Past year: ▲ 219%(1.80c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
31 Jan 2024quarterly activities report▲ Good
December quarter report: cash was $1.33m at 31 December. The Yanrey scoping study showed a pre-tax NPV10 of A$449M and A$117.7M upfront capital, and Melrose aircore drilling finished (110 holes, 4,248m) with assays due in February. Yanrey drilling targets early May.
24 Jan 2024resource reserve update▲ GoodMajor
Revised Yanrey exploration target across 22 areas: 20.4-66.2Mt at 326-464ppm eU3O8, in addition to the 30.9Mlb resource. It is conceptual only, not a resource. A 25,000m+ drill program is planned for 2024. Later retracted in part (see next).
24 Jan 2024admin correction▼ Bad
After consulting ASX, the company retracted the contained uranium figure (Mlbs) and some average grade and tonnage figures from the exploration target released earlier the same day. Re-issued without them; the tonnage and grade ranges remain.
18 Dec 2023drilling spud▲ GoodMajor
Maiden aircore drilling began at Melrose with Strike Drilling: about 100 holes, up to 5,000m, testing nickel-copper targets including Target 1 (earlier 19m @ 0.32% Ni). Results will guide follow-up RC drilling. E70/6467 and 6468 have been granted.
13 Dec 2023other● NeutralMajor
Bennet Well scoping study for the Yanrey uranium project, assessing a 1.5Mlb a year in-situ recovery operation with a 16.5Mlb production target. It is a low-accuracy preliminary assessment, and mining needs WA's uranium ban policy to change. Financial outputs are not in the visible text.
1 Dec 2023security holder rights change● Neutral
Company constitution lodged, adopted by special resolution at the 30 November 2023 AGM. Replaces the existing rules governing shareholder rights and company administration; the visible text shows no specific changes.
22 Nov 2023investor presentation● Neutral
CEO presentation at the RIU conference, mostly restating known points: the 30.9Mlb Yanrey resource, scoping study due by year end, Melrose drilling. Notes about 1,132m shares, 1.7c price and ~$1.85m pro forma cash. No new results.
10 Nov 2023drilling scheduled▲ GoodMajor
Drilling approval granted for up to 4,000m of aircore at Melrose, starting December. Parle Investments became a substantial holder at 11.55%, and no shortfall went to the underwriter. The Yanrey scoping study is due before year end.
10 Nov 2023other● Neutral
Registry top 20 and spread report for the new CXUAAA options (1.5c, expiring 30 Dec 2025): 229.5m options held by 431 holders. Parle Investments is the largest holder with 16.3%. Administrative.
3 Nov 2023capital raising announcement▲ GoodMajor
Rights issue closed oversubscribed, raising the full $1,427,353 at 0.9c. Applications for $1.62m were scaled back; 158.6m new shares and 52.9m options are to be issued. Canaccord receives 52.9m options as fee. Completes the October raising.
What it means for a shareholder
159m new shares at about A$0.009 to raise about A$1.4m. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (111,115 at the issue price), your slice goes from 0.0114% to 0.00981% of the company. To keep it you'd need 18,101 more shares - about A$163 at the issue price.
Create a free account to see this worked out for your own holding.
31 Oct 2023quarterly activities report● Neutral
September quarter report: cash fell to $0.5m from $0.8m at 30 June. Melrose drilling awaits end of harvest (expected late November), Yanrey scoping study is being finalised, and the Blackwood sale is done. Sand tenement interest is at a preliminary stage.
30 Oct 2023annual report● Neutral
2023 annual report. The chairman calls FY23 a year of transition: new CEO, the Melrose acquisition, and a focus on energy transition. Calls Yanrey potentially the most valuable asset, subject to WA's uranium ban. The extract has no financial figures.
30 Oct 2023annual report● Neutral
Appendix 4G and corporate governance statement lodged with the annual report; the statement is on the company website. Administrative compliance filing with no new company results.
26 Oct 2023agm notice● Neutral
Letter on arrangements for the 30 November 2023 AGM: no hard-copy notice unless requested, and proxies are due by 28 November. Administrative.
