Past year: ▲ 219%(1.80c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
6 July 2016other▼ Bad
A court-appointed receiver sold Guangzhou City's 33.9m Cauldron shares, recovering $508,475 against the $1m-plus-interest judgment debt. Cauldron considers further recovery doubtful and is seeking advice on registering the judgment in China.
29 Apr 2016quarterly activities report● Neutral
March quarter: cash $3.6m. Bennet Well field leach trial approvals started with the DMP and Department of Water; modelling and a passive seismic survey are planned. Rio Colorado still awaits judicial approval, and some Argentine tenements are being surrendered.
30 Mar 2016other● Neutral
MGT Resources confirms receiving 16,949,176 Cauldron shares and 20m options (exercisable at $0.138 by 31 December 2016) after paying $2m. Duplicates Cauldron's own announcement of the issue; no new information.
29 Mar 2016other● Neutral
Third-party release by MGT Resources: it will buy about 16.95m Cauldron shares for $2m, funded by a $2m converting note to Auskong, giving about 5.89% of Cauldron. Explains who paid the $2m of the Joseph judgment debt.
29 Mar 2016capital raising announcement▲ GoodMajor
Cauldron issued 16,949,176 shares at $0.118 ($2m) plus 20m options at $0.138 expiring 31 December 2016 to MGT Resources, about 5.89%. Funds go to working capital and Bennet Well field leach trials. Shares now 288.0m, options 44m.
What it means for a shareholder
16.9m new shares at A$0.118 to raise about A$2.0m. That's 5.9% dilution: every existing holder's slice gets 5.9% smaller. If you held A$1,000 of shares (8,475 at the issue price), your slice goes from 0.00313% to 0.00294% of the company. To keep it you'd need 530 more shares - about A$63 at the issue price.
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29 Mar 2016other▲ GoodMajor
Cauldron recovered $2,530,539 of the Joseph parties' judgment debt: $530,539 from them and $2m from MGT Resources, which takes the shares that were to be issued to them. $1m plus interest is still owed by Guangzhou City, whose shares are under a holding lock.
17 Feb 2016investor presentation● Neutral
Presentation to Perth brokers titled 'Exploration Success Update', covering the uranium market and Bennet Well's in-situ recovery project and WA Government support. Appears to repeat previously announced results; no new figures visible in the readable text.
12 Feb 2016half year report● Neutral
Half-year to 31 December 2015: loss after tax of $2,066,368, versus $2,480,299 a year earlier. Of the $15m Chinese placements, $10m has been received; a $1.65m R&D refund arrived in December. Nothing new beyond known events.
29 Jan 2016other▲ GoodMajor
WA Supreme Court ruled for Cauldron against Joseph Investment, Joseph Investment International and Guangrong City, ordering $3m plus interest, $55,000 damages and 85% of legal costs. Resolves the unpaid placement dispute; collection still has to be enforced.
29 Jan 2016quarterly activities report▲ Good
December quarter: Bennet Well resource lifted above the 30Mlb target (30.9Mlb), 69 holes (6,156m) drilled, and the 28 January judgment against the Chinese placement parties is noted, with enforcement to follow. A$1.6m R&D refund and $120k WA grant received.
12 Jan 2016regulatory community update▲ GoodMajor
WA's Department of Mines and Petroleum gave Bennet Well Lead Agency Project status, assigning officers to help coordinate approvals. It also published guidance for small-scale field leach testing, which Cauldron plans for the June 2016 quarter, subject to funding. Company targets potential production in 2020.
11 Jan 2016other● Neutral
Administrative notice: 39.2m unlisted options at $0.138 expired 31 December 2015. Shares now 271,053,444 and unlisted options 24m; the share rise suggests 3m options were exercised (inference).
18 Dec 2015other● Neutral
Administrative notice: 525,000 unlisted options at $0.138 lapsed on 16 December 2015. Unlisted options now 66.2m; shares unchanged at 268,053,444.
17 Dec 2015resource reserve update▲ GoodMajor
Bennet Well resource rises to 38.9Mt @ 360ppm eU3O8, 30.9Mlb (up from 21.5Mlb in July), with Indicated 18.1Mlb and Inferred 12.5Mlb. Grade up 33% from 270ppm. This follows the Bennet Well Channel drilling; mineralisation remains open.
