Each one in plain English, with the numbers worked through for a shareholder.
6 May 2026capital raising announcement▲ GoodMajor
Alma raised A$4.0M through a placement of 400M shares at 1.0c, a 16.7% discount to the last price. Directors' A$318k portion (31.8M shares) needs shareholder approval at a June EGM. Funds drilling and prefeasibility work, and Alma says it covers the spending needed to reach 70% of Briggs.
What it means for a shareholder
400m new shares at A$0.010 to raise about A$4.0m. That's 39% dilution: every existing holder's slice gets 39% smaller. If you held A$1,000 of shares (100,000 at the issue price), your slice goes from 0.016% to 0.00974% of the company. To keep it you'd need 63,828 more shares - about A$638 at the issue price.
24 Dec 2025capital raising announcement▲ GoodMajor
The share purchase plan closed having raised A$1.93M at 0.6c (321M shares), short of the A$2.5M maximum. Lowell added A$200k, keeping about 9.5%. The A$2.13M total funds a Briggs drilling program from March 2026. Shares on issue are now 2.23B.
What it means for a shareholder
321m new shares at about A$0.006 to raise about A$1.9m. That's 34% dilution: every existing holder's slice gets 34% smaller. If you held A$1,000 of shares (166,321 at the issue price), your slice goes from 0.0265% to 0.0176% of the company. To keep it you'd need 85,192 more shares - about A$512 at the issue price.
Offer booklet for the share purchase plan: up to 416.7M shares at 0.6c, a maximum of A$2.5M, not underwritten. Funds go to Briggs infill drilling and working capital. Full take-up would lift shares from about 1.87B to 2.28B, diluting non-participants.
What it means for a shareholder
417m new shares at A$0.006 to raise about A$2.5m. That's 40% dilution: every existing holder's slice gets 40% smaller. If you held A$1,000 of shares (166,667 at the issue price), your slice goes from 0.0266% to 0.016% of the company. To keep it you'd need 110,821 more shares - about A$665 at the issue price.
26 Nov 2025capital raising announcement● NeutralMajor
Alma announces a share purchase plan for Australian and New Zealand holders: up to A$30,000 each at 0.6c, a 15% discount to the 20-day average price. It follows cash of about A$1M at 31 October. Closes 17 December; results due 24 December.
27 June 2025capital raising announcement▲ GoodMajor
The rights issue closed raising A$669,527 (167.4M shares at 0.4c). A further A$388,039 of the shortfall is committed via a Foster Stockbroking placement, taking the total to about A$1.06M. Meets the target set in May, with drilling due mid-July.
What it means for a shareholder
167m new shares at A$0.004 to raise about A$669,527. That's 21% dilution: every existing holder's slice gets 21% smaller. If you held A$1,000 of shares (250,000 at the issue price), your slice goes from 0.0399% to 0.0315% of the company. To keep it you'd need 66,780 more shares - about A$267 at the issue price.
Offer document for the rights issue: 1 new share per 6 held at 0.4c to raise up to about A$1.06M, closing 20 June 2025. Open only to holders in Australia and New Zealand. Terms match the earlier notice; the rest of the text was truncated.
Re-issued rights offer notice, replacing the 23 May version: up to about A$1.06M at 0.4c, 1 new share for every 6 held, minimum A$500,000, not underwritten. Closing date is now 20 June, with results on 27 June. Funds go to the Briggs scoping study and drilling.
Alma seeks up to about A$1.06M via a rights offer of 1 new share for every 6 held at 0.4c (minimum A$500,000, not underwritten). Funds go to the scoping study and Briggs drilling. The price is below the 0.75-0.8c of 2024 raisings, so existing holders are diluted unless they take part.
Alma is raising A$750,000 by placing 100M shares at 0.75c, below April's 0.8c, to fund two to three more Briggs holes. A$140,000 from directors needs shareholder approval. The drill contractor will also take up to A$75,000 of fees in shares at 0.75c.
What it means for a shareholder
100m new shares at A$0.0075 to raise about A$750,000. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (133,333 at the issue price), your slice goes from 0.0213% to 0.0183% of the company. To keep it you'd need 21,276 more shares - about A$160 at the issue price.
The Share Purchase Plan raised A$0.86M, issuing 107M shares at 0.8c, below the A$1M maximum. Cash is A$2.61M, with Cooke's A$0.2M tranche awaiting a 24 May meeting. Drilling at Briggs is expected this quarter.
