Past year: ▲ 219%(1.80c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
31 Oct 2012capital raising announcement▲ GoodMajor
Barclay Wells will partially underwrite exercise of the listed 45c options expiring 31 October, up to $832,500, for a 5% commission. This gives a floor on proceeds from the options, whose strike was well above the 23c price last cited.
31 Oct 2012investor presentation● Neutral
Mining 2012 convention presentation by Simon Youds repeating the Marree base metals and Yanrey uranium discoveries. It cites 155.3m shares and a market cap of A$69.9M at 45c. No new results.
30 Oct 2012drilling result▲ GoodMajor
Hole YNMR048 at Bennet Well East recorded a preliminary peak of 9,970 ppm eU3O8, with 3.3m @ 1,596 ppm from 57.7m. It is the highest grade so far in the new channel; results are field gamma readings, not yet validated.
29 Oct 2012drilling result▲ GoodMajor
Yanrey drilling defined a high-grade palaeochannel about 1.6km long and 120m wide, open north and south. All 15 holes hit uranium, 11 in the channel (preliminary peaks 3,706 ppm). The company expects the 25-30Mlb Exploration Target to be revised up, though it is still conceptual.
25 Oct 2012drilling result▲ GoodMajor
The first hole of the 5,000m Yanrey program found a new shallow palaeochannel: 2.7m @ 1,021 ppm eU3O8 from 40.6m (preliminary field gamma). It sits above the Bennet Well resource depth. Drilling that was scheduled for October has begun and runs to mid-November.
17 Oct 2012drilling result▲ GoodMajor
Surface sampling at Marree found an 8km x 10km silver-lead-zinc anomaly in the same province as Broken Hill. Peak rock-chips from old workings: 936 g/t silver, over 20% lead, 23% zinc. A new base metals thread beyond uranium; drilling is planned but not yet done.
5 Oct 2012farm in farm out completion● NeutralMajor
Uranium Equities withdrew from the West Lake Frome joint venture, ending its earn-in towards 80%. It issued 4,000,000 of its shares to Cauldron to settle its remaining minimum commitment. Cauldron appears to regain full control of the three licences (inference).
3 Oct 2012security holder rights change● Neutral
Reminder to holders that the 12.8m listed options (45c) expire 31 October 2012, with quotation ending 24 October. The last share price cited was 23c, well below the strike.
28 Sept 2012investor presentation● Neutral
September presentation repeating known facts: Yanrey 4.8Mlb inferred resource, 25-35Mlb exploration target, and the Marree JV. Lists 155.1m shares, market cap A$35.7M at 23c, and Cape Lambert at 24.2% and the Qiu family at 23.79%.
24 Sept 2012joint venture update▲ Good
Rumble Resources reports IP survey targets at Beadell and plans 15 holes (3,000m) in October. Cauldron keeps a 20% interest, which was sold down to Rumble in 2011. Rumble's news, not Cauldron's.
20 Sept 2012price query● Neutral
ASX queried a rise from 13c to 20c intraday. Cauldron said it knew of no undisclosed information, pointing to promotional material sent to brokers and shareholders and the 28 August Yanrey drilling announcement.
13 Sept 2012annual report● Neutral
Annual report for year to 30 June 2012. Only the contents and director details are readable; no result figures are visible. Qiu Derong holds 36.9m shares and Sage 5.59m.
28 Aug 2012drilling scheduled▲ GoodMajor
A 5,000m Yanrey drilling program is scheduled for October 2012, targeting extensions to the Bennet Well resource (4.8Mlb inferred) and the Bennet Well South channels. It follows the favourable Native Title heritage ruling in late 2011.
2 Aug 2012capital raising announcement▲ GoodMajor
All $11.3m of convertible notes converted to 58.8m shares at 20c, versus an 11c close on 26 July. This removes the July repayment problem raised earlier; shares on issue rise to about 155.1m. Yanrey drilling is expected within weeks.
