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Gold Mountain Limited
(Sydney:GMN)
Gold Mountain Limited (GMN) vs. iShares MSCI Australia ETF (EWA)
Gold Mountain Limited Business Overview & Revenue Model
Gold Mountain Limited Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 38.01K | 0.00 | 127.93K | 788.12K | 0.00 |
| Gross Profit | 38.01K | -57.99K | -12.27K | 576.95K | -210.78K |
| EBITDA | -1.74M | -10.15M | -17.93M | -1.18M | -1.36M |
| Net Income | -3.95M | -10.21M | -18.07M | -1.39M | -1.57M |
Balance Sheet | |||||
| Total Assets | 15.86M | 11.38M | 16.02M | 29.10M | 28.17M |
| Cash, Cash Equivalents and Short-Term Investments | 865.50K | 1.30M | 660.52K | 780.28K | 1.84M |
| Total Debt | 0.00 | 0.00 | 0.00 | 44.22K | 129.55K |
| Total Liabilities | 183.55K | 263.89K | 325.43K | 1.36M | 2.74M |
| Stockholders Equity | 15.67M | 11.11M | 15.70M | 27.74M | 25.43M |
Cash Flow | |||||
| Free Cash Flow | -1.53M | -3.07M | -6.33M | -4.97M | -5.55M |
| Operating Cash Flow | -1.52M | -1.08M | -2.21M | -1.39M | -1.44M |
| Investing Cash Flow | -3.83M | -1.98M | -4.08M | -3.80M | -4.41M |
| Financing Cash Flow | 4.92M | 3.71M | 6.17M | 4.13M | 7.63M |
Gold Mountain Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$15.14B | 21.76 | 16.97% | 1.61% | 60.56% | 302.20% | |
71 Outperform | $23.59B | 20.00 | 11.01% | 3.07% | 25.11% | 28.88% | |
64 Neutral | $3.38B | ― | -0.38% | ― | 29.83% | 93.23% | |
60 Neutral | AU$1.39B | 41.67 | -5.02% | ― | 27.79% | -144.05% | |
44 Neutral | AU$671.62M | ― | -72.28% | ― | ― | -285.71% | |
44 Neutral | C$963.03M | -6.69 | -13.68% | 1.90% | 17.55% | -32.71% |
Gold Mountain Limited Corporate Events
Gold Mountain Limited has announced a significant discovery of tungsten anomalies at its Logradouro Prospect within the Seridó Belt in Northeast Brazil. This development, resulting from a strategic reassessment of geochemical data, aligns with regional mineralization trends and highlights a previously unrecognized target style. The discovery enhances Gold Mountain’s exploration portfolio, allowing the company to adjust its strategies to capitalize on the growing demand for critical minerals like tungsten. The company plans to conduct further sampling and surveys to refine drill targets, underscoring its commitment to unlocking hidden value within its tenement portfolio.
Gold Mountain Limited announced the issuance of 216,756,757 unquoted equity securities with an exercise price of $0.002 and an expiry date of May 15, 2027. This move is part of a previously announced transaction, reflecting the company’s strategic financial maneuvers to support its operational goals and potentially strengthen its position in the mining sector.
Gold Mountain Limited has announced the issuance of 216,756,757 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code GMN. This move is part of previously announced transactions and is expected to enhance the company’s capital structure, potentially impacting its market positioning and offering new opportunities for stakeholders.
Gold Mountain Limited has announced the opening of its retail entitlement offer as part of an accelerated pro rata renounceable rights issue, aiming to raise approximately $3.052 million. The offer is available to shareholders in Australia and New Zealand, with the rights trading scheduled to close on 28 April 2025, and the issue closing on 5 May 2025. This move is expected to enhance the company’s financial position and support its ongoing exploration projects.
Gold Mountain Limited has successfully closed the institutional component of its accelerated pro rata renounceable entitlement offer, raising approximately $852,000 through the subscription of around 426 million shares. The retail component of the offer is set to open on 11 April 2025 and close on 5 May 2025, with further details provided in the forthcoming Prospectus. This development marks a significant step in the company’s financing strategy, potentially enhancing its capacity to advance its exploration projects in Brazil and PNG.
