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Pacgold Limited (AU:PGO)
ASX:PGO
Australian Market

Pacgold Limited (PGO) AI Stock Analysis

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AU

Pacgold Limited

(Sydney:PGO)

Rating:33Underperform
Price Target:
Pacgold Limited's overall stock score is primarily driven by its challenging financial position, with consistent losses and no revenue. While the balance sheet is strong due to no debt, reliance on equity financing and cash burn are concerning. Technical analysis shows some potential for upward momentum, but valuation metrics are weak due to lack of profitability.

Pacgold Limited (PGO) vs. iShares MSCI Australia ETF (EWA)

Pacgold Limited Business Overview & Revenue Model

Company DescriptionPacgold Limited operates as a gold exploration company in Australia. Its principal property is the Alice River gold project that comprises a portfolio of eight mining leases and five exploration permits located in the Alice River region of north Queensland. The company was formerly known as Alice River Resources Pty Ltd. and changed its name to Pacgold Limited in December 2020. Pacgold Limited was incorporated in 2019 and is based in Brisbane, Australia.
How the Company Makes MoneyPacgold Limited primarily generates revenue through the exploration and potential development of gold mining projects. The company's revenue model is centered around discovering valuable gold deposits that can be developed into economically viable mining operations. Revenue streams may include the sale of gold extracted from their mining projects, joint ventures with other mining companies, or the sale or optioning of exploration rights to larger mining firms. Significant partnerships with other exploration or mining companies can enhance their capability to explore and develop projects more effectively, contributing to Pacgold's earnings. Additionally, the company's ability to raise capital through equity offerings or project financing is crucial to funding its exploration and development activities.

Pacgold Limited Financial Statement Overview

Summary
Pacgold Limited is facing significant financial challenges, reflected in its negative income statement, weak cash flow, and reliance on equity financing. Despite a strong equity base with no debt, the lack of revenue and ongoing cash burn pose substantial risks.
Income Statement
10
Very Negative
Pacgold Limited has shown consistent losses with zero revenue over the past years. The gross profit, EBIT, and net income have remained negative, indicating substantial operating challenges. The lack of revenue and negative profit margins highlight significant financial distress, typical in the early stages of exploration companies in the gold industry.
Balance Sheet
30
Negative
The balance sheet shows a strong equity base with no debt, which is a positive sign of financial stability. However, the company is heavily reliant on equity financing, which may not be sustainable in the long term. The equity ratio is healthy, but the absence of revenue and continued losses could erode equity over time.
Cash Flow
15
Very Negative
The cash flow statement reflects negative free cash flow and operating cash flow, with heavy reliance on financing activities to sustain operations. The lack of operating cash flow relative to net income indicates operational inefficiencies. Although the company has managed to raise cash through financing, cash burn remains a concern.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
-17.34K0.000.000.00250.000.00
Gross Profit
-17.34K-53.63K-45.73K-35.07K-960.000.00
EBIT
-1.07M-876.57K-1.36M-1.08M-858.72K-3.74K
EBITDA
-1.08M-819.27K-1.27M-1.07M-857.26K0.00
Net Income Common Stockholders
-1.03M-872.90K-1.31M-1.10M-858.47K-3.75K
Balance SheetCash, Cash Equivalents and Short-Term Investments
3.33M1.99M2.51M11.01M5.38M18.21K
Total Assets
22.59M19.24M17.10M17.80M8.31M969.99K
Total Debt
0.000.000.000.000.000.00
Net Debt
-3.33M-1.99M-2.51M-11.01M-5.38M-18.21K
Total Liabilities
1.08M1.14M1.28M1.22M6.42M766.33K
Stockholders Equity
21.52M18.10M15.82M16.58M1.89M203.66K
Cash FlowFree Cash Flow
-1.22M-3.55M-8.50M-5.16M-639.89K-188.19K
Operating Cash Flow
-324.67K-668.43K-764.12K-865.96K-162.97K-100.00
Investing Cash Flow
-892.54K-2.89M-7.73M-4.34M-1.14M-189.09K
Financing Cash Flow
-3.24K3.03M0.0010.84M6.66M207.41K

Pacgold Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.06
Price Trends
50DMA
0.07
Negative
100DMA
0.07
Negative
200DMA
0.08
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
39.04
Neutral
STOCH
23.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PGO, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.07, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.04 is Neutral, neither overbought nor oversold. The STOCH value of 23.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PGO.

Pacgold 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
51
Neutral
$2.03B-1.27-21.09%3.98%2.91%-30.50%
AUPGO
33
Underperform
AU$9.94M-5.13%32.73%
$20.90B28.0311.01%2.07%
$11.89B26.7216.97%1.43%
$2.48B-0.38%
$2.21B9.1226.42%1.04%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:PGO
Pacgold Limited
0.06
-0.06
-50.00%
NESRF
Northern Star Resources Ltd
15.27
6.69
77.97%
CAHPF
Evolution Mining
6.12
3.80
163.79%
RGRNF
Regis Resources Limited
3.31
2.15
185.34%
RMLRF
Ramelius Resources Limited
1.84
0.66
55.93%

Pacgold Limited Corporate Events

Pacgold Advances Alice River Gold Project with Promising Drilling Results
Apr 24, 2025

Pacgold Limited has reported significant progress in its Alice River Gold Project, with recalculated drilling results supporting a large bulk tonnage model. The company plans extensive Reverse Circulation and Diamond drilling throughout 2025 to explore the potential of the site, which shows promise as a multimillion-ounce gold deposit. Additionally, a new magnetic feature has been identified, and further geophysical testing is planned. The appointment of Bruce Kendall as a Non-Executive Director aims to enhance the project’s development.

