Each one in plain English, with the numbers worked through for a shareholder.
8 Mar 2019regulatory community update▲ Good
Drilling approvals progress: access agreed with landowners for 5 of 15 planned holes, and off-road driving permits received for all drill sites. Municipal decisions on the notifications are still pending after a public consultation period ending in March.
6 Mar 2019security holder rights change● Neutral
The 18.75m unlisted options at 2.7c expired unexercised on 4 March 2019, closing that open thread. No cash came in from them. The 58m options at 4c remain.
1 Mar 2019half year report● Neutral
Half-year report to 31 December 2018, the first since the Skåne acquisition completed. Restates the $3m raising at 2.7c and the vendor and performance shares. The financial figures are not in the text provided.
29 Jan 2019regulatory community update● Neutral
Drilling approval update for the maiden Skåne programme: work programmes sent to seven landowners for 15 holes, and three notifications lodged with two municipalities. One decision may not come until the June quarter 2019. Company says it knows of no legal basis for refusal.
12 Dec 2018drilling result▲ Good
Unpublished 1997 historic drilling at Fågeltofta showed 9.7m @ 0.61% V2O5. With Flagabro Creek and Gislövshammar, the company reports a roughly 10m seam over at least 26km of strike, supporting the 610-1,200Mt exploration target (not a resource).
10 Dec 2018investor presentation● Neutral
December 2018 investor presentation on Skåne vanadium, citing cash of about A$5m and 351.9m shares. Repeats the prospectus and the 4 December sampling results; no new information.
4 Dec 2018drilling result▲ Good
Surface sampling at Flagabro Creek in the Killeröd permit found a peak of 0.81% V2O5, with 13 of 14 samples in the main horizon above 0.4%. The shale is over 10m thick, supporting the historic data behind the Skåne exploration target.
23 Nov 2018other● Neutral
Securities trading policy for directors and staff, filed with relisting documents. Sets blackout periods and insider trading rules; administrative with no new business information.
23 Nov 2018other● Neutral
Re-release of the 1 October 2018 supplementary prospectus (Skåne plan of operations, permit update, revised timetable), filed with the relisting documents. No new information.
23 Nov 2018security holder rights change● Neutral
Terms of options: 18.75m at $0.027 expiring 4 March 2019, and management and adviser options at $0.04 expiring four years from grant. None will be quoted on ASX. Repeats previously disclosed securities.
23 Nov 2018other● Neutral
Capital structure on requotation: 351,866,100 shares, 112.5m performance shares, 18.75m options at $0.027 and 58m at $0.04. Restricted securities are escrowed up to 24 months from requotation. Administrative disclosure of known figures.
23 Nov 2018other● Neutral
Company constitution, adopted by shareholders 12 September 2018, filed with the relisting documents under the new ScandiVanadium name. Standard governing rules; no new business information.
23 Nov 2018other● Neutral
Share distribution schedule as at 14 November 2018: 351.9m shares held by 1,216 holders, with 332 holders owning 97.09% of issued capital. Administrative listing document with no new business information.
23 Nov 2018listing compliance notice▲ Good
ASX confirms the trading suspension will lift at 10:09am on Monday 26 November 2018, after the company re-complied with listing chapters 1 and 2. Repeats the earlier relisting notice.
23 Nov 2018other● Neutral
Appendix 1A listing application for relisting, seeking quotation of 295.6m ordinary shares. It lists Brandon Munro as chairman and David Minchin as managing director, with Simon Robertson remaining a director and company secretary. Administrative filing.
23 Nov 2018other● Neutral
Pre-quotation confirmations: offers closed, acquisition completed with 56.25m shares and 112.5m performance shares issued to vendors. $130,000 convertible notes were repaid with 6,018,519 shares. 10.5m adviser and 47.5m management options were issued. No known impediments to the 11 permits.
23 Nov 2018security holder rights change● Neutral
Terms of the 112.5m performance shares: Class A converts on a 50Mt @ 0.5% V2O5 inferred resource within 24 months of relisting; Class B on a pre-feasibility study within 42 months. Both convert on a change of control, capped at 10% of issued capital.
23 Nov 2018other● Neutral
Top 20 holder list as at 14 November 2018: the top 20 hold 38.20%. David Minchin is the largest at 7.00%, followed by Pinnacle Trustees at 6.32%. Administrative listing document.
23 Nov 2018listing compliance notice▲ GoodMajor
Shares will resume trading on 26 November 2018, after being suspended since April 2017. The A$3m raise issued 111.1m shares at 2.7c; 295.6m shares will be quoted. Restricted shares, options and performance shares are escrowed up to 24 months.
23 Nov 2018annual report● Neutral
Audited accounts of ScandiVanadium Australia for incorporation to 31 July 2018: loss of $40,376, cash $528, net assets $13,283. Two permits were granted 23 July 2018; $130,000 of convertible notes were issued in August 2018.
23 Nov 2018other● Neutral
Employee Securities Incentive Plan, approved by shareholders 12 September 2018, filed with the relisting documents. Sets rules for granting incentive securities to staff; no new business information.
14 Nov 2018asset acquisition disposition▲ GoodMajor
The acquisition of ScandiVanadium Australia, holder of the Skåne project (about 220km2), is complete. Brandon Munro, David Minchin and Ian Burvill joined the board; Davide Defendi and John Gilfillan resigned. Relisting with ASX is being pursued.
31 Oct 2018other● Neutral
Company name changed from AssembleBay Limited to ScandiVanadium Ltd, effective on ASX 1 November 2018, with the ASX code changing from ASY to SVD.
23 Oct 2018regulatory community update▲ GoodMajor
The final three Skåne permit applications were granted, so all 11 exploration permits are now held, covering about 220km2. This resolves the open thread on permit grants that the acquisition depended on.
18 Oct 2018regulatory community update▲ Good
Six of the nine outstanding Skåne exploration permit applications were granted, lifting granted permit area to about 142km2. This continues the permit thread that began with two permits granted in July.
15 Oct 2018capital raising announcement▲ GoodMajor
The public offer received applications and commitments above the A$3m maximum, confirming the Skåne raising is fully covered. The closing date was extended to 19 October 2018 to allow settlement.
1 Oct 2018regulatory community update● Neutral
Supplementary prospectus says the Skåne plan of operations will go to the Swedish Mining Inspectorate in October 2018, aiming to start drilling in early 2019. Approval takes at least three weeks, possibly three months. Also updates the offer timetable.
18 Sept 2018capital raising announcement● Neutral
Prospectus lodged for the Skåne re-compliance: 92.6m shares at 2.7c to raise A$2.5m, with up to A$500k oversubscriptions. It also offers vendor shares and 112.5m performance shares, noteholder shares, and 47.5m management and 12.5m adviser options. Conditional on the public offer.
What it means for a shareholder
92.6m new shares at A$0.027 to raise about A$2.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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17 Sept 2018annual report● Neutral
Annual report for the year to 30 June 2018: loss of A$311,091 (2017: A$395,427). It restates the planned ScandiVanadium acquisition, after which the company will seek ASX re-compliance listing and begin exploring Skåne.
17 Sept 2018annual report● Neutral
Appendix 4G lodged with the annual report. It says the corporate governance statement is on pages 45-53 and is current to 14 September 2018. No new business information.
