Past year: ▲ 219%(1.80c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
16 Nov 2018material agreement termination▼ BadMajor
The Pilbara lithium acquisition from Mercury will not proceed because some conditions were not satisfied, and the parties agreed to terminate. This ends the 5 October deal. Cauldron says it has copper-cobalt projects at an advanced stage of negotiation.
14 Nov 2018director officer appointment● NeutralMajor
Okewood has given notice ending its contract, so Tony Sage's appointment as non-executive chairman will cease on 31 December 2018, citing Okewood's increasing workload. Sage was the inaugural chairman after the Scimitar-Jackson merger, with almost 10 years of service.
2 Nov 2018asset acquisition disposition● Neutral
Cauldron and Mercury extended the deadline to complete the Pilbara lithium project acquisition to 8 November 2018. The deal announced on 5 October is still not completed.
5 Oct 2018asset acquisition disposition▲ GoodMajor
Cauldron agreed to buy the Pippingarra and Marble Bar lithium projects (over 360km2, Pilbara) from Mercury Resources for 40m shares, 40m options, 60m performance shares, a 1% royalty and $500,000 cash. This is the first concrete step in its diversification away from uranium.
4 Oct 2018farm in farm out agreement▲ GoodMajor
Oceltip Metals agreed to fund $2 million of exploration over three years on tenements next to Yanrey (E08/2017, E08/2385-87, plus applications E08/2666-68) to earn 60%, with Cauldron keeping 40%. Oceltip can extend by two years if it spends at least $1m.
19 Sept 2018admin correction● Neutral
Revised 2018 annual report, re-issued to add a mineral resource statement and competent person statement required by the ASX Listing Rules (pages 5-7). The 30.9Mlb Bennet Well resource itself is not stated as changed.
28 Aug 2018other● Neutral
Appendix 4G for the year to 30 June 2018: the corporate governance statement is on the company website and approved by the board. Administrative filing lodged with the annual report; no new information.
28 Aug 2018annual report● Neutral
Annual report for the year to 30 June 2018. Tony Sage is non-executive chairman and Jess Oram is CEO. The auditor is BDO. The extracted text does not include the financial results. A revised version followed on 19 September 2018.
30 Apr 2018other● Neutral
Corporate governance statement for the year to 30 June 2017, lodged late in April 2018. It reports the board's compliance against the ASX governance recommendations. Administrative; no new operational or financial information.
24 Apr 2018quarterly activities report● NeutralMajor
March quarter: cash $2.45m. Uranium policy clarification is still awaited, so Cauldron has begun looking at other projects in Australia and overseas, including uranium, gold, lithium and cobalt. Yanrey now has 15 granted licences (1,548km2) and 4 applications.
26 Feb 2018half year report● Neutral
Half-year to 31 December 2017: profit after tax of $2,903,175 against a $1,238,735 loss a year earlier. The text does not give the cause. No Bennet Well development work was done because of uncertainty over Labor's uranium policy, and Boolaloo was surrendered in August 2017.
7 Dec 2017director officer appointment● NeutralMajor
Exploration Manager Jess Oram becomes CEO and executive director from 1 January 2018 on $233,235 a year, filling the long-vacant CEO role. Tony Sage's executive chairman role ends 31 December 2017 as Okewood can no longer provide it; he becomes non-executive chairman.
28 Sept 2017other● Neutral
Avira Energy transferred 16,949,176 Cauldron shares to Joseph Energy (Hong Kong), a nominee of Joseph Capital, ending its $500,000 convertible note. This is Avira's transaction and does not change Cauldron's share count. Cauldron's own role is not described.
22 Sept 2017other● Neutral
Administrative notice: 8,474,588 shares, the ones the receiver sold from the Guangzhou City holding, will be released from voluntary escrow on 4 October 2017.
6 Sept 2017other● Neutral
Appendix 4G for the year to 30 June 2017: the corporate governance statement is on the company website and approved by the board. Administrative filing lodged with the annual report; no new information.
6 Sept 2017annual report● Neutral
Annual report for the year to 30 June 2017. Directors are Tony Sage (executive chairman), Qiu Derong, Judy Li, Nicholas Sage and Chenchong Zhou. The auditor is BDO. The extracted text does not include the financial results.
17 Aug 2017regulatory community update▲ GoodMajor
The Court of Appeal unanimously dismissed Forrest & Forrest's appeal over Cauldron's applications E08/2385-87 and ordered Forrest to pay Cauldron's legal costs. This resolves the dispute that has been open since September 2016. The licences are still applications, not granted.
28 July 2017quarterly activities report▼ BadMajor
June quarter: cash fell to $3.3m. The WA Government announced on 20 June 2017 a ban on uranium mining on future Mining Leases, and Cauldron is seeking clarification before deciding whether to continue uranium exploration. A second passive seismic program began. The CSIRO leach study phase 1 is complete.
25 May 2017other▲ GoodMajor
CSIRO's first-stage study found Bennet Well uranium leaches well by in-situ recovery, with acid leach extracting more than alkali. Second-phase work to support the field leach trial has not started. The 30.9Mlb resource is unchanged. The chairman's 'low cost producer' view is his opinion.
2 May 2017director officer appointment● Neutral
Chenchong Zhou joined the board as a non-executive director from 2 May 2017, and Xinyi Zhang, who joined on 1 January 2017, resigned. Mr Zhou holds no shares or options. The notice gives no reason for the change.
5 Apr 2017other▲ Good
The receiver sold the Guangzhou City shares issued in December, recovering $169,492 before costs toward the outstanding judgment debt. Adds to the $488,000 net recovered in July 2016; the balance of the $1m plus interest remains unpaid.
5 Apr 2017other● Neutral
Administrative disclosure: 8,474,588 shares sold by the receiver are under voluntary escrow for six months from 4 April 2017.
20 Feb 2017director officer appointment● Neutral
Nicholas Sage joined the board as a non-executive director and Mark Gwynne resigned, both effective 20 February 2017. Nicholas Sage also sits on the board of Fe Limited.
15 Feb 2017half year report● Neutral
Half-year to 31 December 2016: loss of $1,238,735, versus $2,066,368 a year earlier. Covers the $2.5m placement and the Guangzhou judgment-debt share issue. Also notes 1.56m shares issued at $0.05 to a consultant.
5 Jan 2017security holder rights change● Neutral
44,000,000 unlisted options at $0.138 lapsed unexercised on 31 December 2016, including MGT Resources' 20m. Unlisted options now stand at 20m (the new $0.08 placement options).
22 Dec 2016director officer appointment● Neutral
Ms Xinyi Zhang will join as a non-executive director from 1 January 2017. This is likely the additional director promised with the Chinese placement (an inference; the text does not say so).
15 Dec 2016other● Neutral
Administrative notice: 33,898,318 shares, those the receiver sold from Guangzhou City's holding in July 2016, will be released from voluntary escrow on 5 January 2017.
9 Dec 2016other● Neutral
Cauldron issued 8,474,588 shares to Guangzhou City, satisfying the original 2014 placement agreement, with a holding lock and the receiver reappointed over them to realise the remaining judgment debt. Shares on issue now 329.3m. Recovery of the balance continues.
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.
Create a free account to see this worked out for your own holding.
