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Mindax Limited
(Sydney:MDX)
Mindax Limited (MDX) vs. iShares MSCI Australia ETF (EWA)
Mindax Limited Business Overview & Revenue Model
Mindax Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| -1.63K | 2.99K | 2.00 | 59.96K | 0.00 | 9.00 | Gross Profit |
| -121.85K | -64.27K | -11.46K | 59.96K | -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 | -5.57M | 13.42M | -1.13M | -586.11K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 607.48K | 520.04K | 4.63M | 1.68M | 1.19M | 178.78K | Total Assets |
| 26.01M | 26.73M | 19.32M | 18.98M | 4.25M | 2.62M | Total Debt |
| 84.39K | 108.65K | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -523.09K | -411.39K | -4.63M | -1.68M | -1.19M | -178.78K | Total Liabilities |
| 2.33M | 2.13M | 273.95K | 360.74K | 396.83K | 1.49M | Stockholders Equity |
| 16.90M | 17.68M | 19.05M | 18.62M | 3.85M | 1.13M |
| Cash Flow | Free 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 | -1.00M | 208.51K | -644.86K | -154.11K | Financing Cash Flow |
| 53.99K | 57.73K | 5.39M | 1.25M | 3.01M | 558.00K |
Mindax Limited Technical Analysis
Mindax Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | AU$12.67M | 4.92 | 8.76% | ― | ― | ― | |
53 Neutral | AU$436.56M | ― | -6.97% | ― | ― | -70.31% | |
51 Neutral | $2.04B | -1.15 | -21.37% | 3.64% | 2.88% | -30.57% | |
47 Neutral | AU$29.77M | 1.47 | 17.20% | ― | ― | ― | |
44 Neutral | AU$139.92M | ― | -11.54% | ― | ― | 61.54% | |
37 Underperform | AU$63.17M | ― | -36.70% | ― | ― | -320.07% |
Mindax Limited Corporate Events
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’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 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 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 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 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 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 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 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 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 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 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 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 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 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.