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Mindax Limited (AU:MDX)
:MDX
Australian Market

Mindax Limited (MDX) AI Stock Analysis

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AU

Mindax Limited

(Sydney:MDX)

Rating:44Neutral
Price Target:
Mindax Limited's stock score is primarily impacted by its weak financial performance, with ongoing losses and reliance on external financing posing significant risks. While the technical analysis shows short-term positive trends, the lack of earnings strength and unattractive valuation metrics further weigh down the overall score.

Mindax Limited (MDX) vs. iShares MSCI Australia ETF (EWA)

Mindax Limited Business Overview & Revenue Model

Company DescriptionMindax Limited explores for mineral properties in Australia. The company operates in two segments, Gold and Iron Ore. Its principal projects are the Meekatharra gold project and Mt Forrest iron project. The company was incorporated in 2003 and is based in West Perth, Australia.
How the Company Makes MoneyMindax Limited generates revenue through the exploration, development, and potential sale or production of mineral resources. The company's key revenue streams are derived from the successful identification and advancement of mineral deposits, which can lead to partnerships, joint ventures, or direct sales of extracted materials. Additionally, Mindax may earn income through the sale of exploration rights or licenses to other entities interested in developing the resources. The company's earnings are largely influenced by commodity prices, exploration success, and strategic partnerships that facilitate the development of its mining projects.

Mindax Limited Financial Statement Overview

Summary
Mindax Limited faces significant financial challenges with ongoing losses and negative cash flows. While the company benefits from a low debt burden, its inability to generate consistent revenue and profits poses a risk to financial stability. Investors should be cautious of the company's reliance on external financing and the volatility in its financial performance.
Income Statement
30
Negative
Mindax Limited has struggled with profitability, as indicated by negative EBIT and net income over consecutive years. Revenue growth has been inconsistent, with some periods showing minimal revenue. Gross profit margins are positive due to the low cost of revenue, but overall profitability remains weak.
Balance Sheet
45
Neutral
The company maintains a solid equity position with a low level of debt, as shown by a low debt-to-equity ratio. However, the return on equity is negative due to ongoing net losses, impacting the company's ability to generate returns for shareholders.
Cash Flow
35
Negative
Operating cash flow has been consistently negative, indicating cash outflows from core operations. Free cash flow has declined significantly, and the company is reliant on external financing, as shown by positive financing cash flows in some years.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
-1.63K2.99K2.0059.96K0.009.00
Gross Profit
-121.85K-64.27K-11.46K59.96K-1.11K-1.31K
EBIT
-2.26M-2.57M-1.93M-1.15M-1.91M-586.12K
EBITDA
-2.26M-2.54M-1.91M-1.08M-1.91M-584.80K
Net Income Common Stockholders
-2.03M-2.28M-5.57M13.42M-1.13M-586.11K
Balance SheetCash, Cash Equivalents and Short-Term Investments
607.48K520.04K4.63M1.68M1.19M178.78K
Total Assets
26.01M26.73M19.32M18.98M4.25M2.62M
Total Debt
84.39K108.65K0.000.000.000.00
Net Debt
-523.09K-411.39K-4.63M-1.68M-1.19M-178.78K
Total Liabilities
2.33M2.13M273.95K360.74K396.83K1.49M
Stockholders Equity
16.90M17.68M19.05M18.62M3.85M1.13M
Cash FlowFree Cash Flow
-2.11M-4.38M-2.40M-965.54K-2.00M-386.72K
Operating Cash Flow
-1.44M-1.83M-1.44M-965.54K-1.36M-232.61K
Investing Cash Flow
238.36K-2.33M-1.00M208.51K-644.86K-154.11K
Financing Cash Flow
53.99K57.73K5.39M1.25M3.01M558.00K

Mindax Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.06
Price Trends
50DMA
0.07
Negative
100DMA
0.05
Positive
200DMA
0.05
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
26.33
Positive
STOCH
22.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MDX, the sentiment is Neutral. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.07, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 26.33 is Positive, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:MDX.

Mindax Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUGML
56
Neutral
AU$12.67M4.928.76%
AUAZY
53
Neutral
AU$425.00M-6.97%-70.31%
51
Neutral
$2.02B-1.14-21.37%3.64%2.88%-30.57%
AUGWR
47
Neutral
AU$29.77M1.4717.20%
AUMDX
44
Neutral
AU$139.92M-11.54%61.54%
AUSFX
37
Underperform
$63.17M-36.70%-320.07%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:MDX
Mindax Limited
0.06
<0.01
20.00%
AU:SFX
Sheffield Resources Limited
0.16
-0.18
-52.94%
AU:GML
Gateway Mining Limited
0.03
0.00
0.00%
AU:AZY
Antipa Minerals Limited
0.74
0.62
516.67%
AU:GWR
GWR Group Limited
0.09
0.00
0.00%

Mindax Limited Corporate Events

Mindax Limited Advances Midwest Iron Ore Hub Development
Apr 30, 2025

Mindax Limited has made significant strides in its objective to develop the Midwest into an iron ore processing hub, raising $7.75 million through a share placement and acquiring interests in Doublebell Resource Wealth and Cashmere Iron Limited. The company is advancing the Mid-West Shared Infrastructure Project, which aims to facilitate the transport of magnetite ore for export, and continues to explore partnerships for the Mt Forrest Iron Project. These developments are expected to enhance Mindax’s operational capabilities and position in the mining industry, potentially unlocking untapped value in the region’s iron ore assets.

Mindax Limited Leverages Financing to Sustain Exploration Efforts
Apr 30, 2025

Mindax Limited’s recent cash flow report for the quarter ending March 31, 2025, reveals a significant reliance on financing activities to support its operations. The company reported a net cash inflow from financing activities amounting to $8.7 million, which offset the cash outflows from operating and investing activities. This financial strategy indicates Mindax’s focus on securing funds to sustain its exploration and development efforts, impacting its operational capacity and positioning within the mining exploration sector.

