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Gold 50 Ltd.
(Sydney:G50)
Gold 50 Ltd. (G50) vs. iShares MSCI Australia ETF (EWA)
Gold 50 Ltd. Business Overview & Revenue Model
Gold 50 Ltd. Financial Statement Overview
| Breakdown | ||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 0.00 | -6.80K | -42.04K | -8.60K | -374.00 | EBIT |
| ― | -1.87M | -2.44M | -2.04M | -262.11K | EBITDA |
| ― | -1.87M | -2.37M | -2.03M | -261.74K | Net Income Common Stockholders |
| ― | -1.89M | -2.42M | -2.04M | -555.38K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 4.19M | 1.40M | 689.41K | 5.51M | 440.78K | Total Assets |
| 15.63M | 11.22M | 10.18M | 11.09M | 2.29M | Total Debt |
| 319.22K | 363.79K | 447.72K | 0.00 | 0.00 | Net Debt |
| -3.87M | -1.04M | -241.69K | -5.51M | -440.78K | Total Liabilities |
| 561.71K | 699.26K | 721.34K | 212.97K | 312.31K | Stockholders Equity |
| 15.07M | 10.53M | 9.46M | 10.88M | 1.98M |
| Cash Flow | Free Cash Flow | |||
| ― | -1.86M | -4.77M | -4.61M | -2.18M | Operating Cash Flow |
| ― | -1.26M | -1.48M | -1.44M | -471.77K | Investing Cash Flow |
| ― | -597.96K | -3.32M | -3.16M | -1.71M | Financing Cash Flow |
| ― | 2.56M | -26.89K | 9.61M | 2.61M |
Gold 50 Ltd. Technical Analysis
Gold 50 Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $29.05B | 24.64 | 11.01% | 2.58% | 25.11% | 28.88% | |
78 Outperform | $3.26B | 9.21 | 26.42% | 3.00% | 54.37% | 310.22% | |
75 Outperform | $17.45B | 25.24 | 16.97% | 1.36% | 60.56% | 302.20% | |
74 Outperform | $3.73B | ― | -0.38% | ― | 29.83% | 93.23% | |
54 Neutral | AU$1.34B | 12.50 | 14.70% | ― | 861.38% | ― | |
50 Neutral | $1.99B | -1.06 | -21.34% | 3.71% | 2.03% | -30.65% | |
39 Underperform | ― | -12.28% | ― | ― | 57.84% |
Gold 50 Ltd. Corporate Events
Gold 50 Ltd. has commenced significant drilling activities at its Golconda Project in Arizona and White Caps Project in Nevada. The Phase 2 RC drilling at Golconda aims to explore high-grade gallium and precious metals, while initial mineralogy and metallurgical test work has begun to assess gallium recovery methods. The White Caps Project saw the completion of a maiden RC drilling program targeting low-grade gold. The recent executive order by President Trump to boost American mineral production is expected to positively impact the Golconda Project, aligning with the company’s focus on strategic minerals for military readiness. This has attracted interest from potential partners and the Defense Department, emphasizing the importance of a domestic supply chain for strategic metals amid geopolitical tensions.
G50 Corp Limited has commenced Phase 2 of its RC drilling program at the Golconda Project in Arizona, following up on high-grade discoveries of gallium, gold, and silver made in 2023. This drilling aims to expand the understanding of the mineralization’s depth and strike extent and explore new targets. The project is strategically located in a region with significant interest due to geopolitical and commercial demands, positioning G50 Corp as a potential contributor to the Western world’s strategic material supply needs.
G50 Corp Limited has engaged SGS Canada Inc. to conduct metallurgical test work at the Golconda Project in Arizona, aiming to evaluate the recovery potential of gallium and barium. This initiative follows the discovery of a gallium halo within a zone that also contains high-grade zinc-lead mineralization, with the test work intended to enhance technical understanding and capitalize on market interest in strategic minerals.
Gold 50 Ltd. has announced a change in the interests of its director Ian Davies in the company’s securities. The recent transaction involved the acquisition of 166,667 fully paid ordinary shares by Charmian Investments Pty Ltd, with the shares issued for a cash consideration of $0.15 per share, raising the total shares held to 1,623,218. This change, approved by shareholders, signifies a potential increase in the director’s influence and stake in the company.
G50 Corp Limited has issued 6,517,253 fully paid ordinary shares without disclosure to investors under specific provisions of the Corporations Act. The company confirms compliance with applicable legal provisions and reports no excluded information, with the notice authorized for release by the G50 board.
Gold 50 Ltd. has announced the application for the quotation of 433,333 fully paid ordinary securities on the Australian Securities Exchange, issued as part of previously announced transactions. This development indicates the company’s ongoing efforts to strengthen its capital structure and potentially expand its operational capabilities, which could have significant implications for its stakeholders and market presence.
G50 Corp Limited has announced a new issuance of 6,083,920 ordinary fully paid securities to be quoted on the Australian Securities Exchange (ASX) under the code G50. This issuance is part of a transaction previously announced to the market, reflecting the company’s ongoing efforts to enhance its financial operations and potentially increase its market capitalization.