October 23, 2017 6:09 AM ET

Metals and Mining

Company Overview of Indo Mines Limited

Company Overview

Indo Mines Limited engages in the exploration and development of mineral properties. Its flagship project is the 70% owned Kulon Progo iron sands project located in Indonesia. The company also supplies composite mats and down hole tools to the energy industry. Indo Mines Limited is based in Sydney, Australia.

66 Hunter Street

Level 2

Sydney, NSW 2000

Australia

Phone:

61 2 9300 3377

Fax:

61 2 9221 6333

Key Executives for Indo Mines Limited

Chief Executive Officer
Total Annual Compensation: A$200.0K
Executive Director of Operations Planning and Market Development - PT Jogja Magasa Iron
Compensation as of Fiscal Year 2017.

Indo Mines Limited Key Developments

Indo Mines Limited Announces Audited Consolidated and Parent Earnings Results for the Year Ended June 30, 2017

Indo Mines Limited announced audited consolidated and parent earnings results for the year ended June 30, 2017. For the year, on consolidated basis, loss before income tax was AUD 7,968,324 compared to AUD 4,682,159 a year ago. Loss for the year AUD 7,968,324 compared to AUD 4,682,159 a year ago. Loss attributable to owners of the company was AUD 5,807,205 compared to AUD 3,770,879 a year ago. Basic and diluted loss per share was 1.08 cents compared to 0.70 cents a year ago. Net cash outflows from operating activities were AUD 2,962,252 compared to AUD 3,770,848 a year ago. Purchase of property, plant and equipment was AUD 138,410 compared to AUD 2,752,421 a year ago. Payments for exploration and evaluation were AUD 1,318,872 against AUD 3,068,652 a year ago. For the year, on parent basis, loss for the year was AUD 7,958,700 against AUD 4,730,209 a year ago.

Indo Mines Limited Auditor Raises 'Going Concern' Doubt

Indo Mines Limited filed its Annual on Sep 29, 2017 for the period ending Jun 30, 2017. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Indo Mines Limited, Special/Extraordinary Shareholders Meeting, Sep 15, 2017

Indo Mines Limited, Special/Extraordinary Shareholders Meeting, Sep 15, 2017, at 11:00 E. Australia Standard Time. Location: Level 2, 66 Hunter Street Sydney New South Wales Australia Agenda: To consider the sale of interest in Sapex Oilfield Services Limited.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 17, 2017
Sapex Oilfield Services Ltd.
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