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Tasman Resources
(Sydney:TAS)
Tasman Resources (TAS) vs. iShares MSCI Australia ETF (EWA)
Tasman Resources Business Overview & Revenue Model
Tasman Resources Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.48M | 2.02M | 4.70M | 4.15M | 3.28M | 2.43M |
| Gross Profit | -751.89K | 1.39M | -2.47M | -3.64M | -3.38M | -5.15M |
| EBITDA | -15.12M | -15.56M | -15.75M | -5.11M | -4.55M | -7.93M |
| Net Income | -13.23M | -13.13M | -5.72M | -2.60M | -2.69M | -3.89M |
Balance Sheet | ||||||
| Total Assets | 23.88M | 23.50M | 32.42M | 43.45M | 45.53M | 37.64M |
| Cash, Cash Equivalents and Short-Term Investments | 857.51K | 987.69K | 2.74M | 2.30M | 6.01M | 1.44M |
| Total Debt | 16.04M | 14.03M | 10.32M | 4.91M | 5.27M | 6.03M |
| Total Liabilities | 20.04M | 16.98M | 12.65M | 6.37M | 6.42M | 7.15M |
| Stockholders Equity | 2.60M | 3.77M | 16.38M | 23.64M | 26.47M | 20.47M |
Cash Flow | ||||||
| Free 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 | 3.58M | 4.45M | 6.15M | 4.50M | 15.26M | 7.86M |
Tasman Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
44 Neutral | C$992.05M | -6.72 | -13.73% | 2.53% | 17.45% | -32.50% | |
42 Neutral | $3.63M | ― | -139.72% | ― | -1.30% | -304.41% | |
41 Neutral | AU$3.55M | ― | -14.76% | ― | ― | -47.37% | |
39 Underperform | AU$3.75M | ― | -51.34% | ― | ― | 95.85% | |
35 Underperform | AU$3.99M | ― | -16.29% | ― | ― | 68.13% | |
27 Underperform | AU$4.23M | ― | -113.71% | ― | ― | -392.61% | |
25 Underperform | AU$2.43M | ― | -20.32% | ― | ― | 90.91% |
Tasman Resources Corporate Events
Tasman Resources has identified a large prospective conductive target zone through magneto telluric and seismic surveys, located approximately 3 kilometers northeast of their most northerly drill hole, VUD 008. This discovery, which covers an area of approximately 7 square kilometers, shows promising mineralization, including copper, gold, uranium, and molybdenum, and suggests significant sulphide zoning. This could enhance the company’s exploration efforts towards higher-grade mineralization, potentially improving their market position and offering attractive opportunities for stakeholders.
Tasman Resources Limited has announced a significant change in the interests of its director, Mr. Gregory Howard Solomon. On June 19, 2025, Mr. Solomon acquired 42,132,555 ordinary shares and 21,066,278 unlisted options as part of a debt conversion detailed in an entitlement offer prospectus dated May 15, 2025. This acquisition, which involved the repayment of a shareholder loan valued at $842,651, considerably increases Mr. Solomon’s holdings in the company, potentially impacting the company’s governance and shareholder dynamics.
Eden Innovations Ltd has announced that its EdenCrete® products are being increasingly utilized in significant construction projects in the Denver, Colorado area. These projects include a 22-story high-rise building, two large public swimming pools, and a major upgrade of the Interstate Highway 70 Mountain Corridor. The use of EdenCrete®Pz7 in these projects highlights the growing demand for the company’s innovative concrete solutions, potentially enhancing its market position and offering substantial benefits to stakeholders.
Eden Innovations Ltd is progressing with the sale of a 65-acre industrial property in Augusta, Georgia, for US$5 million. The anticipated settlement date is 25 August 2025, pending final permitting approval. The sale proceeds will be used to repay approximately 70% of an existing loan, significantly reducing the company’s debt and associated costs. The purchaser, JB2 Partners LLC, has shown strong commitment to the development, supported by local authorities, and is preparing for construction post-settlement.
Tasman Resources Ltd has announced the issuance of 47,605,088 unquoted securities, specifically options expiring on June 5, 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 financial strategy and stakeholder interests.
Tasman Resources Ltd has announced the application for quotation of 95,210,141 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of previously announced transactions and is expected to enhance the company’s market presence, potentially impacting its operational capacity and stakeholder interests positively.
Tasman Resources Ltd has concluded its pro-rata renounceable entitlement offer, raising a total of $218,900.62 in cash proceeds before expenses. The offer included the issuance of 95,210,141 new shares and 47,605,088 new options, with significant participation from related entities of the company’s directors, which helped reduce shareholder loans by $1,685,302.20. The remaining shareholder loans now stand at $55,850, and the company retains the right to place the remaining shortfall shares within three months.
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 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 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 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 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 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 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 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 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 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 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 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 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 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, 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, 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.