Each one in plain English, with the numbers worked through for a shareholder.
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.
At Cauldron's request, ASX suspended trading pending a capital raising announcement, following a trading halt requested on 23 October 2020. The suspension was to last until the announcement or normal trading on 29 October.
Appendix 4G corporate governance checklist filed with the annual report, stating the governance statement is current at 30 September 2020. Compliance filing with no new project or financial information.
Annual report for the year to 30 June 2020. The extract covers only directors' details and corporate information; no financial results are in the provided text. Directors and BDO as auditor are unchanged.
Further review of historic data picks Rogers Big Hill, in Blackwood's central area, as a priority target, with a 750 m prospect still open at depth. Cauldron will seek approval to drill. Shares on issue are shown as 393,289,835, up from 376,289,835.
Data review of Blackwood (Cauldron 51% in the joint venture) finds a 3.5 km gold trend with historic production of 152,000oz at 16 to 23 g/t. Cauldron will seek drilling approval. These are historic data and not a new resource or drill result.
Cauldron won a Junior Minerals Exploration Incentive allocation of up to $600,000 in tax credits for eligible Australian investors who buy new shares between 9 July 2020 and 30 June 2021. It may help future capital raisings (inference).
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.
Half-year to 31 December 2019: loss of $819,643 versus $2.60m a year earlier. Victorian gold heads of agreement conditions are still incomplete. 342,956,503 shares are on issue after the $205,002 placement at 1.5c. Yanrey remains inactive.
Whistleblower policy document for directors, staff and contractors. Michael Fry, Company Secretary, is named whistleblower officer. Governance filing with no new project or financial information.
After discussions with ASX, Cauldron retracted parts of its 29 November and 12 December announcements. The retracted items include the current value of historic gold production, historical results and exploration target statements that did not comply with JORC rules. Revised versions were attached.
Cauldron says legal and technical due diligence is complete on Blackwood and Bullarto South (160km2 combined). Joint venture agreements are being finalised, with regulatory approval still needed. Drilling approvals are being prepared, with fieldwork targeted for the new calendar year.
29 Nov 2019listing compliance notice● NeutralMajor
Cauldron requested a voluntary suspension pending an announcement about a heads of agreement to acquire a new project, expected by 2 December 2019. Follows the trading pause.
Investor presentation on the Victorian goldfields and the Blackwood project, released alongside the heads of agreement. It lists 329.3m shares, $5.93m market capitalisation and $0.6m cash (the cash line is garbled in the text; one figure also reads $1.1m). Mostly repeats the acquisition story.
ASX suspended Cauldron's securities from quotation at the company's request, pending an announcement about an acquisition. This puts the 29 November request into effect.
Heads of agreement to acquire an initial 51% of the Blackwood Gold Project (EL 5479, Victoria), rising to 65% on a 300,000oz resource and 80% on a decision to mine. Also a $450,000 placement at 1.5c, subject to due diligence; second Victorian gold project after Bullarto South.
8 Nov 2019asset acquisition disposition▲ GoodMajor
Cauldron signed a heads of agreement to acquire an initial 60% of the Bullarto South Gold Project in Victoria, rising to 80% if a resource of at least 300,000oz gold is reported. Subject to due diligence and approvals; a move into gold beyond uranium.
Appendix 4G for the year to 30 June 2019: corporate governance statement is on the website and board-approved. Administrative filing lodged with the annual report; no new information.
Annual report for the year to 30 June 2019, listing Simon Youds as chairman and Jess Oram as CEO. The text provided shows no new project or resource news.
Half-year to 31 December 2018: loss of $2.60m versus a $2.90m profit a year earlier. Nicholas Sage was removed as a director on 25 February 2019. Bennet Well resource unchanged at 30.9Mlb.
15 Mar 2019director officer appointment▲ GoodMajor
Simon Youds appointed non-executive chairman from 15 March 2019, filling the vacancy left by Tony Sage's November exit. He was Cauldron's Manager of Operations 2012-2016 and is CEO of Vector Resources, with African mining experience.
Board says it will recruit a new chairperson, speed up project acquisitions (uranium and battery metals), keep advancing Yanrey and cut corporate costs. It says a new project could be announced soon. A strategy statement with no new deal or figures.
Starry World Investment, holding more than 5%, has requested a general meeting to vote on removing director Nicholas Sage. The board must call it within 21 days, and the meeting must be held within two months. The reason is not stated.
20,000,000 unlisted options exercisable at $0.08 lapsed unexercised on 31 December 2018, as expected. No shares were issued; the share count stays at 329,289,708.
19 Dec 2018material agreement termination▼ BadMajor
Cauldron terminated the Oceltip farm-in on 18 December 2018 because Oceltip did not complete its due diligence in the agreed time. The $2m exploration commitment announced on 4 October falls away, and Cauldron keeps 100% of the tenements.
Tony Sage will not stand for re-election at the 22 November AGM, so Resolution 3 was withdrawn. He retires as a director immediately before the meeting, bringing forward the chairman exit announced on 14 November.
