Middle Island Resources Limited (MDI)

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General Information
Company Name: Middle Island Resources Limited
Stock Code: MDI
Website: www.middleisland.com.au
GICS Sub-Industry: Gold
Market Cap ($M): 1
Equiv. Shares (M): 125

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.006 $ 0.007 $ 0.007 $ 0.006 $ 0.007 60,000 $ -0.001  -14.286 %

Company Overview

Business Description:
Middle Island Resources (MDI) is a gold exploration company focused on West Africa. The Company has presently secured the rights to exploration projects located in the countries of Burkina Faso, Liberia and the Republic of Niger. The company is currently focussed on the Sibra and Reo projects.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A -4.3 -3.5 -- 0.0 0.0 0.0 --
2013  A -7.0 -5.6 -- 0.0 0.0 0.0 --
2012  A -7.2 -6.8 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Middle Island Resources (MDI) $1 M -- -- -- -- -- -- 0.00 -- --
Newcrest Mining (NCM) $10,463 M -0.0429 0.0202 0.1830 24.2193 23.7391 20.0676 0.00 0.00 0.00
Northern Star Resources (NST) $1,374 M 0.2151 2.2145 0.5597 28.9277 8.9992 5.7697 1.51 2.59 4.38
OceanaGold (OGC) $774 M -- -0.4488 -0.0380 5.8100 10.5415 10.9583 1.91 1.01 1.01
OZ Minerals (OZL) $1,174 M -- -0.1379 1.3976 28.2276 32.7411 13.6556 2.58 0.67 0.67

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
MDI -- -- 0.16 -- --
Market 0.94 14.2 1.02 1.13 2.85
Sector 0.58 12.7 0.69 2.00 2.25

Name Position Start Date
Mr Dennis William Wilkins Company Secretary,Alternate Director - Beau Nicholls 22 March 2010
Mr Richard James Yeates Managing Director 02 March 2010
Mr Peter Sisley Thomas Non-Executive Chairman 02 March 2010
Mr Linton John Kirk Non-Executive Director 01 September 2011
Mr Beau Nicholls Non-Executive Director 22 March 2010

Substantial Shareholders
Holding Name
10,147,339 (8.12%) Newmont Mining Corporation
6,623,000 (5.30%) Citicorp Nominees Pty Limited
6,608,891 (5.29%) ABN Amro Clearing Sydney Nominees Pty Ltd (Custodian A/C)
16,000,000 (12.80%) Quenda Investments Pty Ltd

Calendar of Events
Date Event
29 January 2016 Report (Quarterly)
29 October 2015 Report (Annual)
26 October 2015 Report (Quarterly)
29 September 2015 Report (Annual)
30 July 2015 Report (Quarterly)
27 July 2015 Report (Quarterly)
21 April 2015 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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