Past year: ▲ 219%(1.80c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
17 Mar 2011debt financing● NeutralMajor
Cauldron received $2m in convertible note funding from Cape Lambert's subsidiary Dempsey, at 10% coupon, convertible to shares before 16 March 2012 subject to shareholder approval. Deepens Cape Lambert's role after the CEO's exit; funds existing projects and working capital.
15 Mar 2011half year report● Neutral
Half-year to 31 Dec 2010 shows a loss of $1,710,893, versus $4,926,110 a year earlier. The report recaps Yanrey (4.8Mlb inferred resource) and other projects; no new operational information.
9 Mar 2011drilling spud● Neutral
A 4,000m drilling program started at Marree, targeting Blanchewater and Redbanks Well uranium anomalies (peak 245 ppm). It is the March-quarter program previously planned, funded by the Korean partners under the $6.2m earn-in.
3 Mar 2011capital raising announcement● Neutral
Eclipse Uranium, 36.78% held by Cauldron, announced a 1-for-2 options issue at 1c (20c exercise, 3 years). Cauldron will not take up its entitlement. Eclipse also appointed a director and company secretary. Little direct change for Cauldron shareholders.
21 Feb 2011material agreement▲ GoodMajor
Cauldron will lend up to A$650,000 to Argentine company Caudillo to explore the historic Los Colorados uranium mine. At Cauldron's option the loan converts to 80% of Caudillo. The mine produced 55,000 kg of concentrate in 1992-96; stockpile grade is unknown.
21 Feb 2011asset acquisition disposition● Neutral
Cauldron became a substantial holder of Eclipse Uranium on 16 Feb 2011, holding 26,020,000 shares (36.78%), mostly 26m bought for about $202,000. This follows the earlier option exercise on its Northern Territory tenements; the 25m-share consideration is now held.
4 Feb 2011director officer appointment▼ BadMajor
CEO Terry Topping, a founding director, resigned effective immediately. Major shareholder Cape Lambert Resources will oversee finance, marketing and technical work, while Sage and Smith run day-to-day management. Reason given: to pursue other opportunities.
13 Jan 2011drilling result● Neutral
Six Beadell holes (1,702m) found widespread but mostly low-grade copper, lead and zinc, best 1m @ 7840 ppm Cu and 8.55 g/t Au and 28m @ 1794 ppm Pb. The company says the source of the electromagnetic anomaly lies deeper and is still untested.
30 Dec 2010other● Neutral
50,000 unlisted options exercisable at $0.305 lapsed on 22 December 2010. Administrative; unlisted options now about 10m.
22 Dec 2010other● Neutral
Share trading policy document setting out insider trading rules and closed periods for directors and staff. Corporate governance policy; no new business information.
1 Dec 2010other● Neutral
106,667 unlisted options ($3.75) and 4,000,000 unlisted options ($0.80) lapsed unexercised. Administrative; unlisted options fall to 10.3m.
3 Nov 2010drilling result● Neutral
At ASX's request, Cauldron supplied the full hole table for the Red Banks drilling. Most holes read under 10x background; the peak remains 153 ppm in MAMR116. No new results.
1 Nov 2010drilling spud● Neutral
A 1,500m reverse circulation program started at the 80%-owned Beadell project in WA, testing two airborne electromagnetic targets that resemble massive sulphide mineralisation. Delivers on the planned September-quarter drilling; this is base metals, not uranium.
29 Oct 2010drilling result● Neutral
Red Banks drilling at Marree (30 holes, 2,266m) found a redox front over about 6 km, with a peak of 153 ppm eU3O8 and 0.35m @ 127 ppm. Modest grades but a new target; a further 4,000m is being planned with the Korean partners.
25 Oct 2010capital raising announcement● Neutral
The 2,709,583 shortfall options from the August option offer were issued, completing the entitlement issue. Listed options now 12.9m. Small raising (1c each, so about A$27k for the shortfall).
