Each one in plain English, with the numbers worked through for a shareholder.
7 Dec 2015drilling progress report▲ Good
About 1.5 tonnes of Tumas Zone 1 calcrete excavated; 1 tonne goes to Marenica Energy in Perth for first-phase U-pgrade testwork, expected to take about three months from early 2016. Follows up the palaeochannel work; aim is a high-grade product for existing Namibian mines. Existing resource remains 18 Mlb.
6 Nov 2015admin correction● Neutral
Corrected AGM results table, with resolution numbering fixed and full vote figures for each resolution. Confirms the 39.6% vote against the remuneration report, the company's first strike. Correction of the previous day's release.
5 Nov 2015investor presentation● Neutral
AGM presentation: 1,918M shares, net cash about A$3.4m, market cap about A$21.1M at 1.1c. Repeats palaeochannel, Omahola and Tubas Sand themes and the aim of an intermediate product for fast-track development. No new results.
19 Oct 2015director officer appointment● NeutralMajor
Chairman Tim Netscher will step down as chairman and director because he is joining the board of Toro Energy and will have too little time. He stays as chairman in the short term for an orderly handover. He has been chairman since September 2013.
6 Oct 2015annual report● Neutral
Full 2015 annual report, following the 14 September release of the same document. Repeats Omahola potential of 2.5-3.5 Mlb a year with operating costs below US$50/lb, no Tubas Sand offtaker, and the palaeochannel upside. Independent Omahola results still unreleased. No new results.
6 Oct 2015security holder rights change● Neutral
ASX granted a listing rule waiver so directors can again take part of their fees in shares, issued monthly for 12 months from 1 September 2015 and subject to shareholder approval. Continues the reduced-cash fee practice in place since March 2014 to conserve cash for Namibia.
14 Sept 2015admin correction● Neutral
Appendix 4G governance checklist lodged with the annual report, signed by the Company Secretary on 14 September 2015 and pointing to the website governance page. Administrative form with no substance for shareholders.
14 Sept 2015annual report● Neutral
2015 annual report: strategy is advancing Namibian projects. Omahola could produce 2.5-3.5 Mlb a year over 10-14 years at operating costs below US$50/lb; the independent study is still unreleased. Tubas Sand has no offtaker. Palaeochannel potential restated. No new results.
14 Sept 2015annual report● Neutral
Corporate Governance Statement for FY to 30 June 2015, adopted by the board on 1 September 2015. It describes the board's policies under the ASX 3rd Edition principles, including 14 board meetings in the year. Governance boilerplate, no new operating or financial information.
28 Aug 2015joint venture update● Neutral
Syndicated Metals and Deep Yellow dissolve their 2011 Mount Isa joint venture. Syndicated takes 100% of EPM14281 and Deep Yellow gets a 1% net smelter royalty. Deep Yellow regains EPM14916 and EPM15070 unencumbered. Minor, non-core Queensland assets.
16 July 2015drilling result▲ GoodMajor
Tumas Zone 1 infill drilling (90 holes) confirmed continuous mineralisation over 160 m, matching earlier grades. Geophysics shows palaeochannels over 100 km long and to about 130 m deep, so potential is well beyond the existing 18 Mlb resource (22.2 Mt at 369 ppm). Potential, not a new resource.
16 July 2015investor presentation● Neutral
Australian Uranium Conference presentation: 1,910M shares, net cash about A$3.9m, market cap about A$19.1m at 1.0c. Promotes the palaeochannel results announced the same day. Recovery still expected 2016-2020, so projects advance cautiously.
12 June 2015other● Neutral
Computershare notice that its Perth office moves to 172 St Georges Terrace from 15 June 2015. Administrative, no substance for the company.
22 Apr 2015other● Neutral
Appendix 3B: 2,177,535 shares issued at nil price to directors and staff in lieu of fees and salaries on 21 April 2015. Quoted shares become 1,908,690,616. Routine.
11 Mar 2015half year report● Neutral
Half-year to 31 December 2014: loss of $496,192 versus $3.30m a year earlier, exploration spend $797,273. Tubas Sand infill drilling did not proceed for lack of an offtaker. Omahola smaller heap leach study nearly complete. Restates known items.
