Top 10 ASX Dividend Stocks for Nov 2026 Download Free Report

BLACKHORSE FPO [BHL]

Company price
0.18 AUD -0.01 ( 7.69%)
Last update at 2026-11-11T04:44:00Z
VOLUME
30500
Market Cap
10.99M

Momentum Score

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Black Horse Mining Limited explores and evaluates mineral resources, and focuses on gold exploration activities in Australia. The company's principal business activity involves undertaking exploration and evaluation at the Mount Egerton Gold Project, located in Central Victoria, Australia. Black Horse Mining Limited was incorporated in 2024 and is based in Ballarat, Australia.

Source: TradingView
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Day Price Range
0.18
Low
0.23
High
52 Week Price Range
0.17
Low
0.68
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Public information on Blackhorse FPO (ASX: BHL) is limited, with few comprehensive disclosures available and no clearly documented core business visible in widely accessible filings. Any long-term upside may depend on the execution of unspecified growth plans, potential asset or portfolio development, or sector tailwinds if applicable, but these drivers are not confirmed by readily available public sources.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.20
Dividend Yield
-
Revenue TTM
0.05M
Revenue Per Share
0.00
Gross Profit TTM
0.05M
Debt / Equity
0.67
ROE
-158.31%
Net Debt
-0.24M
ROCE
-77.92%
Diluted EPS TTM
-0.13

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31
Income before tax -6.10M 2.74M 2.46M 4.81M -5.20M
Minority interest 0.23M - - - -
Net income -5.87M 1.93M 1.69M 3.23M -4.90M
Selling general administrative 4.86M 11.13M 9.04M 5.68M 10.49M
Gross profit - 14.28M 18.72M 23.54M 6.25M
Reconciled depreciation 0.06M - - - -
Ebit - -7.53M 5.08M 12.22M -4.46M
Ebitda - -7.45M 5.74M 8.53M 1.88M
Depreciation and amortization - 0.08M 0.67M -3.69M 6.34M
Operating income -6.14M -7.53M 5.08M 12.22M -4.46M
Other operating expenses - 14.02M 16.41M 33.94M 11.47M
Interest expense 0.01M 0.09M 3.25M 3.59M 0.91M
Tax provision 0.00M - - - -
Interest income 0.03M - - - -
Net interest income 0.02M - - - -
Income tax expense - 0.81M 0.78M 1.58M -0.30M
Total revenue - 14.69M 21.48M 46.16M 7.01M
Total operating expenses - 13.61M 13.65M 11.32M 10.72M
Cost of revenue - 0.41M 2.76M 22.62M 0.76M
Total other income expense net 0.02M 10.27M -2.61M -7.41M -0.74M
Net income from continuing ops -6.10M - - - -
Breakdown 2025-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31
Total assets 8.21M 60.06M 106.10M 123.94M 126.67M
Intangible assets - 0.52M 0.52M 0.60M 5.40M
Other current assets 0.03M 0.30M 0.35M 1.90M 0.14M
Total liab 0.37M 9.47M 46.71M 66.96M 73.26M
Total stockholder equity 8.09M 50.26M 58.95M 56.50M 52.97M
Other current liab - 8.43M 5.68M 12.40M 2.78M
Common stock - 17.61M 17.61M 17.61M 17.61M
Capital stock 8.40M - - - -
Retained earnings -6.02M 6.82M 14.68M 12.97M 9.34M
Good will - - 3.74M 3.79M 5.23M
Cash 5.23M 0.24M 1.52M 3.38M 1.55M
Total current liabilities 0.34M 9.47M 10.82M 33.26M 26.14M
Net debt - -0.24M 38.08M 49.59M 66.72M
Short term debt - - 3.71M 19.27M 21.82M
Short long term debt total - - 39.60M 52.97M 68.27M
Total current assets 5.32M 24.53M 10.03M 32.44M 25.22M
Short term investments - 8.95M - - -
Net receivables - 12.21M 2.67M 20.55M 12.38M
Inventory - 2.83M 5.48M 6.62M 11.14M
Accounts payable 0.16M 1.04M 1.43M 1.60M 1.54M
Accumulated other comprehensive income - 25.83M 26.66M 25.92M 26.01M
Non currrent assets other - 33.09M 81.93M 77.26M 70.86M
Non current assets total 2.90M 35.53M 96.08M 91.50M 101.45M
Capital lease obligations 0.09M - - - -
Breakdown 2025-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31
Total cashflows from investing activities - 53.52M -3.18M 22.61M -76.22M
Net borrowings -0.11M - - - -
Total cash from financing activities 7.23M -39.60M -13.46M -16.54M 85.48M
Net income -5.87M -8.43M 1.72M 3.36M 1.27M
Change in cash 5.23M -1.28M -1.86M 1.82M -7.33M
Begin period cash flow 0.00M 1.52M 3.38M 1.55M 8.88M
End period cash flow 5.23M 0.24M 1.52M 3.38M 1.55M
Issuance of capital stock 8.00M - - - -
Other cashflows from investing activities - -0.01M - - 8.22M
Sale purchase of stock -0.63M - - - 25.41M
Other cashflows from financing activities - -39.60M -13.46M -16.54M 85.48M
Capital expenditures 0.14M 0.06M 0.18M 0.26M 0.08M
Other non cash items - 8.43M -1.72M -3.36M -1.27M
Free cash flow -1.92M -0.06M -0.18M -0.26M -0.08M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
BHL
BLACKHORSE FPO [BHL]
-0.01
7.69%
0.18 - - 237.70 1.36
NEM
Newmont Corporation
-4.95
2.80%
171.70 12.09 10.42 6.66 3.15
NST
Northern Star Resources Ltd
-0.60
2.24%
26.13 22.36 18.80 4.85 2.15
EVN
Evolution Mining Ltd
-0.59
4.21%
13.41 18.16 13.61 4.88 4.07
DPM
Dpm Metals Inc.
-2.48
4.45%
53.25 12.00 9.34 9.29 2.70

Profile*

BLACKHORSE FPO [BHL]

Black Horse Mining Limited explores and evaluates mineral resources, and focuses on gold exploration activities in Australia. The company's principal business activity involves undertaking exploration and evaluation at the Mount Egerton Gold Project, located in Central Victoria, Australia. Black Horse Mining Limited was incorporated in 2024 and is based in Ballarat, Australia.

10 Endeavour Way, Ballarat, VIC, Australia, 3350

61 3 9962 0068

Name Title Year Born
Mr. David John Frances B.Sc., BSc (Hons) Managing Director & CEO 1968
Mr. Ian Hobson Company Secretary NA
Mr. David John Frances B.Sc., BSc (Hons) MD, CEO & Director 1968
Ms. Amber Rayne Rivamonte B.Bus (Acc), C.P.A., M.A.I.C.D. Chief Financial Officer 1972
Mr. Charles McHugh B.E., B.Sc. Chief Mining Engineer & Executive Director NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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