25 Oct 2017capital raising announcement● Neutral
Raised $250,000 in a private placement at $0.24/unit, mainly from H&H Metals Corp, plus a further $60,000 conversion of John Swallow's personal loan into the same units.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
25 Oct 2017director interest notice● Neutral
Idaho Strategic Resources, Inc. President & CEO John Swallow bought 750,000 shares on the open market.
14 Aug 2017quarterly activities report● Neutral
Idaho Strategic Resources, Inc. reported quarterly revenue of $1.3 million and net income of $184 thousand for the period ended 2017-06-30.
12 June 2017director interest notice● Neutral
Idaho Strategic Resources, Inc. President and CEO John Swallow bought 1,500,000 shares on the open market.
12 June 2017substantial holder notice● Neutral
John A. Swallow reported a Idaho Strategic Resources, Inc. shareholding of 18,677,003 shares (14.07% of votes) in a periodic institutional filing.
18 May 2017director interest notice● Neutral
Idaho Strategic Resources, Inc. President John Swallow bought 400,000 shares on the open market.
15 May 2017quarterly activities report▼ Bad
Idaho Strategic Resources, Inc. reported quarterly revenue of $689 thousand and a net loss of $274 thousand for the period ended 2017-03-31.
30 Mar 2017capital raising announcement● Neutral
Raised $850,000 in a private placement at $0.20/unit; President John Swallow also converted $100,000 of his personal loan to the company into the same units, on the same terms as outside investors.
10 Mar 2017director interest notice● Neutral
Idaho Strategic Resources, Inc. Corporate Secretary Monique D Hayes bought 33,500 shares on the open market at $0.10.
8 Mar 2017director interest notice● Neutral
Idaho Strategic Resources, Inc. Corporate Secretary Monique D Hayes bought 64,500 shares on the open market at $0.10.
6 Mar 2017capital raising announcement● Neutral
Closed a $427,500 private placement (2.1 million units at $0.20) through placement agent Paulson Investment Company.
What it means for a shareholder
2.1m new shares at US$0.200 to raise about US$427,500. That's 2.1% dilution: every existing holder's slice gets 2.1% smaller. If you held US$1,000 of shares (5,000 at the issue price), your slice goes from 0.00514% to 0.00504% of the company. To keep it you'd need 108 more shares - about US$22 at the issue price.
Create a free account to see this worked out for your own holding.
3 Mar 2017director interest notice● Neutral
Idaho Strategic Resources, Inc. director Kevin G Shiell received 200,000 shares as an equity award and bought 100,000 shares on the open market.
23 Jan 2017director interest notice● Neutral
Idaho Strategic Resources, Inc. Vice President Grant A Brackebusch acquired 150,000 shares through company equity transactions.
19 Jan 2017substantial holder notice● Neutral
John A. Swallow reported a Idaho Strategic Resources, Inc. shareholding of 16,777,003 shares (17.07% of votes) in a periodic institutional filing.
19 Jan 2017director interest notice● Neutral
Kevin G Shiell became a Idaho Strategic Resources, Inc. director and company insider (initial ownership filing).
11 Jan 2017securities registration● Neutral
Idaho Strategic Resources, Inc. filed notice of an exempt private placement.
4 Jan 2017material agreement● Neutral
Granted 900,000 stock options to directors and officers, including new officer Monique Hayes, as compensation. Filed alongside an operating update showing Golden Chest's open-pit ore processing ramping up with improving recoveries.
3 Jan 2017director interest notice● Neutral
Idaho Strategic Resources, Inc. President John Swallow acquired 1,950,000 shares and disposed of 500,000 in a set of related equity transactions.
29 Nov 2016director interest notice● Neutral
Monique D Hayes became a Idaho Strategic Resources, Inc. Corporate Secretary and company insider (initial ownership filing).
14 Nov 2016quarterly activities report▼ Bad
Idaho Strategic Resources, Inc. reported quarterly revenue of $52 thousand and a net loss of $829 thousand for the period ended 2016-09-30.
29 Aug 2016asset acquisition disposition● Neutral
Completed the merger of G F & H Company into the parent after minority shareholders approved it, simplifying ownership of the claims adjoining Golden Chest.
23 Aug 2016director interest notice● Neutral
Idaho Strategic Resources, Inc. Vice President Grant A Brackebusch acquired 12,600 shares at $0.12 under a company stock plan.
15 Aug 2016quarterly activities report▼ Bad
Idaho Strategic Resources, Inc. reported quarterly revenue of $48 thousand and a net loss of $84 thousand for the period ended 2016-06-30.
10 Aug 2016business combination● Neutral
Agreed to merge its 84%-owned subsidiary G F & H Company, which holds 374 acres of patented claims near Golden Chest, directly into the parent company, buying out the minority shareholders with stock.
2 Aug 2016debt financing▲ GoodMajor
Extended the same forward-gold-sale financing to outside investors through placement agent GVC Capital, raising a further $772,806 net to fund the Golden Chest production restart.
18 July 2016debt financing▲ GoodMajor
Raised $467,500 by pre-selling 500 ounces of future Golden Chest gold production to Ophir Holdings, an Idaho entity partly owned by company management, to fund a restart of open-pit mining at Golden Chest.
12 July 2016securities registration● Neutral
Idaho Strategic Resources, Inc. filed notice of an exempt private placement.
16 May 2016quarterly activities report▼ Bad
Idaho Strategic Resources, Inc. reported quarterly revenue of $44 thousand and a net loss of $191 thousand for the period ended 2016-03-31.
1 Feb 2016asset acquisition disposition▲ GoodMajor
Completed the purchase of Timberline's 50% Butte Highlands interest, becoming co-owner alongside Highland Mining LLC of a project already backed by more than $30 million of outside development funding. The company disclosed that President John Swallow previously chaired Timberline's board and helped negotiate the original Butte Highlands deal.
28 Jan 2016debt financing▲ GoodMajor
Signed a binding letter of intent to buy Timberline Resources' 50% stake in the Butte Highlands joint venture, a high-grade underground gold project in Montana already carried to production by a well-funded partner, for $225,000 plus 3 million shares.