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Meeka Gold Limited
(Frankfurt:MEK)
Meeka Gold Limited (MEK) vs. iShares MSCI Australia ETF (EWA)
Meeka Gold Limited Business Overview & Revenue Model
Meeka Gold Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 329.26K | 0.00 | 200.00K | 30.00K | 20.00K | 10.00K | Gross Profit |
| 256.50K | -72.12K | 139.28K | -18.26K | 20.00K | 10.00K | EBIT |
| -1.58M | -1.61M | -1.18M | -3.00M | -3.24M | -419.00K | EBITDA |
| -1.45M | -1.66M | -933.00K | -2.95M | -3.47M | -474.00K | Net Income Common Stockholders |
| -4.43M | -2.94M | -994.00K | -2.99M | -3.44M | -330.00K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 55.26M | 2.95M | 2.77M | 2.47M | 9.21M | 3.20M | Total Assets |
| 108.43M | 35.45M | 30.18M | 22.27M | 22.91M | 3.22M | Total Debt |
| 384.04K | 2.23M | 147.80K | 130.42K | 0.00 | 0.00 | Net Debt |
| -54.87M | -723.52K | -2.63M | -2.34M | -9.21M | -3.20M | Total Liabilities |
| 14.49M | 7.53M | 4.76M | 4.27M | 3.99M | 39.37K | Stockholders Equity |
| 93.95M | 27.92M | 25.42M | 18.00M | 18.92M | 3.18M |
| Cash Flow | Free Cash Flow | ||||
| -17.29M | -7.03M | -8.19M | -6.30M | -10.37M | -447.46K | Operating Cash Flow |
| -3.09M | -1.52M | -1.07M | -676.46K | -718.80K | -354.19K | Investing Cash Flow |
| -17.46M | -5.50M | -6.92M | -6.02M | -9.65M | 232.76K | Financing Cash Flow |
| 67.87M | 7.20M | 8.30M | -43.33K | 16.39M | 0.00 |
Meeka Gold Limited Technical Analysis
Meeka Gold Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $2.03B | -1.27 | -21.09% | 3.98% | 2.91% | -30.50% | |
48 Neutral | AU$452.83M | ― | -7.25% | ― | ― | -181.82% | |
| $291.18M | 24.68 | 5.86% | ― | ― | ― | ||
| $260.34M | ― | -15.72% | ― | ― | ― | ||
| €246.55M | ― | -40.25% | ― | ― | ― | ||
| €151.76M | ― | -14.81% | ― | ― | ― | ||
38 Underperform | AU$348.14M | ― | -8.92% | ― | ― | -58.33% |
Meeka Gold Limited Corporate Events
Meeka Metals Limited announced significant progress in its Murchison Gold Project with the first ore mined from the St Anne’s North open pit and the commencement of mining at Turnberry Central. These developments are part of the company’s strategy to ensure a consistent supply of high-grade oxide ore for processing. The expansion of the processing plant is nearing completion, with major structural works and upgrades progressing well, indicating a positive impact on the company’s operational capabilities and its positioning in the gold mining industry.
Meeka Metals Limited announced significant progress in its Murchison Gold Project during the March 2025 quarter. Key developments include the re-accessing of the high-grade Andy Well underground mine, commencement of open pit mining ahead of schedule, and installation of a larger 750kW ball mill at the processing plant. These advancements position the company to begin ore processing by mid-2025, supported by a strong cash position of $42 million, ensuring the project’s continued momentum and potential for early gold production.
Meeka Metals Limited has reported its quarterly cash flow, highlighting significant financial activities. The company experienced a net cash outflow from operating and investing activities, with substantial investments in project development. However, it achieved a positive cash flow from financing activities, mainly due to proceeds from equity securities and the exercise of options. This financial maneuvering suggests Meeka Metals is actively investing in its growth, potentially strengthening its market position and future prospects.
Meeka Metals Limited has announced that Franklin Resources, Inc. and its affiliates have adjusted their substantial holding in the company. The change reflects a slight decrease in voting power from 5.05% to 4.99%, indicating a minor shift in shareholder composition. This adjustment may have implications for the company’s shareholder dynamics, but the overall impact on operations or market positioning is not specified.
