Past year: ▲ 219%(1.80c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
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 2022quarterly activities report● Neutral
September 2022 quarter: Blackwood underground drilling is finished, with best hits 0.6m at 20.1 g/t and 0.8m at 19.2 g/t gold; several holes were lost to poor ground. Next steps are being assessed. Cash was $0.24m.
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.
26 Oct 2022agm notice● Neutral
Cover letter to shareholders on AGM arrangements for 29 November 2022: notice available online, proxies due by 27 November. Administrative only, no substantive news.
19 Oct 2022agm notice● Neutral
Administrative notice: the 2022 AGM is set for 29 November 2022 in Subiaco, with director nominations closing 25 October 2022. No substantive news.
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.
29 July 2022quarterly activities report● Neutral
June 2022 quarter: Blackwood drilling now gives 90-100% core recovery and has hit quartz-bearing lodes, with assays awaited and 4-5 more holes planned. Cash was $0.24m plus $0.375m of listed shares. Yanrey remains idle under the WA uranium ban.
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.
29 Apr 2022quarterly activities report▼ Bad
March 2022 quarter: Blackwood drilling was suspended for much of two months due to a shortage of Kempe drillers, with a restart expected in May. The plan is now 37 holes (~1,100m); PL7763 grant is expected Q4 2022/Q1 2023. No assays reported.
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.
Create a free account to see this worked out for your own holding.
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.
Create a free account to see this worked out for your own holding.
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.
31 Jan 2022quarterly activities report● Neutral
December 2021 quarter: ground support finished just before Christmas and Blackwood drilling resumed 22 December, with driller availability still a challenge. PL7763 application accepted; first phase plans 36 holes for about 4,800m. No assays reported in the provided text.
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.
17 Dec 2021agm notice● Neutral
Letter to shareholders on the 25 January 2022 AGM, explaining the notice will be available online rather than posted unless requested. Administrative; no new information.
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.