What it means for a shareholder
107m new shares at A$0.008 to raise about A$860,000. That's 15% dilution: every existing holder's slice gets 15% smaller. If you held A$1,000 of shares (125,000 at the issue price), your slice goes from 0.0199% to 0.017% of the company. To keep it you'd need 21,342 more shares - about A$171 at the issue price.
Letter offering eligible shareholders the Share Purchase Plan: parcels of A$500 to A$30,000 at 0.8c, capped at 125M shares (A$1M). Mechanics of the already announced raise; maximum shares on issue would be about 1.46 billion.
Alma raised A$1.77M via a placement of 221.8M shares at 0.8c, down from the 1.0c earlier placements, to fund more Briggs drilling. A$200,000 from Chairman Cooke needs shareholder approval; a Share Purchase Plan of up to A$1M follows.
What it means for a shareholder
222m new shares at A$0.008 to raise about A$1.8m. That's 26% dilution: every existing holder's slice gets 26% smaller. If you held A$1,000 of shares (125,000 at the issue price), your slice goes from 0.0199% to 0.0147% of the company. To keep it you'd need 44,240 more shares - about A$354 at the issue price.
23 May 2023capital raising announcement● NeutralMajor
Alma raised A$2.0M through a placement of 200M shares at 1.0c, including 10M for Chairman Cooke (A$100,000) subject to shareholder approval. Funds go to more Briggs drilling from early Q3 2023; a resource update is expected early Q3. Lead manager gets 25M options at 3.0c.
What it means for a shareholder
200m new shares at A$0.010 to raise about A$2.0m. That's 24% dilution: every existing holder's slice gets 24% smaller. If you held A$1,000 of shares (100,000 at the issue price), your slice goes from 0.016% to 0.0121% of the company. To keep it you'd need 31,914 more shares - about A$319 at the issue price.
Alma raised $1.75M before costs by placing 174.5M shares at 1.0c, with a free 1-for-2 option at 4.0c (two-year term). That is well below November 2021's 4.3c placement. Directors take $160,000, subject to approval. Funds the Briggs core drilling from early October.
What it means for a shareholder
175m new shares at A$0.010 to raise about A$1.8m. That's 22% dilution: every existing holder's slice gets 22% smaller. If you held A$1,000 of shares (100,000 at the issue price), your slice goes from 0.016% to 0.0125% of the company. To keep it you'd need 27,845 more shares - about A$278 at the issue price.
25 Nov 2021capital raising announcement● NeutralMajor
AFR raised A$2.0M before costs by placing 46.5M shares at 4.3c to institutions, to fund more drilling at Briggs and WA copper exploration. Pro forma cash is about A$3.1M plus A$6.1M of listed shares.
What it means for a shareholder
46.5m new shares at A$0.043 to raise about A$2.0m. That's 6.9% dilution: every existing holder's slice gets 6.9% smaller. If you held A$1,000 of shares (23,256 at the issue price), your slice goes from 0.00371% to 0.00345% of the company. To keep it you'd need 1,726 more shares - about A$74 at the issue price.
10 Aug 2017capital raising announcement▲ GoodMajor
FQM extended its Sese earn-in deadline by 12 months to 12 July 2018 and subscribed for 17.7M AFR shares at 7.8c (A$1.38M), lifting it to 13.8%. It also transfers its Caravel Minerals shares; its remaining commitment falls to about A$5M. Cash rises to about A$4.8M.
24 Nov 2014capital raising announcement▲ GoodMajor
The 1-for-8 rights issue closed 19 November with holders applying for 65.8m of 68.3m shares. Sentient's underwriting takes the 2.5m shortfall shares, so the issue is fully subscribed at 5.5 cents, about A$3.76m. Completes the raising.
Prospectus for a 1-for-8 rights issue of about 68.3m shares at 5.5 cents, raising up to about A$3.76m, partly underwritten by Sentient. Formal document for the offer announced with the FQM deal; shares described as highly speculative.
What it means for a shareholder
68.3m new shares at A$0.055 to raise about A$3.8m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (18,182 at the issue price), your slice goes from 0.00381% to 0.00333% of the company. To keep it you'd need 2,600 more shares - about A$143 at the issue price.
Rights issue closed 29 May: holders applied for only 3.5m of 34.7m shares. Sentient's underwriting takes 17.1m shares, leaving 14.1m shortfall shares that may be placed at 8.5 cents within three months. Raise is likely below the full A$2.95m (inference).
