Kingsrose Mining Limited (KRM)

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General Information
Company Name: Kingsrose Mining Limited
Stock Code: KRM
GICS Sub-Industry: Diversified Metals & Mining
Market Cap ($M): 143
Equiv. Shares (M): 359

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.395 $ 0.410 $ 0.410 $ 0.380 $ 0.400 109,866 $ -0.005  -1.250 %

Current Broker Consensus Recommendation more
Recommendation: Hold (3)
Recommendation Date: 17th Oct 2014
Brokers Surveyed: 1

Company Overview

Business Description:
Kingsrose Mining Limited (KRM) is a gold and silver exploration and development company. KRM flagship project is the Way Linggo Gold Project in Sumatra, Indonesia.

Strategy Analysis:
KRM’s strategy is to grow through exploration and through the acquisition of new projects and to emerge as a low cost gold miner. KRM currently focuses on the Way Linggo property located in the Rim of Fire on the Trans Sumatra Fault Zone, Indonesia. It aims to boost production of gold and silver at the project through new production areas, such as Talang Santo. Following the mining activities schedule in 2013, KRM will continue on preparation of an updated project feasibility study, environmental impact study and foresty permit, with the production forecast for annualized rate of more than 40,000oz Au. Kingsrose Mining reported positive cash flow of $183,000 for quarter ended 31 December 2012. Operating cash flow for the period was $(5.22m). Payments for exploration and evaluation were $(1.28m). Investing cash flow was $(416,000). Financing cash flow was $5.82m. Cash in hand at the end of the quarter was $8.84m.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016  F -- 6.5 38.2 6.2 2.0 5.0 --
2015  F -- 4.7 -- 8.5 2.0 5.0 --
2014  A -24.2 -6.2 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
BHP Billiton (BHP) $107,270 M 0.1223 -0.1217 0.2243 12.4907 14.2212 11.6154 3.85 4.28 4.45
Iluka Resources (ILU) $3,195 M -0.6600 -0.7714 4.1398 24.8777 108.8445 21.1768 1.18 1.84 3.46
Kingsrose Mining (KRM) $136 M -- -- 0.3817 -- 8.1023 5.8642 0.00 5.26 5.26
Rio Tinto (RIO) $25,871 M 0.5848 -0.3133 0.1020 7.7319 11.2588 10.2170 3.61 4.02 4.30
Sims Metal Management (SGM) $2,190 M 3.0215 1.1233 0.2954 31.7885 14.9713 11.5576 0.93 2.64 4.01

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
KRM 0.45 -- 2.06 -- 34.8
Market 0.89 15.1 1.22 1.70 1.49
Sector 0.68 11.0 0.81 0.95 3.17

Name Position Start Date
Mr Scott James Huffadine Managing Director 13 January 2014
Mr John Christopher Morris Non-Executive Chairman 17 August 2007
William Phillips Non-Executive Director 12 January 2005
Mr Andrew Spinks Non-Executive Director 22 August 2012

Name Position
Joanna Kiernan Company Secretary
Herryansyjah President Director - PT Natarang Mining

Substantial Shareholders
Holding Name
32,300,000 (9.62%) Advanced Concept Holdings Ltd
36,098,268 (13.07%) Rex Harbour and associates
20,000,000 (5.96%) KRM (WA) Pty Ltd

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


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