Mindax Limited Addresses ASX Price Query Amid Recent Trading Activity
Apr 15, 2025

Mindax Limited has responded to an ASX price query regarding recent trading activity in its securities. The company disclosed that it has subscribed for a 5% interest in an unlisted public company with iron ore interests near its Mt Forrest Iron Project. While Mindax does not believe this information is market-sensitive, it has requested a trading halt to ensure transparency and is preparing an announcement about the subscription. The company confirms compliance with ASX Listing Rules and that its responses have been authorized by its board.

Mindax Limited Invests in Cashmere Iron to Boost Iron Resource Consolidation
Apr 15, 2025

Mindax Limited has made a strategic investment by acquiring a 5% stake in Cashmere Iron Limited, an unlisted exploration company with a significant iron project in Western Australia. This $3 million investment aligns with Mindax’s long-term strategy to consolidate iron resources in the Mid-West region, enhancing its presence and supporting the Mid-West Shared Infrastructure Project, thereby strengthening its position in the iron export industry.

Mindax Limited Initiates Trading Halt Pending Strategic Investment Announcement
Apr 14, 2025

Mindax Limited has requested a trading halt on its securities pending an announcement regarding an investment in an unlisted public company with interests near its Mt Forrest Iron Project. This move could potentially impact Mindax’s operations and market positioning by expanding its resource base, signaling strategic growth to stakeholders.

Mindax Limited Completes $7.2M Placement and Invests in Doublebell Resource Wealth
Mar 25, 2025

Mindax Limited has successfully completed a $7.2 million placement, issuing 221,028,298 shares at a 20% discount to enhance its working capital. This funding will support the development of the Mt Forrest Iron Project and allow the company to explore further opportunities in the Mid-West Iron region. Additionally, Mindax has acquired a 4.1% stake in Doublebell Resource Wealth Pty Ltd, which holds exploration licenses in the Norseman-Wiluna Greenstone Belt, known for gold prospects and the Bromus kaolin-high purity quartz deposits. This investment aligns with Mindax’s strategic objectives and could potentially enhance its resource portfolio.

Mindax Limited Announces New Share Issue for Secondary Trading
Mar 18, 2025

Mindax Limited has issued 112,690,908 fully paid ordinary shares, allowing for secondary trading under the exemption provided by section 708A(5) of the Corporations Act 2001. This move indicates compliance with regulatory requirements and ensures transparency, potentially enhancing investor confidence and market positioning.

Mindax Limited Announces Quotation of New Securities on ASX
Mar 18, 2025

Mindax Limited announced the quotation of 112,690,908 ordinary fully paid securities on the ASX, effective March 18, 2025. This move is aimed at raising funds for general working capital and issuing shares for consulting services, which could strengthen the company’s financial position and support its strategic initiatives in the mineral exploration industry.

Mindax Limited Releases Interim Financial Report for H1 2024
Mar 14, 2025

Mindax Limited has released its interim financial report for the half-year ending December 31, 2024. The report is intended to be read alongside 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 an overview of Mindax Limited’s financial performance and position during the first half of the fiscal year, although it does not include all the details typically found in a full annual report.

Mindax Limited Announces New Share Issuance for Secondary Trading
Mar 12, 2025

Mindax Limited has issued 99,975,000 fully paid ordinary shares, allowing for secondary trading under section 708A(5) of the Corporations Act 2001. This move enables the company to comply with necessary legal provisions, ensuring that the securities can be sold without disclosure, thus facilitating liquidity and potentially enhancing market confidence.

Mindax Limited Issues 11 Million Unquoted Options
Mar 10, 2025

Mindax Limited announced the issuance of 11,000,000 unquoted options with an expiration date of November 30, 2025, at an exercise price of $0.07. This issuance is part of a previously announced transaction and is not intended to be quoted on the ASX, potentially impacting the company’s capital structure and providing additional financial flexibility.

Mindax Limited Issues 25 Million Options to Align Interests and Conserve Resources
Mar 10, 2025

Mindax Limited has announced the issuance of 25,000,000 unlisted options to its directors, employees, consultants, and contractors. This move aims to align the interests of directors with shareholders and conserve cash resources while providing incentives for the development of the Mt Forrest project. The options, which will be issued for no consideration, have an exercise price of $0.07 and expire on 30 November 2025.

Mindax Limited Announces Issuance of Ordinary Shares for Secondary Trading
Mar 6, 2025

Mindax Limited has issued 9,301,782 fully paid ordinary shares, allowing secondary trading under the exemption provided by section 708A(5) of the Corporations Act 2001. This move complies with relevant legal provisions, ensuring transparency and maintaining investor confidence, as there is no undisclosed information that would affect an informed assessment of the company’s financial position or the rights attached to the securities.

Mindax Limited Announces New Securities Quotation on ASX
Mar 6, 2025

Mindax Limited has announced a new application for the quotation of securities on the Australian Securities Exchange (ASX). The company is set to quote 9,301,782 ordinary fully paid securities under the ASX code MDX, with the issue date being March 6, 2025. This move is part of a previously announced transaction, indicating a strategic step in Mindax’s financial operations, potentially impacting its market presence and offering new opportunities for stakeholders.

Mindax Limited Announces Proposed Securities Issue to Boost Capital
Mar 5, 2025

Mindax Limited has announced a proposed issue of 9,301,782 ordinary fully paid securities, scheduled for March 6, 2025. This move is part of the company’s strategy to raise capital, potentially impacting its market positioning by providing additional resources for expansion and operational improvements.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.