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Golden Rim Resources Ltd
(Sydney:AS1)
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Rating:47Neutral
Price Target:
AU$0.13
▲(33.00% Upside)
Action:Reiterated
Date:10/02/26
The score is primarily constrained by weak financial performance—persistent losses, limited recurring revenue, and ongoing negative free cash flow—despite a relatively low-debt balance sheet. Technicals add modest support with price slightly above major moving averages and neutral-to-positive RSI/Stoch readings, but a negative MACD keeps momentum mixed. Valuation is also a drag due to negative earnings (negative P/E) and no indicated dividend yield.
Positive Factors
Low leverage
A largely debt-free balance sheet limits fixed financial obligations and reduces solvency pressure while the company funds exploration. This gives Golden Rim more flexibility to preserve capital, pursue resource opportunities, and manage funding needs without heavy interest burdens.
Negative Factors
Persistent cash burn
Consistently negative operating and free cash flow means the business is not self-funding its exploration activities. Continued cash burn can require external financing over the next several quarters, creating dilution or funding pressure and limiting flexibility if capital markets weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
A largely debt-free balance sheet limits fixed financial obligations and reduces solvency pressure while the company funds exploration. This gives Golden Rim more flexibility to preserve capital, pursue resource opportunities, and manage funding needs without heavy interest burdens.
Read all positive factors
Golden Rim Resources Ltd (AS1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$272.14M
Dividend YieldN/A
Average Volume (3M)1.73M
Price to Earnings (P/E)―
Beta (1Y)1.42
Revenue GrowthN/A
EPS Growth-53.33%
CountryAU
Employees146
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,093,351,600
10 Day Avg. Volume1,346,752
30 Day Avg. Volume1,733,286
Financial Highlights & Ratios
PEG Ratio-1.29
Price to Book (P/B)1.99
Price to Sales (P/S)0.00
P/FCF Ratio-69.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.35Price Target Upside250.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Golden Rim Resources Ltd Business Overview & Revenue Model
Company Description
Asara Resources Limited specializes in the discovery and advancement of mineral properties across diverse geographies, including Australia, Guinea, Burkina Faso, and Chile. The company's primary objective is the search for economically viable depo...
How the Company Makes Money
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Golden Rim Resources Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 8.41M |
| Gross Profit | -156.93K | -101.58K | -70.95K | -86.84K | 8.41M |
| EBITDA | -3.96M | -1.79M | -1.32M | -8.05M | -2.40M |
| Net Income | -3.57M | -1.46M | 1.54M | -8.07M | -2.28M |
Balance Sheet | |||||
| Total Assets | 105.24M | 29.74M | 28.21M | 23.53M | 21.10M |
| Cash, Cash Equivalents and Short-Term Investments | 59.75M | 3.20M | 1.34M | 1.64M | 2.61M |
| Total Debt | 0.00 | 0.00 | 500.00K | 0.00 | 8.52M |
| Total Liabilities | 4.15M | 386.46K | 1.68M | 1.51M | 696.57K |
| Stockholders Equity | 103.10M | 30.77M | 27.93M | 23.19M | 22.36M |
Cash Flow | |||||
| Free Cash Flow | -2.94M | -4.09M | -1.81M | -2.25M | -5.01M |
| Operating Cash Flow | -2.02M | -1.50M | -1.79M | -2.18M | -4.89M |
| Investing Cash Flow | -17.52M | 85.63K | -2.10M | -6.60M | -7.34M |
| Financing Cash Flow | 76.67M | 3.17M | 3.59M | 7.81M | 10.58M |
Golden Rim Resources Ltd Technical Analysis
Positive
0.10
Price Trends
0.13
Negative
0.13
Negative
0.13
Positive
Market Momentum
>-0.01
Negative
49.96
Neutral
91.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AS1, the sentiment is Positive. The current price of 0.1 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.13, and below the 200-day MA of 0.13, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.96 is Neutral, neither overbought nor oversold. The STOCH value of 91.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:AS1.
Golden Rim Resources Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$263.39M | 3.46 | 25.21% | 3.95% | 28.38% | 127.83% | |
64 Neutral | AU$262.88M | 2.74 | 26.58% | ― | 118.61% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$376.09M | -35.71 | -5.89% | ― | ― | 9.68% | |
48 Neutral | AU$264.26M | -10.44 | -80.60% | ― | -100.00% | -1011.90% | |
47 Neutral | AU$272.14M | -56.52 | -4.59% | ― | ― | -53.33% | |
41 Neutral | AU$254.58M | -27.39 | -12.57% | ― | ― | 59.02% |
* Basic Materials Sector Average
AU:AS1
Golden Rim Resources Ltd
0.13
0.04
47.73%
AU:TGM
Theta Gold Mines
0.19
-0.08
-28.85%
AU:TBR
Tribune Resources Limited
5.02
-1.28
-20.37%
AU:MRT
Horizon Minerals Ltd
0.71
-0.53
-42.68%
AU:STN
Saturn Metals Ltd.
