29 June 2006security holder rights change● Neutral
Notice that 7,027,886 partly paid shares (20c unpaid) and 5,260,257 ordinary shares will be released from escrow on 16 July 2006. This is a routine compliance notice.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 June 2006director officer appointment● Neutral
Malcolm Smartt replaces Rudolf Tieleman as company secretary after Tieleman's resignation. This is an administrative change.
22 Mar 2006drilling result▲ Good
Further 1m RC results at Harrods Central include 2m at 12.9g/t and 1m at 12.5g/t. Meteoric has now drilled 72 holes there, and the 3,000m close-spaced RC programme was delayed by rain and is due to start within a week.
16 Mar 2006half year report● Neutral
Half-year accounts to 31 December 2005 show a loss of $954,590, versus $1,281,698 a year earlier. The directors' report repeats the Harrods South, Harrods Central and Bullfinch drilling results already announced.
2 Mar 2006admin correction● Neutral
Administrative notice for the 23 February placement (2,786,000 shares at $0.33 and 928,666 contributing shares at $0.05, $965,813). The shares are issued today under ASIC relief from secondary sale restrictions. No new information.
23 Feb 2006capital raising announcement● NeutralMajor
Placed 2,786,000 fully paid shares at $0.33 and 928,666 contributing shares at $0.05, raising $965,813. Cash and liquid investments will be about $3 million. Funds go mainly to Harrods drilling: 3,000m close-spaced RC plus RAB programmes starting early March.
What it means for a shareholder
2.8m new shares at $0.330 to raise about $965,813. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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18 Jan 2006drilling result▲ Good
More 1m RAB results at Harrods include 6m at 31.2g/t (with 1m at 182.8g/t) and 5m at 7.2g/t. The 6m hit may extend the new Harrods South zone, which supports the earlier result; one earlier high-grade 4m sample did not repeat well.
10 Jan 2006drilling result▲ GoodMajor
Final RAB assays at the 90%-owned Wilthorpe project define a new 800m-long gold zone at Harrods South, with best results of 8m at 9.7g/t and a 1m hit of 140.5g/t. RC drilling at Harrods Central also confirmed gold, including 4m at 18.8g/t.