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Tasman Resources (AU:TAS)
ASX:TAS

Tasman Resources (TAS) AI Stock Analysis

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AU

Tasman Resources

(Sydney:TAS)

Rating:46Neutral
Price Target:
AU$0.00
▼(-100.00%Downside)
The overall stock score is primarily impacted by the poor financial performance, characterized by declining revenues, consistent losses, and high leverage. The technical analysis provides a neutral outlook with no clear momentum, while valuation metrics highlight significant challenges with a negative P/E ratio. The absence of earnings call data and notable corporate events further limits potential positive influences on the score.

Tasman Resources (TAS) vs. iShares MSCI Australia ETF (EWA)

Tasman Resources Business Overview & Revenue Model

Company DescriptionTasman Resources Ltd engages in the exploration of mineral properties in Australia. It explores for precious and base metals, including gold, copper, cobalt, nickel, and uranium, as well as iron-oxide. The company holds an interest in Lake Torrens located in South Australia. Tasman Resources Ltd was incorporated in 1987 and is based in Perth, Australia.
How the Company Makes MoneyTasman Resources Ltd primarily generates revenue through the exploration and development of its mineral resource projects. The company aims to create value by discovering and delineating mineral deposits, which can then be developed into profitable mining operations. Revenue streams may include the sale of mineral rights, joint ventures, or partnerships with larger mining companies. Additionally, Tasman Resources may earn income through the sale of exploration data, royalties, or by entering into strategic alliances with other companies in the mining industry. The success of these activities depends heavily on the outcomes of exploration efforts and the viability of developing discovered mineral resources into operational mines.

Tasman Resources Financial Statement Overview

Summary
Tasman Resources Ltd is facing significant financial difficulties, characterized by declining revenues, consistent losses, and high leverage. The company's ability to manage costs and improve operational efficiency is crucial to reversing the negative trends. There is a need for strategic financial restructuring to enhance liquidity and reduce dependency on external financing.
Income Statement
45
Neutral
The company's revenue dropped significantly by 57% over the last year, and it has been reporting consistent losses at the net income level. The gross profit margin and net profit margin are negative, indicating operational challenges and cost management issues. The EBIT and EBITDA margins are also negative, highlighting further inefficiencies in operations.
Balance Sheet
40
Negative
The debt-to-equity ratio is high, indicating significant leverage and potential risk in meeting financial obligations. Stockholders' equity has decreased substantially, reducing the equity ratio and increasing financial vulnerability. The return on equity is negative due to consistent net losses, further straining financial stability.
Cash Flow
50
Neutral
Operating cash flow is negative, reflecting challenges in generating cash from operations. Free cash flow remains negative, although it has shown some growth over the previous year. The company is heavily reliant on financing activities to sustain operations, which may not be sustainable in the long term.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
2.48M2.02M4.70M4.15M3.28M2.43M
Gross Profit
-751.89K1.39M-2.47M-3.64M-3.38M-5.15M
EBIT
-4.46M-17.09M-6.74M-7.38M-5.75M-9.23M
EBITDA
-15.12M-15.56M-15.75M-5.11M-4.55M-7.93M
Net Income Common Stockholders
-13.23M-13.13M-5.72M-2.60M-2.69M-3.89M
Balance SheetCash, Cash Equivalents and Short-Term Investments
857.51K987.69K2.74M2.30M6.01M1.44M
Total Assets
23.88M23.50M32.42M43.45M45.53M37.64M
Total Debt
16.04M14.03M10.32M4.91M5.27M6.03M
Net Debt
15.18M13.04M7.58M2.61M-742.17K4.58M
Total Liabilities
20.04M16.98M12.65M6.37M6.42M7.15M
Stockholders Equity
2.60M3.77M16.38M23.64M26.47M20.47M
Cash FlowFree Cash Flow
-4.37M-6.20M-5.55M-8.12M-9.30M-10.57M
Operating Cash Flow
-4.26M-5.46M-4.60M-6.61M-6.12M-7.97M
Investing Cash Flow
-596.95K-733.88K-1.11M-1.73M-4.37M-2.64M
Financing Cash Flow
3.58M4.45M6.15M4.50M15.26M7.86M

