Rimfire Pacific Mining Limited (RIM) AI Stock Analysis

• Market Cap: AU$55.57M
• Dividend Yield: N/A
• Average Volume (3M): 1.32M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.51
• Revenue Growth: N/A
• EPS Growth: -66.67%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 2,525,893,800
• 10 Day Avg. Volume: 1,551,453
• 30 Day Avg. Volume: 1,322,539
• PEG Ratio: 0.19
• Price to Book (P/B): 0.22
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 37 Underperform
• Price Target: ―

Rimfire Pacific Mining Limited is facing substantial financial and operational challenges, as evidenced by its negative income, cash flow issues, and lack of revenue. The technical analysis indicates a bearish trend, with key indicators suggesting the stock is oversold. Valuation metrics like a negative P/E ratio highlight significant risks, making the stock less attractive to potential investors. Overall, the stock is at the lowest end of the scoring spectrum, reflecting its challenging position.

Rimfire Pacific Mining Limited Business Overview & Revenue Model

Company Description

Rimfire Pacific Mining Limited engages in the exploration and evaluation of mineral deposits in Australia. The company explores for gold, copper, platinum group elements, cobalt, lead, nickel, zinc, and silver deposits. It primarily holds interests in the contiguous tenement package spanning of 915 square kilometers within the East Lachlan Fold Belt of New South Wales. The company was incorporated in 1988 and is headquartered in Melbourne, Australia.

How the Company Makes Money

Rimfire Pacific Mining Limited makes money primarily through the exploration and potential development of mineral resources. Its revenue model is focused on identifying commercially viable mineral deposits and advancing these projects to attract investment or potential sale to larger mining companies. The company's key revenue streams include securing exploration licenses and partnerships that provide funding for exploration activities. Rimfire may also enter into joint ventures or strategic partnerships with other mining companies to share exploration costs and benefit from combined expertise, which can lead to future royalty or profit-sharing arrangements if the projects proceed to production. While the company does not generate revenue from production at its current stage, its business model is based on the potential future monetization of discovered mineral resources.

Rimfire Pacific Mining Limited Financial Statement Overview

Summary

Rimfire Pacific Mining Limited is facing significant financial challenges, with persistent losses and no revenue from operations. The company has maintained a strong equity position with minimal leverage, but the lack of profitability and negative cash flows pose substantial risks. While the balance sheet is relatively stable, the income statement and cash flow statement highlight ongoing operational and financial struggles that will require strategic changes to improve long-term viability.

Income Statement

Rimfire Pacific Mining Limited has faced significant challenges in generating revenue, with no revenue reported for the latest periods. The company has consistently reported negative gross profit and net income, indicating ongoing operational inefficiencies. The negative EBIT and EBITDA margins further underscore the company's struggle to manage its expenses relative to its nonexistent revenue. While there is historical revenue in previous years, the lack of revenue in recent years raises concerns about the company's growth trajectory.

Balance Sheet

The balance sheet shows a relatively strong equity position with a high equity ratio, indicating that the company is primarily financed through equity rather than debt. The debt-to-equity ratio is low, reflecting minimal leverage risk. However, the company has seen a consistent increase in stockholders' equity, which is a positive sign. Despite this, the ongoing negative net income impacts the return on equity, which remains negative, highlighting concerns around profitability and return generation for shareholders.

Cash Flow

The cash flow analysis reveals persistent negative free cash flow, indicating that the company is not generating enough cash to cover its capital expenditures. The operating cash flow is also negative, suggesting that the core operations are not yet self-sustaining. While there has been some financing inflow, it primarily covers the cash shortfall rather than funding growth opportunities. The lack of positive cash flow metrics points to short-term operational challenges and the need for careful cash management.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	7.23K	0.00	0.00	0.00	600.00K	52.85K
Gross Profit	-2.95K	-20.02K	-29.53K	-56.27K	563.00K	12.32K
EBITDA	-2.20M	-1.44M	-785.00K	-1.16M	-971.00K	-975.79K
Net Income	-2.35M	-1.46M	-814.00K	-913.00K	-374.00K	-956.98K
Balance Sheet
Total Assets	18.88M	17.66M	16.96M	16.28M	17.36M	15.39M
Cash, Cash Equivalents and Short-Term Investments	631.09K	187.67K	377.23K	271.51K	1.57M	310.79K
Total Debt	0.00	118.22K	0.00	9.23K	9.23K	20.74K
Total Liabilities	881.20K	437.98K	619.25K	602.24K	846.21K	977.48K
Stockholders Equity	18.00M	17.22M	16.34M	15.68M	16.52M	14.41M
Cash Flow
Free Cash Flow	-2.83M	-3.23M	-3.02M	-3.08M	-2.17M	-1.36M
Operating Cash Flow	-1.56M	-1.23M	-153.39K	-955.48K	-385.72K	-665.89K
Investing Cash Flow	-1.38M	-889.55K	-887.13K	-330.95K	-851.72K	-612.93K
Financing Cash Flow	2.37M	1.93M	1.15M	-9.54K	2.49M	1.49M

Rimfire Pacific Mining Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RIM, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.83 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:RIM.