Gold Mountain Limited announced a correction to the timetable of its accelerated pro rata renounceable entitlement offer. The retail offer will now open on 11 April 2025, with the prospectus and personalised entitlement forms being sent to eligible shareholders on the same date. This announcement ensures that shareholders are informed of the correct schedule, allowing them to participate in the offer as planned. The correction does not affect any other aspects of the timetable, maintaining the company’s strategic fundraising efforts to support its exploration activities.
Gold Mountain Limited has announced an update to its previous proposal regarding the issuance of securities. The update includes key dates for rights trading and the commencement of trading in new securities on a deferred settlement basis. This announcement is part of an accelerated renounceable entitlement offer, which aims to provide existing shareholders with the opportunity to purchase additional shares. The update reflects the company’s strategic efforts to raise capital and strengthen its financial position, potentially impacting its market operations and stakeholder interests.
Gold Mountain Limited has requested a trading halt on its securities pending an announcement about the institutional component of its accelerated entitlement offer. This halt is expected to last until the start of trading on April 7, 2025. The outcome of this offer could impact the company’s financial positioning and stakeholder interests, reflecting its strategic moves in the mineral exploration sector.
Gold Mountain Limited has announced a proposed issue of securities through an accelerated renounceable entitlement offer, known as a PAITREO. This initiative involves the issuance of over 1.5 billion new securities, with trading resuming on an ex-rights basis on April 7, 2025. The offer is expected to close for retail security holders on May 5, 2025, with the issue date set for May 15, 2025. This move is aimed at raising capital, potentially impacting the company’s market position and providing opportunities for stakeholders to increase their investment.
Gold Mountain Limited is offering a renounceable pro rata offer to its eligible shareholders, aiming to raise approximately $3,052,815 before issue costs by issuing up to 1,526,407,728 new shares at $0.002 per share. This offer, which is fully underwritten, includes one attaching option for every new share issued and is not available to US persons or in the United States. The offer is structured as a transaction-specific prospectus, allowing for a more concise document that focuses on the effects of the new share issuance on the company.
Gold Mountain Limited has announced a 1 for 3 pro rata accelerated renounceable entitlement offer to raise approximately $3.05 million. The offer is fully underwritten by existing shareholders and aims to issue over 1.5 billion new shares at a discounted price, with funds directed towards exploration in Brazil, license maintenance in PNG, and corporate costs. Additionally, the company has appointed Mr. Pablo Tarantini as a non-executive director, bringing extensive experience in the mining sector and international trade.
Gold Mountain Limited has announced that José Luis Manzano has become a substantial holder in the company, acquiring a significant voting power of 8.30% through 380,000,000 fully paid ordinary shares. This acquisition, facilitated through HSBC Custody Nominees (Australia) Limited, marks a notable increase in Manzano’s influence over the company’s voting shares, potentially impacting the company’s strategic decisions and stakeholder interests.
Gold Mountain Limited has announced promising results from its initial soil sampling at the Agua Boa tenement within the Lithium Valley Project in Brazil. The company identified significant lithium and LCT pathfinder anomalies, suggesting the potential for pegmatite extensions. These findings align with regional structural trends and enhance the prospectivity of the tenement. The company plans to continue its exploration efforts, including further sampling, mapping, and defining drilling targets, to unlock the lithium potential of this asset.
Gold Mountain Limited has released a presentation aimed at providing general information about the company, emphasizing its focus on niobium. The presentation is not an investment offer and does not provide comprehensive information, with the company disclaiming any liability for its use. The document also mentions the proximity of GMN’s tenements to other mining exploration companies but cautions against assuming similar results.
Gold Mountain Limited has announced promising results from its Down Under Project, where high-grade rare earth elements (REE) have been identified in stream sediment samples from the California Prospect. The findings suggest the potential for ultra-high-grade hard rock mineralization, prompting plans for further exploration through auger and sonic drilling. The company is progressing with permits and plans to conduct radiometric traversing to identify additional high-grade deposits, signaling a significant expansion of the project’s scope and potential resource definition.