Golden Deeps Limited (GED) AI Stock Analysis

• Market Cap: AU$11.17M
• Dividend Yield: N/A
• Average Volume (3M): 1.09M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.91
• 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: 45 Neutral
• Price Target: AU$0.05 ▼(-20.00% Downside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is primarily weighed down by persistent losses and worsening cash burn, despite the mitigating benefit of a debt-free balance sheet. Technical signals are mostly neutral with price below key moving averages, and valuation is constrained by negative earnings and no dividend yield data.

Positive Factors

Debt-free balance sheet

Zero leverage materially reduces insolvency and interest-rate risk, giving the company durable financial flexibility. For an early-stage explorer, operating without debt preserves optionality to progress projects, absorb exploration setbacks and time capital raises to strategic milestones over months.

Recent capital raise and cash buffer

Fresh funding and a >$5m cash position provide a measurable runway to execute planned larger-scale drilling and IP-target testing in Namibia. This reduces near-term funding pressure and supports delivery of catalysts such as drill results and resource definition over the next several months.

Experienced finance leadership

Adding a veteran resources-sector CFO strengthens governance, financial planning and capital markets access. That durable improvement can improve capital allocation, JV negotiations and investor credibility—critical for funding multi-stage exploration and progressing projects toward development.

Negative Factors

Persistent negative cash flow

Consistent and worsening operating cash outflows create a structural funding requirement: the company must repeatedly raise capital or secure partners to continue exploration. Over months this elevates dilution risk and can constrain program continuity if markets or partner interest cool.

Very small and declining revenue

A shrinking revenue base indicates the business has yet to commercialize assets and cannot self-fund operations. This persistent lack of revenue sustains reliance on external funding and means operational leverage is negative until material resource sales or JV income are secured.

Negative returns and dilution risk

Ongoing losses depress ROE and shareholder value, making future capital raises more likely and potentially dilutive. Over a 2-6 month horizon repeated dilution or equity-dependent financing can weaken investor alignment and limit the company's ability to negotiate favourable partner terms.

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.

Golden Deeps Limited Financial Statement Overview

Summary

Income statement and cash flow are very weak: revenue is small and declined in 2025, losses are deep with no clear improvement, and operating/free cash flow remain negative with worsening cash burn. Offsetting this, the balance sheet is conservatively financed with no debt and a meaningful equity base, reducing near-term solvency risk.

Income Statement

Revenue remains very small in absolute terms and declined in the latest year (2025 revenue down ~18% after modest growth in 2024). Profitability is consistently weak, with ongoing operating losses and a deeply negative bottom line (2025 net margin around -667%), reflecting a cost base that is far larger than the company’s current revenue capacity. A positive is that gross profit is high as a share of revenue, but the operating expense burden dominates and there is no clear sign yet of sustained earnings improvement.

Balance Sheet

The balance sheet is conservatively financed with no debt reported across periods, which reduces financial risk and interest burden. Equity remains sizable (about 13.1M in 2025), supporting ongoing operations; however, losses continue to erode returns, with return on equity staying negative (roughly -8% in 2025). Overall, liquidity/solvency risk appears low due to zero leverage, but the main weakness is persistent value dilution from recurring losses.

Cash Flow

Cash generation is weak, with operating cash flow negative in every year shown and worsening in 2025 versus 2024. Free cash flow is also consistently negative and deteriorated in 2025 (more cash burn), indicating continued funding needs. While free cash flow is sometimes less negative than net income (suggesting non-cash charges help accounting losses), the business still consumes cash and lacks a demonstrated path to self-funding operations.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	57.44K	162.37K	207.52K	198.84K	1.03K	25.81K
Gross Profit	51.07K	162.37K	207.52K	189.43K	1.03K	25.81K
EBITDA	-939.63K	-839.64K	-795.00K	-684.00K	-1.29M	-676.54K
Net Income	-1.09M	-1.08M	-950.00K	-686.00K	-1.27M	-665.51K
Balance Sheet
Total Assets	16.22M	13.01M	11.56M	12.14M	13.12M	7.32M
Cash, Cash Equivalents and Short-Term Investments	5.08M	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	301.13K	137.00K	308.91K	116.45K	134.22K	239.77K
Stockholders Equity	16.13M	13.12M	11.71M	12.46M	13.35M	7.40M
Cash Flow
Free Cash Flow	-1.28M	-2.54M	-1.97M	-2.01M	-1.87M	-2.90M
Operating Cash Flow	-879.41K	-973.95K	-589.38K	-617.76K	-787.47K	-2.62M
Investing Cash Flow	-1.19M	-1.81M	-1.38M	-1.39M	-1.08M	-294.61K
Financing Cash Flow	3.27M	1.63M	0.00	475.00	6.84M	5.25M

Golden Deeps Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 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 Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.73 is Neutral, neither overbought nor oversold. The STOCH value of 24.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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%
GED	45 Neutral	AU$11.17M	-7.05	-8.28%	―	―	12.20%
TMS	45 Neutral	AU$6.40M	-4.42	-13.39%	―	―	69.39%
M24	45 Neutral	AU$6.44M	-3.69	-22.17%	―	―	0.81%
AQX	45 Neutral	AU$19.25M	-1.52	-88.63%	―	―	32.08%
ACS	44 Neutral	AU$20.56M	-2.41	-84.62%	―	―	-11.90%
C29	42 Neutral	AU$4.35M	-1.02	-380.56%	―	―	24.09%

Golden Deeps Limited Corporate Events

Golden Deeps appoints veteran resources executive as new CFO and joint company secretary

Golden Deeps Ltd has appointed experienced finance executive and Chartered Accountant Jeff Dawkins as Chief Financial Officer and Joint Company Secretary, effective immediately. Dawkins brings more than 25 years’ experience in senior finance and commercial roles across ASX-listed resource companies, primarily in the gold sector, and holds business and applied finance qualifications.

He replaces outgoing CFO and Company Secretary Michael Muhling, who has resigned after four years to pursue other opportunities. Chief executive Jon Dugdale said the board expects Dawkins’ extensive resources-sector background to support advancing the company’s portfolio of critical and precious metals projects toward the next stages of discovery and potential development.

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 issues interim financial report for half year to 31 December 2025

Golden Deeps Limited has released its interim financial report for the half year ended 31 December 2025, providing shareholders with updated consolidated financial statements. The report package includes the directors’ report, auditor’s independence declaration, profit or loss and other comprehensive income statement, financial position, changes in equity, cash flows, notes, directors’ declaration, and the independent auditor’s review.

This interim release mainly serves a compliance and transparency function, outlining the company’s financial reporting for the period rather than announcing new transactions or strategic initiatives. Stakeholders will use these documents to assess the company’s recent financial performance, governance oversight, and audit review outcomes, but the provided excerpt contains no specific financial metrics or operational commentary.

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 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.