Stock data
| Market cap. | A$26.5m |
| Last close | A$0.12 |
| High / Low (52 weeks) | A$0.2 / A$0.1 |
| Stock market listing | ASX |
| Forecast net debt (A$m) | 84.8 |
| Forecast gearing ratio (%) | 454 |
| Team | Resources - Mining |
| Sector | Mining |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (45.455) | (41.463) | (42.857) |
| Relative * | (43.283) | (40.874) | (35.95) |
* % Relative to local index
Other companies covered in sector
| Y/E Jun | Revenue (A$m) | EBITDA (A$m) | PBT (A$m) | EPS (fd) (c) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 0.2 | (0.4) | (0.4) | (0.2) | N/A | N/A |
| 2011A | 0.1 | (1.7) | (1.7) | (0.6) | N/A | N/A |
| 2012E | 0.0 | (0.1) | (9.0) | (4.2) | N/A | 44.4 |
| 2013E | 0.0 | (0.1) | (15.0) | (6.8) | N/A | N/A |
Last updated on 23/04/2012
Latest research
Offtake agreement
Flash note | Mining | 07/03/2012
Joint venture agreement
Flash note | Mining | 25/11/2011
Zircon to the forefront
Update | Mining | 03/08/2011
Zircon to the forefront
Outlook | Mining | 18/04/2011
Investment summary
On 18 April, Gunson announced the identity of the major East Asian industrial group with which it has been negotiating for an investment in its strategically-placed, construction-ready Coburn mineral sands project. It is Korean steel maker POSCO, which has requested an extension until mid-August 2012 to complete its internal review process and obtain board approval for the investment. Gunson is expected to be the project manager and mine construction may be accelerated as completion of the front-end engineering study is due for completion in mid-May. The company has a five-year sales agreement for its proposed chloride ilmenite product with Du Pont, the world’s largest manufacturer of titanium dioxide. Other off-take arrangements are stated to be well advanced.
Last updated on 23/04/2012
Industry outlook
Confirmation of the joint venture, together with required capital funding and off-take agreements will establish Gunson as a force in the sector, with one of the few significant advanced projects in the mineral sands industry.
Last updated on 23/04/2012
Key management
| David Craig, Chairman |
| David Harley, MD |
Company address
| L1 985 Wellington Street West Perth WA 6005 Australia View website |
