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Mt Malcolm Mines NL (AU:M2M)
ASX:M2M
Australian Market

Mt Malcolm Mines NL (M2M) AI Stock Analysis

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AU:M2M

Mt Malcolm Mines NL

(Sydney:M2M)

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Neutral 49 (OpenAI - 4o)
Rating:49Neutral
Price Target:
AU$0.01
▲(40.00% Upside)
The overall stock score is primarily influenced by financial performance and technical analysis. While the company has shown strong revenue growth and a stable balance sheet, cash flow challenges and high valuation metrics weigh negatively on the score. Technical indicators suggest weak market momentum, further impacting the overall assessment.
Positive Factors
Revenue Growth
The substantial revenue growth indicates strong market demand and successful expansion efforts, positioning the company well for future profitability.
Balance Sheet Health
A low debt-to-equity ratio reflects a stable financial position, providing the company with flexibility to invest in growth opportunities without significant financial risk.
Profitability
Strong gross and net profit margins suggest effective cost management and pricing strategies, contributing to sustainable profitability and competitive advantage.
Negative Factors
Cash Flow Challenges
Persistent cash flow issues could hinder the company's ability to fund operations and growth initiatives, potentially impacting long-term financial health.
Operational Efficiency
Low operational margins indicate inefficiencies that could limit profitability improvements, necessitating strategic efforts to enhance operational performance.
Cash Generation Ability
Limited cash generation from operations relative to net income suggests challenges in converting earnings into cash, impacting liquidity and growth potential.

Mt Malcolm Mines NL (M2M) vs. iShares MSCI Australia ETF (EWA)

Mt Malcolm Mines NL Business Overview & Revenue Model

Company DescriptionMt Malcolm Mines NL operates as a gold exploration company in Australia. The company holds 100% interests in the Malcolm project with 151 tenements covering an area of 274 square kilometers located in Western Australia. Mt Malcolm Mines NL was incorporated in 2020 and is based in Perth, Australia.
How the Company Makes MoneyMt Malcolm Mines NL generates revenue primarily through the exploration, extraction, and sale of gold. The company invests in mineral exploration to identify viable mining sites, followed by the development of these sites into operational mines. Revenue is derived from the sale of extracted gold to various buyers, including gold traders and jewelry manufacturers. Key revenue streams may also include any agreements for joint ventures or partnerships with larger mining firms that provide additional resources and expertise. The company may benefit from fluctuations in gold prices, and strategic partnerships can enhance its ability to capitalize on market opportunities.

Mt Malcolm Mines NL Financial Statement Overview

Summary
Mt Malcolm Mines NL has shown a significant revenue growth rate of 20427.52%, indicating strong recovery and expansion. The gross profit margin of 51.83% and a positive net profit margin of 2.10% reflect improved profitability. However, low EBIT and EBITDA margins suggest room for operational efficiency improvements. The balance sheet is stable with low leverage, but cash flow challenges persist, impacting future growth and operational flexibility.
Income Statement
65
Positive
Mt Malcolm Mines NL has shown a remarkable turnaround in its income statement with a significant revenue growth rate of 20427.52% in the latest year, indicating a strong recovery and expansion. The gross profit margin of 51.83% and a positive net profit margin of 2.10% reflect improved profitability. However, the EBIT and EBITDA margins are relatively low at 4.58% and 12.94%, respectively, suggesting room for operational efficiency improvements.
Balance Sheet
70
Positive
The company's balance sheet is stable with a low debt-to-equity ratio of 0.04, indicating conservative leverage. The return on equity is modest at 0.29%, reflecting limited profitability relative to equity. The equity ratio is strong, suggesting a solid capital structure with equity financing predominating over debt.
Cash Flow
50
Neutral
Cash flow analysis reveals challenges, with a negative free cash flow growth rate of -115.67%, indicating cash flow issues. The operating cash flow to net income ratio is 0.20, suggesting limited cash generation from operations relative to net income. However, the free cash flow to net income ratio of 0.81 indicates some ability to convert income into free cash flow.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.45M1.45M14.17K0.000.000.00
Gross Profit753.96K753.96K-93.89K-90.78K-38.89K-8.49K
EBITDA188.26K188.26K-1.07M-1.24M-1.33M-2.92M
Net Income30.58K30.58K-1.18M-1.33M-1.37M-2.93M
Balance Sheet
Total Assets11.88M11.88M9.37M7.88M8.78M2.38M
Cash, Cash Equivalents and Short-Term Investments931.35K931.35K640.35K743.90K4.65M431.46K
Total Debt428.56K428.56K254.07K76.51K105.47K131.12K
Total Liabilities1.21M1.21M1.23M463.41K595.32K718.21K
Stockholders Equity10.67M10.67M8.14M7.42M8.18M1.67M
Cash Flow
Free Cash Flow197.91K197.91K-2.53M-4.39M-3.32M-1.18M
Operating Cash Flow243.91K243.91K-881.47K-877.34K-1.22M-386.16K
Investing Cash Flow-2.06M-2.06M-1.64M-3.52M-2.10M-500.66K
Financing Cash Flow2.11M2.11M2.43M480.08K7.54M1.63M