Tasman Resources 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
$2.02B-1.14-21.37%3.64%2.88%-30.57%
AUTAS
46
Neutral
$3.68M-139.72%-1.30%-304.41%
AUSBR
41
Neutral
AU$3.55M-14.76%-47.37%
AUAQX
39
Underperform
AU$3.75M-51.34%95.85%
AUM2R
35
Underperform
AU$3.49M-16.29%68.13%
AUIMI
27
Underperform
AU$4.23M-111.91%-392.61%
AUFIN
25
Underperform
AU$3.47M-20.32%90.91%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:TAS
Tasman Resources
0.02
<0.01
33.33%
AU:M2R
Miramar Resources Limited
0.01
0.00
0.00%
AU:AQX
Alice Queen Ltd.
AU:IMI
Infinity Mining Limited
0.01
-0.02
-66.67%
AU:FIN
Fin Resources Limited
0.01
0.00
0.00%
AU:SBR
Sabre Resources Ltd
0.01
-0.01
-50.00%

Tasman Resources Corporate Events

Eden Innovations Reports Growth in EdenCrete® Sales
May 29, 2025

Tasman Resources Limited has released an update from Eden Innovations Ltd regarding the sales of its EdenCrete® product. The announcement highlights the continued growth in sales of EdenCrete® products, with significant orders from the US, Ecuador, Mexico, and Canada. This expansion indicates a strengthening market presence and potential for increased revenue streams, reflecting positively on the company’s strategic positioning and stakeholder interests.

Tasman Resources Updates Rights Issue Offer Timeline
May 28, 2025

Tasman Resources Ltd has announced an update to its previous announcement regarding a proposed issue of securities. The company has extended the closing date for its Rights Issue Offer to June 16, 2025, with the results to be announced on June 17, 2025. This update is part of the company’s strategy to manage its capital structure and enhance shareholder value, potentially impacting its market positioning and stakeholder interests.

Tasman Resources Extends Rights Issue Closing Date
May 28, 2025

Tasman Resources Ltd has announced an extension of the closing date for its renounceable rights issue, aiming to raise up to $3.68 million. The new closing date is set for 16 June 2025, providing shareholders additional time to participate. This extension may impact the timeline for the issuance of new shares and options, reflecting the company’s commitment to accommodating shareholder participation and potentially affecting its capital structure and market positioning.

Tasman Resources Announces Rights Issue to Fund Drilling Program
May 22, 2025

Tasman Resources Ltd has announced a renounceable pro-rata rights issue, offering new shares to its shareholders in Australia and New Zealand. The initiative aims to raise approximately $1,997,550 to fund a drilling program at the Parkinson Dam prospect and support general working capital. Non-qualifying foreign shareholders will have their rights sold by a nominee, with proceeds distributed after costs. The offer is not underwritten, and additional shares may be available through a shortfall offer if not all shares are taken up.

Tasman Resources Launches $3.68 Million Entitlement Offer
May 22, 2025

Tasman Resources Ltd, an Australian company listed on the ASX, has announced the dispatch of its entitlement offer prospectus to eligible shareholders. This offer aims to raise approximately $3.68 million through a one-for-one pro-rata renounceable entitlement offer of fully paid ordinary shares. The offer is open until 2 June 2025, allowing eligible shareholders to subscribe for new shares and potentially apply for additional shares not taken up in the initial offer. This move is part of the company’s strategy to strengthen its financial position and potentially enhance shareholder value.

Tasman Resources Director Increases Shareholding Through Debt Conversion
May 16, 2025

Tasman Resources Limited has announced a change in the director’s interest notice concerning Mr. Douglas Howard Solomon. Mr. Solomon has acquired 10,032,441 ordinary shares through the conversion of debt valued at $200,649, increasing his indirect holdings to 41,622,113 shares. This transaction reflects a strategic financial maneuver to manage debt and potentially strengthen the company’s financial position.

