GOLDEN RIM RESOURCES LTD (GMR)



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General Information
Company Name: Golden Rim Resources Limited
Stock Code: GMR
Website: www.goldenrim.com.au
GICS Sub-Industry: Gold
Market Cap ($M): 13
Equiv. Shares (M): 568

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.023 $ 0.023 $ 0.024 $ 0.023 $ 0.023 579,128 0%

Company Overview

Business Description:
Golden Rim Resources Ltd (GMR) is an exploration and mining company with a focus on copper and gold projects in West Africa. GMR has licences covering over 5000km2 in the prospective Birimian greenstone belts of Mali and Burkina Faso. GMR is also pursuing drilling program in Sweden. GMR also has a 35% interest in Royal Falcon Mining, a company formed to acquire new and advanced projects. Royal Falcon is jointly owned by GMR and Royal Group of Abu Dhabi. Royal Group is also a major investor directly in GMR.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -10.2 -2.7 -- 0.0 0.0 0.0 --
2011  A -11.3 -3.4 -- 0.0 0.0 0.0 --
2010  A -5.3 -2.1 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Evolution Mining (EVN) $559 M -- 0.2450 0.2095 11.3833 9.1435 7.5598 0.0000 0.0114 0.0241
Golden Rim Resources (GMR) $13 M -- -- -- -- -- -- 0.0000 -- --
Newcrest Mining (NCM) $11,160 M -0.0378 -0.4472 0.0885 10.2905 18.6165 17.1033 0.0240 0.0221 0.0240
OZ Minerals (OZL) $1,253 M -0.6077 -0.5938 1.2807 9.9160 24.4090 10.7023 0.0726 0.0252 0.0434
Regis Resources (RRL) $1,722 M 0.7775 1.2675 0.3100 23.8472 10.5171 8.0284 0.0000 0.0552 0.0808

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
GMR -- -- 2.21 -- --
Market 1.08 13.3 0.91 2.59 2.57
Sector 0.59 9.02 0.70 2.13 7.50

Directors
Name Position Start Date
Mr Gilbert Christopher Rodgers Executive Director 22 August 2001
Mr Craig Ross Mackay Managing Director 08 October 2004
Mr Rick Wayne Crabb Non-Executive Chairman 22 August 2001
Mr Glenister Lamont Non-Executive Director 17 July 2007
Mr Nadir Al Hammadi Non-Executive Director 07 December 2009

Management
Name Position
Hayley Butcher Company Secretary
P Olubas Exploration Manager

Substantial Shareholders
Holding Name
54,481,450 (11.87%) PAL Technology Services LLC
28,538,083 (7.03%) Acorn Capital Limited

Calendar of Events
Date Event
28 April 2014 Report (Quarterly)
30 January 2014 Report (Quarterly)
29 October 2013 Report (Quarterly)
26 September 2013 Report (Annual)
24 July 2013 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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