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AMPELLA MINING LIMITED (AMX)

AMPELLA MINING LIMITED (AMX)

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General Information
Company Name: Ampella Mining Limited
Stock Code: AMX
Website: www.ampella.com.au
GICS Sub-Industry: Gold
Market Cap ($M): 185
Equiv. Shares (M): 241

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.770 $ 0.795 $ 0.795 $ 0.770 $ 0.800 761,161 $ -0.030  -3.750 %

Current Broker Consensus Recommendation more
Recommendation: Buy
Recommendation Date: 2nd May 2012
12 Month Target Price (average): $1.783
Brokers Surveyed: 4

Company Overview

Business Description:
Ampella Mining Limited (AMX) is a mineral exploration and development company with a specific interest in gold in Burkina Faso, West Africa.

Strategy Analysis:
AMX aims to become a gold producer after exploration of its assets in Burkina Faso. Ampella Mining reported negative cash flow of $6.87m for quarter ended 30 September 2011. Operating cash flow for the period was $(6.64m). Payments for exploration and evaluation were $(6.12m). Investing cash flow was $(337,000). Financing cash flow was $108,000. Cash in hand at the end of the quarter was $27.73m.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  F -16.4 -4.7 -- -- -- 0.0 --
2012  F -20.4 -8.3 -- -- -- 0.0 --
2011  A -24.0 -12.3 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F
Ampella Mining (AMX) $192 M -- -- -- -- -- -- 0.0000 0.0000 0.0000
Newcrest Mining (NCM) $19,048 M -0.0667 0.0087 0.2610 16.9330 16.7869 13.3119 0.0201 0.0141 0.0158
Oz Minerals (OZL) $2,510 M -0.3975 -0.3391 0.1668 7.4560 11.2823 9.6694 0.0738 0.0462 0.0492
Regis Resources (RRL) $1,745 M -- 0.7927 2.3481 45.1991 25.2123 7.5302 0.0000 0.0000 0.0298
Sundance Resources (SDL) $1,217 M -- -- -- -- -- -- 0.0000 0.0000 0.0000

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
AMX -- -- 4.76 -- --
Market 0.80 12.1 1.33 1.35 1.68
Sector 0.41 9.48 1.05 1.04 14.3

Directors
Name Position Start Date
Dr Paul Kitto Chief Executive Officer,Managing Director 15 October 2008
Mr Peter John Mansell Non-Executive Chairman 05 November 2010
Mr Ronald (Ronnie) Hugh Beevor Non-Executive Director 05 July 2011
Mr Ron Renton Non-Executive Director 05 July 2011

Management
Name Position
Philippe Blackburn Chief Financial Officer
Jean Luc Roy Chief Operations Officer
Grant Jonathan Mooney Company Secretary
Neil Hackett Company Secretary
Anthony Rudd Exploration Manager
Jeremy Langford Project Manager

Substantial Shareholders
Holding Name
11,966,045 (5.84%) Commonwealth Bank of Australia
15,279,470 (8.59%) BlackRock Investment Management (Australia) Limited (formerly Barclays Global Investors Australia)
13,272,332 (6.63%) Dundee Corporation and Associates

Calendar of Events
Date Event
29 April 2013 Report (Quarterly)
19 April 2013 Report (Annual)
29 January 2013 Report (Quarterly)
30 October 2012 Report (Quarterly)
29 October 2012 Report (Annual)
27 July 2012 Report (Quarterly)
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