Tasman Resources Director’s Shareholding Update
May 16, 2025

Tasman Resources Limited has announced a change in the director’s interest, specifically regarding Mr. Gregory Howard Solomon. The change involves the acquisition of 10,032,441 ordinary shares through the conversion of debt at $0.02 per share, increasing Mr. Solomon’s indirect holdings to 41,610,987 shares.

Tasman Resources Announces Renounceable Rights Issue to Raise Capital
May 15, 2025

Tasman Resources Ltd is conducting a renounceable pro-rata Rights Issue, offering approximately 184 million new shares at $0.02 each, with an option for every two new shares acquired. This initiative aims to raise up to $3.68 million, enhancing the company’s capital base. The offer is available to qualifying shareholders in Australia and New Zealand, with the new shares intended to be listed on the ASX. The options, however, will not be quoted. The rights issue is not underwritten, and the shares and options are considered speculative, carrying no guarantees on returns or future value.

Tasman Resources Issues Unlisted Options as Part of Strategic Transaction
May 14, 2025

Tasman Resources Ltd has announced the issuance of 500,000 unlisted options, each exercisable at $0.02 and expiring on May 14, 2028. This issuance is part of a previously announced transaction and is not intended to be quoted on the ASX, potentially impacting the company’s capital structure and stakeholder interests.

Tasman Resources Ltd Announces Quotation of New Securities on ASX
May 14, 2025

Tasman Resources Ltd has announced the quotation of 23,092,282 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of May 14, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially impacting stakeholders positively by increasing the company’s capital base.

Tasman Resources Updates Securities Issue Timetable
May 14, 2025

Tasman Resources Ltd has announced an update to its proposed issue of securities, specifically extending the timetable for its Rights Issue. The Prospectus lodgement date is now set for 16 May 2025, with the Record Date moved to 21 May 2025. This update may impact the company’s financial strategy and stakeholder engagement as it seeks to raise capital through this securities issuance.

Tasman Resources Announces Share Issue for Debt Conversion
May 9, 2025

Tasman Resources Ltd, an Australian company, has announced a share issue to convert outstanding director fees into equity, following shareholder approval. This move involves issuing over 23 million shares and 500,000 unlisted options, with the aim of consolidating debts and raising funds for its Parkinson Dam project. The entitlement offer is set to raise approximately $3.68 million, with normal trading of shares to commence on 14 May 2025.

Tasman Resources Ltd Completes 5-for-1 Securities Consolidation
May 7, 2025

Tasman Resources Ltd has completed a consolidation of its securities on a 5-for-1 basis, following shareholder approval at the recent General Meeting. This restructuring results in a new capital structure with 161,050,326 fully paid ordinary shares and 200,000 unlisted options. The consolidation is aimed at streamlining the company’s capital structure, and normal trading is set to resume on 9 May 2025.

Eden Innovations Expands EdenCretePz7 Reach with First Order from Holcim Mexico
May 6, 2025

Eden Innovations Ltd, a subsidiary of Tasman Resources, has secured its first order from Holcim Mexico for its product EdenCrete®Pz7, marking an expansion into the Mexican market. This development signifies a growing adoption of EdenCrete®Pz7 within the Holcim Group, now spanning three countries, and highlights the product’s potential impact on the concrete industry by improving concrete mix performance in multiple locations.

Tasman Resources Ltd Announces Securities Consolidation
May 5, 2025

Tasman Resources Ltd, an Australian company, announced that its shareholders have approved a consolidation of the company’s issued securities at a 5:1 ratio. This means that every five securities previously issued will be consolidated into one security. The consolidation is expected to be completed by 7 May 2025, and the company will confirm the completion to its shareholders. This move is likely aimed at streamlining the company’s equity structure, potentially impacting its market positioning and shareholder value.

Tasman Resources Ltd Passes Key Resolutions at General Meeting
Apr 24, 2025

Tasman Resources Ltd, an Australian company, announced the results of its General Meeting where all proposed resolutions were passed. These resolutions included the consolidation of capital and the conversion of unpaid director fees and debt into equity through the issuance of shares. The approval of these resolutions is expected to strengthen the company’s financial position by addressing outstanding liabilities and potentially enhancing shareholder value.

