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): 109
Equiv. Shares (M): 359

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.305 $ 0.330 $ 0.330 $ 0.305 $ 0.335 525,135 $ -0.030  -8.955 %

Current Broker Consensus Recommendation more
Recommendation: Hold (3)
Recommendation Date: 10th Nov 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 4.7 2.0 6.6 --
2015  F -- 4.7 -- 6.5 2.0 6.6 --
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) $102,132 M 0.1223 -0.1576 0.0962 11.8923 14.1176 12.8792 4.04 4.55 4.73
Iluka Resources (ILU) $2,780 M -0.6600 -0.8627 7.6081 21.6498 157.7197 18.3223 1.36 1.74 2.72
Kingsrose Mining (KRM) $120 M -- -- 0.3817 -- 7.1429 5.1698 0.00 5.97 5.97
Rio Tinto (RIO) $24,581 M 0.5848 -0.2956 0.0869 7.3464 10.4295 9.5960 3.80 4.25 4.55
Sims Metal Management (SGM) $2,100 M 3.0215 1.0042 0.3260 30.4813 15.2090 11.4701 0.97 2.69 4.08

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
KRM 0.33 -- 1.57 -- 26.5
Market 0.92 15.1 1.19 1.73 1.50
Sector 0.65 11.1 0.75 0.96 2.59

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

Name Position
Matthew Smith Chief Financial Officer
Joanna Kiernan Company Secretary
Ashley McAleese Operations Manager
Herryansjah President Director, PT Natarang Mining (PTNM)

Substantial Shareholders
Holding Name
20,000,000 (5.58%) KRM (WA) Pty Ltd
32,300,000 (9.01%) Advanced Concept Holdings Ltd
64,729,940 (15.26%) Rex Harbour and associates

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)
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