TBR.AX
Strong BuyFull HouseAI neutralTribune Resources Limited · Basic Materials · Australia · $187M
AUD 5.02 -1.4% · close 8 Oct · scored 9 Oct
Full House: Strong business, sensible price, market agrees. The rare full house.
As of 9 Oct 2026, MoatMap's StockRank for Tribune Resources Limited (TBR.AX) is 99/100: Quality 86, Value 78, Momentum 56, ranked against 24,000+ stocks in 35 markets.
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
Tribune Resources is an Australian gold producer holding an interest in the East Kundana joint venture in Western Australia, benefiting from elevated gold prices that drove recent revenue gains and accounting impairment reversals. Nonetheless, the business remains a price-taking, single-asset mining operation subject to reserve depletion, rising labour and mining consumable costs, and lack of pricing power over its primary output.
ABOUT TRIBUNE RESOURCES LIMITED
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Tribune Resources Limited is an Australian gold mining and exploration company with a key interest in the high-grade East Kundana Joint Venture (EKJV) in Western Australia. The company benefits from stable, low-cost gold production managed by its joint venture partner, Evolution Mining. Tribune's competitive moat is its high-grade resource base, consistent cash generation, and substantial liquid assets.
FINANCIAL SUMMARY (AUD)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR | TTM |
|---|---|---|---|---|---|---|---|
| Revenue | — | 124.1M | 92.0M | 107.9M | 160.3M | 8.9% | 205.2M |
| EPS (AUD) | — | 0.03 | 0.01 | 0.08 | 0.63 | 164.3% | 1.43 |
| Shares | — | 52.5M | 52.5M | 52.5M | 52.5M | 0.0% | 52.5M |
| Debt | 3.3M | 0.9M | 45.9K | — | — | -88.2% | 3.9M |
| Equity | — | 248.2M | 237.9M | 233.9M | 258.4M | 1.3% | — |
| Op CF | — | 37.8M | 28.3M | 46.8M | 71.7M | 23.8% | 58.7M |
| Inv CF | — | -19.2M | -13.8M | -31.4M | -54.7M | — | — |
| Fin CF | — | -15.9M | -14.3M | -13.6M | -13.5M | — | — |
No new 52-week low for 14 weeks, 11% above that low, but not back above a rising 50-day average.
The Momentum score still reads 56: it looks back six months, so it has not caught up with this fall.
Swung more than 60% of stocks we rank over the past year (48% a year).
How this is worked out
StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of TBR.AX are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| TBR.AX | Tribune Resources Limited(you) | $187M | 99 | Strong Buy |
| BCN.AX | Beacon Minerals Limited | $263M | 95 | Strong Buy |
| FML.AX | Focus Minerals Limited | $394M | 93 | Strong Buy |
| LSX.AX | Lion Selection Group Limited | $90M | 82 | Strong Buy |
| KAU.AX | Kaiser Reef Limited | $94M | 75 | Buy |
| KCN.AX | Kingsgate Consolidated Limited | $967M | 94 | Strong Buy |
| ALK.TO | Alkane Resources Ltd | $1.9B | 98 | Strong Buy |
| RSG.AX | Resolute Mining Limited | $1.8B | 94 | Strong Buy |
| MEK.AX | Meeka Metals Limited | $295M | 53 | Hold |
| WAF.AX | West African Resources Limited | $2.9B | 99 | Strong Buy |
Peer medians: ROE -7.1% · P/E 13.0x · Gross margin 99.9%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.