Past year: ▲ 511900%(0.09c – 4.61 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
7 Feb 2008asset acquisition disposition▲ GoodMajor
Signed to buy 100% of Energy Investments Limited, which has applied for two Tasmanian coal projects (Woodbury, Latrobe). Historical coal of 12-22 million tonnes; exploration target of 100-160Mt, which is conceptual only. Adds a second coal thread beside South Africa.
6 Feb 2008asset acquisition disposition● Neutral
Due diligence on the Isicebi South African coal acquisition is complete, pending South African Reserve Bank approval. A shareholder meeting to approve the deal is set for 10 March 2008, with notice attached.
31 Jan 2008capital raising announcement● Neutral
The July 2007 prospectus offer closed, with 2,000 shares at 2.5 cents to be allotted, raising $50. Immaterial.
31 Jan 2008quarterly activities report● Neutral
Quarter to 31 December 2007: operating cash outflow of $287k and $71k paid for South African coal due diligence. Cash fell to $1.812m from $2.112m. The coal acquisition still awaits shareholder approval.
28 Nov 2007director officer appointment● NeutralMajor
Michael Hunt, a mining lawyer and founding chairman of Red Back Mining, became non-executive chairman, and Rowan Armstrong became operations manager. Director Ed Mead resigned, so two AGM resolutions were withdrawn. Isicebi coal acquisition still in due diligence.
7 Nov 2007asset acquisition disposition▲ GoodMajor
Comdek signed to buy 100% of Isicebi Carbon Mining, which has the right to earn 70% of three Waterberg coal projects in South Africa (3,160 hectares). An initial inferred resource of 415 million tonnes was calculated. Adds a coal thread beside the Cameroon uranium plan.
26 Oct 2007annual report● Neutral
Text not readable. Only page headers of the Annual Report 2007 are present, with no content.
24 Oct 2007quarterly activities report● Neutral
Quarter to 30 September 2007: $1.126m net raised from the placement, with cash at quarter end of $2.112m. Uranex SA due diligence was paid for, with shareholder approval to be sought at the 28 November 2007 AGM.
12 Oct 2007asset acquisition disposition▲ GoodMajor
Due diligence on Uranex SA was completed; it holds three uranium licences in southeast Cameroon covering about 2,935 sq km. Acquisition of 80% now needs only shareholder approval at the AGM, with exploration expected from late 2007.
3 Oct 2007admin correction● Neutral
Administrative notice: registered office moved to Level 24, St Martin's Tower, 44 St Georges Terrace, Perth.
1 Oct 2007director officer appointment● Neutral
Ed Mead and Scott Douglas were appointed directors and Mark Clements company secretary. Ian Hobson (director and secretary) and Peter Christie resigned, continuing the board turnover after the company's reconstruction.
30 Aug 2007annual report● Neutral
Preliminary results for year to 30 June 2007: loss of $1.125m, including $750k from the Deed of Company Arrangement. Revenue was $311k and cash $986k. The company was recapitalised and relisted; the audit is likely to be qualified.
24 July 2007quarterly activities report● Neutral
Quarter to 30 June 2007: operating cash outflow of $49k. Cash at quarter end was $986k.
17 July 2007capital raising announcement● Neutral
Short-form prospectus to allow trading of shares from the July 2007 placement (45.06m shares at 2.5c, $1.1265m) and 40m shares issued to vendors of Uranex SA at a deemed 2.5c. Also offers 2,000 shares to raise $50.
17 July 2007capital raising announcement▲ GoodMajor
Comdek closed a placement of 49.96 million shares at 2.5 cents to raise $1.249m, fully subscribed. Part of the allotment to related parties needs shareholder approval.
23 Apr 2007quarterly activities report● Neutral
Quarter to 31 March 2007: operating cash outflow of $79k, with $150k raised from share issues. Cash at quarter end was $1.035m.
29 Jan 2007quarterly activities report● Neutral
Quarter to 31 December 2006: operating cash outflow of $299k, with $2.12m raised from share issues and $750k paid to settle the Deed of Company Arrangement. Cash at quarter end was $964k.
4 Dec 2006director officer appointment● NeutralMajor
After the Deed Administrator retired, Ian Hobson (director and secretary), Peter Christie and Peter Pawlowsitsch became directors on 29 November 2006. Jeffrey Garrett, Hendy Cowan, Haydn Collins and David Falconer resigned. Board fully replaced as the company's administration ended.
14 Feb 2006admin correction● Neutral
Text not readable. The title indicates an amended version of the receiver and manager appointment notice; no content can be confirmed.
14 Feb 2006bankruptcy or receivership▼ Bad
Text not readable. The title indicates a receiver and manager was appointed to the company, which would be a distress event, but details cannot be confirmed from the text.
8 Feb 2006other● Neutral
Text not readable. The title suggests an offer by BroadbandNet to purchase a regional satellite business, but nothing further can be confirmed.