23 Feb 2015other● Neutral
Appendix 3B: 1,442,371 shares issued to directors and the MD in lieu of February fees and salaries, plus 500,000 from vesting performance rights, on 20 February 2015. Quoted shares become 1,905,001,219. Routine.
11 Feb 2015investor presentation● Neutral
Investment conference presentation: 1,901M shares, net cash about A$4.9m, market cap about A$26.6m at 1.4c. Repeats the Omahola heap leach PEA, Tubas Sand and palaeochannel themes. Paladin holds 16.8%. No new results.
12 Dec 2014drilling scheduled▲ Good
Drilling has restarted in Namibia: a palaeochannel program at Tumas Zone 1 (EPL 3497) to finish before Christmas, and reconnaissance drilling of alaskite targets on EPL 3496 to run to at least end-January 2015. First field drilling after a lengthy assessment period.
10 Dec 2014other● Neutral
Appendix 3B: 6,616,883 shares issued to directors and the MD in lieu of fees, as shareholders approved, plus 1,250,000 from vesting performance rights, on 4 December 2014. Quoted shares become 1,899,361,295. Routine.
7 Nov 2014investor presentation● Neutral
AGM presentation: 1,891M shares, net cash about A$5.4m, market cap about A$26.5m at 1.4c. Repeats the heap leach Omahola strategy, Tubas Sand and cautious approach until uranium prices recover. No new information.
31 Oct 2014other● Neutral
Tenement schedule at September 2014: 3,109 km2 of Namibian licences, with Omahola (EPL 3496) at 100% and Nova EPLs at 65%. Napperby licence expires 10 October 2014. Administrative annexure, no new information.
7 Oct 2014regulatory community update● Neutral
ASX granted a listing rule waiver so directors can keep taking reduced cash fees, with shares issued monthly in lieu for 12 months from 1 September 2014, subject to shareholder approval at the AGM. Continues the cash-preservation approach in place since March 2014.
7 Oct 2014annual report● Neutral
Second lodgement of the 2014 annual report, with the same content as the 26 September version (Omahola heap leach focus, Tubas Sand awaiting an offtaker, Shiyela delayed). Re-release, no new information.
26 Sept 2014annual report● Neutral
2014 annual report restates the year's story: Omahola 45.1 Mlb (JORC 2004) with heap leach preferred, Tubas Sand needs an offtaker, Shiyela sale delayed, Australian tenements dropped to Napperby. Strategy is to focus on Omahola. No new results.
17 Sept 2014other● Neutral
Appendix 3B for 2,796,100 shares issued at nil price on vesting of performance rights, issued 12 September 2014. Quoted shares become 1,891,196,227. Routine administrative issue.
8 Sept 2014investor presentation● Neutral
Managing Director's Africa Down Under presentation: 1,888M shares, net cash about A$5.5m, market cap about A$39.3m at 2.3c. Paladin holds 16.9%. Says uranium recovery is likely 2016-2020, so projects will progress cautiously. Repeats known facts.
29 Aug 2014other● Neutral
Paladin's Form 604 reports its percentage holding in Deep Yellow has fallen after the 27 August placement. Its share count is unchanged; the drop reflects the larger share base. Administrative notice, no new information.
28 Aug 2014other● Neutral
Section 708A notice for the placement of 179,434,237 shares at 1.7c, allotted on 27 August 2014. Allows the shares to be traded freely. Administrative, no new information.
25 Aug 2014capital raising announcement▲ GoodMajor
Firm commitments for a placement of about 179.4m shares at 1.7c, around $3m. It covers the 113.1m entitlement shortfall ($1.9m) plus 66.3m shares ($1.1m) under the 15% capacity. Cash would exceed $5m, which the chairman says removes the need to return to market in the foreseeable future.
What it means for a shareholder
179m new shares at $0.017 to raise about $3.0m. 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.
20 Aug 2014remuneration report● Neutral
Board approves 22,050,000 performance rights for executives and employees, including 10,000,000 for MD Greg Cochran subject to shareholder approval. Vesting is over three years on time and share price hurdles of 3c, 5c and 7c.