Mt Malcolm Mines NL Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.01
Price Trends
50DMA
0.02
Negative
100DMA
0.02
Negative
200DMA
0.02
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
31.48
Neutral
STOCH
-50.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:M2M, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 31.48 is Neutral, neither overbought nor oversold. The STOCH value of -50.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:M2M.

Mt Malcolm Mines NL Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
50
Neutral
AU$8.63M
49
Neutral
AU$6.46M120.000.33%
44
Neutral
AU$13.19M-0.80-62.79%-40.85%
41
Neutral
AU$13.07M-10.00-10.51%15.38%
38
Underperform
AU$19.21M-2.57-60.89%77.62%
30
Underperform
AU$6.71M-3.70-237.50%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:M2M
Mt Malcolm Mines NL
0.01
-0.01
-50.00%
AU:PRX
Prodigy Gold NL
0.06
<0.01
20.00%
AU:ALY
Alchemy Resources Limited
0.01
<0.01
10.00%
AU:AUV
Sipa Resources Limited
0.01
-0.01
-50.00%
AU:NME
Nex Metals Explorations Ltd
0.02
-0.02
-50.00%
AU:GMN
Gold Mountain Limited
0.07
-0.03
-30.00%

Mt Malcolm Mines NL Corporate Events

Mt Malcolm Mines NL Director Increases Stake Through Rights Issue
Dec 2, 2025

Mt Malcolm Mines NL has announced a change in the director’s interest, specifically involving Robert Downey, who has increased his indirect interest in the company through the Downey Superannuation Fund and his spouse, Mrs. S. Downey. This change reflects the director’s participation in a rights issue, resulting in a significant increase in the number of fully paid ordinary shares and listed options held, potentially enhancing the director’s influence and investment in the company’s future growth.

Mt Malcolm Mines NL Announces Cessation of Performance Rights
Nov 28, 2025

Mt Malcolm Mines NL has announced the cessation of 800,000 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This development may impact the company’s capital structure and could influence stakeholder perceptions regarding the company’s ability to meet performance targets.

Mt Malcolm Mines NL Issues 400,000 New Shares
Nov 28, 2025

Mt Malcolm Mines NL, a company listed on the Australian Securities Exchange, has issued 400,000 fully paid ordinary shares following the exercise of performance rights. This move, compliant with the Corporations Act 2001, signifies the company’s adherence to regulatory standards and may impact its market position by potentially increasing investor interest.

Mt Malcolm Mines NL Announces Quotation of New Securities on ASX
Nov 28, 2025

Mt Malcolm Mines NL has announced the application for the quotation of 400,000 fully paid ordinary securities on the Australian Securities Exchange (ASX), with the issue date set for November 28, 2025. This move is part of the company’s strategy to enhance its financial flexibility and potentially expand its operations, which could have significant implications for its market positioning and stakeholder interests.

Mt Malcolm Mines NL Securities Reinstated on ASX
Nov 25, 2025

Mt Malcolm Mines NL has announced that its securities, under the security class code M2MOA, will be reinstated to quotation on the ASX following compliance with Listing Rule 2.5. This reinstatement is expected to enhance the company’s visibility and accessibility in the market, potentially impacting its operations and stakeholder engagement positively.

Mt Malcolm Mines NL Holdings Concentration Revealed
Nov 25, 2025

Mt Malcolm Mines NL has released a holdings range report for its listed options, which are set to expire on November 25, 2028, priced at $0.0140 per security. The report highlights that a significant portion of the issued capital, 99.26%, is held by 131 holders with over 100,000 units each, indicating a concentrated ownership structure. This distribution may impact the company’s market dynamics and stakeholder engagement strategies.

Mt Malcolm Mines NL Reveals Top Holders of Listed Options
Nov 25, 2025

Mt Malcolm Mines NL has released a report detailing the top 20 holders of its listed options, which are set to expire in November 2028. The report highlights that Trevor Dixon holds the largest percentage of options at 13.91%, followed by Rookharp Capital Pty Limited with 7.85%. This information provides insight into the distribution of ownership among key stakeholders, which could influence the company’s strategic decisions and market perception.