0.50
-0.11
-18.03%
AU:BGD
Barton Gold Holdings Limited
0.98
-0.31
-23.83%
Golden Rim Resources Ltd Corporate Events
Asara Resources Flags Governance Overhaul After Year of Growth
Sep 28, 2026
Asara Resources Limited has detailed its corporate governance practices for the year ended 30 June 2026, highlighting a framework built around high standards of ethics, integrity and legal compliance. The board has largely aligned its policies wit...
Asara Resources Publishes 2026 Annual Report and Governance Overview
Sep 28, 2026
Asara Resources has released its annual report for the year ended 30 June 2026, outlining its operating and financial performance, governance structure, and audited financial statements. The report details the company’s board composition, au...
Asara Resources Sets November Date and Timetable for 2026 AGM
Sep 28, 2026
Asara Resources Limited has scheduled its 2026 annual general meeting of shareholders for 20 November 2026 in Western Australia. The company has opened the formal process for director nominations ahead of the meeting, signaling the upcoming opport...
Asara Resources Seeks ASX Quotation for 5 Million New Shares
Sep 15, 2026
Asara Resources Limited has applied for the quotation of 5,000,000 ordinary fully paid shares on the Australian Securities Exchange, with an issue date of September 14, 2026. The application, lodged as a new announcement under Appendix 2A, indicat...
S&P Dow Jones Indices Unveils September 2026 S&P/ASX Quarterly Rebalance
Sep 4, 2026
SP Dow Jones Indices has announced the September 2026 quarterly rebalance of the SP/ASX index family, with changes to the constituents of the SP/ASX 50, 100, 200, and 300 indices taking effect before the market opens on 21 September, while the SP/...
Asara Resources affirms updated Kada gold resource and exploration results
Aug 31, 2026
Asara Resources has released a corporate presentation outlining an updated Mineral Resource Estimate for its Kada Gold Project in Guinea. The company states that the new estimate, first reported on 31 August 2026, supersedes its October 2023 resou...
Asara Resources Doubles Kada Gold Resource as Indicated Ounces Surge
Aug 31, 2026
Asara Resources has announced a sharply expanded interim Mineral Resource estimate for its Kada Gold Project in Guinea, lifting total resources to 92.9Mt at 0.70g/t gold for 2.08Moz, a 125% increase in contained ounces over the 2023 estimate. The ...
Asara Resources Plans Placement of 5 Million New Shares on ASX
Aug 31, 2026
Asara Resources Limited has announced a proposed placement of up to 5,000,000 ordinary fully paid shares on the ASX, with the new securities expected to be issued on 7 September 2026. The move reflects the company’s continued reliance on equ...
Asara Resources Expands Kada Gold Project With Damissa Koura Acquisition
Aug 31, 2026
Asara Resources has agreed to acquire Arafura Ouest PTE Ltd, which holds the Damissa Koura and Kankan West exploration permits in Guinea’s Siguiri Basin. The transaction will lift Asara’s regional landholding to about 301 square kilome...
Asara Resources Expands Share Capital Via Compliant Secondary Issuance
Aug 21, 2026
Asara Resources Limited has issued 2,173,650 fully paid ordinary shares and advised that the issuance was made without a prospectus under the Corporations Act disclosure provisions. The company confirmed its ongoing compliance with key reporting a...
Asara Resources Issues New Shares for FY 2026 Employee Incentives
Aug 21, 2026
Asara Resources Limited has issued 2,173,650 ordinary fully paid shares to employees as satisfaction of its financial year 2026 short-term incentive payment. The new shares, dated 20 August 2026, are being quoted on the ASX under the company’...
Asara Resources Sells Non-Core Chile Paguanta Project to Ajax
Aug 18, 2026
Asara Resources Limited has agreed to divest its interest in the Paguanta Copper and Silver-Lead-Zinc Project in northern Chile to Aquis Exchange-listed Ajax Resources PLC, under a binding share purchase agreement. The Paguanta asset has been on c...
Asara Resources Unveils High-Grade Gold Hits at Kada’s Massan Deposit
Jul 29, 2026
Asara Resources has reported strong new assay results from drilling on the southern extension of the Massan Deposit at its flagship Kada Gold Project in Guinea. The latest campaign comprised 57 drill holes totaling 7,146 metres, marking the first ...
Asara Resources Issues 13 Million Unquoted Performance Rights
Jul 27, 2026
Asara Resources Limited has issued 13 million unquoted performance rights expiring on July 22, 2030, under an employee incentive scheme. The move reinforces the company’s focus on incentivising and retaining key personnel over the long term,...
Asara Resources Boosts Capital with Share Placement to Advance Kada Gold Project
Jul 8, 2026
Asara Resources Limited has issued 30,746,456 fully paid ordinary shares under a previously announced placement, following shareholder approval in June 2026. The new shares were issued without a disclosure document under the relevant provisions of...
Asara Resources Expands Quoted Share Capital on the ASX
Jul 6, 2026
Asara Resources Limited is an ASX-listed company operating in the resources sector, with its ordinary fully paid shares traded under the ticker AS1. The company participates in the Australian capital markets through the issuance and quotation of s...
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.