Past year: ▲ 219%(1.80c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
12 Dec 2022capital raising announcement● Neutral
Prospectus and personalised entitlement forms sent to eligible shareholders for the 1-for-3 rights issue at 0.7c, closing 21 December. Administrative step. Full take-up would bring shares on issue to 931,568,001.
12 Dec 2022capital raising announcement● Neutral
Notice to shareholders with registered addresses outside Australia, New Zealand and Hong Kong that they cannot take part in the rights issue. Administrative only, no new information.
9 Dec 2022capital raising announcement▲ Good
The placement is complete: 91,131,652 shares issued at 0.7c, raising $637,922. The $1.63m rights issue opens 12 December. A Yanrey uranium drilling program targeting high-grade historical targets is planned for early 2023.
What it means for a shareholder
91.1m new shares at A$0.007 to raise about A$637,922. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (142,857 at the issue price), your slice goes from 0.0235% to 0.0204% of the company. To keep it you'd need 21,429 more shares - about A$150 at the issue price.
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6 Dec 2022capital raising announcement● Neutral
Prospectus lodged for the 1-for-3 rights issue at 0.7c to raise up to about $1.63m, with one free option per four shares taken up. Fully underwritten by Canaccord Genuity. Formal document for the raising announced on 2 December.
2 Dec 2022admin correction● Neutral
Corrects the earlier raising announcement: the free attaching options for rights issue subscribers do not need shareholder approval. Only options for the underwriter and sub-underwriters do. No change to the raising terms.
2 Dec 2022capital raising announcement● NeutralMajor
Cauldron raises about $2.27m at 0.7c a share: a $637,922 placement plus a fully underwritten 1-for-3 rights issue of $1.63m, with Canaccord Genuity. Priced 30% below the last close of 1c. Funds go mainly to Yanrey uranium, new projects and working capital.
2 Dec 2022director officer appointment● NeutralMajor
Jonathan Fisher, former CFO of TNG Ltd, is appointed CEO from 1 December 2022 on a $250,000 base salary. He gets 45m options at 1.5c, 2.0c and 2.5c, subject to shareholder approval. Continues the management refresh.
31 Oct 2022admin correction● Neutral
Appendix 4G corporate governance checklist for the year to 30 June 2022, lodged with the annual report. Administrative filing with no new information.
31 Oct 2022annual report● Neutral
FY2022 annual report. Chairman Mulholland calls Yanrey uranium the primary focus given strong uranium prices, but notes the WA uranium ban blocks it. Blackwood gold is also highlighted. Provided text shows no financial figures.
3 Oct 2022annual report● Neutral
Full-year statutory accounts for the year to 30 June 2022. The provided text covers only the directors' details, including Mulholland and Fry, and no financial figures. Text is largely a repeat of the Annual Report released later in October.
7 Sept 2022director officer appointment● NeutralMajor
CFO and Company Secretary Michael Fry joins the board, replacing Simon Youds, who resigned immediately. The company describes this as part of a board and management refresh under Chairman Ian Mulholland, who started 31 May 2022.
11 Aug 2022drilling result▲ GoodMajor
Second high-grade Blackwood hit: BKD015 returned 0.8m at 19.2 g/t gold, including 0.3m at 27 g/t, matching BKD014 and earlier face sampling of 2.45m at 31.3 g/t. BKD013 had no significant gold. Supports the company's shoot model.
10 Aug 2022debt financing● NeutralMajor
Director Qiu Derong agreed to lend $500,000 for short-term working capital at 8% a year over 6 months. Repayable in cash or shares at 0.7c, subject to shareholder approval. The text gives the loan's purpose as working capital only.
2 Aug 2022drilling result▲ GoodMajor
First meaningful Blackwood assay: hole BKD014 returned 0.6m at 20.1 g/t gold, after the earlier holes BKD001-010 missed or hit only low grades. BKD011 gave 0.35m at 1.06 g/t. Resolves the long wait for assays; drilling continues.
29 July 2022listing compliance notice▼ BadMajor
ASX temporarily paused trading in Cauldron's securities pending a further announcement. The text gives no reason; the cause is not stated.
31 May 2022director officer appointment▲ GoodMajor
Ian Mulholland, former 15-year Managing Director of Rox Resources, is appointed Non-Executive Chairman, with Simon Youds moving to Executive Director. Jess Oram resigned from the board. Mulholland gets $60,000 a year and 5m options at 2c, subject to shareholder approval.
