Past year: ▲ 219%(1.80c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
11 Feb 2021regulatory community update▲ GoodMajor
Victorian regulators conditionally approved low-impact surface drilling at Rogers Big Hill, Eldorado and Homeward Bound, subject to review of the community engagement plan. Cauldron is seeking a drilling contractor. Underground drilling near Barry's Reef is still awaiting approval. Resolves the work approval thread in part.
9 Feb 2021asset acquisition disposition▼ Bad
Shareholders approved the WA Sands share issues on 29 January 2021 and 4 million initial shares were issued on 1 February. Two tenements face legal problems: MLA09/150 is listed 'dead' after a court ruling under appeal, and ML08/487 is under an interim transfer injunction. Cauldron says neither is material.
28 Jan 2021quarterly activities report● Neutral
December 2020 quarter: Blackwood community consultation began, the Tyrconnel adit portal was repaired and Rogers Big Hill drill plans finalised, with drilling expected in the second quarter of 2021. The WA sands deal awaits shareholder approval. Yanrey stays suspended.
23 Dec 2020asset acquisition disposition● NeutralMajor
Cauldron agreed to buy 100% of river sand leases (about 286km2) at the Carnarvon, Onslow and Derby river mouths in WA for 20 million shares, plus $250k, $250k and $500k production payments and a royalty. Needs shareholder approval. A new commodity beyond gold and uranium.
12 Nov 2020regulatory community update▲ Good
Cauldron says it has finished an environmental vegetation study and base-level hydro-geochemistry sampling for Blackwood approvals. It targets Rogers Big Hill drilling in the first quarter of 2021 and underground drilling in the second quarter. Funded by the recent $1.6m placement.
11 Nov 2020admin correction▼ Bad
Cauldron retracted its 28 October 2020 investor presentation after consulting ASX, and reissued it with cross-references to earlier announcements. The Bennett Well production target and peer comparison information are removed. Investors are told not to rely on the original.
6 Nov 2020capital raising announcement▲ Good
Cauldron completed the $1.60 million placement of 51,612,903 shares at 3.1c. The lead manager received 3,096,774 shares and 17,548,387 options as fees. Shares on issue rise to 447,999,512, with 25,806,452 options issued to placement participants.
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.
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30 Oct 2020quarterly activities report● Neutral
September 2020 quarter: shareholders approved the Blackwood acquisition on 11 August 2020. Historic data reviews were released, and the work plan awaits Victorian regulator approval. Yanrey stays suspended. The $1.60m placement at 3.1c is noted.
28 Oct 2020investor presentation● Neutral
Investor presentation promoting the Blackwood goldfield, with about 220,000oz of historic production and untested depth. It shows a 3.9c share price, market capitalisation of $17.5m after the placement, and cash of $692,232 at 30 June 2020. Largely repeats known facts.
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.
Create a free account to see this worked out for your own holding.
28 Oct 2020listing compliance notice● Neutral
ASX lifted the trading suspension immediately after Cauldron released its capital raising announcement. Ends the suspension begun on 27 October.
27 Oct 2020listing compliance notice● Neutral
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.
30 Sept 2020other● Neutral
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.
30 Sept 2020annual report● Neutral
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.
23 Sept 2020drilling result▲ Good
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.
31 Aug 2020drilling result▲ Good
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.
25 Aug 2020other● Neutral
Administrative notice of a new telephone number, +61 8 6270 4693. Office address is unchanged. No project or financial information.
31 July 2020quarterly activities report● Neutral
June 2020 quarter: shareholders are to vote on 11 August 2020 on the Blackwood acquisition and share issue to the vendor, so the deal is not yet formalised. A 3D model was finished and a work plan lodged. Yanrey stays suspended; $600,000 tax credit allocation noted.
23 July 2020regulatory community update▲ Good
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).
30 Apr 2020quarterly activities report▲ Good
March 2020 quarter: the Blackwood joint venture agreement was signed and a joint venture company formed; tenement transfer is pending. A drilling program was designed and a low-impact exploration application lodged. $500,000 was raised, and half the European Lithium holding was sold for $285,072.
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.
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13 Mar 2020half year report● Neutral
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.
31 Jan 2020quarterly activities report● Neutral
December 2019 quarter: due diligence on the Victorian gold projects is complete but joint venture agreements are not yet signed. A first placement tranche raised $205,002 at 1.5c. Yanrey uranium work stays suspended. The Appendix 5B cash figure is not in the text.
17 Jan 2020other● Neutral
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.
8 Jan 2020admin correction▼ Bad
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.
12 Dec 2019joint venture update▲ Good
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.
29 Nov 2019investor presentation● Neutral
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.
29 Nov 2019listing compliance notice● Neutral
ASX lifts the trading suspension immediately after Cauldron's Blackwood announcement. Ends the voluntary suspension begun on 29 November.
29 Nov 2019listing compliance notice● Neutral
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.
