Past year: ▲ 219%(1.80c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
7 Dec 2017director officer appointment● NeutralMajor
Exploration Manager Jess Oram becomes CEO and executive director from 1 January 2018 on $233,235 a year, filling the long-vacant CEO role. Tony Sage's executive chairman role ends 31 December 2017 as Okewood can no longer provide it; he becomes non-executive chairman.
26 Oct 2017quarterly activities report● Neutral
September quarter: cash $2.6m. The Court of Appeal win over Forrest is reported, and the second passive seismic program ended mid-quarter with results being built into the exploration model. A review of historical work on the tenements continued. The AGM is set for 23 November 2017.
28 Sept 2017other● Neutral
Avira Energy transferred 16,949,176 Cauldron shares to Joseph Energy (Hong Kong), a nominee of Joseph Capital, ending its $500,000 convertible note. This is Avira's transaction and does not change Cauldron's share count. Cauldron's own role is not described.
22 Sept 2017other● Neutral
Administrative notice: 8,474,588 shares, the ones the receiver sold from the Guangzhou City holding, will be released from voluntary escrow on 4 October 2017.
6 Sept 2017other● Neutral
Appendix 4G for the year to 30 June 2017: the corporate governance statement is on the company website and approved by the board. Administrative filing lodged with the annual report; no new information.
6 Sept 2017annual report● Neutral
Annual report for the year to 30 June 2017. Directors are Tony Sage (executive chairman), Qiu Derong, Judy Li, Nicholas Sage and Chenchong Zhou. The auditor is BDO. The extracted text does not include the financial results.
17 Aug 2017regulatory community update▲ GoodMajor
The Court of Appeal unanimously dismissed Forrest & Forrest's appeal over Cauldron's applications E08/2385-87 and ordered Forrest to pay Cauldron's legal costs. This resolves the dispute that has been open since September 2016. The licences are still applications, not granted.
28 July 2017quarterly activities report▼ BadMajor
June quarter: cash fell to $3.3m. The WA Government announced on 20 June 2017 a ban on uranium mining on future Mining Leases, and Cauldron is seeking clarification before deciding whether to continue uranium exploration. A second passive seismic program began. The CSIRO leach study phase 1 is complete.
25 May 2017other▲ GoodMajor
CSIRO's first-stage study found Bennet Well uranium leaches well by in-situ recovery, with acid leach extracting more than alkali. Second-phase work to support the field leach trial has not started. The 30.9Mlb resource is unchanged. The chairman's 'low cost producer' view is his opinion.
2 May 2017director officer appointment● Neutral
Chenchong Zhou joined the board as a non-executive director from 2 May 2017, and Xinyi Zhang, who joined on 1 January 2017, resigned. Mr Zhou holds no shares or options. The notice gives no reason for the change.
28 Apr 2017quarterly activities report● Neutral
March quarter: cash $4.0m after a $0.9m R&D refund. The Bennet Well radiation management plan was approved and the field leach trial Program of Works submitted. The new Labor WA government's stance on uranium work is unclear, a risk to the plan.
5 Apr 2017other▲ Good
The receiver sold the Guangzhou City shares issued in December, recovering $169,492 before costs toward the outstanding judgment debt. Adds to the $488,000 net recovered in July 2016; the balance of the $1m plus interest remains unpaid.
5 Apr 2017other● Neutral
Administrative disclosure: 8,474,588 shares sold by the receiver are under voluntary escrow for six months from 4 April 2017.
20 Feb 2017director officer appointment● Neutral
Nicholas Sage joined the board as a non-executive director and Mark Gwynne resigned, both effective 20 February 2017. Nicholas Sage also sits on the board of Fe Limited.
15 Feb 2017half year report● Neutral
Half-year to 31 December 2016: loss of $1,238,735, versus $2,066,368 a year earlier. Covers the $2.5m placement and the Guangzhou judgment-debt share issue. Also notes 1.56m shares issued at $0.05 to a consultant.
25 Jan 2017quarterly activities report▲ Good
December quarter: the $2.5m placement was completed and shares and options issued after AGM approval. Passive seismic showed palaeochannel extensions and new targets at Bennet Well. Field leach tests remain due in the June 2017 quarter, and the Marree divestment is completed.
