Botswana Diamonds (BOD) AI Stock Analysis

• Market Cap: £2.64M
• Dividend Yield: N/A
• Average Volume (3M): 1.47M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.53
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 6
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 1,198,002,900
• 10 Day Avg. Volume: 1,147,116
• 30 Day Avg. Volume: 1,471,752
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: 0.23p ▼(-18.57% Downside)

The score is held down primarily by weak financial performance—ongoing losses, inconsistent/near-zero revenue, and persistent negative free cash flow—despite the stabilizing benefit of a debt-free balance sheet. Technicals add only limited support due to muted momentum and price sitting below key short-to-mid-term moving averages, while valuation remains unattractive because earnings are negative and there is no dividend yield.

Positive Factors

Debt-free balance sheet

Having no reported debt materially reduces financial distress risk and interest obligations. For an explorer, this provides flexibility to pursue farm-outs or staged project funding without leverage pressure, preserving optionality during long exploration cycles.

Asset-light farm-out business model

A model focused on de-risking assets and monetizing via farm-outs or licence sales transfers capital requirements to partners. This structural approach can conserve cash, accelerate project advancement, and realize value without needing to become a capital-intensive producer.

Primary focus on Botswana

Concentrating exploration in Botswana positions the company within a jurisdiction known for diamond prospectivity and industry activity. This geographic focus can improve chances of partner interest, efficient permitting and access to regional technical expertise over the medium term.

Negative Factors

Persistent operating and net losses

Ongoing operating and net losses erode capital and limit the company's ability to self-fund exploration. Sustained unprofitability increases reliance on external funding or asset disposals, raising dilution and execution risk for multi-year exploration programs.

Consistent negative cash flow

Repeated negative operating and free cash flow indicate persistent cash burn, shrinking runway and increasing the urgency to secure partner funding or sell assets. This structural cash weakness constrains sustained exploration and licence maintenance without new capital.

Declining shareholder equity

A declining equity base reflects cumulative losses and reduces the balance sheet buffer available for risks. Lower equity limits financial flexibility, raises funding and dilution risk for future programs, and weakens the firm's resilience to prolonged industry cycles.

Botswana Diamonds Business Overview & Revenue Model

Company Description

Botswana Diamonds (BOD) is a diamond exploration and project development company focused on the identification and acquisition of diamond assets, primarily in Botswana, Zimbabwe, and South Africa. The company is involved in the exploration and development of diamond resources, leveraging its expertise in geology and mining to discover and potentially bring diamond projects to production. BOD operates in the natural resources sector with a core focus on diamond exploration and development.

How the Company Makes Money

Botswana Diamonds makes money by identifying promising diamond exploration targets and developing these into viable mining projects. The company generates revenue through the sale of its diamond assets, either by developing them into producing mines or by selling stakes in its projects to larger mining companies. Additionally, BOD may enter into joint ventures or strategic partnerships with other mining companies to co-develop its projects, which can provide funding and expertise, resulting in shared profits from the eventual sale of diamonds. These partnerships and the successful development of its exploration projects are significant contributors to its earnings.

Botswana Diamonds Financial Statement Overview

Summary

Botswana Diamonds shows potential growth in revenue, yet struggles with profitability and cash flow sustainability. The strong equity position provides some stability, but ongoing operational losses and negative cash flows pose significant risks. Addressing these financial challenges will be crucial for future success.

Income Statement

The company has seen a significant increase in revenue over the past year, with a revenue growth rate of approximately 54.96%. However, profitability remains a concern as both EBIT and EBITDA margins are negative, indicating ongoing operational losses. The net profit margin is also deeply negative, reflecting substantial net losses.

Balance Sheet

The balance sheet shows a strong equity position with zero debt, resulting in a debt-to-equity ratio of 0. The equity ratio is high at around 84.56%, which indicates stability. However, the continuous losses are eroding the equity base, which could be a risk if not addressed.

Cash Flow

The company has negative operating cash flow and free cash flow, indicating cash outflows from operations. The free cash flow has improved from the previous year, but remains negative. This poses a liquidity risk, although the company has been able to manage financing activities to support its cash needs.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	23.61K	15.23K	0.00	0.00
Gross Profit	0.00	0.00	13.81K	9.73K	0.00	0.00
EBITDA	-1.01M	-1.01M	-562.00K	-556.00K	-486.00K	-402.00K
Net Income	-1.01M	-1.01M	-564.00K	-3.68M	-739.00K	-472.00K
Balance Sheet
Total Assets	5.56M	5.56M	6.07M	6.13M	8.61M	8.13M
Cash, Cash Equivalents and Short-Term Investments	59.09K	59.09K	77.55K	199.44K	158.48K	164.66K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	1.17M	1.17M	937.73K	802.43K	744.15K	432.49K
Stockholders Equity	4.39M	4.39M	5.14M	5.33M	7.86M	7.86M
Cash Flow
Free Cash Flow	-195.72K	-195.72K	-487.18K	-604.31K	-573.38K	-492.02K
Operating Cash Flow	-195.72K	-195.72K	-417.43K	-471.99K	-310.51K	-317.49K
Investing Cash Flow	-67.25K	-67.25K	-69.74K	-132.32K	-222.26K	-262.87K
Financing Cash Flow	123.17K	245.67K	367.10K	646.90K	718.60K	723.40K

Botswana Diamonds Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.28
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BOD, the sentiment is Negative. The current price of 0.28 is above the 20-day moving average (MA) of 0.26, above the 50-day MA of 0.25, and above the 200-day MA of 0.23, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 43.33 is Neutral, neither overbought nor oversold. The STOCH value of 29.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:BOD.

Botswana Diamonds Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GEMD	63 Neutral	£3.88M	-0.46	-8.98%	―	-19.24%	-1347.92%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
COBR	52 Neutral	£41.65M	-74.17	-10.04%	―	―	―
BOD	44 Neutral	£2.64M	-2.75	―	―	―	―
KDR	44 Neutral	£982.18K	-3.13	-2.79%	―	―	23.81%
PDL	41 Neutral	£57.86M	-0.53	-70.13%	―	-45.11%	2.30%

Botswana Diamonds Corporate Events

Botswana Diamonds PLC Reports Strategic Expansion and AI-Driven Discoveries in 2025

Botswana Diamonds PLC reported significant progress in 2025 despite challenges in the diamond industry, characterized by strategic expansion and diversification into critical minerals like copper. The company leveraged artificial intelligence to identify new exploration targets, enhancing its portfolio and positioning itself for future growth. The use of AI has opened new opportunities and derisked early exploration stages, while the expansion into critical minerals aligns with government policy and offers potential for economic prosperity. The company remains financially prudent, maintaining a robust exploration pipeline in Botswana and South Africa, with a focus on value creation and strategic growth.

Botswana Diamonds Mourns the Loss of Cofounder David Horgan

Botswana Diamonds PLC announced the passing of David Horgan, a cofounder and director of the company. Horgan was a significant figure in the natural resources sector, having co-founded multiple companies and contributed to various exploration successes. His death represents a substantial loss to the company and the broader Irish resource sector, particularly as interest in exploration activities is gaining traction.