31 July 2012quarterly activities report● Neutral
June quarter: cash about $2.93m. Shareholders approved the convertible note changes on 25 May. Marree soil sampling and Yanrey drilling are being prepared; Marree drilling found a uranium-bearing palaeovalley needing follow-up.
7 June 2012director officer appointment● Neutral
Mining engineer Simon Youds, former CEO of African Iron, appointed Operations Consultant. He gets 2m options at $0.20 expiring 30 June 2014, vesting on Rio Colorado drilling starting or Yanrey resources above 10 and 15Mlb. Not a CEO appointment.
30 Apr 2012quarterly activities report● Neutral
March quarter: cash about $3.07m plus $1.37m liquid assets. Marree drilling finished (39 holes, 4,982m) with widespread low-level uranium at Red Banks Well. Shareholders vote 25 May on converting $11.3m of notes at 20c, as the company lacks cash to repay them by July.
18 Apr 2012other● Neutral
100,000 unlisted employee options ($0.85) lapsed on 26 March 2012. Administrative; the announcement lists unlisted options at 500,000.
4 Apr 2012other● Neutral
Registered office moved to 32 Harrogate Street, West Leederville WA. Administrative only; share and option counts and board are unchanged.
22 Mar 2012other● Neutral
Amended securities trading policy for directors and employees, covering insider trading rules and blackout periods. Administrative; no change to assets, funding or the company's story is stated.
22 Mar 2012debt financing● Neutral
Redemption date of Dempsey's $2m convertible note (Cape Lambert subsidiary) was extended from 16 March to 31 July 2012, in line with the other convertible notes. Cauldron has more time before the debt falls due.
6 Mar 2012half year report▲ Good
Half-year to 31 December 2011 shows a profit of $1,329,226 versus a $1,710,893 loss a year earlier. A $3.2m gain on the Wallbrook sale was recognised; the swing is from that one-off.
30 Jan 2012quarterly activities report● Neutral
December quarter: cash about $4.1m plus $1.0m liquid assets after the Saracen share sale. Yanrey drilling approval finally obtained. Los Colorados drilling showed consistent 5-7m anomalous zones, but grades are lower than surface sampling, best 1.5m at 904 ppm U3O8.
23 Jan 2012drilling spud● Neutral
A 6,500m drill program began at Marree with the Korean consortium, with 5,000m at MacDonnell Creek and 1,500m at Red Banks Well. It follows up the 2011 paleochannel find; the joint venture is in its final year, with A$3.34m spent so far.
7 Dec 2011other● Neutral
Unlisted employee options lapsed on 30 November 2011: 2.0m at $0.50, 2.9m at $0.60 and 2.0m at $0.80. Administrative; only 600,000 unlisted options remain.
29 Nov 2011security holder rights change● Neutral
New company constitution adopted by special resolution at the 25 November 2011 AGM. Text shown is only the contents list; no specific changes to shareholder rights are visible.
14 Nov 2011other● Neutral
100,000 unlisted employee options ($0.45) lapsed under their terms. Administrative; unlisted options now 7.5m.
10 Nov 2011asset acquisition disposition▲ GoodMajor
Cauldron sold the 5 million Saracen shares from the Wallbrook settlement for $3.8m, to fund exploration and working capital in Australia and Argentina. A sizeable cash boost against a roughly $1.3m cash balance at September.
9 Nov 2011asset acquisition disposition▲ GoodMajor
Cauldron settled the deferred consideration and royalty on the Wallbrook gold project, sold to Saracen in 2007, for 5,000,000 Saracen shares, before mining began. Cauldron calls it a good result; the royalty is given up.
9 Nov 2011asset acquisition disposition● Neutral
Saracen's side of the Wallbrook settlement: it allots Cauldron 5 million shares free of escrow, and the $1 per tonne royalty (capped at A$2m) is cancelled. Same deal as Cauldron's own announcement.
