Past year: ▼ 67%(0.10c – 0.30c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
12 Mar 2013half year report● Neutral
Half-year to 31 December 2012 loss was $458,423 (prior period $3,327,604). Field-truthing of the biogeochemical anomalies continues, with tighter sampling planned. Licences now total 4 granted, 322.7 sq km, and the neighbouring project is described as Cameco's.
31 Oct 2012capital raising announcement▲ GoodMajor
Quarterly report says Blaze raised $11,280,000 before costs on 26 September 2012 by placing 1.6 billion shares at 0.08c each. Limited site visits to anomalies found no notable mineralised outcrop; Cameco is acquiring BHP's adjacent Yeelirrie project for over $410m.
What it means for a shareholder
1.60bn new shares at A$0.0008 to raise about A$1.3m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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28 Sept 2012annual report▼ Bad
Year to 30 June 2012 loss was $3,420,460 (2011: $696,403). Yeelirrie is cut to 5 granted licences, 429.8 sq km, after anomaly ranking. Michael Scivolo became chairman on 1 September 2012, replacing Robert Collins, who stays as a director.
25 Feb 2011half year report▼ Bad
Half-year to 31 December 2010 loss was $281,643 (prior period $503,929). Only 26 of the planned 80 holes were drilled, on tracks over three licences, and results were anomalous but sub-economic. None of the major targets were tested.
28 Oct 2010drilling spud● Neutral
A preliminary program of 80 shallow RAB holes (about 20m deep, 1,600m total) is under way at Yeelirrie to understand the geology. Systematic drilling is planned for 2011. This follows the 'shallow drilling later this year' plan; no results yet.
14 Sept 2010regulatory community update▲ Good
Blaze applied for four more Yeelirrie exploration licences covering over 780 sq km northwest of BHP's deposit, lifting the holding to 7 granted and 4 pending licences, about 1,600 sq km. Lidar surveys were flown ahead of hyperspectral work.
6 Sept 2010admin correction● Neutral
Amended annual report for year to 30 June 2010; the visible text matches the 2 September report, including the $867,481 loss. The reason for the amendment is not stated in the text provided.
2 Sept 2010annual report▼ Bad
Annual report for year to 30 June 2010 shows a loss of $867,481 (2009: $530,401). Yeelirrie is 7 granted and 2 pending licences covering 1,194.8 sq km, with minimum spend of $320,000 a year. Board unchanged.
26 July 2010security holder rights change● Neutral
Cover letter attaching an option expiry notice to holders of listed options expiring 31 August 2010. Administrative; no substance in the text itself.
19 July 2010regulatory community update● Neutral
Geological report on the Yeelirrie Valley project repeats the case for uranium prospectivity next to BHP's deposit, listing nine granted licences over 1,000 sq km. Background description only; no new results or drilling.
19 July 2010capital raising announcement▲ GoodMajor
Blaze says it completed a placement of over $1.2 million, funding an exploration program at Yeelirrie beside BHP's 52,000t U3O8 deposit. Hyperspectral surveys come first, with shallow drilling 'later this year'. Completes the placement flagged in April; no drilling results yet.
20 May 2010other● Neutral
Share registry moves from Computershare to Advanced Share Registry Services from 1 June 2010. Administrative notice.
14 May 2010capital raising announcement● Neutral
Cleansing notice confirming 40 million shares were issued on 10 May 2010 at 0.6 cents, completing the first part of the placement. Administrative.
What it means for a shareholder
40.0m new shares at A$0.006 to raise about A$240,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
30 Apr 2010capital raising announcement● NeutralMajor
Raises $240,000 now via 40m shares at 0.6c with free options at 1.6c expiring March 2014. A further up to 120m shares at not less than 0.65c needs shareholder approval; total up to $1.02m for Yeelirrie exploration and working capital.
What it means for a shareholder
40.0m new shares at A$0.006 to raise about A$240,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
27 Apr 2010quarterly activities report● NeutralMajor
New management will not pursue the previous team's shallow drilling plan on Yeelirrie, saying better targets exist, notably on recently granted E57/1446 and 1453. Field reconnaissance is due May 2010, and the company is seeking further uranium projects. This reverses the earlier 579-hole plan.
