Past year: ▲ 219%(1.80c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
8 Sept 2021capital raising announcement▲ Good
The $1.2m placement at 3.4c is completed: 35,294,118 shares and 17,647,059 free 5c options (expiring Nov 2023) were issued. Shares on issue rise to 491,293,630. Confirms the earlier announced raising; the company reports demand of over $2.7m.
7 Sept 2021capital raising announcement● NeutralMajor
Cauldron raised $1.2m via a placement of 35,294,118 shares at 3.4c, a 20% discount to the last close, with one free 5c option per two shares (expiring Nov 2023). Lead manager 180 Markets gets a 6% fee. Funds go to Yanrey seismic, Blackwood drilling, sand and working capital.
What it means for a shareholder
35.3m new shares at A$0.034 to raise about A$1.2m. That's 7.2% dilution: every existing holder's slice gets 7.2% smaller. If you held A$1,000 of shares (29,412 at the issue price), your slice goes from 0.00645% to 0.00599% of the company. To keep it you'd need 2,276 more shares - about A$77 at the issue price.
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6 Nov 2020capital raising announcement▲ Good
Cauldron completed the $1.60 million placement of 51,612,903 shares at 3.1c. The lead manager received 3,096,774 shares and 17,548,387 options as fees. Shares on issue rise to 447,999,512, with 25,806,452 options issued to placement participants.
What it means for a shareholder
51.6m new shares at A$0.031 to raise about A$1.6m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held A$1,000 of shares (32,258 at the issue price), your slice goes from 0.0082% to 0.00725% of the company. To keep it you'd need 4,233 more shares - about A$131 at the issue price.
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28 Oct 2020capital raising announcement▲ GoodMajor
Cauldron secured commitments for a $1.60 million placement of 51,612,903 shares at 3.1c, with one free 5c option per two shares. Funds go mainly to fast-tracking Blackwood exploration, plus Yanrey maintenance and working capital. Follows the July tax credit allocation.
What it means for a shareholder
51.6m new shares at A$0.031 to raise about A$1.6m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held A$1,000 of shares (32,258 at the issue price), your slice goes from 0.0082% to 0.00725% of the company. To keep it you'd need 4,233 more shares - about A$131 at the issue price.
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24 Mar 2020capital raising announcement▲ GoodMajor
Cauldron completed the final placement tranche: 33,333,332 shares at 1.5c raising $500,000. Total placement is $705,002 from 47,000,127 shares, with free 3c options expiring 31 March 2022. Funds go mainly to drilling Blackwood, completing the November plan.
What it means for a shareholder
33.3m new shares at A$0.015 to raise about A$500,000. That's 9.2% dilution: every existing holder's slice gets 9.2% smaller. If you held A$1,000 of shares (66,667 at the issue price), your slice goes from 0.0202% to 0.0184% of the company. To keep it you'd need 6,749 more shares - about A$101 at the issue price.
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18 Nov 2016capital raising announcement▲ Good
Cauldron confirmed it has received the full $2.5m under the placement (31.25m shares at $0.08). Shares will be issued only if shareholders approve at the 24 November 2016 AGM.
What it means for a shareholder
31.3m new shares at A$0.080 to raise about A$2.5m. That's 10% dilution: every existing holder's slice gets 10% smaller. If you held A$1,000 of shares (12,500 at the issue price), your slice goes from 0.00461% to 0.00413% of the company. To keep it you'd need 1,441 more shares - about A$115 at the issue price.
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19 Sept 2016capital raising announcement▲ GoodMajor
Cauldron signed a $2.5m placement with a new Chinese investor: 31.25m shares at $0.08, plus 20m options at $0.08 expiring 31 December 2018. Subject to investor budget approval and shareholder approval at the AGM; an extra director will be appointed. Funds go to Bennet Well.
What it means for a shareholder
31.3m new shares at A$0.080 to raise about A$2.5m. That's 10% dilution: every existing holder's slice gets 10% smaller. If you held A$1,000 of shares (12,500 at the issue price), your slice goes from 0.00461% to 0.00413% of the company. To keep it you'd need 1,441 more shares - about A$115 at the issue price.
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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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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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1 July 2015capital raising announcement▲ GoodMajor
Director Qiu Derong paid A$1.71m cash toward his A$2m placement at A$0.118 (A$0.29m offsets owed director fees); shares need shareholder approval. A$0.8m R&D refund also received. Funding lets Bennet Well drilling resume early August 2015.
1 July 2014capital raising announcement▲ GoodMajor
Cauldron secures a further A$4m from Chinese investor Starry World at A$0.118 (33.9m shares), paid in four A$1m instalments from March to December 2015, subject to shareholder approval. Lifts the Chinese placements to A$15m, with another Chinese director to be appointed.
10 June 2014capital raising announcement▲ GoodMajor
Cauldron secures an A$11m placement from Chinese investors at A$0.118 a share (93.2m shares), paid June 2014 to December 2015, subject to shareholder approval. Includes A$2m from director Qiu Derong. Finishes the long-pending Beijing funding effort; funds Yanrey, Marree and Argentina work.
10 July 2013capital raising announcement▲ GoodMajor
Cauldron secures A$1.5m in converting loans from Cape Lambert and director Qiu, at 10% interest, due by 31 July. They convert to shares if approved at the 2013 AGM, otherwise repayable by 30 June 2014. Also reports early Barradale drilling at Yanrey, which found deep paleochannels, with assays due end of July, and A$300k in grants.
5 Nov 2012capital raising announcement▲ GoodMajor
Of 12.6m listed options, 10,203,338 expired and 2,437,360 were exercised at 45c, raising $1,096,812, including by Tony Sage and Cape Lambert. A further $832,500 of shares will be issued under the underwriting. Shares on issue rise to 157.8m.
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.
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.
12 Sept 2011capital raising announcement▼ BadMajor
Cauldron placed 7,300,000 shares at 10 cents to raise $730,000 before costs, for exploration and working capital. Issued shares rise to 96.2m. The price is well below the 18.5c market price in April and the 50c Chinese placement.
What it means for a shareholder
7.3m new shares at A$0.100 to raise about A$730,000. That's 7.6% dilution: every existing holder's slice gets 7.6% smaller. If you held A$1,000 of shares (10,000 at the issue price), your slice goes from 0.0112% to 0.0104% of the company. To keep it you'd need 820 more shares - about A$82 at the issue price.
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13 Apr 2011capital raising announcement▲ GoodMajor
Cauldron announced an underwritten options issue (Barclay Wells), 2 options per 3 shares at 2c, 25c exercise to 31 May 2012, raising about $1.19m, with funds for Yanrey exploration and working capital. Later not proceeded with.
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.
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).
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 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.
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.
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.
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.