16 May 2022drilling progress report▲ Good
Blackwood core recovery problems are reported as fixed: a triple-tube NQ3 system with experienced drillers now gives over 90% recovery, versus up to 60% earlier. Resolves the poor-recovery issue from earlier holes; still no assay results.
18 Mar 2022capital raising announcement● Neutral
The $0.75m placement completed: 44,117,647 shares issued at 1.7c plus 14,705,882 free 3.4c options (exp. 15 Mar 2024). Everblu receives a 6% fee and 10m options. Shares on issue rise to 535,411,277.
What it means for a shareholder
44.1m new shares at A$0.017 to raise about A$750,000. That's 8.2% dilution: every existing holder's slice gets 8.2% smaller. If you held A$1,000 of shares (58,824 at the issue price), your slice goes from 0.012% to 0.011% of the company. To keep it you'd need 5,282 more shares - about A$90 at the issue price.
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16 Mar 2022half year report▼ Bad
Half-year to 31 Dec 2021: loss of $374,422, against a $143,249 profit in the prior period. Report restates the Blackwood, Yanrey and WA Sands portfolio and the Sept 2021 $1.2m placement; Yanrey remains suspended by the WA uranium ban.
14 Mar 2022capital raising announcement● NeutralMajor
Placement of 44,117,647 shares at 1.7 cents to raise $0.75m before costs, managed by Everblu Capital, with one free 3.4c option (exp. Mar 2024) per three shares. Priced at a 19% discount to last close; funds mainly complete Blackwood drilling. Follows the Sept 2021 raise at 3.4c.
What it means for a shareholder
44.1m new shares at A$0.017 to raise about A$750,000. That's 8.2% dilution: every existing holder's slice gets 8.2% smaller. If you held A$1,000 of shares (58,824 at the issue price), your slice goes from 0.012% to 0.011% of the company. To keep it you'd need 5,282 more shares - about A$90 at the issue price.
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10 Mar 2022other▼ Bad
Cyclone Metals (formerly Cape Lambert Resources) filed a writ on 28 February 2022 claiming $140,012.41 over a sub-lease of Cauldron's former West Leederville premises. Cauldron disputes the claim and intends to defend it.
4 Mar 2022drilling spud● Neutral
Phase 2 underground drilling began at Blackwood from the cleared platform in the Tyrconnel Adit, targeting historical high-grade zones of the Western Leader Reef. Follows the voids that stopped earlier holes; no results yet.
24 Feb 2022investor presentation● Neutral
Executive Chair's presentation at a Victorian gold forum, promoting Cauldron's mix of uranium, gold and river sand and the Blackwood gold geology. Text is largely background and repeats known facts; no new results shown in the provided text.
21 Feb 2022drilling result▼ Bad
Three December 2021 Blackwood holes (32m total) were abandoned in voids and broken ground before reaching target depth, with poor core recovery. Best result was a 1m open-hole sample at 0.86 g/t gold; a channel sample gave 2m at 1.27 g/t. Phase 2 drilling is planned.
23 Dec 2021drilling progress report▲ Good
Blackwood drilling recommenced on 22 December 2021, a day ahead of the 23 December target. An initial fan of five holes targets the area next to the Annie Laurie reef. Resumes the program after delays; no results yet.
23 Dec 2021investor presentation● Neutral
Desktop review of historical reports on Blackwood's Western Reefs, citing mined widths up to 9m and grades up to 920 g/t gold, with mining stopping at about 230m (Sultan) and 134m (Mounters). These are historical claims, not new results; targets are reachable from the Tyrconnel adit.
13 Dec 2021drilling scheduled▲ Good
Blackwood drilling is scheduled to restart on 23 December 2021 with a fan of five holes near the Annie Laurie reef. The company says the Kempe rig and operators are available again as COVID travel limits lifted. Follows the ground support delays.
23 Nov 2021drilling result▲ Good
Passive seismic at Yanrey's Flagstaff Prospect found multiple basement complexity targets for follow-up drilling, using the model built at Bennet Well (31Mlb). This is geophysics, not drilling or a new resource; WA's uranium ban still limits work.
16 Nov 2021drilling progress report▲ Good
Ground support at the Annie Laurie–Tyrconnel junction is stabilised, with fallen material nearly cleared after weather-related ground falls. Visible gold was seen in an old access rise; 22 channel samples were sent for assay. No assay results yet.
29 Oct 2021annual report● Neutral
FY2021 annual report, including chairman's letter and full financial statements. The provided text is truncated before any financial figures. The chairman says Blackwood is mid-drilling, the sand project is poised, and Yanrey is potentially most valuable but blocked by WA's uranium ban.