Mt Malcolm Mines NL Announces Quotation of New Securities
Nov 25, 2025

Mt Malcolm Mines NL has announced the quotation of 50 million ordinary fully paid securities and 53.75 million options expiring in November 2028 on the Australian Securities Exchange (ASX). This move is part of previously announced transactions and could potentially enhance the company’s financial standing and liquidity, offering more opportunities for investment and growth.

Mt Malcolm Mines NL Announces Quotation of New Securities on ASX
Nov 25, 2025

Mt Malcolm Mines NL has announced the quotation of new securities on the Australian Securities Exchange (ASX), with a total of 155,340,056 ordinary fully paid shares and 166,990,561 options expiring in November 2028. This move is part of previously announced transactions and is expected to impact the company’s financial positioning by potentially increasing its capital base, thereby supporting its ongoing exploration and development activities.

Mt Malcolm Mines NL Announces Successful Capital Raise and New Share Placement
Nov 21, 2025

Mt Malcolm Mines NL announced a successful capital raise through its recent offer, receiving excess demand from investors. In response, the company is offering a placement of up to 50 million shares at $0.015 each, raising up to $750,000, with one free option per share. This move aims to strengthen the company’s financial position and expand its issued capital, potentially impacting its control dynamics and market operations.

Mt Malcolm Mines NL Raises Over $3 Million to Boost Gold Exploration
Nov 21, 2025

Mt Malcolm Mines NL has successfully completed a renounceable rights issue, raising $2.3 million, which was strongly oversubscribed, indicating strong shareholder and investor confidence. In response to additional demand, the company will proceed with a follow-on placement to raise an additional $750,000, bringing the total raised to over $3 million. The funds will be used to accelerate exploration and drilling programs at the Malcolm Gold Project, advance mining studies, and strengthen the company’s financial position. This capital raising positions Mt Malcolm Mines to aggressively pursue its growth and exploration strategies, with the support of both existing and new investors.

Mt Malcolm Mines NL Secures Shareholder Approval for Key Resolutions
Nov 20, 2025

Mt Malcolm Mines NL, an Australian mining company, held its Annual General Meeting on November 20, 2025, where all resolutions on the agenda were approved by a poll. Key resolutions included the adoption of the Remuneration Report, re-election of a director, approval of a 10% placement facility, potential share issue, and renewal of proportional takeover provisions. These approvals reflect strong shareholder support and strategic positioning for future growth.

Mt Malcolm Mines NL Suspends M2MOA Securities
Nov 11, 2025

Mt Malcolm Mines NL has announced the immediate suspension of its M2MOA class securities from quotation under Listing Rule 17.3.4, pending compliance with Listing Rule 2.5. This suspension is specific to the M2MOA class and does not affect other quoted securities of the company, potentially impacting stakeholders holding this specific class of securities.

Mt Malcolm Mines NL Announces Investor Webinar for Company Update
Nov 11, 2025

Mt Malcolm Mines NL, a company listed on the Australian Securities Exchange (ASX) under the ticker M2M, is hosting a webinar for shareholders and investors. The webinar, led by Managing Director Trevor Dixon, aims to provide an update on the company’s activities, reflecting its commitment to transparency and stakeholder engagement.

Mt Malcolm Mines NL Launches Pro-Rata Rights Issue to Raise $2.33 Million
Nov 4, 2025

Mt Malcolm Mines NL has announced the dispatch of its Prospectus and Entitlement and Acceptance Form for a renounceable pro-rata rights issue to eligible shareholders. The offer allows shareholders to purchase one new share for every two existing shares at a price of 1.5 cents per share, with a free-attaching option exercisable at 3 cents. This initiative aims to raise approximately $2.33 million before costs, potentially impacting the company’s financial position and offering growth opportunities for stakeholders.

Mt Malcolm Mines NL Initiates Trading for Renounceable Rights Issue
Oct 29, 2025

Mt Malcolm Mines NL has announced the commencement of trading for its Renounceable Rights Issue under the ASX code M2MR. This initiative allows shareholders the flexibility to either take up their entitlements fully, partially, or sell them on the market, thereby providing an opportunity to realize value. The rights trading will conclude on November 11, 2025, offering stakeholders a strategic option to manage their investments.

Mt Malcolm Mines NL Announces Proposed Securities Issue
Oct 27, 2025

Mt Malcolm Mines NL has announced a proposed issue of securities, including 155,340,055 listed options exercisable at $0.03, expiring three years from the date of issue. This move is part of a standard pro rata issue and a placement, with the offer closing on November 18, 2025, and the issue date set for November 25, 2025. The announcement indicates the company’s efforts to raise capital, which could impact its operational capabilities and market positioning.