Pacgold Initiates Extensive Drilling at Alice River Gold Project
Apr 23, 2025

Pacgold Limited has announced the commencement of a 10,000-meter Reverse Circulation drilling program at its Alice River Gold Project. This initiative aims to expand known gold mineralization in the Central Target area and explore new regional targets. The drilling, which began on April 15, 2025, is part of a broader exploration effort that includes geophysical surveys and drone magnetics. Initial results from the drilling are expected in late May, with the potential to significantly enhance the company’s exploration asset and industry positioning.

Pacgold Unveils Promising Gold Anomaly at White Lion Prospect
Apr 14, 2025

Pacgold Limited has identified a significant magnetic anomaly at the White Lion Prospect within its Alice River Gold Project, suggesting potential for a large-scale gold deposit similar to the historic Mt Leyshon deposit. The anomaly, characterized by a magnetic annulus with a non-magnetic core, is located near the Alice River fault structure, where historical drilling has indicated surface gold mineralization. Pacgold plans further geophysical surveys and drilling in the area, aiming to enhance their exploration success and potentially discover a multimillion-ounce gold asset.

Pacgold Limited Releases Interim Report for December 2024
Mar 13, 2025

Pacgold Limited has released its interim report for the period ending 31 December 2024. The report includes a corporate directory, directors’ report, auditor’s independence declaration, financial report, directors’ declaration, and an independent auditor’s report. This release provides stakeholders with a comprehensive overview of the company’s financial health and governance, which is crucial for assessing its operational strategies and market positioning.

Pacgold Limited Appoints New Director Bruce Kendall
Mar 5, 2025

Pacgold Limited has announced the appointment of Bruce Kendall as a director, effective March 5, 2025. This announcement reveals that Kendall holds an indirect interest in 20,000 ordinary shares through Tectite Pty Ltd, acting as trustee for the Obsidian Super Fund, where he is a director and shareholder. This appointment may influence Pacgold’s strategic direction and stakeholder interests, given Kendall’s involvement in the company and his shareholding.

Pacgold Limited Strengthens Board with Appointment of Renowned Geologist Bruce Kendall
Mar 4, 2025

Pacgold Limited has appointed Bruce Kendall, an experienced geologist with over 30 years in mineral exploration, as a Non-Executive Director. Kendall’s expertise in major discoveries is expected to enhance the company’s efforts to unlock the potential of the Alice River Gold Project. His appointment is seen as a strategic move to strengthen the company’s board as they advance exploration plans for 2025, with a focus on the project’s significant mineralized system and potential for multimillion-ounce deposits.

Pacgold Limited Director Increases Shareholding
Feb 25, 2025

Pacgold Limited has announced a change in the director’s interest notice, specifically concerning Richard Hacker. The update reveals that Mr. Hacker, through indirect interests in the Emerald Super Fund and Scythe Investments, has acquired additional ordinary shares, increasing his holdings in both entities. This acquisition was conducted through on-market purchases at an average price of $0.062 per share, reflecting a strategic move to strengthen his investment position within the company.

Pacgold Limited Director Increases Stake, Signaling Confidence
Feb 25, 2025

Pacgold Limited has announced a change in the director’s interest, specifically involving Matthew Boyes, who has increased his indirect interest in the company by acquiring 200,000 ordinary shares through the MTJ Holdings Trust. This transaction, conducted at $0.058 per share, reflects a strategic move to strengthen the director’s stake, potentially signaling confidence in the company’s future prospects and impacting stakeholder perceptions positively.

Pacgold Director Increases Stake with Major Share Acquisition
Feb 25, 2025

Pacgold Limited announced a change in the director’s interest, with Director Caoilin Chestnutt acquiring 1,000,000 ordinary shares at $0.075 per share through an on-market purchase. This acquisition reflects a significant increase in the director’s stake in the company, potentially indicating confidence in the company’s future prospects and impacting stakeholder perceptions.

Pacgold Identifies Extensive Gold Anomaly at Alice River Project
Feb 23, 2025

Pacgold Limited has announced the results from its recent regional aircore geochemical drilling campaign at the Alice River Gold Project. The results have identified a 12km geochemical anomaly at the Alice River Fault Zone, indicating substantial gold potential. The company plans to follow up with an extensive Reverse Circulation drilling program to further evaluate these high-priority targets. Additionally, an Induced Polarisation program will be conducted to explore further potential along the Alice River and Posie Fault Zones. With a strong cash balance and no debt, Pacgold is well-positioned to continue its exploration activities throughout 2025, aiming to demonstrate significant growth potential and possibly uncover a multimillion-ounce gold deposit.

Pacgold Limited Updates Director’s Interest Notices, Affirms Compliance Standards
Feb 20, 2025

Pacgold Limited has released amendments to its Initial Director’s Interest Notice and Change of Director’s Interest Notice for Director Matthew Boyes, following an administrative oversight that failed to include 100,000 shares he holds indirectly. Despite this oversight, Pacgold maintains that its current compliance and disclosure policies are adequate, indicating no changes are needed. This announcement highlights Pacgold’s continued commitment to transparency and regulatory adherence, ensuring stakeholders of its diligence in corporate governance.

Pacgold Unveils Extensive Gold Anomaly at Alice River Project
Feb 20, 2025

Pacgold Limited announced significant findings from its latest aircore drilling at the Alice River Gold Project, revealing a 12km long geochemical anomaly indicative of a potentially large gold deposit. The company plans to commence extensive Reverse Circulation drilling in early April to explore these findings further, alongside an Induced Polarisation programme set for May. Pacgold remains financially robust with over AUD $3M in funds, supporting its exploration activities aimed at demonstrating the project’s growth potential.

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.