Each one in plain English, with the numbers worked through for a shareholder.
5 Mar 2014price query● Neutral
ASX queried a rise from 3.0c to an intraday 4.4c. The company knew of no undisclosed information, and said the Shiyela partner process is ongoing but unlikely to be the cause. It pointed to Japanese nuclear energy policy comments and a broad uranium sector rise.
21 Feb 2014admin correction● Neutral
Corrects the Competent Person's Statement in the December quarterly report, which wrongly referred to 2012. No change to results or figures.
3 Feb 2014quarterly activities report● Neutral
December quarter: cash about A$2.7m after the A$965,900 share plan. Omahola looks likely to be an acid heap leach, with results due by end of March quarter. Tubas Sand resource update imminent; Shiyela partner announcement expected well before end of next quarter.
3 Feb 2014quarterly activities report● Neutral
Appendix 5B for the December quarter: cash A$2.673m at quarter end, with A$966k raised from the share plan. Planned outflows next quarter are A$950k. No debt.
1 Nov 2013regulatory community update▲ Good
The three Nova JV licences (EPLs 3668, 3669, 3670) were renewed for two years, with area cut 24% to 989 hectares. DYL manages them for partners Toro and Sixzone. It intends to search for high grade alaskites there using the new target study.
1 Nov 2013quarterly activities report▼ Bad
September quarter: cash A$2.7m, down from A$3.99m. Omahola pit optimisation is running late, with Omahola likely a heap leach operation. INCA infill drilling did not convert material to Inferred. Tubas Sand resource update deferred pending further work, which may include more drilling. Shiyela partner search continues.
24 Oct 2013capital raising announcement● NeutralMajor
The Share Purchase Plan closed with applications for 48.3m shares, raising A$965,900, below the A$1.5m target (75m shares) at 2 cents. Shares on issue rise to 1,611,995,847. The directors say they are very pleased with support.
What it means for a shareholder
75.0m new shares at $0.020 to raise about $1.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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8 Oct 2013other● Neutral
Link to an audio broadcast of the Managing Director's Africa Down Under conference presentation. No new company information in the announcement itself.
25 Sept 2013capital raising announcement● NeutralMajor
Share Purchase Plan offered to existing shareholders at 2 cents per share, a 15% discount, up to A$15,000 each. Directors aim to raise up to A$1.5m (75m shares) for Namibian work including Omahola testing and target follow-up. Closes 18 October.
What it means for a shareholder
75.0m new shares at about A$0.020 to raise about A$1.5m. 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.
25 Sept 2013capital raising announcement● Neutral
Offer booklet for the 2-cent Share Purchase Plan, with terms, conditions and foreign-shareholder notices. Closes 5pm Perth time on 18 October 2013, with shares allotted 23 October. Supporting document to the plan announced the same day.
24 Sept 2013annual report● Neutral
2013 Annual Report restates known results: Omahola 45.1 Mlb, Tubas Sand 28.4 Mlb, column leach over 80%. States a strategy of becoming a uranium producer in 2016, and that Australian assets are slated for divestment. Tim Netscher is listed as a director.
29 Aug 2013other● Neutral
Link to a Boardroom Radio interview with the Managing Director at the Africa Down Under conference about the prospectivity analysis results. No new information in the announcement itself.
28 Aug 2013investor presentation● Neutral
Africa Down Under conference presentation on exploration potential, restating the Omahola focus (45 Mlb) and the plan to divest Australia. Shows 1,562.8m shares, 4.0c price, about A$3.3m net cash. Mostly known facts.
28 Aug 2013drilling result▲ GoodMajor
Prospectivity study of Namibian licences identified 15 alaskite-type uranium targets, 6 high priority, against a goal of at least 10. It completes the exercise running since earlier this year; ground radiometric surveys have begun. No drilling yet, so these are targets only.
23 Aug 2013security holder rights change● Neutral
The unmarketable parcel facility, put in place earlier this year to help small holders sell, has been terminated. The company cites the state of capital markets and likely ultimate returns to shareholders.
