Each one in plain English, with the numbers worked through for a shareholder.
8 July 2019director officer appointment● Neutral
Namibian management reshuffle from 1 September 2019: Katrin Kärner becomes Exploration Manager and Martin Hirsch moves to a new Manager Resources and Pre-Development role to advance Reptile toward mining. FY20 budgets approved.
3 July 2019capital raising announcement▲ GoodMajor
SPP closed raising A$1.68M from 5,411,985 shares, and a shortfall placement adds A$612k from 1,973,571 shares. Total raised including the placement is A$11.29M before costs, completing the June raising.
25 June 2019capital raising announcement● Neutral
Reminder that the share purchase plan closes 28 June, with shares to be issued 5 July. No new information.
11 June 2019capital raising announcement▲ Good
The A$9M placement settled, with 29,032,258 shares issued at A$0.31. Lead manager Aitken Murray charged a 5% fee. Completes the placement announced 4 June; the SPP continues.
What it means for a shareholder
29.0m new shares at A$0.310 to raise about A$9.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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7 June 2019capital raising announcement● Neutral
Share purchase plan opened 7 June, with offer document sent to eligible shareholders. Up to A$15,000 each at A$0.31, as announced 4 June. Administrative release; no new terms of substance.
6 June 2019admin correction● Neutral
Standard ASIC class order notice that the share purchase plan will be offered without a disclosure document, confirming no excluded information. Administrative only, no new information.
4 June 2019capital raising announcement▲ GoodMajor
Placement of 29,032,258 shares at A$0.31 raises about A$9M, a 7.4% discount, plus a share purchase plan for up to A$2.5M at the same price. Funds back more Namibian resource growth and acquisitions; the company says it is in talks with multiple parties.
What it means for a shareholder
29.0m new shares at A$0.310 to raise about A$9.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
4 June 2019investor presentation● Neutral
Corporate presentation repeating the growth strategy, the doubled resource base and the A$9M placement with A$2.5M SPP underway. Net cash was A$7.2M before the raising, with 201.3M shares on issue before new shares. No new facts.
3 May 2019other● Neutral
Appointed New York-based Columbus Circle Corporate Relations to handle North American investor relations, following the OTCQX listing. No financial terms given.
29 Apr 2019quarterly activities report● Neutral
March quarter report recaps the 27 March resource upgrade to 67.4Mlb at 352ppm, Tributary 5 (3km) and Tumas Central (1.5km) results, and JOGMEC's A$1.05M Nova JV budget. About 60km of palaeochannel remains untested. No new results.
29 Apr 2019quarterly activities report● Neutral
Appendix 5B for March quarter: operating outflow A$1.56M, with A$412k JOGMEC contribution. Cash fell to A$7.15M from A$8.34M, no debt. Next-quarter outflows estimated at A$1.12M, including A$157k JOGMEC-funded.
26 Apr 2019joint venture update● Neutral
JOGMEC approved a A$1.05M Nova JV budget for the year to March 2020. An 18-hole, 1,404m follow-up program found no economic uranium; Iguana confirmed as narrow and low grade. Further drilling is planned for 2019.
23 Apr 2019drilling result▲ Good
Final 2018/19 drilling found 3km of continuous mineralisation in Tumas 1 East Tributary 5 (211 holes) and 1.5-1.6km at Tumas Central (47 holes, 45% positive). Tributaries 4 and 6 were thin and low grade. About 60km of channel remains untested.
5 Apr 2019admin correction▼ Bad
Late Appendix 3Y filings for Borshoff (1,878,021 loan shares) and Swaby, from the November 2018 Loan Share Plan issue, were missed through an administrative oversight. Company says it is aware of its listing rule obligations. No new securities issued.
27 Mar 2019resource reserve update▲ GoodMajor
Tumas 1, 2 and 3 resources rose 51% to 67.4Mlb at 352ppm, from 31.2Mlb Tumas 3 plus Tumas 1 and 2. Tumas palaeochannel total is 86.2Mlb; all calcrete resources are 104.2Mlb, reaching the low end of the 100-150Mlb target.
8 Mar 2019half year report● Neutral
Half-year report to 31 December 2018, released as a cover letter plus full statements (financials truncated). Directors' report recaps 9,178m and 577 holes drilled at Reptile and the 100-150Mlb calcrete target. No new commercial information in the text provided.
