Past year: ▲ 0%(3.60c – 3.60c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
19 Sept 2022listing compliance notice▼ BadMajor
ASX removed EER from the official list from 19 September 2022, after its shares had been suspended for a continuous two years. The recapitalisation EER was pursuing is not mentioned, and the text does not say what happens to holders' shares.
1 Sept 2022listing compliance notice● Neutral
EER extended its voluntary suspension again, to 16 September 2022 or an earlier announcement, while it works on a possible recapitalisation and funding. Suspension has run since 17 September 2020.
22 Aug 2022listing compliance notice▼ BadMajor
ASX listed EER among entities that failed to pay annual listing fees for the year to 30 June 2023; its shares were already suspended. Unpaid fees by 26 August 2022 would lead to removal from the official list.
5 Aug 2022director officer appointment● Neutral
Rodger Johnston joined the board as non-executive director from 5 August 2022. He has over 30 years on listed micro-cap boards and runs a Singapore capital markets consultancy. This follows the December 2021 resignations that cut the board to three.
1 June 2022listing compliance notice● Neutral
EER extended its voluntary suspension to 31 August 2022 or an earlier announcement, while it works through a possible recapitalisation and funding. Suspension has run since 17 September 2020.
16 May 2022debt financing● NeutralMajor
EER secured a second A$100,000 unsecured, interest-free, on-demand loan, from Cataalna Pty Ltd, controlled by director Ranko Matic (related party). It funds working capital and compliance while recapitalisation is pursued, after cash fell to $3,000.
16 Mar 2022half year report▼ Bad
Half-year to 31 December 2021 shows a net loss of $164,699, against a $6,249,880 profit a year earlier. Activity was limited to exploration review and the GOMAC study; the board is now Newbury, Duncan and Matic.
3 Mar 2022listing compliance notice● Neutral
EER extended its voluntary suspension again, now to 31 May 2022 or an earlier announcement, citing ongoing work on a possible recapitalisation and obtaining funds. Suspension has run since 17 September 2020.
20 Dec 2021director officer appointment▼ BadMajor
Executive director Grant Ferguson and non-executive directors Stephen Ross and Alastair Smith resigned effective immediately. The text gives no reason. Only a few months after the May board build-out, this shrinks the board.
20 Dec 2021admin correction● Neutral
Share registry Automic is moving its Perth office to Level 5, 191 St Georges Terrace from 20 December 2021. Administrative notice with no effect on holdings.
2 Dec 2021debt financing● NeutralMajor
EER secured an A$200,000 unsecured, interest-free loan repayable on demand from Cavalier Corporate, owned by director Ranko Matic (a related party). Funds are for working capital and compliance costs, replacing the Noble loans cleared in May.
2 Dec 2021listing compliance notice● Neutral
EER again extended its voluntary suspension, now to 28 February 2022 or an earlier announcement, while it works on a possible recapitalisation and funding. The suspension has now run since 17 September 2020.
6 Oct 2021material agreement▲ GoodMajor
EER engaged GOMAC Projects to run a concept study on turning the Blackall coal into gas, hydrogen, fertiliser, power, liquids or chemicals, all with carbon capture. This is a new direction for the 3.44Bt resource. EER will talk to ASX about reinstatement conditions.
31 Aug 2021listing compliance notice● Neutral
EER again extended its voluntary suspension, now to 30 November 2021 or an earlier announcement, while it works through a possible recapitalisation and seeks funds for future activities.
20 Aug 2021other● Neutral
EER changed its share registry from Advanced Share Registry to Automic from 23 August 2021. Administrative notice with no effect on holdings.
5 Aug 2021annual report▲ GoodMajor
Year to 30 June 2021 shows a profit of $8,174,098 versus a $7,141,983 loss. The Noble debt of $1.855m plus accrued interest was forgiven on 28 May under the Axis share sale deal (the text does not link it to the profit; inference). Still suspended.
5 Aug 2021other● Neutral
Appendix 4G corporate governance checklist for FY2021, pointing to annual report pages 16-22. Administrative compliance form with no new information for shareholders.
29 July 2021quarterly activities report● NeutralMajor
June 2021 quarter: shareholders approved the Axis Minerals purchase of Noble's stake on 21 May and it settled 28 May, resolving that thread. No field work; cash fell to $160,000, about 0.79 quarters of funding. Recapitalisation work continues and the suspension runs to August.
12 July 2021director officer appointment● Neutral
Alastair Smith appointed non-executive director from 12 July 2021. He is Executive Director of Focus Capital Partners and co-founded Hyperion Metals. This adds a sixth board member after the May reshuffle.
31 May 2021listing compliance notice● Neutral
EER asked to extend its voluntary suspension to 31 August 2021 or an earlier announcement, citing work on a possible recapitalisation and on obtaining funds for future activities. Suspension has now run since 17 September 2020.
28 May 2021director officer appointment● NeutralMajor
After the Axis takeover of the controlling stake, James Newbury became Executive Chairman and MD on $360,000 a year. Bryan Duncan and Grant Ferguson became executive directors ($240,000 each) and Stephen Ross a non-executive director. Littlewood and Thoroughgood resigned; pay is subject to capital being raised.
12 Apr 2021listing compliance notice● Neutral
EER asked to extend its suspension until the Noble-to-Axis Minerals sale of Maylion completes, now expected by 31 May 2021. Shareholder meeting materials slipped from end-February to mid-April 2021. The sale needs EER shareholder approval.
8 Mar 2021half year report▲ Good
Half-year to 31 December 2020 shows a net profit of $6,249,880, against a $407,196 loss a year earlier. The text shown does not explain the swing. It restates the pending Noble-to-Axis sale of Maylion and the suspension.
28 Jan 2021quarterly activities report● NeutralMajor
December 2020 quarter: on 30 December, Noble Netherlands agreed to sell Maylion (2,990,419,558 EER shares) to Axis Minerals, an unrelated company, subject to shareholder approval. EPC 1403 surrender completed. Suspension extended to 31 March 2021.
30 Nov 2020listing compliance notice● Neutral
EER extended its voluntary suspension again, now to 31 December 2020 or an earlier announcement, while talks continue with its major shareholder on a possible recapitalisation.
19 Oct 2020listing compliance notice● Neutral
EER extended its voluntary suspension, now expected to last until 30 November 2020 or an earlier announcement. Talks continue with its major shareholder on a possible recapitalisation and its controlling stake. No outcome yet.
30 Sept 2020annual report▼ Bad
Year to 30 June 2020 loss of $7,141,983, up from $1,905,589. The text shown does not state the cause. EER keeps 100% of Blackall (3.44Bt resource), no field work, and the A$500,000 Noble loan is confirmed.
30 Sept 2020other● Neutral
Appendix 4G corporate governance checklist for FY2020, pointing to annual report pages 14-19. Administrative compliance form with no new information for shareholders.
17 Sept 2020listing compliance notice● NeutralMajor
At EER's request, trading was suspended while it discusses a possible recapitalisation and its controlling shareholder's (Noble/Maylion) holding. Suspension expected to last until 19 October 2020 or an earlier announcement. The company says its future direction is uncertain.
17 Sept 2020price query● NeutralMajor
After the price rose from $0.004 to an intraday high of $0.036, EER told ASX it is aware of unannounced information about a possible recapitalisation transaction. It cannot disclose yet because talks are confidential and incomplete.