5 Aug 2013other● Neutral
Link to a Boardroom Radio interview with the Managing Director on the June quarterly report and the Namibian licence renewals. No new company information in the announcement itself.
1 Aug 2013quarterly activities report● Neutral
Re-issue of the June quarter report with formatting corrected; content matches the earlier 1 Aug release. Cash A$4m, column leach ~80% recovery supporting heap leach potential at Omahola, Aussinanis beneficiation unsuccessful, Shiyela capex cut to US$325m, partner search continuing.
1 Aug 2013quarterly activities report▼ Bad
June quarter report: cash A$4m. Aussinanis testwork found physical beneficiation, and a flotation test, did not upgrade the ore, a setback for the Epangelo agreement. Shiyela capex could fall to US$325m. Tubas Sand resource update expected in September quarter.
1 Aug 2013quarterly activities report● Neutral
June quarter cash flow report shows cash of A$3.991m at 30 June, down from A$5.449m, after a A$1.506m operating outflow. Planned spend next quarter is A$1.18m. EL25601 (295 blocks) was relinquished. No debt facilities.
30 July 2013regulatory community update▲ GoodMajor
Namibia renewed three exploration licences (EPLs 3496, 3497, 3499) for two years, the third renewal. Omahola and Tubas Sand sit on EPL3496. The licence area was voluntarily cut 29% to 189,752 hectares.
19 July 2013investor presentation● Neutral
Conference presentation by the MD restates the Omahola focus (45.1 Mlb, target 50 Mlb then PFS) and the plan to joint venture non-core projects and divest Australia. Shows 1,562.8m shares, 4.3c price and about A$3.9m net cash. Repeats known facts.
4 July 2013other● Neutral
Executive pay and board fees cut a further 5% for at least six months, on top of last year's 10%. No MD bonus for FY2013. The Perth office is cut to three people and will move to smaller premises. Stated reason: weak uranium sector.
1 July 2013director officer appointment● NeutralMajor
Tim Netscher, a director since earlier in 2013 and Gindalbie Metals managing director, will become Chairman on 1 September 2013, succeeding Mervyn Greene, who stays as a non-executive director. The board had wanted a Perth-based chairman.
28 May 2013security holder rights change● Neutral
Voluntary escrow on 50m shares issued to Raptor Partners ends 12 June 2013. These were part of 129.3m shares (A$14.9m, 11.52c deemed price) for ending the earn-out. 79.3m shares remain escrowed until 2014 and 2015. Possible extra shares available to trade.
27 May 2013director officer appointment● Neutral
Executive director Martin Kavanagh's service agreement was terminated and he left the board immediately. The company says this reflects its much reduced focus on Australian assets, which it is divesting.
23 May 2013investor presentation● Neutral
Darwin conference presentation by Martin Kavanagh focuses on divesting the Australian projects, including Napperby (7.4 Mlb Inferred). Shows 1,560.7m shares, about A$70m market cap at 5.0c and about A$5.5m net cash. Total resources 119 Mlb; mostly known facts.
16 May 2013other● Neutral
Link to a Boardroom Radio interview with the Managing Director about the uranium market. No new company information in the announcement itself.
2 May 2013regulatory community update▲ Good
An environmental scoping report for the Ongolo area of Omahola has been lodged in Namibia, starting the environmental approval needed before a mining licence. The company says this can take up to two years; the INCA area was approved in February 2012.
2 May 2013regulatory community update● Neutral
An environmental scoping report for the Tumas Palaeochannel Project has been lodged in Namibia, running alongside the Ongolo assessment. The company says it is not currently progressing technical studies on Tumas, and approval can take up to two years.
29 Apr 2013quarterly activities report● Neutral
March quarter report ends with A$5.5m cash and recaps the Ongolo upgrade (25.1 Mlb), Epangelo Aussinanis agreement and Shiyela licence. Tubas Sand drilling finished mid-February (560 holes, 6,866 m). Nothing materially new.
