West Wits Mining Limited (WWI) AI Stock Analysis

• Market Cap: AU$70.96M
• Dividend Yield: N/A
• Average Volume (3M): 4.95M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.48
• Revenue Growth: N/A
• EPS Growth: -28.57%
• Country: AU
• Employees: 5
• Sector: Basic Materials
• Sector Strength: 66
• Industry: Gold
• EPS (TTM): 0.00
• Shares Outstanding: 2,628,326,700
• 10 Day Avg. Volume: 3,046,007
• 30 Day Avg. Volume: 4,951,942
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.32
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.81
• 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: 48 Neutral
• Price Target: AU$0.00 ▼(-100.00%Downside)

West Wits Mining Limited's financial challenges heavily weigh down its overall score, with consistent operational losses and negative cash flows posing significant risks. While technical indicators show short-term positive trends, an overbought RSI suggests caution. The lack of positive valuation metrics further reduces attractiveness.

West Wits Mining Limited Business Overview & Revenue Model

Company Description

West Wits Mining Limited explores for and develops gold and base metals mining tenements in South Africa and Western Australia. Its flagship project is the Witwatersrand Basin project located in South Africa. The company was incorporated in 2007 and is based in Melbourne, Australia.

How the Company Makes Money

West Wits Mining Limited generates revenue primarily through the exploration and development of mineral resources, focusing on gold and uranium. The company's revenue model is based on advancing its mining projects to production and subsequently selling the extracted minerals. Key revenue streams include the sale of gold and uranium extracted from its projects, strategic partnerships, and potential joint ventures that may provide additional funding and resources for project development. West Wits Mining's earnings are significantly influenced by factors such as commodity prices, operational efficiency, and successful exploration results, which can enhance the value of its mining assets.

West Wits Mining Limited Financial Statement Overview

Summary

West Wits Mining Limited encounters severe financial difficulties, marked by declining revenues, negative profit margins, and negative cash flows. Despite a strong equity position, persistent losses jeopardize long-term financial stability.

Income Statement

West Wits Mining Limited has shown a significant decline in revenue over recent years, with a sharp revenue decrease from 2019. Gross profit margins are consistently negative, indicating high costs relative to revenues. Net profit margins are also negative, pointing to ongoing losses. The company is struggling with negative EBIT and EBITDA margins, highlighting operational inefficiencies and ongoing financial challenges.

Balance Sheet

The balance sheet shows a reasonable equity base, but the company is facing challenges with its debt levels. The debt-to-equity ratio is low, indicating low leverage, but this is offset by the consistent net losses impacting equity. The equity ratio is relatively strong, suggesting that the company has a solid asset base compared to liabilities. However, persistent losses could erode equity over time if not addressed.

Cash Flow

Cash flow statements reveal negative free cash flow and operating cash flow, indicating that the company is not generating enough cash from operations to cover its capital expenditures. This results in a reliance on financing activities to support cash needs. The operating cash flow to net income ratio is negative, reflecting significant cash outflows relative to losses.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
33.00K	28.00K	66.00K	67.00K	78.00K	142.00K
	Gross Profit
-21.00K	-110.00K	-50.00K	-33.00K	74.00K	-790.00K
	EBIT
-1.80M	-1.69M	-3.15M	-3.91M	-1.41M	-1.68M
	EBITDA
-1.80M	-1.68M	-2.95M	-5.53M	-1.33M	8.06M
	Net Income Common Stockholders
-2.35M	-1.68M	-2.75M	-5.28M	-341.00K	-1.67M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
980.00K	1.41M	1.37M	2.33M	973.00K	1.20M
	Total Assets
29.88M	28.23M	25.93M	27.28M	15.49M	12.09M
	Total Debt
1.62M	68.00K	150.00K	1.00M	129.00K	1.92M
	Net Debt
644.00K	-1.34M	-1.22M	-1.33M	-844.00K	714.00K
	Total Liabilities
4.98M	3.10M	3.14M	5.01M	2.57M	4.95M
	Stockholders Equity
32.56M	32.53M	30.17M	28.76M	18.85M	13.08M
Cash Flow		Free Cash Flow
-2.49M	-2.92M	-4.92M	-13.30M	-4.72M	-1.73M
	Operating Cash Flow
-1.40M	-1.53M	-2.68M	-3.00M	-2.01M	-1.43M
	Investing Cash Flow
-2.22M	-1.40M	-2.24M	-10.30M	-2.71M	-300.00K
	Financing Cash Flow
3.08M	2.90M	4.44M	14.67M	4.54M	2.72M

