AlphaValue Corporate Services Fundamental Analysis FR
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AlphaValue Corporate Services
This research has been commissioned and paid for by the company and is deemed to constitute an acceptable minor non-monetary benefit as defined in MiFID II

Blackstone Resources

CR
Bloomberg   BLS SW
Diversified Minerals  /  Switzerland  Web Site   |   Investors Relation
An intriguing battery (materials) play, but execution is the key
Pros
  • Blackstone Resources sees batteries as the next big thing as it pivots its business away from holding mines and into battery materials
  • Ownership of key materials (like manganese, cobalt, lithium and nickel) is a good start to battery initiatives at the R&D stage
Cons
  • Battery materials and manufacturing are challenging ventures facing a host of technological and financial hurdles
  • Blackstone Resources is not cash generative and faces high execution risks across its businesses. The funding bet is on German R&D subsidies
Target
Upside 159%
Price (CHF) 1.88
Market Cap (CHFM) 80.3
Perf. 1W: -21.0%
Perf. 1M: -49.2%
Perf. 3M: 146%
Perf Ytd: 100%
10 day relative perf. to stoxx600: -35.7%
20 day relative perf. to stoxx600: -46.2%