Base Resources Limited (BSE)



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General Information
Company Name: Base Resources Limited
Stock Code: BSE
Website: www.baseresources.com.au
GICS Sub-Industry: Diversified Metals & Mining
Market Cap ($M): 110
Equiv. Shares (M): 564

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.195 $ 0.180 $ 0.195 $ 0.180 $ 0.160 82,100 $ 0.035  21.875 %

Company Overview

Business Description:
Base Resources Limited (BSE) is a mineral exploration company. BSE currently holds one flagship project which is Kwale Mineral Sands Project and one exploration project which is Kenyan Exploration Project.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A -14.1 -2.5 -- 0.0 0.0 0.0 --
2013  A -6.7 -1.3 -- 0.0 0.0 0.0 --
2012  A 0.3 0.1 -- 595.3 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
BHP Billiton (BHP) $90,056 M 0.1223 -0.2311 -0.0180 10.4862 13.6375 13.8881 4.58 5.22 5.41
Base Resources (BSE) $90 M -- -- -- -- -- -- 0.00 -- --
Iluka Resources (ILU) $2,504 M -0.6600 -0.9292 13.2765 19.4979 275.5760 19.3028 1.51 2.33 4.41
Rio Tinto (RIO) $23,849 M 0.5848 -0.2921 -0.3182 7.1276 10.0688 14.7679 3.92 4.57 4.70
Sims Metal Management (SGM) $2,346 M 3.0215 1.0065 0.3243 34.0463 16.9677 12.8131 0.87 2.41 3.66

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
BSE 3.00 -- 0.54 -- 3.76
Market 1.02 13.7 0.96 0.99 2.90
Sector 0.62 11.5 0.69 1.26 2.40

Directors
Name Position Start Date
Mr Colin Bwye Executive Director,Executive Director - Operations & Development 12 July 2010
Mr Timothy (Tim) James Carstens Managing Director 05 May 2008
Mr Andrew John King Non-Executive Chairman 28 May 2008
Mr Malcolm Hugh Macpherson Non-Executive Director 25 July 2013
Mr Samuel John Corbin Willis Non-Executive Director 23 May 2007
Mr Michael (Mike) Henry Stirzaker Non-Executive Director 28 November 2011
Dr Michael Anderson Non-Executive Director 28 November 2011

Management
Name Position
K Balloch Chief Financial Officer
Winton William Willesee Company Secretary
C Forbes General Manager - Environment & Community Affairs
J Schwarz General Manager - External Affairs & Development
S Hay General Manager - Marketing
D Vickers General Manager - Operations

Substantial Shareholders
Holding Name
43,604,398 (7.76%) L1 Capital Pty Limited
83,636,364 (19.90%) Pacific Road Capital II Pty Ltd
39,863,298 (8.66%) Acorn Capital Limited
56,851,215 (12.35%) Taurus SM Holdings Pty Limited
28,121,727 (5.01%) Genesis Asset Managers, LLP
30,711,971 (5.46%) Aterra Investments Ltd

Calendar of Events
Date Event
15 October 2015 Report (Annual)
07 October 2015 Report (Quarterly)
24 July 2015 Report (Quarterly)
06 April 2015 Report (Quarterly)
29 January 2015 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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