Past year: ▲ 219%(1.80c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
16 July 2010joint venture update● Neutral
Dourado says Eclipse will keep its IPO open and lodge a supplementary prospectus, with closing extended about a month after. Cauldron has extended Eclipse's option by three months. Nearby Energy Metals reported 9.8m at 10,567ppm eU3O8.
1 July 2010other● Neutral
306,667 unlisted $1.50 options and 420,000 $2.63 options lapsed on 30 June 2010. Administrative only.
25 June 2010joint venture update● Neutral
The Eclipse Uranium IPO closing date is extended to 5 July 2010, with quotation expected around 14 July. Eclipse has exercised its option over Cauldron's Northern Territory tenements, so the spin-out moves closer, but still depends on the IPO and ASX listing.
25 June 2010joint venture update● Neutral
Dourado's version of the Eclipse IPO extension to 5 July 2010. It adds that commitments are moving toward the A$5m minimum subscription, implying the raise had not yet reached it (inference).
20 May 2010investor presentation● Neutral
Notice of a Boardroom Radio audio interview with CEO Terry Topping about the Argentine drilling start. No new information in the notice.
14 May 2010drilling spud▲ GoodMajor
Drilling starts at Las Marias, San Juan, Argentina, Cauldron's first program there: 500-600m of core targeting extensions of surface uranium up to 1,305 ppm. Results are expected mid to late June. Sage says later discretionary spending will likely favour overseas projects.
5 May 2010other● Neutral
Chairman's letter to shareholders restates the Eclipse spin-out and points to Eclipse's prospectus. Cauldron's expected stake is now stated as 20-33% (March said 29-33%), and listing must occur before 31 July 2010. No new transaction.
30 Apr 2010drilling spud● Neutral
A 2,000m mud rotary program starts at Spring Creek in the south-east of Marree, testing about 10 km of the Emu Fault Zone for Beverley-style high-grade uranium. Korean partners fund it; follows last year's low-grade Blanchewater results.
16 Mar 2010half year report● Neutral
Half-year report to 31 December 2009 restates known events: the Jackson merger, Korean-funded Marree drilling (42 holes, 3,121m) and Blanchewater anomalism of 12 km by 4 km. Financial figures are not visible in the text provided.
10 Mar 2010drilling scheduled▲ GoodMajor
Cauldron outlines a 13,000m drilling program funded by the recent raising: 4,000m aircore at Yanrey (May), 1,500m RC at Beadell (April), 1,500m at Las Marias in Argentina, and 6,000m more at Marree. Delivers the drilling long flagged for 2010.
5 Mar 2010asset acquisition disposition● NeutralMajor
Cauldron agrees to give Eclipse Uranium, a planned IPO, an option over four granted and five applied-for Northern Territory uranium licences, expiring 30 June 2010. On exercise Cauldron gets 25m Eclipse shares (29-33% at listing) and two board seats, then focuses on Australia and Argentina.
5 Mar 2010asset acquisition disposition● Neutral
Dourado Resources (ASX:DUO) announces its own spin-out of Northern Territory uranium assets into Eclipse for 25m shares (29-33%). Same Eclipse vehicle as Cauldron's option, so Eclipse would hold about 9,300 sq km. Cauldron is not a party to this release.
8 Feb 2010debt financing▲ GoodMajor
Cauldron receives the final A$5m of the A$10m Chinese investment, completing the A$7m convertible note after the A$3m placement. Management says it will step up drilling across its Australian and Argentine uranium projects in 2010.
8 Jan 2010debt financing▲ Good
Cauldron receives A$2m of the A$7m convertible note from the Chinese investors; the final A$5m is due by end of January 2010. Management calls the company well funded.
6 Jan 2010other● Neutral
400,000 unlisted $2.25 options and 66,667 $1.50 options expired on 31 December 2009. Header now shows 88.7 million shares and 11.2 million options. Administrative only.
9 Dec 2009capital raising announcement▲ Good
Cauldron receives the A$3m placement, 6m shares at 50c, to the Chinese investors, after AGM approval on 24 November. The A$7m convertible note balance is due in coming months.