25 Oct 2023admin correction● Neutral
Board extends the rights issue closing date by two days to 1 November 2023, with a revised timetable; shortfall quotation now around 8-9 November. Gives shareholders more time to take up entitlements.
19 Oct 2023investor presentation● Neutral
CEO letter to shareholders covering the strong uranium market, Yanrey (30.9Mlb resource), Melrose EM and drill planning, the Blackwood sale and the capital raising. Largely restates known facts; the visible text shows no new company results.
18 Oct 2023capital raising announcement● Neutral
Prospectus and personalised entitlement forms sent to eligible shareholders; the offer opened 18 October and closes 30 October unless extended. If fully subscribed, shares on issue would reach about 1.13 billion. Administrative step in the existing raising.
18 Oct 2023capital raising announcement● Neutral
Letter telling shareholders with registered addresses outside Australia, New Zealand and Hong Kong that they cannot take part in the rights issue. Administrative.
17 Oct 2023agm notice● Neutral
The 2023 AGM will be held on 30 November 2023. Director nominations close 23 October 2023. Administrative notice.
11 Oct 2023asset acquisition disposition▲ GoodMajor
Sale of the 51% Blackwood gold interest is complete; $200,000 received, with $100,000 due by 25 September 2024. Resolves the sale agreed on 5 September and finishes the company's exit from gold, leaving focus on Melrose and Yanrey.
11 Oct 2023admin correction● Neutral
Rights issue timetable revised: issue date moves from 3 to 6 November 2023 and quotation to 7 November, with a shortfall settlement row added. Amended prospectus also corrects option capital structure details. Administrative.
11 Oct 2023capital raising announcement● Neutral
Amended rights issue prospectus with the revised timetable and corrected option capital structure. Terms unchanged: 1-for-6 at 0.9c, up to about $1.43m, underwritten by Canaccord Genuity. A re-release with corrections.
10 Oct 2023capital raising announcement● Neutral
Prospectus lodged for the 1-for-6 renounceable rights issue at 0.9c, with a free option per 3 shares, raising up to about $1.43m. Fully underwritten by Canaccord Genuity, with Cumulus Wealth sub-underwriting $475,784. Formal document for the raising announced 6 October.
9 Oct 2023drilling result▲ GoodMajor
Aerial EM survey at Melrose (361.3 line km) found potential targets along a linear trend matching magnetic and nickel-copper geochemical anomalies. Target 1 had earlier hits of 19m @ 0.32% Ni. Drilling planned after cropping season, probably within two months. A geophysical result, not a drill result.
9 Oct 2023admin correction● Neutral
Corrects two dates in the rights issue timetable (end of rights trading and start of deferred settlement trading). All other dates unchanged. Administrative only.
6 Oct 2023capital raising announcement● NeutralMajor
Cauldron raises about $1.6m at 0.9c per share: a $198,000 placement plus an underwritten rights issue of up to $1.43m (1 new share for every 6 held), with attaching 1.5c options. Funds Yanrey and Melrose work; Melrose drilling planned later this year.
29 Sept 2023annual report● Neutral
FY23 annual financial report for year to 30 June 2023. Shows directors unchanged and the registered office now in West Perth. The extract provided does not include financial figures.
8 Sept 2023investor presentation● Neutral
September 2023 webinar presentation repeating known facts: Blackwood sold, Melrose EM results awaited, Yanrey drilling approved. Shows 0.7c share price, ~932m shares, ~258m options and cash of about $0.77m at 30 June.
7 Sept 2023investor presentation● Neutral
Notice that CEO Jonathan Fisher will present at the ShareCafe 'Hidden Gems' webinar on 8 September 2023. Administrative, no new company information.
5 Sept 2023price query● Neutral
Responding to an ASX volume query, Cauldron says it knows of no undisclosed information. It points to the awaited Melrose EM results (due within four weeks), a strong uranium market and the Blackwood sale. Confirms Listing Rule compliance.