5 Mar 2019drilling scheduled● Neutral
Final 3,000m leg of the 12,000m FY19 drilling program began 4 March at Tumas 1 East tributaries and Tumas Central, due to finish mid-April. The new resource estimate is now expected late March 2019.
24 Jan 2019quarterly activities report● Neutral
Appendix 5B for December quarter: operating outflow A$1.66M, offset by A$431k JOGMEC contribution. Cash A$8.34M at 31 December (A$9.59M before), no debt. Next-quarter outflows estimated at A$1.32M, including A$361k funded by JOGMEC.
15 Jan 2019quarterly activities report● Neutral
December quarter report recaps results already announced: 6.2km infill-drilled at Tumas 1 East, 2.2km at Tumas 3 West, 15-16km of channel identified, and Nova JV drilling complete. Cash fell to A$8.34M. Resource update still expected Q1 2019.
20 Dec 2018drilling result▲ Good
Tumas 3 West infill drilling finished: 81 holes, 2.2km of continuous mineralised channel, 29 holes above 100ppm, best 10m at 627ppm. Eight holes at Tumas Central, 6km northwest, also hit uranium; drilling resumes February. New resource estimate still expected Q1 2019.
19 Dec 2018drilling result● Neutral
Nova JV 2018 scouting finished: 122 RC holes, 4,874m. Narrow uranium found at Iguana (best 14m at 184ppm) and in the new Day Gecko channel; Bungarra, Monitor, Berger's and three basement targets showed little or none. JOGMEC is still earning 39.5%.
28 Nov 2018drilling result▲ GoodMajor
Resource infill drilling at Tumas 1 East confirmed 6.2km of continuous mineralisation across two tributaries; 192 of 265 holes (72%) positive, averaging 434ppm over 6.6m at a 200ppm cut-off. Two rigs now at Tumas 3 West; a new resource estimate is expected in Q1 2019.
20 Nov 2018security holder rights change● Neutral
Issue of 6,283,941 shares under the Loan Share Plan (approved at the AGM) and 265,476 performance rights vesting 30 November 2019. Shares carry a deemed value of A$0.467 with nil consideration. Shares on issue rise to 201,085,968.
19 Nov 2018agm notice● Neutral
Results of the 2018 AGM: all five resolutions passed on a show of hands, including re-election of Greene and Urtel and approval of share and loan issues to Borshoff and Swaby. The remuneration report drew 530,186 votes against with 10.1M for.
5 Nov 2018drilling result▲ Good
First-pass delineation at Tumas 1 East finished: 103 of 180 holes (almost 60%) positive, with 15-16km of mineralised channel across Tributaries 1, 2, 4 and 5 identified for resource drilling. A second rig starts Tumas 3 West on 5 November.
24 Oct 2018quarterly activities report● Neutral
Appendix 5B for the September quarter: operating outflow A$1.33M, JOGMEC contributed A$235k, cash A$9.59M at 30 September (A$10.69M before), no debt. Estimated outflows next quarter A$1.6M, including A$471k to be funded by JOGMEC.
23 Oct 2018quarterly activities report● Neutral
September quarter report recaps the Tumas 1 East discovery and notes a second drill rig is being sourced. The 5,000m Nova JV drilling program began in early October, targeting 7 targets, due to finish mid-December. Cash fell to A$9.59M from A$10.69M with no debt.
17 Oct 2018drilling result▲ Good
Tumas 1 East discovery extended a further 1.1km, so the Tail 1 channel is now continuously mineralised over 4.6km; 86 of 121 holes (71%) positive, best 17m at 329ppm. A new northern channel (Tail 4) found, while southern Tails 2 and 3 were not significantly mineralised.
9 Oct 2018other▲ Good
Shares upgraded from the OTCQB to the top-tier OTCQX market in the US, following the June OTCQB listing. The company says this lets more US brokers trade the stock; US 30-day average volume has more than doubled since OTCQB. No capital raised.
3 Oct 2018drilling result▲ GoodMajor
New uranium discovery at Tumas 1 East: 64 of 95 holes (67%) hit above 100ppm, best 5m at 1099ppm, with a 3.5km channel open to the east. S-Bend semi-regional drilling (148 holes) found no significant mineralisation. Adds resource upside beyond the 31.2Mlb Tumas 3 estimate.
