Past year: ▲ 219%(1.80c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
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.
29 Jan 2010quarterly activities report● Neutral
Appendix 5B for December 2009 quarter: operating outflow $741k, cash at quarter end $4.776m (up from $1.066m), with $3m raised from shares and $2m from borrowings. Next-quarter exploration spend estimated at $300k.
29 Jan 2010quarterly activities report▲ Good
December 2009 quarter: A$3m placement received, Qiu Derong appointed, Buka sale finalised with Cauldron holding about 13% of Buka (valued A$1.57m), and Marree drilling results. Cash rose to A$4.78m from A$1.07m.
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.
30 Oct 2009quarterly activities report● Neutral
September 2009 quarter: Buka sale agreed, Dempsey note partly converted, Marree 4,000m drilling started, Yanrey Exploration Target and survey done. Rio Colorado drilling still being negotiated. Dempsey's remaining 9,224,721 shares await the 24 November AGM.
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.
31 July 2009quarterly activities report● Neutral
June 2009 quarter: merger completed, board restructured, Cape Lambert stake of up to 18.7% pending. Marree $1.8m programme approved and 19,000 line km survey started. Rio Colorado drilling still being negotiated. Reports 17,000 sq km of tenements; cash $345k per later ASX query.
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.
11 June 2009admin correction● Neutral
Near-duplicate of the contact details notice, now listing Terry Topping as Chief Executive Officer rather than Managing Director. No other new information.
10 June 2009admin correction● Neutral
Company contact details changed: new postal address PO Box 1916 West Perth and new phone and fax numbers. Share count shown as 63.4 million shares, confirming the merged capital. Administrative only.
5 June 2009director officer appointment▲ GoodMajor
Post-merger board set: Tony Sage Executive Chairman, Brett Smith Executive Technical Director, Terry Topping stays MD, Kent Hunter non-executive; McBain and Logaraj leave. Greenday funding of over $7.5m is expected within weeks. Three or four drilling programmes planned in six months. Note maturity now 31 July 2012.
4 June 2009other● Neutral
Re-release of the same-day name change notice: Scimitar becomes Cauldron Energy (ASX:CXU) from 5 June 2009. Jackson record date 10 June, holding statements about 12 June. No new information.
4 June 2009business combination▲ GoodMajor
Court order lodged with ASIC on 4 June, making the Jackson scheme legally effective. Holding statements for new Scimitar shares are expected around 12 June, after the 10 June record date. The renaming to Cauldron Energy is expected before completion.