Rimfire Pacific Mining Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	43 Neutral	AU$1.38B	-6.10	-40.62%	4.17%	-4.78%	-43.21%
FEG	41 Neutral	AU$58.72M	―	-12.73%	―	―	-150.77%
RIM	37 Underperform	AU$55.57M	―	-13.21%	―	―	-66.67%
GSMGF		$35.51M	0.74	300.49%	―	―	―
MM1		AU$38.06M	―	-68.13%	―	―	―
GSN	37 Underperform	AU$26.91M	―	-15.00%	―	―	13.33%
LDR	36 Underperform	AU$24.27M	―	-13.51%	―	―	-57.50%

Rimfire Pacific Mining Limited Corporate Events

Rimfire Pacific Mining Announces Change in Substantial Holder Interests

Rimfire Pacific Mining Limited has announced a change in the interests of a substantial holder, with a decrease in voting power from 7.70% to 6.51%. This change reflects a reduction in the number of ordinary shares held, which may impact the company’s shareholder dynamics and influence within the market.

Rimfire Pacific Mining Advances Scandium Exploration Amid Global Supply Concerns

Rimfire Pacific Mining Limited has reported promising results from its diamond drilling program at the Murga site, indicating high-grade scandium potential. This comes at a crucial time as global scandium supplies face threats due to Chinese export restrictions, which could impact countries like the USA that rely on imports for manufacturing and defense needs. Rimfire’s recent completion of a 200-hole air core drilling program at the Currajong Scandium Prospect aims to further establish the Fifield Scandium District as a secure, long-term supplier of scandium. The company is also exploring new opportunities at the Rabbit Trap Scandium Project and reviewing historic data at the Broken Hill Base Metal Project to identify new drill targets.

Rimfire Pacific Mining Announces General Meeting and New Communication Options

Rimfire Pacific Mining Limited has announced a General Meeting of Shareholders scheduled for 30 May 2025, where new legislative changes to the Corporations Act 2001 will be discussed. These changes provide shareholders with new options for receiving communication from the company, emphasizing a shift towards electronic distribution of meeting materials, which could streamline operations and enhance shareholder engagement.

Rimfire Advances Scandium Drilling Amid Global Supply Constraints

Rimfire Pacific Mining Limited is advancing its air core drilling program at the Currajong Scandium Prospect in the Fifield Scandium District, with 134 holes drilled to date. This initiative gains significance amid recent Chinese export restrictions on scandium, highlighting the district’s potential to provide a stable supply of this critical mineral, crucial for countries like the USA that rely heavily on imports.

Rimfire Pacific Mining Announces Change in Substantial Holder Interests

Rimfire Pacific Mining Limited has announced a change in the interests of its substantial holder, Anthony Billis, and associated parties. As of March 5, 2025, the group’s voting power in the company has decreased from 9.20% to 7.70%, reflecting a reduction in the number of ordinary shares held. This change may impact the company’s shareholder dynamics and influence within the market.

Rimfire Advances Scandium Exploration at Currajong Prospect

Rimfire Pacific Mining Limited has provided an update on its ongoing air core drilling program at the Currajong Scandium Prospect in central New South Wales. The company has drilled 51 holes so far, with 520 samples dispatched for laboratory analysis. The drilling has intersected various weathered rock types, including scandium-prospective pyroxenites. This marks the first dedicated scandium drilling at Currajong, as previous exploration focused on other minerals. The results, expected later in April, could significantly impact Rimfire’s operations and its positioning in the scandium market.

Rimfire’s Maiden Drilling at Murga Unveils High-Grade Scandium Potential

Rimfire Pacific Mining Limited has announced promising results from its maiden diamond drilling program at the Murga Exploration Target, revealing high-grade scandium mineralization in laterite and anomalous scandium in underlying pyroxenite rocks. These findings suggest a new exploration opportunity and enhance the potential for a significant scandium resource inventory, reinforcing Rimfire’s strategic positioning in the scandium market.

Rimfire Pacific Mining Cancels Proposed Securities Issue

Rimfire Pacific Mining Limited announced the cancellation of a previous securities issuance under a cleansing prospectus due to the offer closing without any shares being issued. This decision may impact the company’s capital raising strategies and market activities, as it indicates a shift in their approach to facilitating secondary trading.

Rimfire Pacific Mining Updates Securities Issue Date

Rimfire Pacific Mining Limited announced an update regarding the proposed issue of securities, specifically adjusting the issue date for Tranche 1 Placement shares, free attaching unlisted options, and Lead Manager Options to March 21, 2025. This update reflects the company’s ongoing efforts to manage its capital structure and strengthen its financial position, potentially impacting its operational capabilities and stakeholder interests.

Rimfire Pacific Mining Announces Quotation of New Securities

Rimfire Pacific Mining Limited has announced the quotation of 3,688,302 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of previously announced transactions and is expected to support the company’s financial strategy, potentially impacting its market positioning and offering new opportunities for stakeholders.

