26 Oct 2018quarterly activities report▼ Bad
AUGUSTA GOLD CORP. reported quarterly revenue of $0 and a net loss of $136 thousand for the period ended 2018-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
31 July 2018quarterly activities report▼ Bad
AUGUSTA GOLD CORP. reported quarterly revenue of $0 and a net loss of $91 thousand for the period ended 2018-06-30.
15 May 2018quarterly activities report▼ Bad
AUGUSTA GOLD CORP. reported a quarterly net loss of $127 thousand for the period ended 2018-03-31.
24 Jan 2018director interest notice● Neutral
AUGUSTA GOLD CORP. director Alan P. Lindsay received 2,915,000 shares as an equity award and bought 300,000 shares on the open market.
6 Dec 2017director interest notice● Neutral
AUGUSTA GOLD CORP. CEO David Coates Beling received 2,000,000 shares as an equity award and bought 200,000 shares on the open market.
6 Dec 2017director interest notice● Neutral
AUGUSTA GOLD CORP. director Kjeld Thygesen received 1,000,000 shares as an equity award and bought 200,000 shares on the open market.
6 Dec 2017director interest notice● Neutral
AUGUSTA GOLD CORP. director Alan P. Lindsay received 1,500,000 shares as an equity award and bought 300,000 shares on the open market.
8 Nov 2017quarterly activities report▼ Bad
AUGUSTA GOLD CORP. reported a quarterly net loss of $219 thousand for the period ended 2017-09-30.
8 Aug 2017quarterly activities report▼ Bad
AUGUSTA GOLD CORP. reported quarterly revenue of $0 and a net loss of $170 thousand for the period ended 2017-06-30.
13 June 2017director interest notice● Neutral
AUGUSTA GOLD CORP. director Alan P. Lindsay bought 750,000 shares on the open market at $0.08.
24 May 2017capital raising announcement● Neutral
On May 23, 2017 the company sold 10,200,000 units at $0.08 each for $816,000 to accredited investors. Each unit was one common share plus a two-year warrant to buy another share at $0.15. The money is for general corporate purposes. This continues the pattern of funding through share sales, and the share count and warrants grow as a result.
What it means for a shareholder
10.2m new shares at $0.080 to raise about $816,000. That's 10.0% dilution: every existing holder's slice gets 10.0% smaller. If you held $1,000 of shares (12,500 at the issue price), your slice goes from 0.0136% to 0.0122% of the company. To keep it you'd need 1,382 more shares - about $111 at the issue price.
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24 May 2017substantial holder notice● Neutral
Eros Resources Corp disclosed a new substantial AUGUSTA GOLD CORP. shareholding (7.30% of votes).
12 May 2017quarterly activities report▼ Bad
AUGUSTA GOLD CORP. reported a quarterly net loss of $287 thousand for the period ended 2017-03-31.
24 Oct 2016director interest notice● Neutral
Kjeld Thygesen became a AUGUSTA GOLD CORP. director and company insider (initial ownership filing).
24 Oct 2016quarterly activities report▼ Bad
AUGUSTA GOLD CORP. reported a quarterly net loss of $320 thousand for the period ended 2016-09-30.
15 Aug 2016quarterly activities report● Neutral
AUGUSTA GOLD CORP. reported a quarterly net income of $2.2 million for the period ended 2016-06-30.
1 Aug 2016capital raising announcement▼ Bad
The company settled the April 2016 NPX Metals convertible note, which with interest stood at $278,437.50 on July 25, 2016, by issuing NPX 18,562,500 Series B preferred shares on August 1, 2016. This clears the debt with shares instead of cash and adds to dilution. The filing refers to an April 25, 2016 note, while the earlier NPX note in the context is dated April 2014; the filing doesn't explain the difference.
28 July 2016director interest notice● Neutral
AUGUSTA GOLD CORP. director Alan P. Lindsay bought 5,000,000 shares on the open market at $0.01.
27 July 2016capital raising announcement▼ Bad
On July 25, 2016 the company sold 18,666,667 shares at $0.015 for $280,000: 7,666,667 common and 11,000,000 Series B preferred. The money paid RMB Australia Holdings under the July 7 settlement and went to general corporate purposes. This funds the RMB payout through heavy dilution at a very low price.
What it means for a shareholder
18.7m new shares at $0.015 to raise about $280,000. That's 18% dilution: every existing holder's slice gets 18% smaller. If you held $1,000 of shares (66,667 at the issue price), your slice goes from 0.0768% to 0.0632% of the company. To keep it you'd need 14,337 more shares - about $215 at the issue price.
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7 July 2016capital raising announcement▲ GoodMajor
On June 30, 2016 the company settled all obligations under the December 2012 RMB Australia Holdings facility, which stood at $2,789,996 of principal and interest as of March 31, 2016. It paid $250,000 cash from recent private placements and issued one million shares on July 5, 2016. This resolves the company's main debt facility. The filing doesn't say what happened to the 7,000,000 RMB warrants or the Standard Gold share pledge.
6 July 2016capital raising announcement▼ Bad
On June 21, 2016 the company sent notice ending its option with Arden Larson on the Klondike Project in Nevada (agreement dated June 11, 2012, amended May 6, 2015). It issued Larson 270,000 shares as full and final payment and has no further obligations. This ends the Klondike project that the April 2014 NPX note was raised to fund.
12 May 2016quarterly activities report▼ Bad
AUGUSTA GOLD CORP. reported a quarterly net loss of $115 thousand for the period ended 2016-03-31.
16 Feb 2016director interest notice● Neutral
AUGUSTA GOLD CORP. CEO, CFO, Secretary, Treasurer David Coates Beling bought 24,687,204 shares on the open market at $0.01.
9 Nov 2015quarterly activities report▼ Bad
AUGUSTA GOLD CORP. reported a quarterly net loss of $193 thousand for the period ended 2015-09-30.
9 Nov 2015quarterly activities report▼ Bad
AUGUSTA GOLD CORP. reported a quarterly net loss of $193 thousand for the period ended 2015-09-30.
24 Aug 2015substantial holder notice● Neutral
Michael Baybak disclosed a new substantial AUGUSTA GOLD CORP. shareholding (10.80% of votes).
24 Aug 2015director interest notice● Neutral
Michael Baybak became a AUGUSTA GOLD CORP. 10%+ owner and company insider (initial ownership filing).
4 Aug 2015quarterly activities report▼ Bad
AUGUSTA GOLD CORP. reported a quarterly net loss of $153 thousand for the period ended 2015-06-30.
22 July 2015capital raising announcement▼ Bad
On July 22, 2015 the company sold 5,583,847 shares at $0.016 each to one accredited investor for $89,341, for general corporate purposes. The price is far below the $0.25 units sold in 2012 to 2014, so the shares are dilutive at a much lower value.
What it means for a shareholder
5.6m new shares at $0.016 to raise about $89,341. That's 9.8% dilution: every existing holder's slice gets 9.8% smaller. If you held $1,000 of shares (62,500 at the issue price), your slice goes from 0.121% to 0.109% of the company. To keep it you'd need 6,773 more shares - about $108 at the issue price.
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4 May 2015quarterly activities report▼ Bad
AUGUSTA GOLD CORP. reported a quarterly net loss of $223 thousand for the period ended 2015-03-31.