7 Dec 2015drilling result▲ GoodMajor
25 more holes (2,411m) show Bennet Well Channel mineralisation extends at least 7km southeast, with at least 11km total known length, still open. Best: 4.45m @ 518ppm. Ravensgate will be commissioned to estimate a resource for the channel.
16 Nov 2015drilling result▲ GoodMajor
Drilling restarted at Bennet Well Channel, with hole BW0098 hitting 1.80m @ 2,900ppm eU3O8, including 1.10m @ 4,520ppm. Drilling continues at spacing aimed at an Inferred resource; inclusion in the 21.5Mlb resource is not yet determined.
9 Nov 2015capital raising announcement● NeutralMajor
After AGM approval, director Qiu was issued 16,949,178 shares at $0.118 (A$2m) plus 16m unlisted options, of which he can exercise at most 8m. Completes the Qiu placement from the open threads. Shares now 268.05m.
What it means for a shareholder
16.9m new shares at A$0.118 to raise about A$2.0m. That's 6.4% dilution: every existing holder's slice gets 6.4% smaller. If you held A$1,000 of shares (8,475 at the issue price), your slice goes from 0.00343% to 0.00321% of the company. To keep it you'd need 581 more shares - about A$69 at the issue price.
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3 Nov 2015agm notice● Neutral
Board withdrew four AGM resolutions that proposed issuing unlisted options to directors Sage, Gwynne and Li and to employees and consultants. The other resolutions go ahead at the 9 November meeting.
2 Nov 2015drilling result▲ Good
First two holes (159m) at a regional target, Manyingee South, about 16km from Bennet Well, hit uranium, e.g. 0.75m @ 289ppm eU3O8. It is 4.5km from Paladin's Manyingee deposit. Early and thin; extends the 22 September Exploration Target testing beyond Bennet Well.
29 Oct 2015quarterly activities report▲ Good
September quarter: 20 holes (1,819m) drilled at Yanrey, discovering the Bennet Well Channel, and drilling continues toward an Inferred resource. Overdue Chinese placement funds are being pursued in legal action. Rio Colorado drilling still awaits judicial approval and Argentine elections. AGM set for 9 November.
21 Oct 2015other● Neutral
Administrative notice: 500,000 unlisted options at $0.45 lapsed on 20 October 2015. Unlisted options now 50.725m; shares unchanged at 251,104,266.
13 Oct 2015drilling result▲ GoodMajor
Recent drilling plus historic Dynasty Metals holes suggest the Bennet Well Channel could extend 7.5km southeast, beyond Cauldron's licence. It has applied for new licence ELA E08/2774 to secure the ground. The extension is interpreted, not yet a resource.
1 Oct 2015other● Neutral
Administrative notice: 3,000,000 unlisted options at $0.20 expired 30 September 2015. Unlisted options now 51.225m; shares unchanged at 251,104,266.
30 Sept 2015drilling result▲ GoodMajor
First seven holes (703m) in the Bennet Well Channel hit uranium, e.g. 4.15m @ 529ppm eU3O8 from 88.9m. A new channel extends 3.2km southeast, and the company says its Exploration Target for this area rose five-fold. Drilling of the 4,000m program continues.
22 Sept 2015resource reserve update▲ GoodMajor
New Exploration Target 'BW Extended' of 19-54Mt at 300-420ppm, for 18-53Mlb U3O8, across 17 areas, on top of the existing 21.5Mlb resource. It is conceptual, not a resource; drilling is under way to test it.
21 Sept 2015other● Neutral
Administrative notice: 1,000,000 unlisted options at $0.20 expired. Unlisted options now 54.225m; shares unchanged at 251,104,266.
10 Sept 2015drilling scheduled▲ Good
About to start a 40-hole, 4,000m mud rotary program at Bennet Well, mostly to extend the resource and improve metallurgical understanding. Part is greenfield targets co-funded by the WA grant of up to $150k. Follows the July resource upgrade.
3 Sept 2015other● Neutral
Administrative notice: 275,000 unlisted employee and consultant options at $0.138 lapsed. Unlisted options now 55.225m; shares unchanged at 251,104,266.
25 Aug 2015annual report● Neutral
Annual report for the year to 30 June 2015, with directors' report and financial statements. The text provided is truncated, so no financial figures are reported here. Board: Sage, Qiu, Li and Gwynne.
25 Aug 2015other● Neutral
Corporate governance report and Appendix 4G for the year to 30 June 2015, lodged with the annual report. Administrative; no new business information.
