Golden Deeps Limited (GED) AI Stock Analysis

• Market Cap: AU$12.54M
• 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: 48 Neutral
• Price Target: AU$0.05 ▼(-13.33% Downside)
• Action: Reiterated Date: 03/06/26
• Date: Action: Reiterated 03/06/26

The score is held down primarily by persistent losses and ongoing negative operating/free cash flow, indicating continued cash burn and weak financial performance. Technicals provide a partial offset as the price is above major moving averages with mildly positive momentum. Valuation remains constrained by negative earnings and the absence of a dividend yield.

Positive Factors

Debt-free balance sheet

A zero-debt capital structure materially lowers refinancing and interest-rate risk and preserves financial optionality. Over the next 2–6 months this reduces the need for immediate external financing, giving management time to focus on operational fixes or source equity on less strained terms.

Sizable equity cushion

A meaningful equity base relative to company scale provides a buffer against ongoing losses and cash burn. This structural cushion supports near-term solvency, enables continued operations or project work, and lowers the probability of urgent distress-driven dilution within a multi-month horizon.

Very high gross margins

Consistently high gross profit implies favorable product economics or negligible COGS, a durable structural advantage. If management can rein in operating expenses, these unit economics make a pathway to profitability attainable over several quarters without needing large revenue scale.

Negative Factors

Sustained negative cash flow

Persistent negative operating and free cash flow signals ongoing cash burn that will steadily deplete the equity cushion absent new capital or material margin improvement. Over 2–6 months this constrains investment, heightens fundraising needs, and increases dilution or operational cutback risk.

Chronic unprofitability

Repeated multi-year losses and severely negative margins show operations are not covering fixed costs. This structural profitability gap erodes returns and makes the business dependent on external funding or transformational cost cuts, raising medium-term sustainability concerns.

Small, volatile and declining revenue

Low and inconsistent top-line revenue reduces operating leverage and makes fixed costs a heavier burden. A recent revenue decline highlights fragile demand or execution issues; without steadier revenue growth the company will struggle to convert high gross margins into profitable operations.

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

Weak operating fundamentals dominate: revenue is very small and volatile with a decline in 2025, losses persist across 2020–2025 with deeply negative margins, and operating/free cash flow are negative every year (sustained cash burn). The main offset is a conservative, debt-free balance sheet with supportive equity, which reduces financial risk despite negative returns on equity.

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	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: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Positive
• 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 Positive. 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 bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 53.23 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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%
C29	50 Neutral	AU$4.88M	-1.02	-380.56%	―	―	24.09%
GED	48 Neutral	AU$12.54M	-7.05	-8.28%	―	―	12.20%
TMS	45 Neutral	AU$7.46M	-4.42	-13.39%	―	―	69.39%
M24	45 Neutral	AU$6.78M	-3.69	-22.17%	―	―	0.81%
ACS	44 Neutral	AU$20.56M	-2.41	-84.62%	―	―	-11.90%
AQX	38 Underperform	AU$20.21M	-1.52	-88.63%	―	―	32.08%

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.

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.