West Wits Mining Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WWI, the sentiment is Positive. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 99.49 is Negative, neither overbought nor oversold. The STOCH value of 81.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WWI.

West Wits Mining Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$2.03B	-1.27	-21.09%	3.98%	2.91%	-30.50%
WWI	48 Neutral	AU$70.96M	―	-7.39%	―	―	-28.57%
NESRF		$20.90B	28.03	11.01%	2.07%	―	―
RMGGF		$788.57M	41.67	-5.02%	―	―	―
CAHPF		$11.89B	26.72	16.97%	1.43%	―	―
ELKMF		$2.43B	28.31	13.42%	0.77%	―	―

West Wits Mining Limited Corporate Events

West Wits Mining Initiates Trading Halt for Capital Raising Announcement

West Wits Mining Limited, listed on the ASX under the ticker WWI, has requested a trading halt on its securities pending an announcement regarding a proposed capital raising. This move is intended to manage the company’s continuous disclosure obligations and is expected to last until the announcement is made or normal trading resumes on 16 June 2025. The halt reflects the company’s strategic efforts to secure additional capital, which could impact its operational capabilities and market positioning.

West Wits Mining Issues Over 3 Million New Shares

West Wits Mining Limited has announced the issuance of 3,209,830 fully paid ordinary shares following the conversion of two convertible notes. This strategic move, executed without disclosure to investors under specific provisions of the Corporations Act, reflects the company’s compliance with regulatory requirements and its ongoing efforts to strengthen its financial position.

West Wits Mining Limited Issues New Securities to Enhance Market Position

West Wits Mining Limited announced the issuance of 3,209,830 ordinary fully paid securities, which are set to be quoted on the ASX. This move is part of the company’s strategy to capitalize on exercised options or converted securities, potentially impacting its financial structure and market positioning by increasing its available capital.

West Wits Mining Sees Surge in Trading Amid Positive Developments

West Wits Mining Limited has experienced a notable increase in its securities’ price and trading volume, attributed to recent announcements and external factors. The company recently confirmed a credit-approved term sheet for a significant loan facility and is progressing with funding negotiations for its Qala Shallows project. Additionally, the rising gold prices and positive third-party commentary have contributed to the trading activity.

West Wits Mining Limited Announces Cessation of Securities

West Wits Mining Limited announced the cessation of 5,000,000 securities due to the expiry of options or other convertible securities without exercise or conversion. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and market positioning.

West Wits Mining Secures Funding and Launches Strategic Review Amid Gold Price Surge

West Wits Mining Limited has secured a senior debt facility of up to ZAR 902.5 million (~USD 50 million) from the Industrial Development Corporation of South Africa and Absa Bank Limited for its Qala Shallows Gold Project. This funding, covering 55% of the project costs, marks a significant step towards production, with the first gold pour targeted for Q4 2025. In light of gold prices exceeding USD 3,000/oz, the company is conducting a strategic review to optimize its mining plans and potentially unlock additional value from the Witwatersrand Basin Project.

West Wits Mining to Reassess Witwatersrand Basin Project Amid Gold Price Surge

West Wits Mining Limited is undertaking a strategic review of its Witwatersrand Basin Project in response to the recent rise in gold prices, which now exceed US$3,000 per ounce. This review aims to reassess project assumptions and potentially unlock previously excluded mining zones, enhancing the project’s economic viability. The review will focus on optimizing the Qala Shallows Mine Plan and exploring opportunities in the Main Reef and Bird Reef areas, with the potential to increase ore reserves and accelerate production. This initiative is expected to set the company’s strategic direction for the next 3 to 5 years, maximizing the value of its mining assets.