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.
28 July 2022quarterly activities report● Neutral
June 2022 quarter: about $38,000 spent on tenement payments, desktop reviews and compliance, with no related-party payments. The $100,000 Cataalna loan was noted and suspension extended to 31 August 2022. Funding still blocks any GOMAC follow-up. Resource unchanged at 3.44Bt.
28 July 2022quarterly activities report▼ Bad
Appendix 5B for June 2022: operating outflow $35,000 plus $38,000 on exploration, offset by $100,000 borrowed from Cataalna. Cash rose from $3,000 to $30,000, about 0.41 quarters of funding. Both $200,000 and $100,000 related-party loans are fully drawn.
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.
29 Apr 2022quarterly activities report▼ Bad
Appendix 5B for March 2022: operating outflow $44,000 and cash down from $47,000 to $3,000, about 0.07 quarters of funding. No financing inflow in the quarter. Related-party payments were $26,000.
29 Apr 2022quarterly activities report▼ Bad
March 2022 quarter: only desktop reviews. EER says lack of funding has stopped the GOMAC gasification and hydrogen strategies going beyond basic desktop work. Cash fell to $3,000 per the Appendix 5B. Suspension runs to 31 May 2022.
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.
25 Jan 2022quarterly activities report▼ Bad
Appendix 5B for December 2021: operating outflow $222,000, offset by $200,000 of borrowings, leaving cash at $47,000. That is about 0.21 quarters of funding. Related-party payments were $26,000.
25 Jan 2022quarterly activities report● Neutral
December 2021 quarter: no field work, about $169,000 spent on exploration and compliance. The GOMAC concept study continues, the $200,000 Cavalier loan was drawn, and suspension runs to 28 February 2022. Board now three: Newbury, Duncan, Matic. Resource unchanged at 3.44Bt.
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.
29 Oct 2021agm notice● Neutral
Cover letter for the AGM on 30 November 2021 in Perth at 11.00am WST. The notice will be online only, with no printed copies, and voting will be by poll. Proxies are due 48 hours before. No new substance.
28 Oct 2021quarterly activities report▼ Bad
Appendix 5B for September 2021: operating outflow $91,000 and cash down from $160,000 to $69,000, about 0.75 quarters of funding. No financing facilities; related-party payments $25,000. Funding remains tight while recapitalisation work continues.
28 Oct 2021quarterly activities report● Neutral
September 2021 quarter: no field work and about $4,000 spent on exploration and compliance. EER is talking to ASX about reinstatement conditions after the suspension, and has engaged GOMAC for a concept study after quarter end. No new resource figures.
12 Oct 2021agm notice● Neutral
EER will hold its AGM on 30 November 2021, with director nominations closing 19 October 2021. Administrative notice only.
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.
29 July 2021quarterly activities report▼ Bad
Appendix 5B for June 2021: operating outflow $202,000 and cash down to $160,000, about 0.79 quarters of funding. No loan facilities are shown, since the Noble loans were cleared (per the annual report). Related-party payments were $45,000.
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.
