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Belararox Ltd.
(Sydney:VAN)
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Rating:44Neutral
Price Target:
AU$0.03
▲(13.33% Upside)
Action:Reiterated
Date:07/08/26
The score is primarily held back by weak financial performance (pre-revenue operations, widening losses, and ongoing cash burn), which outweighs the balance-sheet strength (no debt and higher equity). Technicals add pressure due to a clear downtrend versus key moving averages and a negative MACD, while valuation is hard to assess meaningfully given negative earnings and no dividend yield data.
Positive Factors
Debt-free balance sheet
The absence of debt and a marked equity increase provide durable financial flexibility. With no scheduled interest burden the company can prioritize project spending and exploration, reducing short-term refinancing risk and extending runway while pursuing milestone-driven value creation over coming months.
Negative Factors
Pre-revenue operations
Being pre-revenue with widening annual losses is a fundamental risk: without commercial cash flows the company must rely on capital markets or partners to fund operations. Continued negative profitability increases the chance of dilution or deferred projects if milestones do not translate into revenues.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt and a marked equity increase provide durable financial flexibility. With no scheduled interest burden the company can prioritize project spending and exploration, reducing short-term refinancing risk and extending runway while pursuing milestone-driven value creation over coming months.
Read all positive factors
Belararox Ltd. (VAN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$14.19M
Dividend YieldN/A
Average Volume (3M)604.76K
Price to Earnings (P/E)―
Beta (1Y)1.98
Revenue GrowthN/A
EPS Growth27.45%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding354,677,600
10 Day Avg. Volume456,617
30 Day Avg. Volume604,763
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)15.13
Price to Sales (P/S)0.00
P/FCF Ratio-233.70
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
Belararox Ltd. Business Overview & Revenue Model
Company Description
Vantage Metals Ltd. operates as a mineral exploration company, focused on securing and developing resources. It operates through the following geographical segments: Australia, Argentina, and Botswana. The company was founded on April 16, 2021 and...
Belararox Ltd. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
68
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.04M | -2.67M | -2.67M | -4.48M | -20.16M | -2.32M |
| Net Income | ― | -2.99M | -4.57M | -6.19M | -22.36M | -3.57M |
Balance Sheet | ||||||
| Total Assets | 56.97M | 50.99M | 56.97M | 46.36M | 33.85M | 22.54M |
| Cash, Cash Equivalents and Short-Term Investments | 6.19M | 26.00K | 6.19M | 3.95M | 1.49M | 26.83K |
| Total Debt | 0.00 | 1.60M | 0.00 | 3.17M | 15.63M | 10.46M |
| Total Liabilities | 13.38M | 8.03M | 13.38M | 16.66M | 25.56M | 20.46M |
| Stockholders Equity | 43.58M | 42.96M | 43.58M | 29.70M | 8.29M | 2.08M |
Cash Flow | ||||||
| Free Cash Flow | -7.26M | -9.61M | -8.74M | -5.93M | -7.69M | -5.42M |
| Operating Cash Flow | 0.00 | -2.89M | 0.00 | 0.00 | 0.00 | 0.00 |
| Investing Cash Flow | -6.68M | -5.33M | -7.16M | -5.99M | -7.75M | -638.85K |
| Financing Cash Flow | 13.84M | 1.67M | 13.35M | 10.38M | 16.85M | 5.96M |
Belararox Ltd. 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% | |
49 Neutral | AU$11.52M | -1.53 | -104.33% | ― | ― | -123.57% | |
45 Neutral | AU$11.09M | -3.44 | -22.69% | ― | ― | -36.09% | |
44 Neutral | AU$14.19M | -7.31 | -6.92% | ― | ― | 27.45% | |
43 Neutral | AU$6.32M | 8.57 | -23.96% | ― | ― | 93.92% | |
43 Neutral | AU$12.97M | -4.44 | -18.09% | ― | ― | 64.33% | |
42 Neutral | AU$5.84M | -3.11 | -492.76% | ― | ― | -378.95% |
* Basic Materials Sector Average
AU:VAN
Belararox Ltd.
0.04
-0.05
-52.94%
AU:MOH
Moho Resources Ltd.
0.01
0.00
0.00%
AU:RB6
Rubix Resources Limited
0.12
0.03
27.78%
AU:TG1
Techgen Metals Ltd.
0.03
<0.01
47.37%
AU:DUN
Dundas Minerals Limited
0.05
0.03
200.00%
AU:NFL
Norfolk Metals Ltd.
0.11
-0.03
-18.52%
Belararox Ltd. Corporate Events
Vantage Metals Secures New Funding as Botswana and Argentina Drilling Advances
Jul 28, 2026
Vantage Metals reported strong exploration progress at its Kalahari Copper Project in Botswana, where it completed an airborne electromagnetic survey and ionic soil sampling to refine targets along strike from the Khoemacau copper hub. Geophysical...
Vantage Metals to Issue 200,000 Unquoted 2026 Performance Rights
Jul 23, 2026
Vantage Metals Limited has notified the market of the planned issue of 200,000 unquoted 2026 Performance Rights. The new securities, to be issued on July 21, 2026, indicate the company is continuing to use long-term incentive structures, which may...
Vantage Metals Issues 10.5m Unquoted 2026 Performance Rights
Jul 23, 2026
Vantage Metals Limited has notified the market of the issue of 10.5 million unquoted 2026 performance rights, with an issue date of July 21, 2026. The new class of securities, to be confirmed by ASX, reflects the company’s continued use of p...
Vantage Metals launches flexible drilling campaign at Botswana copper project
Jul 22, 2026
Vantage Metals has begun diamond drilling at its Kalahari Copper Project in northwestern Botswana, mobilising a rig to test highly prospective sedimentary-hosted copper targets across three priority areas. The program, designed to run at least unt...
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.