Middle Island Resources Limited (MDI) AI Stock Analysis

• Market Cap: €6.74M
• Dividend Yield: N/A
• Average Volume (3M): 470.93K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.58
• Revenue Growth: N/A
• EPS Growth: 70.43%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 293,233,980
• 10 Day Avg. Volume: 110,663
• 30 Day Avg. Volume: 470,929
• PEG Ratio: 1.09
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.55
• 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

• Rating: 50 Neutral
• Price Target: ―

Middle Island Resources Limited has strong equity management with no debt, which is a notable strength. However, persistent operational losses, negative cash flow, and a negative P/E ratio are significant concerns impacting the stock's overall attractiveness. Technical analysis suggests the stock is stable but lacks momentum indicators to provide further insights.

Middle Island Resources Limited Business Overview & Revenue Model

Company Description

Middle Island Resources Limited (MDI) is an Australian-based company primarily engaged in the exploration and development of mineral resources. Focused on gold exploration, the company operates key projects in Western Australia and other regions, aiming to discover and develop economically viable mineral deposits. Its core activities include the acquisition, exploration, and development of mineral tenements.

How the Company Makes Money

Middle Island Resources Limited generates revenue through its exploration and development activities, primarily focusing on gold resources. The company makes money by discovering commercially viable gold deposits, which can then be developed into operational mines. Revenue is generated through the sale of gold extracted from these mines, either directly or through joint ventures with other mining companies. Additionally, MDI may engage in strategic partnerships, joint ventures, or sell stakes in its projects to finance further exploration and development activities, which can also be a source of income. The company's earnings are significantly influenced by gold prices, exploration success, and the ability to efficiently manage project development costs.

Middle Island Resources Limited Financial Statement Overview

Summary

Middle Island Resources Limited exhibits strong equity management with no debt, but it struggles with operational profitability and cash flow generation. The company faces significant challenges in achieving positive margins and cash flow, which could impact long-term sustainability unless addressed.

Income Statement

The company has shown some revenue growth over the years, but it remains minimal and inconsistent. Gross profit margin is positive, yet net profit margin remains negative due to significant operating losses. The EBIT and EBITDA margins are also negative, indicating ongoing operational challenges.

Balance Sheet

The company maintains a strong equity position with no debt, resulting in a favorable debt-to-equity ratio. However, the return on equity is negative due to persistent net losses. The equity ratio is strong, showing a good proportion of equity in total assets.

Cash Flow

The company faces challenges in generating positive operating cash flow. Free cash flow is consistently negative, and the operating cash flow to net income ratio indicates inefficiencies in converting net income into cash flow. The cash position is supported by financing activities, indicating reliance on external funding.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	173.90K	69.98K	32.14K	115.32K	5.48K	14.76K
Gross Profit	173.90K	69.98K	-1.77K	111.18K	-29.06K	14.76K
EBITDA	-1.60M	-1.63M	-5.26M	-3.51M	-6.61M	-3.12M
Net Income	-1.62M	-1.66M	-5.30M	-5.32M	-6.82M	-3.17M
Balance Sheet
Total Assets	3.47M	4.12M	3.98M	9.31M	7.33M	8.87M
Cash, Cash Equivalents and Short-Term Investments	2.66M	3.35M	2.78M	4.99M	3.56M	5.19M
Total Debt	0.00	0.00	0.00	13.95K	69.84K	96.98K
Total Liabilities	113.01K	151.52K	106.98K	146.45K	1.80M	2.28M
Stockholders Equity	3.36M	3.97M	3.87M	9.17M	5.53M	6.59M
Cash Flow
Free Cash Flow	-2.19M	-1.87M	-5.16M	-3.35M	-7.11M	-2.52M
Operating Cash Flow	-2.13M	-1.87M	-5.16M	-3.27M	-7.11M	-2.50M
Investing Cash Flow	1.23M	-179.95K	585.00	4.91M	-509.42K	204.74K
Financing Cash Flow	805.91K	1.09M	0.00	0.00	5.58M	6.54M

Middle Island Resources Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 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:MDI, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 58.46 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MDI.

Middle Island Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GMD	76 Outperform	AU$4.91B	38.20	13.01%	―	125.45%	―
BCN	61 Neutral	AU$114.11M	10.83	-12.54%	―	-10.63%	-166.67%
MDI	50 Neutral	€6.74M	―	-43.12%	―	―	70.43%
Sector *	43 Neutral	AU$1.38B	-6.10	-40.62%	4.17%	-4.78%	-43.21%
HRN	36 Underperform	AU$81.11M	―	-1.69%	―	―	79.79%

Middle Island Resources Limited Corporate Events

Middle Island Resources Appoints New Director with Significant Shareholding

Middle Island Resources Limited has announced the appointment of Daniel Raihani as a director, effective from April 7, 2025. Raihani holds a significant interest in the company, with 34,500,000 fully paid ordinary shares registered under his name and through 7 Enterprises Pty Ltd. This appointment may impact the company’s governance and strategic direction, potentially influencing stakeholder interests and the company’s market positioning.

Middle Island Resources Announces Director Departure

Middle Island Resources Limited has announced the cessation of Peter Sisley Thomas as a director, effective April 7, 2025. The notice details his interests in securities, including both direct and indirect holdings of quoted fully paid ordinary shares and unquoted options. This change in directorship may impact the company’s governance and strategic direction, potentially affecting stakeholders’ interests.

Middle Island Resources Announces Board Reshuffle

Middle Island Resources Limited announced the successful passing of Resolutions 1 and 2 at their recent general meeting, resulting in the appointment of Daniel Raihani and Bill Richie Yang as new directors. This change follows the voluntary resignation of former directors Peter Thomas and Bruce Stewart, whose contributions were acknowledged by the company. The board changes are expected to influence the company’s strategic direction and leadership dynamics.

Middle Island Resources Limited Releases Interim Financial Report for 2024

Middle Island Resources Limited has released its interim financial report for the half-year ended 31 December 2024. The report is intended to be read in conjunction with the company’s annual report and any public announcements made during the interim period, in compliance with the Corporations Act 2001. This release provides stakeholders with updated financial information, reflecting the company’s ongoing commitment to transparency and regulatory compliance.

Middle Island Resources Lists New Securities on ASX

Middle Island Resources Limited has announced the quotation of 2,442,910 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of February 28, 2025. This move is part of the company’s strategy to enhance its capital structure and potentially improve its market liquidity, which could have positive implications for its stakeholders and market positioning.

Middle Island Resources Faces Board Restructure Request

Middle Island Resources Limited has received a notice from shareholder 7 Enterprises Pty Ltd, which holds over 5% of the company’s voting shares, requesting a general meeting to consider changes in the board of directors. The proposed resolutions include the appointment of Daniel Raihani and Bill Richie Yang as directors and the removal of current directors Peter Thomas and Bruce Stewart. The company is evaluating the validity of the notice and will keep shareholders informed of further developments. This request signifies potential changes in the company’s governance structure, which could influence its strategic direction and stakeholder interests.