5 Jan 2017security holder rights change● Neutral
44,000,000 unlisted options at $0.138 lapsed unexercised on 31 December 2016, including MGT Resources' 20m. Unlisted options now stand at 20m (the new $0.08 placement options).
22 Dec 2016director officer appointment● Neutral
Ms Xinyi Zhang will join as a non-executive director from 1 January 2017. This is likely the additional director promised with the Chinese placement (an inference; the text does not say so).
15 Dec 2016other● Neutral
Administrative notice: 33,898,318 shares, those the receiver sold from Guangzhou City's holding in July 2016, will be released from voluntary escrow on 5 January 2017.
9 Dec 2016other● Neutral
Cauldron issued 8,474,588 shares to Guangzhou City, satisfying the original 2014 placement agreement, with a holding lock and the receiver reappointed over them to realise the remaining judgment debt. Shares on issue now 329.3m. Recovery of the balance continues.
18 Nov 2016capital raising announcement▲ Good
Cauldron confirmed it has received the full $2.5m under the placement (31.25m shares at $0.08). Shares will be issued only if shareholders approve at the 24 November 2016 AGM.
What it means for a shareholder
31.3m new shares at A$0.080 to raise about A$2.5m. That's 10% dilution: every existing holder's slice gets 10% smaller. If you held A$1,000 of shares (12,500 at the issue price), your slice goes from 0.00461% to 0.00413% of the company. To keep it you'd need 1,441 more shares - about A$115 at the issue price.
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31 Oct 2016quarterly activities report● Neutral
September quarter: cash $2.12m, plus $1.49m held in trust. The $2.5m placement budget condition was met and payment dates varied. Passive seismic results at Bennet Well were positive, field leach trials are due in the June 2017 quarter, and Marree divestment is in progress.
19 Sept 2016capital raising announcement▲ GoodMajor
Cauldron signed a $2.5m placement with a new Chinese investor: 31.25m shares at $0.08, plus 20m options at $0.08 expiring 31 December 2018. Subject to investor budget approval and shareholder approval at the AGM; an extra director will be appointed. Funds go to Bennet Well.
What it means for a shareholder
31.3m new shares at A$0.080 to raise about A$2.5m. That's 10% dilution: every existing holder's slice gets 10% smaller. If you held A$1,000 of shares (12,500 at the issue price), your slice goes from 0.00461% to 0.00413% of the company. To keep it you'd need 1,441 more shares - about A$115 at the issue price.
Create a free account to see this worked out for your own holding.
16 Sept 2016regulatory community update▼ Bad
Forrest & Forrest has appealed the Supreme Court decision to the WA Court of Appeal. No hearing date is set, so the three licence applications remain unresolved and the earlier win is now open to challenge.
29 Aug 2016regulatory community update▲ GoodMajor
Supreme Court of WA dismissed Forrest & Forrest's judicial review of the Minister's decision to progress Cauldron's three Yanrey-region exploration licence applications (lodged April 2012), with costs awarded to Cauldron. A step toward grant, not a grant itself.
26 Aug 2016annual report● Neutral
Corporate governance statement and Appendix 4G for the year ended 30 June 2016, pointing to the company's website. Administrative compliance filing with no new operational or financial information in the readable text.
26 Aug 2016annual report● Neutral
Annual report for the year to 30 June 2016, listing Tony Sage as Executive Chairman with Qiu Derong, Judy Li and Mark Gwynne as non-executive directors. The readable text is the directory and director profiles; no new operational or financial figures are visible.
16 Aug 2016director officer appointment● Neutral
Executive Chairman Tony Sage signed a new three-year consultancy contract from 1 July 2016 at $240,000 a year plus GST, with three months' notice. No fixed bonus formula. The fee had not changed since June 2009.
29 July 2016quarterly activities report● Neutral
June quarter: cash $2.8m. The Bennet Well radiation management plan is with the DMP for review, hydrogeological modelling phase 1 is done, and a passive seismic trial began. Rio Colorado still awaits judicial approval; $508k judgment recovery received in July.
6 July 2016other● Neutral
Administrative disclosure: 33,898,318 shares, those the receiver sold from Guangzhou City's holding, are under voluntary escrow for six months from 5 July 2016. Shares on issue unchanged at 288,002,620.
