Emmerson Resources Limited (ERM)

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General Information
Company Name: Emmerson Resources Limited
Stock Code: ERM
Website: www.emmersonresources.com.au
GICS Sub-Industry: Gold
Market Cap ($M): 16
Equiv. Shares (M): 377

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.044 $ 0.045 $ 0.045 $ 0.042 $ 0.043 1,987,126 $ 0.001  2.326 %

Company Overview

Business Description:
Emmerson Resources Limited (ERM) is a gold resource company. ERM is exploring the Tennant Creek Mineral Field (TCMF) in joint venture with Ivanhoe Australia Limited (Ivanhoe) pursuant to a Farm-in agreement whereby Ivanhoe is sole funding $28 million in exploration to acquire and retain a 51% interest in the majority of the Group’s tenements.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A -4.8 -1.7 -- 0.0 0.0 0.0 --
2012  A -1.7 -0.6 -- 0.0 0.0 0.0 --
2011  A -1.7 -0.7 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F
Emmerson Resources (ERM) $17 M -- -- -- -- -- -- 0.0000 -- --
Newcrest Mining (NCM) $8,202 M -0.5837 -0.1769 -0.5323 18.1695 22.0755 47.1989 0.0112 0.0000 0.0000
Northern Star Resources (NST) $987 M 0.2941 -0.0909 4.6450 25.4545 28.0000 4.9601 0.0208 0.0129 0.0808
OceanaGold (OGC) $989 M -- -- -0.3917 -- 7.6067 12.5048 0.0000 0.0000 0.0000
OZ Minerals (OZL) $1,441 M -- -- -0.1773 -- 52.9543 64.3631 0.0421 0.0237 0.0158

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
ERM -- -- 0.44 -- 430.0
Market 1.18 14.5 0.98 1.05 3.45
Sector 0.82 12.7 0.69 1.76 5.15

Name Position Start Date
Mr Rob Bills Chief Executive Officer,Managing Director 10 September 2007
Mr Andrew Ivor Bruce McIlwain Non-Executive Chairman 01 February 2007
Mr Simon Andrew Non-Executive Director 21 July 2006

Name Position
Trevor Alan Verran Chief Financial Officer,Company Secretary
Steve Russell Exploration Manager - Tennant Creek
Grant Osborne Principal Geologist

Substantial Shareholders
Holding Name
22,610,000 (8.66%) Inova Resources Limited
69,569,188 (26.63%) HSBC Custody Nominees (Australia) Limited - A/C 3

Calendar of Events
Date Event
28 April 2015 Report (Quarterly)
29 January 2015 Report (Quarterly)
28 October 2014 Report (Quarterly)
24 September 2014 Report (Annual)
30 July 2014 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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