Prospectus for the rights issue of about 34.7m shares at 8.5 cents, raising up to about A$2.95m, partly underwritten by Sentient. Formal document for the already announced offer. Describes the shares as highly speculative.
What it means for a shareholder
34.7m new shares at A$0.085 to raise about A$3.0m. That's 7.1% dilution: every existing holder's slice gets 7.1% smaller. If you held A$1,000 of shares (11,765 at the issue price), your slice goes from 0.00261% to 0.00242% of the company. To keep it you'd need 905 more shares - about A$77 at the issue price.
Details the rights issue: 1 new share for every 13 held at 8.5 cents, raising up to A$2.95m. Sentient partly underwrites it up to A$1.5m and holds 19.95%. Offer is open to shareholders in Australia, New Zealand and the Cayman Islands, closing 29 May. Follows the April placement.
The company will raise about A$4.5m at 8.5 cents a share: a A$1.5m placement of 17.3m shares, then up to A$3.0m via a rights issue. Sentient takes 14.9m shares, lifting its stake to 19.9%. Directors' 2.4m shares need shareholder approval. Funds go to Botswana coal and power projects.
African Energy agreed to buy the 1.3 billion tonne Mmamantswe coal project for A$3.5m. Sentient will subscribe up to A$8.5m at A$0.12: A$5m now (41.67m shares), A$3.5m conditional. Sentient would hold about 17.5%, becoming largest shareholder.
6 Nov 2012capital raising announcement● NeutralMajor
Placement of 21.43 million shares at A$0.14 to raise A$3.0m, to Asian and Australian investors via Blackswan Equities. Directors commit A$0.5m, subject to shareholder approval. Funds advance Sese. Price is below the A$0.18-0.235 seen in May.
What it means for a shareholder
21.4m new shares at A$0.140 to raise about A$3.0m. That's 6.1% dilution: every existing holder's slice gets 6.1% smaller. If you held A$1,000 of shares (7,143 at the issue price), your slice goes from 0.00216% to 0.00203% of the company. To keep it you'd need 463 more shares - about A$65 at the issue price.
18 July 2011capital raising announcement▲ GoodMajor
Places 30 million shares at A$0.50 to raise A$15m from institutions, led by Helmsec. Funds go to infill drilling (A$2m), trial pit (A$1m), feasibility studies (A$6m), environmental assessment (A$1m) and working capital (A$5m). Targets potential development in late 2012. Repays no debt per the stated use.
20 Oct 2010capital raising announcement● NeutralMajor
Private placement of 9,600,000 shares at A$0.15 to raise up to A$1.44m, using the company's remaining 15% placement capacity. Funds the Sese coal resource drilling. First raising since December 2009's A$4.2m, at the same price.
What it means for a shareholder
9.6m new shares at A$0.150 to raise about A$1.4m. That's 3.3% dilution: every existing holder's slice gets 3.3% smaller. If you held A$1,000 of shares (6,667 at the issue price), your slice goes from 0.00236% to 0.00228% of the company. To keep it you'd need 226 more shares - about A$34 at the issue price.
Share Purchase Plan offer for Australian and NZ shareholders: up to A$12,000 each at 15 cents a share, matching the placement price. Open 30 Nov to 21 Dec 2009. The board can scale back applications if oversubscribed.
23 Nov 2009capital raising announcement● NeutralMajor
The company plans a private placement of up to A$5m at 15 cents a share to institutions, with a Share Purchase Plan for existing holders on similar terms. Funds are for exploration in Zambia and Botswana. It follows the A$4m raised in July.
24 July 2009capital raising announcement▲ GoodMajor
African Energy raises A$4m by placing 80 million shares at 5 cents with institutions. A$1.21m comes immediately and A$2.79m needs shareholder approval at a mid-August meeting. Funds are for exploration in Zambia and Botswana; the issue is about 46% of existing shares.
What it means for a shareholder
80.0m new shares at A$0.050 to raise about A$4.0m. That's 31% dilution: every existing holder's slice gets 31% smaller. If you held A$1,000 of shares (20,000 at the issue price), your slice goes from 0.0115% to 0.00786% of the company. To keep it you'd need 9,169 more shares - about A$458 at the issue price.
8,344,350 shortfall shares issued at 27c, raising $2,252,975 before costs. Only 338,347 rights issue shares remain unallocated. Together with shareholder take-up, the offer has raised close to the targeted $2.66m.
