	-839.64K	-795.00K	-684.00K	-1.29M	-676.54K
Net Income	-1.08M	-1.08M	-950.00K	-686.00K	-1.27M	-665.51K
Balance Sheet
Total Assets	13.01M	13.01M	11.56M	12.14M	13.12M	7.32M
Cash, Cash Equivalents and Short-Term Investments	2.84M	2.84M	4.00M	5.96M	7.97M	3.00M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	137.00K	137.00K	308.91K	116.45K	134.22K	239.77K
Stockholders Equity	13.12M	13.12M	11.71M	12.46M	13.35M	7.40M
Cash Flow
Free Cash Flow	-2.54M	-2.54M	-1.97M	-2.01M	-1.87M	-2.90M
Operating Cash Flow	-973.95K	-973.95K	-589.38K	-617.76K	-787.47K	-2.62M
Investing Cash Flow	-1.81M	-1.81M	-1.38M	-1.39M	-1.08M	-294.61K
Financing Cash Flow	1.63M	1.63M	0.00	475.00	6.84M	5.25M

Golden Deeps Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Negative
• 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:GED, the sentiment is Neutral. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.39 is Neutral, neither overbought nor oversold. The STOCH value of 51.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:GED.

Golden Deeps Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
M24	56 Neutral	AU$10.33M	-2.85	-49.72%	―	―	0.81%
GED	47 Neutral	AU$13.68M	-8.33	-8.73%	―	―	12.20%
C29	47 Neutral	AU$4.88M	-0.71	-126.15%	―	―	24.09%
TMS	45 Neutral	AU$9.59M	-6.67	-16.39%	―	―	69.39%
ACS	44 Neutral	AU$23.99M	-5.21	-204.45%	―	―	-11.90%
AQX	38 Underperform	AU$19.59M	-3.61	-110.65%	―	―	32.08%

Golden Deeps Limited Corporate Events

Golden Deeps Pushes High-Grade Namibian Critical Metals Play with Strong Sampling and Fresh Funding

Golden Deeps has advanced exploration at its Graceland prospect within the Central Otavi Project in northern Namibia, reporting spectacular high-grade channel sampling results for copper, silver, zinc, lead and germanium from newly defined gossan outcrops over a mineralised corridor now extended to about 3km in strike. The company has begun diamond drilling beneath these key gossans using a newly acquired portable rig, completed a detailed IP-resistivity survey over most of the corridor to generate deeper “Tsumeb-type” critical metals sulphide targets, and is preparing a larger-scale drilling program after the wet season, supported by a $3.54 million capital raising that leaves it with more than $5 million in cash to sustain its aggressive Namibian exploration strategy.

The most recent analyst rating on (AU:GED) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Golden Deeps Limited stock, see the AU:GED Stock Forecast page.

Golden Deeps Starts Drilling High-Grade Graceland Gossans in Namibia

Golden Deeps has begun shallow diamond drilling at its Graceland Prospect in central Namibia, using a newly acquired man-portable rig to test beneath high-grade gossan and sulphide outcrops that have returned exceptional rockchip and channel sample grades of copper, silver, zinc, lead, germanium and antimony along a 2.5km by 1km mineralised corridor. The initial hole at the Gossan 1 East zone has already intersected highly mineralised core, while the company has completed an extensive IP-resistivity survey over most of the corridor, engaged an independent expert to review and model chargeability and resistivity anomalies, and is preparing a deeper drilling program aimed at defining Tsumeb-style critical metals sulphide targets, supported by ongoing soil and rockchip sampling that has extended the prospective strike to about 3km.

Golden Deeps Limited Issues New Shares and Options

Golden Deeps Limited has announced the issuance of 6,600,000 fully paid ordinary shares and 50,281,425 listed options, following approvals at their Annual General Meeting. This move, conducted without disclosure to investors under specific provisions of the Corporations Act, aligns with the company’s compliance with regulatory requirements, potentially impacting its market liquidity and investor interest.

Golden Deeps Limited Announces Quotation of New Securities

Golden Deeps Limited has announced the application for quotation of 6,600,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code GED. This issuance is part of previously announced transactions and reflects the company’s ongoing efforts to enhance its market presence and operational capabilities.

Golden Deeps Limited Announces Quotation of New Securities

Golden Deeps Limited has announced the quotation of 50,281,425 new securities on the Australian Securities Exchange (ASX) under the code GEDO. These securities, which are options expiring on October 31, 2029, were issued as part of previously announced transactions. This move is likely to enhance the company’s market presence by increasing the liquidity of its securities and potentially attracting more investors.

Golden Deeps Limited Secures Shareholder Approval for Key Resolutions

Golden Deeps Limited announced that all resolutions at their General Meeting were passed following a poll of shareholder votes. Key resolutions included the re-election of a director, approval of mandates and issuance of shares and options, reflecting strong shareholder support for the company’s strategic initiatives. This outcome is likely to positively impact the company’s operational capabilities and market positioning, reinforcing confidence among stakeholders.

Golden Deeps Limited Announces 2025 AGM Details

Golden Deeps Limited has announced the scheduling of its Annual General Meeting (AGM) for November 28, 2025, in West Perth, Western Australia. Shareholders are encouraged to participate either in person or by proxy, with voting eligibility determined by shareholder registration as of November 26, 2025. The company emphasizes the importance of the meeting for shareholders and provides instructions for accessing the Notice of Meeting electronically, highlighting a shift towards digital communication.