MIDAS RESOURCES LIMITED (MDS)



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General Information
Company Name: Midas Resources Limited
Stock Code: MDS
Website: www.midasresources.com.au
GICS Sub-Industry: Gold
Market Cap ($M): 1
Equiv. Shares (M): 541

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 1,100,000 0%

Company Overview

Business Description:
Midas Resources Limited (MDS) is a minerals exploration company with gold, iron ore, copper and uranium projects in Australia. Its main projects are Lake Carey, Leonora Gold Project and Paterson Province.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -1.2 -0.2 -- 0.0 0.0 0.0 --
2011  A -1.1 -0.3 -- 0.0 0.0 0.0 --
2010  A -1.1 -0.3 -- 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) $623 M -- 0.2450 0.2095 12.6801 10.1852 8.4211 0.0000 0.0102 0.0216
Midas (MDS) $1 M -- -- -- -- -- -- 0.0000 -- --
Newcrest Mining (NCM) $11,252 M -0.0378 -0.4472 0.0883 10.3753 18.7676 17.2442 0.0238 0.0220 0.0238
OZ Minerals (OZL) $1,232 M -0.6077 -0.5938 1.2807 9.7479 23.9953 10.5209 0.0739 0.0256 0.0441
Regis Resources (RRL) $1,712 M 0.7775 1.2675 0.3100 23.7154 10.4590 7.9840 0.0000 0.0556 0.0813

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
MDS -- -- 0.04 -- --
Market 1.11 13.3 0.91 2.51 2.66
Sector 0.55 8.50 0.70 1.92 7.33

Directors
Name Position Start Date
Mr Geoff Balfe Chief Executive Officer,Managing Director 10 August 2004
Mr John David Hopkins Non-Executive Chairman 01 June 2011
Dr Derek Fisher Non-Executive Director 10 April 2013

Management
Name Position
Mark Edward Pitts Company Secretary

Substantial Shareholders
Holding Name
59,677,605 (11.97%) Velsberry Pty Ltd
33,175,976 (6.66%) Velsberry Pty Ltd
39,500,755 (7.93%) Jungle Creek Gold Mines Pty Ltd

Calendar of Events
Date Event
18 April 2014 Report (Quarterly)
16 January 2014 Report (Quarterly)
28 October 2013 Report (Annual)
24 October 2013 Report (Quarterly)
16 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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