Botswana Diamonds (BOD) AI Stock Analysis

• Market Cap: £2.70M
• Dividend Yield: N/A
• Average Volume (3M): 1.47M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.45
• 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: -0.03
• Price to Book (P/B): 0.52
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -11.55
• 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: 46 Neutral
• Price Target: 0.24p ▼(-14.29% Downside)

The score is primarily constrained by weak financial performance (ongoing losses, minimal/inconsistent revenue, and sustained cash burn), only partially offset by the debt-free balance sheet. Technical signals are mixed/neutral, and valuation metrics are unfavorable/less informative due to negative earnings and no dividend support.

Positive Factors

Debt-free balance sheet

No reported debt materially lowers solvency risk and preserves financial flexibility over the medium term. For an exploration company this reduces default risk during multi-year prospecting cycles and improves optionality to pursue farm-outs, JV deals or staged funding without servicing fixed interest burdens.

Exploration monetization model

A model that monetizes de-risked exploration via farm-outs, partial sales or partner-funded development transfers capital intensity and geological risk to counterparties. This structural approach enables value crystallization without large permanent capex, aligning incentives with JV partners and limiting ongoing cash commitments.

Lean operating footprint

A very small headcount implies low fixed overhead and a lean management structure, which helps preserve runway while funding exploration intermittently. For a non-producing explorer, this structural nimbleness reduces recurring cash burn and makes it easier to scale activities via contractors or joint-venture partners.

Negative Factors

Persistent operating losses

Sustained operating and net losses indicate the company is not yet generating self-sustaining returns from its activities. Over several quarters this erodes investor capital, undermines internal funding capacity for exploration, and increases reliance on external financing or partner deals to sustain operations.

Weak cash generation

Consistent negative operating and free cash flow create a structural funding gap for exploration, driving ongoing cash burn. This raises the probability of dilutive capital raises or dependence on farm-outs/JVs under less favorable terms, constraining strategic autonomy and slowing project advancement.

Eroding shareholder equity

Declining equity reflects cumulative losses that reduce the company’s financial buffer and capacity to absorb further setbacks. Over the medium term this limits non-dilutive funding options, increases the need for external capital, and heightens dilution risk for existing shareholders if additional financing is required.

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

Overall financial profile is weak: persistent operating and net losses with minimal/inconsistent revenue and ongoing negative operating/free cash flow. A key offset is a debt-free balance sheet, but declining equity indicates continued value erosion and potential future funding/dilution risk.

Income Statement

The company remains in a loss-making profile with negative operating profit and net income across all reported years. Revenue is minimal and inconsistent (including multiple years at zero, and a drop to zero in 2025 after a small revenue base in 2023–2024), which limits operating leverage and visibility. While gross profit was positive in 2023–2024, operating costs continue to outweigh gross profit materially, keeping margins deeply negative and signaling a business still far from sustainable profitability.

Balance Sheet

The balance sheet is conservatively structured with no debt reported, reducing financial risk and providing flexibility. However, shareholder equity has trended down over time (from ~7.9m in 2021–2022 to ~4.4m in 2025), reflecting cumulative losses and ongoing value erosion. Returns on equity are consistently negative, indicating the capital base is not currently generating profits despite the low leverage.

Cash Flow

Cash generation remains weak, with operating cash flow and free cash flow consistently negative each year, implying ongoing cash burn to fund operations. Free cash flow volatility is notable (including a sharp deterioration in 2025 versus 2024), which adds funding risk if losses persist. A modest positive is that free cash flow is not meaningfully worse than net income in most periods (losses largely translate into cash outflow rather than being masked by accounting items), but the overall trajectory is still unfavorable.

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: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 0.24, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.87 is Neutral, neither overbought nor oversold. The STOCH value of 2.56 is Positive, 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	£4.16M	-0.50	-8.98%	―	-19.24%	-1347.92%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
COBR	52 Neutral	£42.58M	-75.83	-10.04%	―	―	―
KDR	49 Neutral	£1.13M	-3.59	-2.79%	―	―	23.81%
BOD	46 Neutral	£2.70M	-2.81	―	―	―	―
PDL	41 Neutral	£50.31M	-0.46	-70.13%	―	-45.11%	2.30%

Botswana Diamonds Corporate Events

Botswana Diamonds Wins Eight AI-Selected Copper Exploration Licences in Botswana

Botswana Diamonds has secured eight new prospecting licences covering about 7,000 square kilometres in north-western Botswana, following AI-driven analysis of its extensive exploration database that highlighted strong potential for copper, as well as gold and other critical minerals. The move marks a strategic diversification into energy-transition metals amid a weak diamond market, positioning the company to benefit from robust copper demand while it continues to monitor and invest in its core diamond assets; Botswana Diamonds is already in early talks with potential joint-venture partners and is preparing geophysical and geochemical surveys to define drill targets across the newly awarded licences.

The most recent analyst rating on (GB:BOD) stock is a Hold with a £0.32 price target. To see the full list of analyst forecasts on Botswana Diamonds stock, see the GB:BOD Stock Forecast page.

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.