Added to YB: 2026-08-07
Pitch date: 2026-08-04
HMX.AX [neutral]
Hammer Metals Limited
+10.67%
current return
Author Info
No bio for this author
Company Info
Hammer Metals Limited engages in the exploration and extraction of mineral resources in Australia. It explores for iron oxide, copper, cobalt, and gold deposits, as well as for molybdenum ores.
Market Cap
AUD 67.0M
Pitch Price
AUD 0.07
Price Target
0.10
Dividend
N/A
EV/EBITDA
-68.23
P/E
-31.47
EV/Sales
240.87
Sector
Metals and Mining
Category
special_situation
KEDM Lite Vol. 23 - Hammer Metals (HMX AU)
HMX.AX (update): Austral acquiring Hammer Metals in all-share deal at A$0.087/share (~15% gross spread). Deal includes spinco demerger carving out WA gold assets pre-close; Hammer holders get A$0.007/share of SpinCo value. Small spin could trigger classic post-spin dumping.
Read full article (1 min)