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Delecta Limited (AU:MOM)
ASX:MOM

Delecta Limited (MOM) AI Stock Analysis

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AU:MOM

Delecta Limited

(Sydney:MOM)

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Neutral 44 (OpenAI - 5.2)
Rating:44Neutral
Price Target:
AU$0.01
▲(233.33% Upside)
The score is primarily driven by weak financial performance: reported revenue disappears after 2022, losses expand through 2025, and cash flow shows persistent and worsening cash burn (including a large free cash outflow in 2025). Modest leverage provides some balance-sheet support, but equity erosion and negative returns keep risk elevated. Technical and valuation inputs are largely unavailable, reducing confidence and leaving the score anchored to the deteriorating fundamentals.
Positive Factors
Strategic Resource Diversification
The acquisition of Imbas Mining, with rights to the Sasare Gold and Copper Project, indicates strategic diversification into gold and copper, potentially enhancing long-term growth prospects.
Operational Expansion
The secured loan supports expansion in Zambia and Tanzania, strengthening Moab's operational capabilities and positioning in the exploration sector.
Resource Estimate Upgrade
The 25% increase in uranium resource estimates at Manyoni suggests potential for low-cost mining and early cash flow, enhancing Moab's market position.
Negative Factors
Revenue Decline
The complete revenue decline to A$0 indicates severe operational challenges and threatens the company's ability to sustain its business model.
Expanding Net Losses
Increasing net losses reflect deteriorating profitability, which could hinder future investments and growth opportunities, impacting long-term viability.
Persistent Cash Burn
Ongoing negative cash flow indicates reliance on external funding, which can limit financial flexibility and increase operational risk.

Delecta Limited (MOM) vs. iShares MSCI Australia ETF (EWA)

Delecta Limited Business Overview & Revenue Model

Company DescriptionMoab Minerals Limited engages in the evaluation and exploration of mineral projects. The company holds 60% interests in the REX uranium-vanadium project comprising 256 contiguous BLM mining claims that covers an area of approximately 5,000 acres located in the famed Uravan Mineral Belt of Colorado. It also holds interests in the Speedway gold project in Western Utah; the Highline copper-cobalt project in Southern Nevada; and the Woodlands and Mt Amy projects in Western Australia. The company was formerly known as Delecta Limited and changed its name to Moab Minerals Limited in September 2022. Moab Minerals Limited was incorporated in 1985 and is based in North Perth, Australia.
How the Company Makes Moneynull

Delecta Limited Financial Statement Overview

Summary
Delecta Limited is experiencing severe financial difficulties, primarily due to the absence of revenue and persistent losses. The balance sheet remains strong with no debt, but negative cash flows and a declining asset base pose risks to financial stability. Immediate action is needed to address these challenges and restore revenue generation to ensure long-term viability.
Income Statement
12
Very Negative
The company has faced significant challenges with declining revenue, going from a positive revenue stream in previous years to zero in the most recent periods. The negative EBIT and net income margins indicate ongoing operational inefficiencies and financial stress. Without revenue, traditional profitability margins like gross and net profit cannot be assessed for the latest period.
Balance Sheet
38
Negative
The balance sheet shows a strong equity position with zero debt, resulting in a very favorable debt-to-equity ratio. The equity ratio is also strong, indicating a solid financial foundation. However, the decreasing total assets and equity over time may suggest a potential risk if the trend continues.
Cash Flow
18
Very Negative
The company has experienced negative operating and free cash flows, indicating cash flow challenges. The free cash flow to net income ratio remains negative due to consistent net losses. However, the absence of financing cash flow in the latest period suggests limited external funding, which could be a concern if cash flow issues persist.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.000.0015.62M16.54M
Gross Profit-10.12K-10.12K-2.46K-389.004.30M5.23M
EBITDA-2.81M-1.63M-1.29M-1.83M-1.75M985.00K
Net Income-4.16M-4.16M-1.29M-1.41M-459.00K-139.00K
Balance Sheet
Total Assets6.39M6.39M7.03M8.32M11.13M9.85M
Cash, Cash Equivalents and Short-Term Investments94.38K94.38K2.42M4.83M2.86M2.42M
Total Debt500.00K558.15K0.00543.00K543.00K705.00K
Total Liabilities1.38M1.38M209.27K102.25K2.10M1.96M
Stockholders Equity4.90M4.90M6.82M8.22M9.03M7.87M
Cash Flow
Free Cash Flow-529.46K-4.53M-1.64M-978.58K-761.91K-172.00K
Operating Cash Flow-526.77K-1.14M-873.20K-468.99K-646.91K472.00K
Investing Cash Flow-3.72M-3.72M-1.04M-1.80M-115.00K-594.00K
Financing Cash Flow3.12M3.12M0.003.72M1.19M247.00K

