Past year: ▼ 30%(44.5c – 1.70 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
30 Dec 2022registration revoked▼ BadMajor
ASX removed Ikwezi from the official list at close of trading on 30 December 2022, at the company's request, after shareholders resolved to delist. This completes the delisting applied for on 25 October 2022.
30 Dec 2022admin correction● Neutral
Amended 2021 corporate governance statement. The visible change is the wording of the currency line ("current as at date"); the rest appears unchanged from the earlier version. Administrative correction only.
30 Dec 2022admin correction● Neutral
Amended 2022 corporate governance statement. The visible change is the wording of the currency line ("current as at date"); the rest appears unchanged from the earlier version. Administrative correction only.
29 Dec 2022other● Neutral
Appendix 4G governance checklist for the year to 30 June 2022, lodged 29 December 2022, pointing to the website governance statement. Administrative filing with no new business information, lodged ahead of delisting.
29 Dec 2022other● Neutral
Corporate governance statement for 1 July 2020 to 30 June 2021, dated 29 December 2022. It states the board has three directors, one independent. Administrative filing, no new business information.
29 Dec 2022other● Neutral
Corporate governance statement for 1 July 2021 to 30 June 2022, dated 29 December 2022. It repeats the three-director board, one independent. Administrative filing with no new business information.
29 Dec 2022other● Neutral
Appendix 4G governance checklist for the year to 30 June 2021, lodged 29 December 2022. It points to the company website for the governance statement. Compliance paperwork with no new business information, filed just before delisting.
28 Dec 2022registration revoked▼ BadMajor
ASX suspended Ikwezi shares at the close of trading on 28 December 2022, at the company's request, pending removal from the official list. Delisting follows.
28 Dec 2022security holder rights change● Neutral
Updated delisting timetable: shares suspended at close of trading 28 December 2022, with delisting expected on 30 December 2022. Dates are indicative and may change without notice.
21 Dec 2022production update● Neutral
Responding to an ASX query, Ikwezi gave September 2022 quarter detail: 260,792 tonnes mined, 243,803 tonnes fed to the wash plant, and 106,996 tonnes from Goedehoep, which is still being stabilised. Shepstone Lake pit preparation has begun; production costs were A$17.8M.
23 Nov 2022security holder rights change● Neutral
ASX formally approved Ikwezi's removal from the official list on 22 November 2022, subject to conditions including a special resolution of shareholders at the 24 November meeting. The notice must tell holders they should sell on ASX beforehand.
2 Nov 2022listing compliance notice● Neutral
ASX lifted the trading suspension from 2 November 2022 after Ikwezi lodged its periodic report. Resolves the one-day suspension.
1 Nov 2022listing compliance notice▼ Bad
ASX suspended Ikwezi shares from 1 November 2022 for failing to lodge a required periodic report by the due date. Short-lived: lifted the next day.
31 Oct 2022annual report● Neutral
2022 annual report: Goedehoep began mining in May 2022, and the Emoyeni wash plant ran at about 76,000 tonnes a month. The chairman calls the year turbulent because of KwaZulu-Natal floods. It repeats the previously reported results.
25 Oct 2022asset acquisition disposition▼ BadMajor
Ikwezi applied to be removed from the ASX, citing very low liquidity, no Australian operations, costs (about A$250,000 a year saved) and negative thermal coal perception. A buy-back for shareholders is planned. Shareholders exit a listing they have found practically illiquid.
21 Oct 2022other● Neutral
ASX paused trading in Ikwezi shares pending a further announcement. No reason given in the notice; the company announced voluntary delisting four days later.
30 Sept 2022annual report▲ GoodMajor
Full-year accounts to 30 June 2022: net profit A$15.86M (prior-year loss A$1.51M), operating cash inflow A$10.7M, helped by selling more washed coal rather than discounted run-of-mine coal. The Zarbon Coal loan was fully repaid, leaving no long-term external debt.
29 Oct 2021annual report● Neutral
2021 annual report: the Emoyeni wash plant started in late 2020 and has run at about 60,000 tonnes a month, with a target of 75,000. Mining at the Goedehoep pit is due next quarter and Shepstone Lake the one after, to help fill the plant.
30 Sept 2021annual report▼ Bad
Full-year accounts to 30 June 2021: net loss A$1,505,968 (prior year profit A$2,668,439) and operating cash outflow A$3.92M. The company blames COVID lockdowns and weak early-year coal prices. API4 ended the year around US$115. Tushar Agrawal resigned as a director 7 January 2021.
1 July 2021director officer appointment● Neutral
Wayne Price, a Sydney chartered accountant, replaced Graeme Smith as Company Secretary from 30 June 2021. Administrative change.
27 May 2021director officer appointment● Neutral
Independent director Blair Sergeant resigned on 26 May 2021, less than a year after joining in mid-2020. He held no shares. No reason is given.
19 Jan 2021security holder rights change● Neutral
The 100-to-1 share consolidation, approved at the 7 January 2021 AGM, is complete, leaving 40,649,974 shares. Normal trading begins 20 January, and new holding statements have been sent to shareholders.
15 Jan 2021security holder rights change● Neutral
Update confirming shareholders approved the 100-for-1 consolidation on 7 January 2021. Actual shares on issue after consolidation are 40,649,974, against the estimated 40.65M. Timetable is unchanged.
30 Dec 2020security holder rights change● NeutralMajor
Ikwezi plans a 100-for-1 share consolidation, cutting about 4.065bn shares to about 40.65M, subject to shareholder approval on 7 January 2021. Post-consolidation trading begins 11 January on a deferred settlement basis.
16 Dec 2020listing compliance notice▼ Bad
ASX paused trading in Ikwezi shares on 16 December 2020 pending a further announcement. No reason is given in the notice.
16 Dec 2020price query● Neutral
Responding to ASX's price and volume query (shares moved A$0.005 to A$0.008), Ikwezi says it knows of no unannounced information or other explanation for the trading, and confirms it is complying with the continuous disclosure rules. This follows the trading pause earlier that day.
2 Nov 2020annual report● Neutral
2020 annual report: Kliprand produced 353,435 tonnes of run-of-mine coal in the year, and the contractor was changed twice for under-performance. A new open pit is expected to operate in 2021, and the wash plant is due to be commissioned in the last quarter of 2020.
2 Nov 2020other● Neutral
Corporate governance statement for FY2020: five directors, two considered independent, with all directors sitting on the audit, risk and remuneration committees. Routine disclosure with no new business information.
2 Nov 2020other● Neutral
Appendix 4G corporate governance checklist for the year to 30 June 2020, lodged with the annual report. Administrative only, no new business information.
30 Sept 2020annual report▲ Good
Full-year accounts to 30 June 2020: net profit A$2,668,439 (prior A$1,151,333) and operating cash inflow A$3.11M, against an outflow the year before. API4 ended the year at about US$55 after dipping below US$50 in April.
