Volt Resources (VRC)

Business description

Volt Resources is a graphite development company. Its main asset is the currently 100%-owned Namangale graphite project located in Tanzania.

Stock data

Market cap.A$25.4m
Last closeA$0.03
High / Low (52 weeks)A$0.1 / A$0.0
Stock market listingAU
Forecast net cash (A$m)1.3
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual36.8421(10.3448)(63.8889)
Relative *32.5393(13.0587)(66.563)

* % Relative to local index

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Company news

Volt Resources' shares rise on positive feedback for Bunyu graphite product

Thu, 05 Oct 2017 03:56:15 GMT

Volt Resources shares bound higher on graphite off-take talks with Chinese

Tue, 26 Sep 2017 04:07:30 GMT

Volt Resources lifting funds for feasibility study on Namangale graphite project

Tue, 05 Sep 2017 02:10:23 GMT

Volt Resources opens Share Purchase Plan for Namangale graphite

Tue, 19 Sep 2017 00:22:30 GMT

Volt Resources Ltd secures interim funding

Fri, 07 Jul 2017 01:16:55 GMT

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (c) P/E (x) P/CF (x)
2015A 0.0 (0.7) (0.7) (0.3) N/A N/A
2016A 0.0 (3.4) (3.3) (0.7) N/A N/A
2017E 0.0 (2.3) (2.4) (0.2) N/A N/A
2018E 0.0 (2.2) (2.4) (0.3) N/A N/A

Last updated on 19/09/2017

Latest research

Investment summary

Volt is currently fund-raising to secure additional funds for completion of its revised Namangale feasibility study. Terms of this fund-raise include no fees or broking charges on share purchases up to a total of A$15,000. The issue price will be determined at the issue date of the new shares based on a 20% discount to Volt’s VWAP of its shares in the preceding five days to issue of the new shares. Volt’s directors intend to participate in the plan, which will be sub-underwritten to a total value of A$600k by its non-executive chairman, Mr Kabanga, and also its director, Mr Bull. Patersons Securities will underwrite the plan to A$1.5m.

Last updated on 03/10/2017

Industry outlook

The funds will not only be used to complete the Namangale feasibility study for Stage 1 development of the project in early 2018, but also to aid completion of financing and offtake contracts. Funds may also be used to support in-country costs associated with the project and also corporate G&A.

Last updated on 03/10/2017

Key management

Stephen Hunt , Chairman
Trevor Matthews, CEO

Company address

Level 5, London House
216 St. Georges Terrace
Perth
WA 6000
Australia
+61 (08) 9486 7788
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