30 Nov 2009other● Neutral
106,667 unlisted $3.00 options expired on 27 November 2009. Administrative only.
24 Nov 2009drilling result▲ GoodMajor
Marree drilling (42 holes, 3,121m) finds uranium anomalism over 12 km by 4 km at Blanchewater, best 0.60m at 180 ppm eU3O8, peak 245 ppm. Low grades and wide spacing, but extends the October 2008 discovery; more drilling planned for 2010.
10 Nov 2009capital raising announcement▲ GoodMajor
Cauldron raises A$10m from Chinese investors: A$7m convertible notes (50c conversion, 10% coupon, due 31 July 2012) and A$3m placement of about 6m shares at 50c, needing AGM approval. Qiu Derong joins the board; drilling rigs targeted at all major projects by Q1/Q2 2010.
21 Oct 2009other● Neutral
46,667 unexercised $1.73 options expired on 18 October 2009. Unlisted options now stated at 6.8 million. Administrative only.
20 Oct 2009drilling spud▲ GoodMajor
Drilling starts at Marree, SA: a 4,000m mud rotary programme of 35-40 holes over a 16 km strike length, funded by the Korean partners' $6.2m earn-in. This follows the airborne survey and delivers the drilling flagged earlier.
16 Oct 2009asset acquisition disposition● Neutral
Duplicate release of the Buka Gold deal: Cauldron sells Jackson Minerals and other non-uranium projects for 10,458,935 Buka shares (about 13%) plus A$250,000. Re-release with no new terms; conditions must be met by 31 December 2009.
16 Oct 2009asset acquisition disposition● NeutralMajor
Cauldron agrees to sell Jackson Minerals and other non-uranium projects (Mt Elvire, Bardoc, Bungalbin JV) to Buka Gold for 10,458,935 Buka shares (about 13% of Buka) plus A$250,000, valued near A$1m. Conditional on due diligence and approvals by 31 Dec 2009.
1 Oct 2009annual report● Neutral
Annual financial report for the year to 30 June 2009. Only the contents and corporate directory are visible; no financial figures can be read from this extract.
15 Sept 2009resource reserve update▲ GoodMajor
Cauldron states an initial Exploration Target of 25 to 35 million pounds U3O8 at 300 to 900 ppm at Yanrey, beside Paladin's 24Mlb Manyingee. It is conceptual, not a resource; the only defined resource remains Bennet Well's 4.8Mlb inferred. Drilling depends on approvals and the wet season.
14 Aug 2009listing compliance notice▼ BadMajor
ASX queried the June quarter report: cash was $345k, quarterly operating outflow $546k and next-quarter exploration spend $200k. Cauldron replied it expects the convertible note funding, $1.8m from Korean partners, and possible sale of its listed shareholdings to cover costs, and says it is reviewing non-essential spending.
13 Aug 2009debt financing▲ GoodMajor
Cauldron received $1.9m in convertible note funding, including $1.5m from Cape Lambert's Dempsey. Notes carry 10% coupon, convert at 50c and are repayable by 31 July 2012. Far short of the $7.5m or more earlier flagged for the Greenday facility.
15 July 2009capital raising announcement● Neutral
Appendix 3B for 15 July issues: 3.4m shares for advisory services and 6,108,612 shares to Dempsey at $0.15 on note conversion. Quoted shares become 72.9m. Matches the main announcement.
15 July 2009capital raising announcement● NeutralMajor
Cape Lambert's subsidiary Dempsey is converting its $2.3m note into 15.3m shares, up to about 18.7%: 6.1m shares now at 15c, the rest subject to a vote at the October AGM. Also 3.4m shares issued for advisory services; Marree $1.8m first-year budget approved; Rio Colorado 3,000m drilling being negotiated. Tony Sage chairs both companies.
15 June 2009asset acquisition disposition● NeutralMajor
Final allotment of 13,278,757 new shares to Jackson holders at 7.5:1, completing the merger. Total shares now 63,390,750. This closes the Jackson scheme thread.
