Each one in plain English, with the numbers worked through for a shareholder.
13 Oct 2017capital raising announcement● Neutral
First tranche of October placement completed: 28.75M shares at $0.05 raised $1,437,500, plus 2.83M shares issued to settle $141,500 owed. Funds are still arriving for the remainder. Total dilution from this tranche is 6.90%.
12 Oct 2017other● Neutral
Cleansing prospectus for an offer of 20,000 shares at $0.05 to raise $1,000, lodged only to remove resale restrictions on shares issued in the placement. Administrative; no meaningful funds raised.
10 Oct 2017capital raising announcement▲ GoodMajor
Placement of up to $2 million at $0.05 per share, mainly to European sophisticated investors, to fund finishing the Wolfsberg pre-feasibility study. Not underwritten. Priced above the June 2017 placement at $0.045.
5 Oct 2017other▲ GoodMajor
European Lithium admitted to the Vienna Stock Exchange (ticker ELI), the first Australian company to be admitted; trading expected from 9 October 2017. The company says it opens the stock to Austrian institutions and private investors previously excluded.
27 Sept 2017asset acquisition disposition● Neutral
Paynes Find sale end date pushed again, from 30 September to 16 October 2017. Cash received now $170,000 of $500,000, plus 25M CVS shares on completion. Second extension of the sale.
27 Sept 2017asset acquisition disposition● Neutral
Cervantes' notice of the extension to 16 October with a further $100,000 paid, taking cash to $170,000. It is still negotiating a capital raising to complete the purchase. Mostly duplicates the company's announcement.
19 Sept 2017investor presentation● Neutral
Presentation for the Chairman's roughly two-week visit to institutions and battery lithium end users in Vienna, Zurich, Munich, Frankfurt and Berlin. Based on prior announcements; no new figures identified.
5 Sept 2017annual report● Neutral
Annual report to 30 June 2017 shows a net loss of $8,008,363, against a $19.1M profit in 2016 that came from intercompany loan forgiveness. Recaps the resource increase and the suspension and reinstatement events.
5 Sept 2017other● Neutral
Appendix 4G corporate governance checklist lodged with the annual report. Administrative filing with no new information.
25 Aug 2017security holder rights change● Neutral
172,406,363 shares held under voluntary escrow will be released on 9 September 2017. Administrative notice; the text does not say what holders will do.
15 Aug 2017asset acquisition disposition● Neutral
Paynes Find sale end date extended to 30 September 2017 in return for $100,000 from Cervantes by 30 August. Company says all conditions precedent are satisfied. Sale price unchanged: $500k cash ($70k received) plus 25M CVS shares.
15 Aug 2017asset acquisition disposition● Neutral
Cervantes' own notice of the Paynes Find extension to 30 September for $100,000. Adds that it is in talks with parties on a capital raising. Largely duplicates the company's announcement.
14 Aug 2017material agreement▼ Bad
Shandong RuiFu off-take deadline extended by 60 days from 15 August 2017 to agree a formal deal. Chairman says this lets the company explore other options that have arisen. Delays the formal agreement due mid August.
31 July 2017quarterly activities report● Neutral
June quarter report restates known items: Zone 1 veins to RL1250m, Zone 2 intersections, $1.1M placement, resource increase, Glock Gut ruling, and reinstatement. Shandong formal off-take still under discussion. Paynes Find cash received stated as $50,000.
27 July 2017other▲ GoodMajor
Dorfner testwork made battery grade lithium carbonate (>99.9%, 86.8% recovery) and hydroxide (>56.5%, 82.6% recovery) from Wolfsberg concentrate. Completes the battery grade step flagged as in progress in June; recoveries are for continuous operation (estimated).
26 July 2017listing compliance notice● Neutral
ASX confirms European Lithium shares return to quotation from 27 July 2017, following the company's announcement on the cleansing notices. Administrative notice duplicating the court-order news.
26 July 2017listing compliance notice▲ GoodMajor
Federal Court granted all orders sought, declaring on-sales of 13.33M, 6.86M and 3.44M shares issued in June 2017 not invalid and relieving sellers of liability. Trading resumes 27 July. Resolves the cleansing-notice problem behind the 7 July suspension.
19 July 2017investor presentation● Neutral
Presentation for a European road show this week. States it draws on previous announcements; no new results or figures are identified in the text provided.
11 July 2017capital raising announcement● Neutral
Cleansing prospectus offer closed with no shares issued (final number nil, versus up to 20,000 proposed). Administrative close-out of the fix for the defective cleansing notices.
11 July 2017capital raising announcement● Neutral
Formal notice that up to 20,000 shares at $0.05 may be issued under the 10 July cleansing prospectus. Administrative step to fix the defective cleansing notices, not a real fundraising.
What it means for a shareholder
20,000 new shares at $0.050 to raise about $1,000. 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.
11 July 2017capital raising announcement● Neutral
Cleansing prospectus offers up to 20,000 shares at $0.05 to raise only $1,000. Its purpose is to remove trading restrictions on shares issued earlier, fixing the defective cleansing notices. Not a real fundraising.
What it means for a shareholder
20,000 new shares at $0.050 to raise about $1,000. 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.
7 July 2017resource reserve update● Neutral
At ASX's request, the company adds a summary of how the 3 July resource was estimated. The extra 4.68Mt is inferred only, extrapolated down dip from four deep holes. No change to the resource figures.
7 July 2017listing compliance notice▼ BadMajor
ASX suspended trading in European Lithium shares immediately at the company's request, pending an announcement on whether the recent cleansing notices are valid. Administrative notice of the suspension.
7 July 2017listing compliance notice▼ Bad
Company's request for voluntary suspension from 7 July so it can lodge a cleansing prospectus, expected by 10 July 2017. It follows the defective cleansing notices and asks for no other change.
7 July 2017asset acquisition disposition● Neutral
Cervantes' own notice of the same Paynes Find amendment: more time to obtain approvals and a further $20,000 paid to European Lithium. Duplicates the company's announcement and adds nothing new.
7 July 2017asset acquisition disposition● Neutral
Paynes Find sale terms amended to give Cervantes more time for approvals, with a further $20,000 received, taking cash received to $70,000 of $500,000. The share portion of 25M CVS shares still falls due on completion, which is not yet reached.
6 July 2017listing compliance notice▼ Bad
Responding to an ASX query, the company admits its cleansing notices for recent share issues were invalid because it had been suspended more than 5 days in 12 months. It will lodge a prospectus and seek a court order. Blames an honest mistake.
6 July 2017listing compliance notice▼ Bad
Duplicate of the 6 July response, now attached to ASX's 5 July query letter. The company concedes the cleansing notices were defective, plans a prospectus and a court validation application. No new information.
3 July 2017resource reserve update▲ GoodMajor
Wolfsberg resource rises to 10.98Mt at 1.0% Li2O, adding 4.68Mt inferred at 0.78% in Zone 1 after deep drilling. Contained lithium up 50%. Existing 6.3Mt measured and indicated at 1.17% is unchanged.
30 June 2017regulatory community update▲ GoodMajor
Arbitration tribunal ruled on 26 June 2017 that the Glock Gut land access agreement is valid and its termination unlawful, giving full site access immediately. About $300,000 of costs and bonds are to be recovered. Resolves the open arbitration thread.
