Past year: ▼ 30%(44.5c – 1.70 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
17 Oct 2018debt financing● Neutral
Fourth Osho SA Coal loan of ZAR10.5M (about A$1M), repayable by 30 November 2019, bringing related-party borrowings to ZAR40.5M (about A$4M) at 10%. The ~A$6M entitlement issue is still planned and would repay them.
1 Oct 2018annual report● Neutral
Financial report for the year to 30 June 2018: net loss A$223,361 (2017: A$311,040) and operating cash outflow A$356,025. Same four executive directors, with no board changes during the year. Remaining text is truncated.
28 Sept 2018production update▲ GoodMajor
Box cut completed at Kliprand and first coal mined, the first production after years of delays. Initial sales are crushed run-of-mine coal on a free-on-truck basis. A third Osho loan (ZAR10.5M) brings Osho borrowings to ZAR30M (about A$3M); the ~A$6M entitlement issue is still pending.
31 July 2018capital raising announcement● NeutralMajor
Project now called Newcastle Project; mining starts at Kliprand Colliery, with coal extraction expected late in the September 2018 quarter. Plans a roughly A$6M renounceable entitlement issue, with a shareholder in principle willing to underwrite it. A second ZAR10M Osho loan bridges until then.
30 Apr 2018debt financing▲ GoodMajor
Mining contract with CML concluded, resolving the contractor thread. Also a ZAR9.5M (about A$1M) unsecured loan from related party Osho SA Coal at 10% a year, repayable by 31 August 2019, as short-term funding ahead of the larger raising.
17 Apr 2018contract award▲ GoodMajor
CML Melger Mining selected as mining contractor for Ntendeka opencast; terms still being finalised. House relocation in the Central Mini Pit is complete, resolving the long-running resistance thread. About US$5M (A$6.5M) funding needed, with in-principle support from the principal shareholder.
16 Mar 2018half year report● Neutral
Half-year to 31 December 2017: net loss A$161,470, cash A$0.601M. A High Court consent order in December 2017 requires relocating the 3 resisting families, with housing under construction. The company may need to raise debt or equity; no decision made yet.
31 Jan 2018quarterly activities report▼ BadMajor
December 2017 quarter: cash A$0.599M, and fund raising options have been identified, to be aligned with the mining start. Legal steps on the 3 resisting families are well advanced, and the Assegai prospecting right will not be renewed, leaving Ntendeka as the focus.
1 Nov 2017other● Neutral
Appendix 4G corporate governance checklist for the year to 30 June 2017, pointing to the website statement. Administrative only.
31 Oct 2017annual report● Neutral
2017 annual report. Initial plan is selling crushed, unwashed run-of-mine coal from Ntendeka's Central Opencast. 3 of 6 houses in the area are relocated, and the remaining 3 must move before contracts are finalised. Wash plant still lacks water supply, discard footprint and dams.
29 Sept 2017annual report● Neutral
Financial report for the year to 30 June 2017. Visible text covers only the contents, directors' report and director biographies (the same four executive directors); no financial figures are readable.
20 Sept 2017auditor change● Neutral
Deloitte resigned as auditor and Charter Financial Services was appointed from 20 September 2017, subject to shareholder ratification at the 2017 AGM. No reason for the resignation is given.
16 Mar 2017half year report● Neutral
Half-year to 31 December 2016: net loss A$170,707 (A$175,640 a year earlier), cash A$2.147M. Company says it has enough cash to start run-of-mine mining, now expected in the June 2017 quarter after relocation delays. Auditor was Deloitte.
22 Dec 2016resource reserve update▼ BadMajor
Re-release of the AGM presentation to add a resource breakdown for Ntendeka's 294Mt: 50Mt Measured, 36Mt Indicated, 208Mt Inferred. It also states the mine plan is being remodelled for lower coal prices and that no Reserves are currently recorded, contradicting the earlier 16Mt reserve.
15 Dec 2016investor presentation● Neutral
December 2016 AGM presentation. The visible text is only disclaimers, including that production depends on raising funding; per the later re-release, it cited a 294Mt Ntendeka resource. Replaced by the re-release.
31 Oct 2016annual report● Neutral
2016 annual report. Ntendeka (70%) is said to be well positioned, with initial operations to sell crushed, unwashed run-of-mine coal at lower capital cost; water supply, discard footprint and pollution control dams still remain for the wash plant. Text is partly garbled.
31 Oct 2016other● Neutral
Appendix 4G corporate governance checklist for the year to 30 June 2016, pointing to the website statement. Administrative only.
30 Sept 2016annual report● Neutral
Statutory accounts for the year to 30 June 2016. The visible text covers only the directors' report and director biographies (all four now listed as executive directors); no financial figures are readable.
29 July 2016quarterly activities report▲ GoodMajor
June 2016 quarter: cash A$2.091M. With API4 near US$63, Ikwezi now targets run-of-mine coal from Ntendeka's Central opencast, with mining targeted for early 2017 once a contractor is chosen. The Acorn prospecting right was allowed to lapse.
15 Mar 2016half year report● Neutral
Half-year to 31 December 2015: net loss A$175,640 (versus A$701,727 a year earlier), cash A$2.626M. Company says it has enough cash to start run-of-mine sales, but the wash plant still needs additional funding. Deloitte review report is included.
22 Dec 2015investor presentation● Neutral
December 2015 AGM presentation. The visible text is only disclaimers, including that production depends on raising additional debt funding; no new results or figures are readable.
2 Nov 2015quarterly activities report▼ BadMajor
September 2015 quarter: cash A$2.923M. Ikwezi will not renew its Dundee prospecting right (previously 60% held), focusing on Ntendeka, which is being redesigned for a phased, lower-cost start. Northern drilling results are analysed; start remains delayed by weak margins.
2 Nov 2015other● Neutral
Re-lodged Appendix 4G corporate governance key, same as the 30 October filing. Administrative only.
30 Oct 2015annual report● Neutral
2015 annual report: Ntendeka (70%) is described as well positioned, with the plant built; water supply, discard footprint and pollution control dams remain. Chairman says the rights issue (A$4.065M) leaves the company stable, and lower contractor costs help; coal remains weak.
30 Oct 2015other● Neutral
Appendix 4G corporate governance checklist for the year to 30 June 2015, pointing to the website governance statement. Administrative only.
1 Oct 2015annual report● Neutral
Statutory financial report for the year to 30 June 2015. The visible text covers only the contents, directors' report and board details, including Agrawal and Joshi joining and Neuling leaving the board; no financial figures are readable.
12 June 2015other● Neutral
Computershare notifies that its Perth office moves to a new address from 15 June 2015. Administrative only, with no substance for the company.
29 May 2015director officer appointment● Neutral
Initial director interest notices for Tushar Agrawal and Alok Joshi. Agrawal has an ultimate minority beneficial interest in Azure (341.7M shares), Chronos (21.7M) and Belvedere (383.0M); Joshi holds no securities. Administrative.
29 May 2015director officer appointment● NeutralMajor
Tushar Agrawal and Alok Joshi join the board; Alex Neuling resigns as director but stays company secretary. Belvedere (382.97M shares) agreed with Azure's shareholders (Azure holds 341.7M) to influence Azure's votes, giving a deemed 724.7M-share interest.
13 Mar 2015half year report▼ Bad
Half-year to 31 December 2014: net loss A$701,727 (versus A$524,148) and cash A$376,672. Wash plant, haul road and electrics are complete; the water supply, dams and rail siding remain to be built. Rights issue completed in January 2015.
