GLOBAL LITHIUM RESOURCES LIMITED (GL1)
Share Price Analysis and Chart

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GL1 - GLOBAL LITHIUM RESOURCES LIMITED

FNArena Sector : New Battery Elements

Year End: June

GICS Industry Group : Materials

Index:

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$2.24 01 Feb 2023	-0.040 OPEN $2.38	-1.75% HIGH $2.38	523,735 LOW $2.23

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$2.24

01 Feb
2023

-0.040

OPEN

$2.38

-1.75%

HIGH

$2.38

523,735

LOW

$2.23

TARGET

$4.20

87.5% upside

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FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY21 Actual	FY22 Actual	FY23 Forecast	FY24 Forecast
EPS (cps)	xxx	- 2.6	- 7.2	xxx
DPS (cps)	xxx	0.0	0.0	xxx
EPS Growth	xxx	N/A	N/A	xxx
DPS Growth	xxx	N/A	N/A	xxx
PE Ratio	xxx	N/A	N/A	xxx
Dividend Yield	xxx	N/A	0.0%	xxx
Div Pay Ratio(%)	xxx	N/A	N/A	xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2023 FactSet UK Limited. All rights reserved

Title	2020	2021	2022
EPS Basic	xxx	xxx	-2.6
DPS All	xxx	xxx	0.0
Sales/Revenue	xxx	xxx	0.0 M
Book Value Per Share	xxx	xxx	28.9
Net Operating Cash Flow	xxx	xxx	-9.3 M
Net Profit Margin	xxx	xxx	%

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title	2020	2021	2022
Return on Capital Employed	xxx	xxx	-12.03 %
Return on Invested Capital	xxx	xxx	-12.01 %
Return on Assets	xxx	xxx	-11.30 %
Return on Equity	xxx	xxx	-12.03 %
Return on Total Capital	xxx	xxx	-11.33 %
Free Cash Flow ex dividends	xxx	xxx	-9.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS

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Sentiment Indicator

1.0

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Macquarie	30/01/2023	1	Outperform	$4.20	87.50%	With Global Lithium Resources updating the market on its second quarter, Macquarie highlights a key announcement is the completion of its equity raising and confirmation of its now 100% ownership of the Manna project. Macquarie points out the company reached an agreement with Breaker Resources ((BRB)) to acquire its 20% stake for $60m in November. The company also started its scoping study for Manna in the quarter, with results expected in coming months. Macquarie expects the environment approval timeline to be of interest to the market, with the lengthy process proving a headwind for WA projects. The Outperform rating and target price of $4.20 are retained. FORECAST Macquarie forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -7.20 cents. Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -8.30 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Macquarie

30/01/2023

Outperform

$4.20

87.50%

With Global Lithium Resources updating the market on its second quarter, Macquarie highlights a key announcement is the completion of its equity raising and confirmation of its now 100% ownership of the Manna project.

Macquarie points out the company reached an agreement with Breaker Resources ((BRB)) to acquire its 20% stake for $60m in November.

The company also started its scoping study for Manna in the quarter, with results expected in coming months. Macquarie expects the environment approval timeline to be of interest to the market, with the lengthy process proving a headwind for WA projects.

The Outperform rating and target price of $4.20 are retained.

FORECAST
Macquarie forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -7.20 cents.
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -8.30 cents.

Access Stockbroker Research History >

GL1 STOCK CHART

FNArena News on GL1

1	Australian Broker Call Extra Edition – Feb 02, 2023 Feb 02 2023 - Daily Market Reports

2	Lithium In 2023: The Debate Rages On Jan 20 2023 - Commodities

3	Australian Broker Call Extra Edition – Dec 21, 2022 Dec 21 2022 - Daily Market Reports

4	Material Matters: The Outlook For Lithium Dec 20 2022 - Commodities

5	Material Matters: The Outlook For Commodities Dec 16 2022 - Commodities

Latest New Battery Elements News

1	Lithium In 2023: The Debate Rages On Jan 20 2023 - Commodities

2	Material Matters: The Outlook For Lithium Dec 20 2022 - Commodities

3	EV Oversupply Suggests Lithium Price Decline Dec 12 2022 - Commodities

4	Material Matters: Lithium, Copper & Steel Nov 09 2022 - Commodities

5	Valuation The Issue For Pilbara Minerals Oct 27 2022 - Small Caps

6	Core Lithium Set For Recovery Oct 18 2022 - Technicals

7	Mineral Resources Looks To Unlock Significant Value Sep 13 2022 - Australia

8	EV-Makers Connect With Miners Jul 25 2022 - Commodities

9	Syrah Gets The Lead Out Jun 28 2022 - Technicals

10	Game Over For Lithium? Jun 02 2022 - Commodities

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GLOBAL LITHIUM RESOURCES LIMITED (GL1)
Share Price Analysis and Chart