Delecta Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Neutral
AU$58.81M9.8017.58%6.10%-13.36%14.09%
67
Neutral
AU$158.20M21.5121.22%5.01%1.82%-18.84%
66
Neutral
AU$109.46M143.831.90%1.58%-65.09%
66
Neutral
AU$58.53M13.3012.71%9.03%8.39%3.21%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
44
Neutral
AU$4.03M-71.16%-44.44%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:MOM
Delecta Limited
AU:DSK
Dusk Group Ltd.
0.94
-0.08
-7.84%
AU:ABY
Adore Beauty Group Ltd.
1.17
0.27
29.44%
AU:JYC
Joyce Corporation Ltd
5.35
0.90
20.22%
AU:SHM
Shriro Holdings Ltd.
0.82
0.10
13.89%

Delecta Limited Corporate Events

Moab Minerals Extends Deadline on Imbas Mining Acquisition Conditions
Dec 22, 2025

Moab Minerals has extended the deadline to satisfy conditions precedent for its acquisition of Imbas Mining Pty Ltd, which holds rights to earn up to an 80% interest in the Sasare Gold and Copper Project in Zambia, pushing the date out to 28 February 2026. The extension, agreed with Imbas, is intended to provide Moab with additional time to secure shareholder approval and complete due diligence on the transaction, signalling the company’s continued strategic push into African gold and copper alongside its existing uranium and battery metals portfolio, with potential long-term implications for its resource diversification and growth prospects.

Moab Minerals Secures $600,000 Loan for Project Expansion
Dec 7, 2025

Moab Minerals Limited has secured a $600,000 loan from European Lithium Ltd to fund its acquisition of interest in the Sasare Copper Gold Project in Zambia, exploration activities at the Manyoni Uranium Project in Tanzania, and general working capital. This financial move is expected to enhance Moab’s operational capabilities and strengthen its position in the exploration sector, potentially benefiting stakeholders by expanding its project portfolio.

Moab Minerals Limited Issues Unquoted Equity Securities
Dec 3, 2025

Moab Minerals Limited has announced the issuance of unquoted equity securities, including options and performance rights, as part of a previously announced transaction. This move involves the issuance of over 18 million securities, which are not intended to be quoted on the ASX, potentially impacting the company’s capital structure and investor relations.

Moab Minerals Limited Announces Quotation of New Securities on ASX
Dec 3, 2025

Moab Minerals Limited has announced the quotation of 8,185,118 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code MOM. This move is part of the company’s strategy to enhance its market presence and provide liquidity to its shareholders, potentially impacting its operational dynamics and positioning within the industry.

Moab Minerals Issues Unquoted Equity Securities
Dec 3, 2025

Moab Minerals Limited has announced the issuance of unquoted equity securities, specifically 41,666,666 options expiring on December 5, 2027, with an exercise price of $0.008. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, potentially impacting the company’s capital structure and stakeholder interests.

Moab Minerals Issues New Shares to Bolster Exploration Efforts
Dec 3, 2025

Moab Minerals Limited has issued over 8 million fully paid ordinary shares following the vesting of performance rights, as part of its compliance with the Corporations Act 2001. This move is part of Moab’s ongoing efforts to strengthen its financial position and support its exploration and development projects, potentially enhancing its market presence and offering value to stakeholders.

Moab Minerals AGM Resolutions Passed, Supporting Exploration Initiatives
Nov 25, 2025

Moab Minerals Limited announced that all resolutions at its Annual General Meeting were passed by a poll. This outcome supports the company’s ongoing exploration and development efforts, particularly in its Manyoni Uranium Project in Tanzania and its interests in lithium and gold projects in Ghana, potentially strengthening its position in the mining industry.