8 Oct 2010drilling result▲ GoodMajor
Yanrey aircore drilling finished: 4,585m across four of five targets over 40 km, finding two new uranium palaeochannels 30-40 km south of Bennet Well. Best intercept 1.88m @ 430 ppm eU3O8. Extends the August high-grade find; follow-up drilling is being planned.
30 Sept 2010drilling spud● Neutral
A 3,000m mud rotary program starts at Red Banks in the north-west of Marree, with wide 3.2 km by 1.6 km spacing over a 12 km zone. Korean consortium funds it; earlier Blanchewater drilling peaked at 245 ppm.
30 Sept 2010annual report● Neutral
Annual report for year to 30 June 2010 lists the same board, with Bentleys as auditor. The financial figures are not visible in the text provided.
29 Sept 2010capital raising announcement● Neutral
Option offer closed with 6,162,825 options accepted, about 70%, leaving a shortfall of 2,709,583 that directors will try to place. At 1c each, accepted options raise about A$62k.
10 Sept 2010capital raising announcement● Neutral
Prospectus for the option offer (up to 8,872,408 options at 1c, exercisable at 45c) was posted on 10 September; acceptances close 24 September. Administrative notice.
30 Aug 2010farm in farm out agreement▲ GoodMajor
Uranium Equities can earn 80% of Cauldron's West Lake Frome project in South Australia by funding A$5m over five years, with a minimum A$0.7m including 4,000m of drilling before it can withdraw. Cauldron's own cost is carried; licence renewal is a precondition.
30 Aug 2010farm in farm out agreement▲ Good
Uranium Equities' version of the West Lake Frome farm-in with Cauldron: it can earn 80% of 1,444 sq km by spending A$5m over five years, with a A$0.7m minimum. Renewal of the licences is a precondition.
30 Aug 2010capital raising announcement● Neutral
Letter to optionholders restating the option offer. Optionholders cannot participate unless they exercise before the 6 September record date. No new information.
30 Aug 2010capital raising announcement● Neutral
Shareholder letter restating the option offer: one 45c option per ten shares at 1c, record date 6 September, closing 24 September. Shares last traded at 22.5c. No new information.
26 Aug 2010capital raising announcement● Neutral
Full prospectus for the option entitlement offer: up to 8,872,408 options at 1c, exercisable at 45c by 31 October 2012, to raise up to A$88,724. Quotation to be sought. Restates the earlier announcement.
26 Aug 2010capital raising announcement● Neutral
Cauldron offers shareholders one 45c option (expiring 31 Oct 2012) per ten shares held, priced at 1c each, up to 8.87m options. Record date 6 Sept, closes 24 Sept. Raises at most about A$88,724.
17 Aug 2010drilling result▲ GoodMajor
First of five Yanrey targets, 1.5 km south of Bennet Well, found new high-grade uranium: 1.50m @ 1152 ppm and 2.18m @ 657 ppm eU3O8. Mineralisation open, over 2.5 km strike. 16 of 4,000m aircore holes done; a positive early result.
26 July 2010other● Neutral
Board warns shareholders that unsolicited letters from Carina Capital, for McNaughton Acquisitions, offer an 'investment opportunity' using CXU shares, in UK litigation funding assets. Directors unanimously advise taking no action without professional advice. Not a bid for Cauldron.
21 July 2010drilling result● NeutralMajor
Marree drilling of 19 holes (2,394m) at MacDonnell Creek outlines a 2 km by 400-800m low-grade uranium zone; peak stays 245 ppm eU3O8. Another 9 holes were drilled at Spring Creek; a further 5,000m is planned. Low-grade, but extends the discovery.
16 July 2010joint venture update● Neutral
Cauldron confirms the Eclipse IPO stays open pending a supplementary prospectus, and its option to Eclipse is extended three months beyond the 30 June expiry. A neighbour's high-grade result 10 km from the Eclipse Project is noted. The spin-out is delayed.
