Odessa Minerals Limited (AU:ODE)
ASX:ODE
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Odessa Minerals Limited
(Sydney:ODE)
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Rating:47Neutral
Price Target:
AU$0.02
▲(130.00% Upside)
Action:Reiterated
Date:05/16/26
The score is primarily constrained by weak financial performance (recurring losses and sustained cash burn), only partly offset by a low-debt balance sheet. Technical indicators are neutral to mildly improving, but valuation support is limited given negative earnings and no stated dividend yield.
Positive Factors
Low financial leverage (zero debt)
Zero reported debt is a durable balance-sheet advantage that lowers insolvency risk and preserves financial optionality. With persistent operating losses, having no debt reduces fixed obligations, making external capital raises less urgent and extending runway to execute strategic fixes.
Negative Factors
Persistent cash burn and negative OCF
Consistent negative operating and free cash flows show the business consumes cash to operate rather than generating it. Over months this erodes equity, forces repeated external financing or asset sales, and constrains strategic investment absent a credible path to positive cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage (zero debt)
Zero reported debt is a durable balance-sheet advantage that lowers insolvency risk and preserves financial optionality. With persistent operating losses, having no debt reduces fixed obligations, making external capital raises less urgent and extending runway to execute strategic fixes.
Read all positive factors
Odessa Minerals Limited (ODE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$43.09M
Dividend YieldN/A
Average Volume (3M)4.07M
Price to Earnings (P/E)―
Beta (1Y)0.40
Revenue GrowthN/A
EPS Growth41.18%
CountryAU
Employees34,000
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.00
Shares Outstanding1,873,618,300
10 Day Avg. Volume692,668
30 Day Avg. Volume4,069,372
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)1.50
Price to Sales (P/S)0.00
P/FCF Ratio-13.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Odessa Minerals Limited Business Overview & Revenue Model
Company Description
Odessa Minerals Limited operates as a diamond mineral exploration company in Western Australia. It holds 20 granted and application exploration licenses in the Aries, Ellendale, Calwynyardah, and Noonkanbah Projects covering an area of 2,600 squar...
Odessa Minerals Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -23.41K | 0.00 | 117.73K | 27.57K | 777.00 | 0.00 |
| Gross Profit | -24.58K | 0.00 | -104.00K | 23.56K | -300.68K | -8.18K |
| EBITDA | -2.85M | -2.55M | -793.00K | -2.21M | -5.69M | -24.40K |
| Net Income | -1.54M | -2.55M | -796.00K | -2.21M | -5.69M | -844.95K |
Balance Sheet | ||||||
| Total Assets | 6.58M | 5.80M | 6.68M | 7.50M | 5.77M | 733.50K |
| Cash, Cash Equivalents and Short-Term Investments | 2.75M | 2.15M | 2.27M | 4.52M | 5.00M | 649.52K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 104.40K |
| Total Liabilities | 165.72K | 214.34K | 147.36K | 322.66K | 498.60K | 73.06K |
| Stockholders Equity | 6.41M | 5.59M | 6.54M | 7.18M | 5.27M | 660.44K |
Cash Flow | ||||||
| Free Cash Flow | -353.16K | -635.23K | -2.25M | -2.60M | -988.05K | -959.26K |
| Operating Cash Flow | -849.28K | -635.23K | -785.58K | -1.22M | -560.72K | -861.91K |
| Investing Cash Flow | 319.95K | -539.22K | -1.46M | -1.37M | -167.86K | -97.35K |
| Financing Cash Flow | 94.35K | 1.06M | -6.24K | 2.12M | 5.51M | 321.89K |
Odessa Minerals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | AU$43.09M | -8.75 | -25.64% | ― | ― | 41.18% | |
46 Neutral | AU$5.30M | -3.07 | -55.63% | ― | ― | -85.71% | |
44 Neutral | AU$16.81M | -4.75 | -53.37% | ― | ― | 65.45% | |
44 Neutral | AU$13.26M | -2.50 | -16.13% | ― | ― | 27.45% | |
43 Neutral | AU$20.06M | -5.21 | -164.76% | ― | ― | -24.80% | |
42 Neutral | AU$8.58M | -7.77 | -193.69% | ― | ― | 28.79% |
* Basic Materials Sector Average
AU:ODE
Odessa Minerals Limited
0.03
0.01
92.31%
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Odessa Minerals Limited Corporate Events
Odessa Minerals Names Samuel Brooks Director With Major Performance-Linked Stake
May 6, 2026
Odessa Minerals Limited has appointed Samuel Brooks as a director effective 6 May 2026, formalising his role in the company’s governance structure. The appointment is accompanied by a substantial equity-based holding that ties his interests ...
Odessa Minerals Plans Major Share Issue to Raise Capital
May 6, 2026
Odessa Minerals Limited has lodged a notice of a proposed securities issue with the ASX, outlining a plan to issue up to 132,500,000 ordinary fully paid shares. The new shares are to be issued via a placement or similar structure, with a proposed ...
Odessa Minerals Raises $2.65m and Adds Veteran Geologist to Board
May 6, 2026
Odessa Minerals has secured firm commitments to raise $2.65 million through a share placement at $0.02 per share, attracting strong support from institutional, sophisticated and existing investors, with directors set to contribute $454,000 subject...
Odessa Minerals Requests Trading Halt Ahead of Capital Raising Announcement
May 4, 2026
Odessa Minerals Limited has requested a trading halt for its ordinary shares on the ASX, with the suspension to remain in place until either an upcoming announcement is released or trading resumes on Wednesday, 6 May 2026. The company stated the h...
Odessa Minerals Options Lapse, Trimming Potential Share Dilution
May 1, 2026
Odessa Minerals Limited has notified the market that a total of 8,000,000 listed options have lapsed unexercised following their expiry on 28 April 2026. The expired securities comprise three series of options with exercise prices of $0.02, $0.03 ...
Odessa Minerals Issues 10 Million Unquoted Performance Rights Under Incentive Scheme
May 1, 2026
Odessa Minerals Limited has notified the market of the issue of 10,000,000 unquoted performance rights under its employee incentive scheme. The new securities, recorded under the ASX code ODEAG and issued on 16 April 2026, form part of the company...
Odessa Minerals Advances Lyndon Project Exploration and Bolsters Technical Team
Apr 30, 2026
Odessa Minerals has advanced fieldwork at its Lyndon Project in Western Australia during the March 2026 quarter, completing extensive mapping and rock chip sampling over hyperspectral dolomite and kaolinite anomalies targeting base metals. Samplin...
Odessa Minerals Expands Base Metal Targets at Lyndon Project
Apr 28, 2026
Odessa Minerals has reported new base metal anomalism at its Lyndon Project in Western Australia, expanding the Ebro Bore mineralised strike to about 2.5 kilometres and reinforcing the scale potential of this emerging system. Additional sampling a...
Odessa Minerals Issues 285 Million Performance Rights Under Incentive Plan
Apr 10, 2026
Odessa Minerals Limited has issued 285,000,000 unquoted performance rights under its employee incentive scheme, with an effective issue date of 20 March 2026. The substantial allocation of unquoted securities underscores the company’s contin...
Odessa Minerals Addresses Late Director Interest Filing and Reviews Disclosure Controls
Mar 9, 2026
Odessa Minerals has disclosed that a Change of Director’s Interest Notice for director Zane Lewis was lodged late with the ASX due to an administrative oversight. The company states that all directors are aware of their disclosure obligation...
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.