11 Mar 2010half year report▼ Bad
Half-year to 31 December 2009 loss of $504k (prior period $289k). Directors are now Collins (chair), Scivolo and Majteles. Yeelirrie is described as 8 granted licences and 1 application covering over 916 sq km, below the earlier 1,137 sq km figure.
27 Oct 2009director officer appointment● Neutral
Initial director interest notices for Scivolo, Majteles and Collins, appointed 20 October 2009. Each shows nil holdings. Administrative follow-up to the board change.
27 Oct 2009director officer appointment● Neutral
Final director interest notices for Hyde, Lee and Roberts, who ceased as directors on 20 October 2009. Each shows nil holdings. Administrative follow-up to the board change.
21 Oct 2009director officer appointment● NeutralMajor
Colbern had the 16 November meeting cancelled, ending the board contest. Hyde, Lee and Roberts resigned and were replaced by Sol Majteles, Michael Scivolo and Robert Collins, who say they will seek a 'new direction' for Blaze. David Zukerman becomes company secretary.
15 Oct 2009regulatory community update▲ Good
Four more Yeelirrie tenements granted, taking the stated project area to 1,137 sq km (up from over 1,000 sq km). One application remains pending. No drilling or results yet.
30 Sept 2009annual report● Neutral
Annual report for year to 30 June 2009 confirms a $530k loss (2008: $631k). Yeelirrie holding is over 1,000 sq km, including three licences bought from Epsilon Energy for $30,000 plus a 2.5% royalty. Board is Hyde, Roberts and Lee.
30 Sept 2009regulatory community update● Neutral
Chairman says three new Yeelirrie licences are granted and up to 579 holes are planned under the pending Program of Work. PIXE/Kemeleon have not performed to expectations, but the board still sees potential. Largely repeats the annual report.
28 Sept 2009other● Neutral
Board postponed Colbern's meeting to 16 November, saying Colbern failed to disclose beneficial ownership; Marie Matich, mother of proposed director Brett Matich and of the former tenement manager, was named as owner. Board plans Supreme Court action. These are the board's claims.
31 Aug 2009annual report● Neutral
Preliminary results for year to 30 June 2009: loss of $530k (2008: $631k). Yeelirrie called the flagship; drilling of 579 aircore holes still awaits a revised Radiation Management Plan, due mid-September. Board calls PIXE and Kemeleon market response disappointing.
21 Aug 2009other● Neutral
Board opposes Colbern's move to remove it, noting Colbern received its shares in the 2007 Yeelirrie deal and links its owner to the former tenement manager. It says one resolution is invalid and will not be put. Board's view, not yet tested.
17 Aug 2009other▼ BadMajor
Shareholder Colbern Nominees has called a general meeting to remove all current directors and appoint its own nominees. Blaze says it did not prepare the documents, is taking legal advice, and urges shareholders to take no action yet.
27 Feb 2009half year report▼ Bad
Half-year to 31 December 2008 loss of $289k, with no revenue versus $140k a year earlier. Board repeats that PIXe and Kemeleon are below expectations and under review; it remains confident in Yeelirrie. Vincent Hyde is now Executive Chairman.
30 Sept 2008annual report▼ BadMajor
Year to 30 June 2008 loss of $631k. Board says PIXe and Kemeleon have performed below expectations and are being reassessed; Yeelirrie remains the focus, with tenement area now over 880 sq km. Managing Director Hartshorne resigned 11 April 2008.
29 Feb 2008half year report● Neutral
Half-year to 31 December 2007 shows a $472k loss, against the prior period's profit that came from the share cancellation. Reconnaissance sampling at Yeelirrie found a 500m-long mineralised calcrete occurrence near the BHP lease boundary.
31 Oct 2007annual report● Neutral
2007 Annual Report repeats the $3.58m profit (driven by the $4.375m cancellation). Board now has Vincent Hyde as chair, with Roberts and Lee; Harley and Landau resigned in 2007. PIXe stays at 20-25% improvement, short of target.
