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ALLIANCE RESOURCES LIMITED (AGS)

ALLIANCE RESOURCES LIMITED (AGS)

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General Information
Company Name: Alliance Resources Limited
Stock Code: AGS
Website: www.allianceresources.com.au
GICS Sub-Industry: Gold
Market Cap ($M): 113
Equiv. Shares (M): 341

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.330 $ 0.330 $ 0.335 $ 0.325 $ 0.325 345,131 $ 0.005  1.538 %

Company Overview

Business Description:
Alliance Resources Limited (AGS) is involved in the exploration, development and mining of minerals deposits in Australia. AGS has three Australian projects covering uranium, gold, copper-gold and base metals as follows: 25% interest in the Four Mile Uranium Project, 100% interest in the East Frome Copper-Gold-Base Metals Project and 100% interest in the Warrina Copper-Gold Project.

Strategy Analysis:
AGS aims to realise the potential of its Four Mile Uranium Project and create shareholder value from its other projects in South Australia, Victoria and New South Wales. Alliance Resources reported negative cash flow of $447,000 for quarter ended 30 September 2011. Operating cash flow for the period was $(447,000). Payments for exploration and evaluation were $(73,000). Investing cash flow was nil. Financing cash flow was nil. Cash in hand at the end of the quarter was $34.48m.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2011  A -6.4 -1.9 -- 0.0 0.0 0.0 --
2010  A -4.8 -1.4 -- 0.0 0.0 0.0 --
2009  A -22.9 -8.3 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F
Alliance Resources (AGS) $111 M -- -- -- -- -- -- 0.0000 -- --
Newcrest Mining (NCM) $25,947 M -0.0667 0.2254 0.0953 23.0670 18.8235 17.1860 0.0147 0.0102 0.0128
Oz Minerals (OZL) $3,551 M 2.3431 -0.4213 -0.2218 6.2320 10.7685 13.8371 0.0621 0.0447 0.0319
Regis Resources (RRL) $1,730 M -- 0.6101 2.5876 46.1358 28.6545 7.9870 0.0000 0.0000 0.0388
Resolute Mining (RSG) $1,403 M 0.0735 1.2523 0.0000 19.2793 8.5600 8.5600 0.0000 0.0049 0.0119

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
AGS -- -- 2.17 -- --
Market 0.82 12.5 1.38 1.18 1.90
Sector 0.63 12.4 1.31 0.66 20.8

Directors
Name Position Start Date
Mr John Stuart Ferguson Dunlop Chairman 30 November 1994
Mr Stephen Johnston Chief Executive Officer,Managing Director 19 October 2011
Mr Ian Jeffrey Gandel Non-Executive Director 15 October 2003
Mr Anthony (Tony) Dean Lethlean Non-Executive Director 15 October 2003

Management
Name Position
Ian C Pamensky Company Secretary, Manager Finance
A Bowden Exploration Manager

Substantial Shareholders
Holding Name
86,875,150 (25.76%) Abbotsleigh Pty Ltd

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