Meeka Metals Limited announced a change in the director’s interest, involving Paul Ian Chapman. The change includes the acquisition of 500,000 fully paid ordinary shares and the disposal of 500,000 unlisted options. This adjustment reflects a strategic move by the director to convert options early, potentially indicating confidence in the company’s future performance.
Meeka Metals Limited has announced the quotation of 4,100,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of April 2, 2025. This move is part of the company’s strategy to leverage convertible securities, potentially impacting its market positioning by increasing liquidity and providing additional capital for its operations and growth initiatives.
Meeka Metals Limited, a company involved in the metals industry, announced the issuance of 4,100,000 fully paid ordinary shares following the conversion of unlisted options with varying exercise prices, resulting in proceeds totaling $356,000. This move, detailed in an Appendix 2A lodged with the ASX, signifies the company’s compliance with relevant provisions of the Corporations Act and reflects its ongoing efforts to strengthen its financial position and enhance shareholder value.
Meeka Metals Limited has announced significant results from its infill and extensional drilling at Turnberry Central, part of the Murchison Gold Project. The drilling has revealed broad zones of high-grade gold, including multiple intersections over 20 meters, which are expected to support high productivity and low-cost open pit mining. The ongoing drilling results will be incorporated into the Turnberry Central grade control model to refine open pit design, enhancing the company’s operational efficiency and market positioning.
Meeka Metals Limited has announced the issuance of 7,549,994 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code MEK. This move is part of the company’s strategy to enhance its capital structure and potentially improve its market positioning, offering stakeholders an opportunity to engage with its growth trajectory.
Meeka Metals Limited, a company involved in the metals industry, announced the issuance of 7,549,994 fully paid ordinary shares following the conversion of unlisted options. This conversion, with an exercise price of $0.06, generated proceeds of $453,000 for the company. The announcement highlights that the shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act, and the company has complied with relevant provisions of the Corporations Act, ensuring transparency and regulatory adherence.
Meeka Metals Limited has announced that open pit mining activities at the Murchison Gold Project have commenced ahead of schedule, marking a significant milestone for the company. The project includes a 2m lift of the tailings storage facility and rapid progress on the CIL gold processing plant expansion, which positions Meeka closer to achieving its first gold production by mid-2025. This development underscores Meeka’s commitment to its development schedule and enhances its operational capabilities, potentially benefiting stakeholders by advancing the timeline for gold production.
Meeka Metals Limited announced a change in the interest of one of its directors, Paul Ian Chapman. The director has engaged in an early conversion of 500,000 unlisted options into fully paid ordinary shares, maintaining his indirect interest through Stone Poneys Nominees Pty Ltd. This transaction reflects a shift in the director’s investment strategy and could signal confidence in the company’s future performance. It may also have implications for the company’s market perception and stakeholder interests.
Meeka Metals Limited has announced the issuance of 9,677,500 fully paid ordinary securities, which will be quoted on the ASX under the code MEK. This move is part of the company’s strategic financial operations, potentially impacting its market position by increasing liquidity and enhancing capital for future projects, thereby benefiting stakeholders through potential growth and investment opportunities.
Meeka Metals Limited has announced the issuance of 9,677,500 fully paid ordinary shares following the conversion of unlisted options. This move generated proceeds of $600,650, enhancing the company’s financial position. The conversion was conducted in compliance with relevant corporate regulations, and the shares were issued without disclosure to investors under specific sections of the Corporations Act. This strategic financial operation is aimed at strengthening Meeka’s capital structure, potentially impacting its operational capabilities and stakeholder interests positively.
Meeka Metals Limited has announced new high-grade gold assay results from its ongoing drilling activities at the St Anne’s site, which extend the mineral resource to the north and indicate potential for further exploration. These findings, along with progress in infrastructure development, position the company to commence mining operations in March 2025, potentially enhancing its production capabilities and market standing.
Meeka Gold Limited presented at the Bell Potter Unearthed Conference, providing updates on its mineral resources and reserves. The company confirmed that there have been no material changes to the information previously reported on its projects, emphasizing stability in its exploration and production targets. The announcement reassures stakeholders of the company’s continuity in its strategic objectives and compliance with reporting standards.