Moab Minerals Director Alters Equity Stake
Nov 4, 2025

Moab Minerals Limited has announced a change in the interests of its director, Malcolm Raymond Day, involving the conversion of performance rights into fully paid ordinary shares. This change reflects the vesting of 15,000,000 performance rights into ordinary shares, which were valued at $0.002 each based on the current share price. The transaction indicates a strategic move in the company’s equity management, potentially impacting shareholder value and the director’s stake in the company.

Moab Minerals Ltd Announces Director’s Interest Change
Nov 4, 2025

Moab Minerals Ltd has announced a change in the director’s interest, specifically for Bryan Hughes. The change involves the acquisition of 15,000,000 performance rights for Milestone 1 and Milestone 2, with a deemed value of $0.003 per performance right based on the current share price. This adjustment in securities indicates a strategic move in the company’s executive compensation structure, potentially impacting stakeholders’ perception of the company’s growth and performance targets.

Moab Minerals Limited Announces New Securities Issuance
Nov 4, 2025

Moab Minerals Limited has announced a new issuance of 132,851,178 ordinary fully paid securities, which are set to be quoted on the Australian Securities Exchange (ASX) under the code MOM. This move is part of the company’s strategy to enhance its market presence and liquidity, potentially impacting its stakeholders by increasing the available shares in the market.

Moab Minerals Issues New Shares to Support Exploration Projects
Nov 4, 2025

Moab Minerals Limited has issued 132,851,178 fully paid ordinary shares following the vesting of performance rights. This move aligns with the company’s compliance with relevant sections of the Corporations Act, indicating transparency and adherence to legal requirements. The issuance of shares is part of Moab’s strategic efforts to support its exploration and development projects, potentially enhancing its market position and offering value to stakeholders.

Moab Minerals Boosts Uranium Resources and Expands with Zambian Acquisition
Oct 28, 2025

Moab Minerals Limited has announced an upgrade to the Mineral Resource Estimate for its Manyoni uranium project in Tanzania, increasing the contained U3O8 by 25% compared to previous estimates. This development, along with the confirmation of a mineralized palaeochannel system, suggests potential for low-cost strip mining and early cash flow from high-grade core areas. Additionally, Moab has expanded its operations by acquiring the Sassare Cu-Au project in Zambia, indicating strategic growth and diversification in its mining portfolio.

Moab Minerals Limited Announces Proposed Securities Issue
Oct 27, 2025

Moab Minerals Limited has announced a proposed issue of securities, including performance rights and options, as part of a placement or other type of issue. This move is aimed at raising capital, with the securities set to be issued by November 28, 2025. The announcement is significant as it reflects the company’s efforts to bolster its financial position and potentially enhance its market presence.

Moab Minerals Limited Announces Proposed Securities Issue
Oct 27, 2025

Moab Minerals Limited has announced a proposed issue of securities, specifically options expiring on December 5, 2027, with a maximum of 41,666,666 securities to be issued. This move, set for November 28, 2025, is part of a placement or other type of issue, which could impact the company’s market positioning and stakeholder interests.

Moab Minerals Announces Annual General Meeting Details
Oct 24, 2025

Moab Minerals Limited has announced its Annual General Meeting will be held on 25 November 2025 in Perth, Western Australia. The company will not send physical copies of the meeting notice unless requested by shareholders, and materials can be accessed online. Shareholders are encouraged to consult their advisors if they have any questions regarding the meeting materials.

Moab Minerals Limited Releases Investor Presentation on Exploration Activities
Oct 19, 2025

Moab Minerals Limited, trading on the ASX under the ticker MOM, is involved in mineral exploration activities primarily in Zambia and Tanzania. The company has released an investor presentation detailing exploration results and targets, which have been compiled by Mr. Byron Dumpleton, a director and shareholder of Imbas Mining Limited. The presentation emphasizes that it is not a prospectus or an offer of securities, and advises investors to conduct their own due diligence. The company disclaims liability for any potential losses arising from reliance on the presentation.

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 30, 2025