Eden Innovations Secures Major US Order for EdenCrete®Pz7
Apr 1, 2025

Tasman Resources Ltd, through its subsidiary Noble Energy Pty Ltd, holds a significant stake in Eden Innovations Ltd, which is involved in the development and supply of innovative construction materials. Eden Innovations has received its first large order for EdenCrete®Pz7 from Holcim US, valued at approximately US$91,800, to be used in a major construction project in Colorado. This order marks a significant milestone for Eden Innovations, as it expands its market presence in the US. Additionally, Holcim Group’s ongoing trials of EdenCrete®Pz7 in various countries indicate potential future growth and increased demand for Eden’s products.

Tasman Resources Updates Proposed Securities Issue Amid Consolidation Plans
Mar 26, 2025

Tasman Resources Ltd has announced an update regarding the proposed issue of securities, which involves a security consolidation on a 1 for 5 basis, pending shareholder approval on April 24, 2025. The update includes revised terms of free attaching unlisted options and confirms their expiry date. This move is part of Tasman Resources’ strategy to streamline its capital structure, potentially enhancing its market positioning and providing clarity to stakeholders on the future issuance of securities.

Tasman Resources Announces Proposed Securities Issue to Bolster Exploration Efforts
Mar 25, 2025

Tasman Resources Ltd has announced a proposed issue of securities, which includes the issuance of both unlisted options and ordinary fully paid shares. This move, structured as a standard pro rata issue, is aimed at raising capital to support the company’s ongoing operations and strategic initiatives. The issuance is expected to impact the company’s financial structure and provide additional resources for its exploration activities.

Tasman Resources Ltd Announces Proposed Securities Issue
Mar 25, 2025

Tasman Resources Ltd has announced a proposed issue of securities, including 2,500,000 unlisted options and 115,461,408 ordinary fully paid shares, with the issue date set for May 7, 2025. This move is part of the company’s strategy to raise capital, potentially impacting its market positioning and providing new opportunities for stakeholders as it seeks to advance its mineral exploration projects.

Tasman Resources Announces Security Consolidation
Mar 25, 2025

Tasman Resources Ltd has announced a security consolidation for its ordinary fully paid shares and options expiring on January 1, 2026. The consolidation will commence trading on a deferred settlement basis on May 5, 2025, with a record date of May 6, 2025, and an issue date of May 13, 2025. The consolidation has received the necessary security holder approval, which was determined on April 24, 2025.

Tasman Resources Ltd Announces General Meeting with Key Resolutions on Capital and Director Fees
Mar 25, 2025

Tasman Resources Ltd has announced a General Meeting of shareholders to be held on April 24, 2025, in Perth, Western Australia. The agenda includes a proposal for the consolidation of the company’s existing securities, where every five shares will be consolidated into one. Additionally, there are resolutions to convert unpaid director fees into equity for directors Douglas Solomon and Gregory Solomon, with specific share issuances contingent on the approval of the consolidation resolution. This meeting and its resolutions could significantly impact the company’s capital structure and governance, potentially affecting shareholder value and the company’s financial management strategies.

Tasman Resources Announces Restructuring and Capital Raising for Drilling Program
Mar 25, 2025

Tasman Resources Ltd announced a corporate restructuring and capital raising initiative to fund a drilling program at its Parkinson Dam prospect. The plan includes a shareholder entitlement offer to raise approximately $3.68 million and a debt conversion strategy to improve the company’s financial structure. This move aims to enhance Tasman’s operational capabilities and strengthen its market position by reducing debt and securing funds for exploration activities.

Tasman Resources Ltd Releases Half-Year Financial Report
Mar 14, 2025

Tasman Resources Ltd has released its condensed consolidated interim financial report for the half-year ended 31 December 2024. The report includes a review of operations, corporate directory, and various financial statements. This release provides insights into the company’s financial performance and operational activities during the period, which may influence its market positioning and stakeholder interests.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.