Rimfire Pacific Mining Issues 46 Million New Shares

Rimfire Pacific Mining Limited announced the issuance of 46 million ordinary fully paid shares, following the cancellation of unexercised options. This move, underwritten by a previous agreement, reflects the company’s strategic efforts to manage its securities and capital structure, potentially impacting its financial stability and market positioning.

Rimfire Pacific Mining Launches Scandium Drilling Program at Currajong

Rimfire Pacific Mining has commenced its first dedicated scandium drilling program at the Currajong Scandium Prospect, located in central NSW. The program involves drilling approximately 200 holes over a 2.4-kilometer ultramafic belt, with the objective of delineating a maiden scandium mineral resource. This initiative is part of Rimfire’s broader strategy to build a globally significant scandium resource, complementing its existing resources at Melrose and Murga North. Successful results could enhance Rimfire’s position in the critical minerals market and provide substantial value to its stakeholders.

Rimfire Pacific Mining Announces Proposed Securities Issue to Boost Capital

Rimfire Pacific Mining Limited has announced a proposed non-pro rata offer of securities, planning to issue up to 10,000 ordinary fully paid shares. This move is part of their strategy to raise capital, potentially impacting their operational capabilities and market positioning by providing additional resources for exploration and development activities.

Rimfire Pacific Mining Issues Cleansing Prospectus for Share Liquidity

Rimfire Pacific Mining Limited has issued a Cleansing Prospectus to offer up to 10,000 shares at $0.03 each, aiming to raise $300 before expenses. This prospectus is designed to remove trading restrictions on previously issued shares, allowing for greater liquidity and flexibility in the market. The offer is available only to those personally invited, and the shares are considered highly speculative, reflecting the company’s strategic move to enhance its market operations.

Rimfire Pacific Mining Announces Proposed Securities Issue

Rimfire Pacific Mining Limited has announced a proposed issue of 8,000,000 unlisted options and 8,000,000 ordinary fully paid securities. This strategic move is aimed at raising capital to support the company’s ongoing exploration and development projects, potentially enhancing its market position and providing growth opportunities for stakeholders.

Rimfire Pacific Mining Announces Major Securities Issue to Boost Exploration Efforts

Rimfire Pacific Mining Limited has announced a proposed issue of securities, which includes 72,000,000 unlisted options and 17,650,000 additional unlisted options, along with 72,000,000 ordinary fully paid shares. This strategic move is aimed at raising capital to support the company’s ongoing exploration and development projects, potentially strengthening its position in the mining sector and offering new opportunities for stakeholders.

Rimfire Pacific Mining Secures $3.65 Million for Scandium Exploration

Rimfire Pacific Mining Limited has secured $3.65 million in equity funding to support its scandium exploration efforts, particularly at the Currajong prospect in New South Wales. The funding, which includes a $2 million share placement and $1.65 million from option exercises, will enable a 10,000-meter air core drilling program aimed at confirming high-grade scandium deposits. This initiative is expected to bolster the company’s resource estimation and enhance its position in the scandium market.

Rimfire Pacific Mining Updates on Arbitration Proceedings

Rimfire Pacific Mining Limited has announced an update regarding the arbitration process related to the termination of the Fifield and Avondale Earn-in Agreements. The arbitration hearing has been rescheduled to take place on several dates in May 2025, which could have implications for the company’s strategic operations and stakeholder interests.

Rimfire Pacific Mining Initiates Trading Halt Ahead of Capital Raising Announcement

Rimfire Pacific Mining Limited has requested a trading halt on its securities as it prepares to make an announcement regarding a capital raising. This move is intended to help the company manage its continuous disclosure obligations, with the trading halt expected to last until the announcement is made or normal trading resumes on 12 March 2025. The decision reflects the company’s proactive approach to handling significant financial developments, which could have implications for its market positioning and stakeholder interests.

Rimfire Pacific Mining Announces Cessation of Securities

Rimfire Pacific Mining Limited announced the cessation of 46,000,000 securities due to the expiry of options without exercise or conversion as of February 28, 2025. This cessation may impact the company’s capital structure and could influence investor perception regarding the company’s financial strategies and operational focus.

Rimfire Pacific Mining Limited Announces Quotation of New Securities

Rimfire Pacific Mining Limited announced the quotation of 36,333,332 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of March 5, 2025. This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing exploration and development projects, potentially impacting its market position and providing opportunities for stakeholders.

Rimfire Pacific Mining Issues New Securities on ASX

Rimfire Pacific Mining Limited has announced the issuance of 4,471,183 ordinary fully paid securities, which are set to be quoted on the Australian Securities Exchange (ASX) as of February 26, 2025. This move is part of the company’s strategy to enhance its financial position and potentially expand its operations, reflecting a positive step for its stakeholders and market presence.

Rimfire Pacific Mining Limited Releases Corporate Update on Exploration and Resource Results

Rimfire Pacific Mining Limited has released a corporate update highlighting the involvement of competent persons in the evaluation of exploration and resource results. The update emphasizes the expertise of David Hutton and Simon Tear, who have significant experience in mineralization and deposit types. This announcement underscores Rimfire’s commitment to maintaining high standards in resource assessment, potentially enhancing its credibility and positioning within the mining industry.