Mt Malcolm Mines NL Launches Entitlement Issue to Raise Capital
Oct 27, 2025

Mt Malcolm Mines NL has announced a pro-rata renounceable entitlement issue, offering 1 share for every 2 shares held at an issue price of $0.015 per share, aiming to raise up to $2,330,101. This offer includes a free attaching option for every share subscribed, exercisable at $0.03 each within three years, and is partially underwritten by Mahe Capital Pty Ltd, highlighting a strategic move to bolster the company’s financial position.

Mt Malcolm Mines NL Announces $2.3 Million Rights Issue to Boost Gold Project
Oct 27, 2025

Mt Malcolm Mines NL is launching a renounceable rights issue to raise up to $2.3 million, priced at 1.5 cents per share, offering a 25% discount to the last trading price. The funds will be used to advance exploration at the Malcolm Gold Project, strengthen the company’s balance sheet, and pursue growth opportunities, with the issue partially underwritten by Mahe Capital Pty Ltd.

Mt Malcolm Mines NL Announces 2025 Annual General Meeting
Oct 22, 2025

Mt Malcolm Mines NL has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 20, 2025, in Perth, Western Australia. Shareholders are encouraged to participate by attending in person or voting via proxy, with instructions provided for online and physical submissions. This meeting is crucial for stakeholders to discuss company matters, and shareholders are advised to review the Notice of Meeting thoroughly and consult professional advisers if needed.

Mt Malcolm Mines Reports Promising Gold Intersections at Picnic South
Oct 15, 2025

Mt Malcolm Mines NL has reported promising assay results from its recent reverse-circulation drilling program at the Picnic South Gold Prospect, part of the Sunday Picnic trend within the Malcolm Project in Western Australia. The results indicate multiple broad gold intersections, with standout peaks of 4.5 g/t Au, confirming continuous mineralisation along a 700m strike. This development, coupled with current high gold prices, suggests strong economic potential for low-cost open pit mining, supporting ongoing exploration and future project development.

Mt Malcolm Mines NL General Meeting: All Resolutions Passed
Oct 8, 2025

Mt Malcolm Mines NL, a company involved in the mining sector, held its General Meeting on 8 October 2025, where all resolutions on the agenda were passed by a poll. The meeting focused on the ratification of prior share placements and the approval to issue lead manager options, indicating strong shareholder support for the company’s recent financial activities.

Mt Malcolm Mines NL Advances Malcolm Gold Project with JORC Resource Estimation
Sep 28, 2025

Mt Malcolm Mines NL has initiated a comprehensive data review and JORC (2012) Mineral Resource Estimation for its Malcolm Gold Project, following successful drilling and bulk sampling activities. This initiative, involving over 4,600 meters of recent drilling and significant bulk sampling outcomes, aims to establish a robust geological framework and potential resource base. The project’s strategic location near major gold deposits enhances its potential, marking a pivotal step in its development. The engagement of Dr. Spero Carras for technical evaluation underscores the company’s commitment to advancing its resource evaluation and strengthening its position in the gold mining industry.

Mt Malcolm Mines NL Upholds Strong Corporate Governance in 2025
Sep 24, 2025

Mt Malcolm Mines NL has released its Corporate Governance Statement for 2025, emphasizing its adherence to the ASX Corporate Governance Council’s Principles and Recommendations. The company is dedicated to ensuring that its executive management operates with ethics and integrity, complies with all applicable laws, and continually reviews its governance framework to meet obligations. This commitment is aimed at safeguarding shareholder interests and managing business risks effectively.

Mt Malcolm Mines NL Releases 2025 Annual Report
Sep 24, 2025

Mt Malcolm Mines NL has released its annual report for the year ending June 2025. The report includes comprehensive financial statements and a review of operations, highlighting the company’s performance over the past year. This release provides stakeholders with detailed insights into the company’s financial health, operational achievements, and strategic direction.

Mt Malcolm Mines NL Announces Director’s Interest Change
Sep 9, 2025

Mt Malcolm Mines NL has announced a change in the interests of its director, Robert Downey, as part of its compliance with ASX listing rules. The announcement details the expiration of 1,000,000 unlisted options held by Downey’s superannuation fund, with no new acquisitions or disposals of other securities. This change reflects a routine adjustment in the director’s financial interests, with no immediate impact on the company’s operations or market positioning.

Mt Malcolm Mines NL Schedules Shareholder Meeting with Emphasis on Digital Engagement
Sep 9, 2025

Mt Malcolm Mines NL has announced a general meeting for its shareholders, scheduled for October 8, 2025, in Perth, Western Australia. The company is encouraging shareholders to opt for electronic communications to reduce administrative costs, with meeting materials accessible online. This move highlights the company’s efforts to streamline operations and engage shareholders efficiently.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 03, 2025