Past year: ▲ 511900%(0.09c – 4.61 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
26 Feb 2014capital raising announcement▼ BadMajor
Blumont will not pay the outstanding $20.07m for its 102.6m-share placement at 22c. No shares are issued and the company keeps the $2.5m deposit. Resolves the Blumont thread, which had been expected to bring in $20-25m.
2 Jan 2014capital raising announcement● Neutral
Blumont has paid the $2.5m deposit. The balance with interest is still due on 26 February 2014; if unpaid, the deposit is forfeited and no shares issue.
18 Dec 2013capital raising announcement● Neutral
Agrees a revised deal with Blumont: $2.5m deposit by 31 December and the balance with interest on 26 February 2014. If Blumont fails to settle, the deposit is forfeited and no shares are issued. Partly eases the missed 4 December payment.
5 Dec 2013capital raising announcement▼ BadMajor
Blumont has not paid the $22.57m due on 4 December for its 102.6m-share placement at 22c, which shareholders approved at the AGM. The company is taking action to obtain the funds. Casts doubt on the Blumont money flagged in September.
22 Oct 2013capital raising announcement▲ GoodMajor
The shortfall from the entitlement offer is fully placed: 237.2m shares at 22c, raising $52.2m and completing the $62.6m offer. Buyers include PIC (19.90%), Barsington/Noble (17.97%) and Shinto Torii/Altius (10.91%). Resolves the weak retail take-up; funds go to major construction.
17 Sept 2013capital raising announcement▲ GoodMajor
Blumont Group subscribes for 15% of the enlarged capital at 22c, an investment of $20-25m. Shortfall shares are taken first, with the balance issued after the AGM subject to shareholder approval. Management says this minimises further equity needs.
26 July 2013capital raising announcement▼ BadMajor
Entitlement offer closes with acceptances for only 47.5m shares, about 16.7% of the offer. The remaining 236.3m shares plus 0.84m ineligible shares go to a shortfall placement. Barsington, Valu and Altius have committed to up to 207.9m shortfall shares, Altius not before 13 September.
9 July 2013capital raising announcement● Neutral
Confirms the entitlement offer booklet was mailed and the offer opened on 9 July, closing 23 July. Administrative; no new information.
1 July 2013capital raising announcement▼ Bad
Letter telling shareholders outside eligible countries they cannot take part in the entitlement offer and will receive no value for their lapsed entitlements. Administrative notice.
1 July 2013capital raising announcement● Neutral
Shareholder letter restating the 1-for-1, 22c entitlement offer (A$62.6m) and its timetable, with the same three commitments. 284,698,002 shares are on issue. Repeats the 28 June announcement.
28 June 2013capital raising announcement● NeutralMajor
Launches a non-underwritten 1-for-1 entitlement offer of 284.7m shares at 22c to raise A$62.6m, well below Noble's 40c in April. Noble, Valu and Altius have committed to take up to about 80% of the issue or shortfall. Funds start major construction.
2 Apr 2013capital raising announcement▲ GoodMajor
Noble Group buys 21.35m shares at 40c ($8.5m, 7.5%) and provides a secured US$123m loan facility, drawable to 31 Dec 2013, in addition to the $20m debenture. Noble's offtake rises to up to 2.5Mtpa over 35 years, and it becomes exclusive marketing agent. Replaces the bank-led plan.
10 Nov 2010capital raising announcement● Neutral
Invitation to eligible Australian and New Zealand shareholders to buy A$2,000 to A$15,000 of shares at 50c, the placement price. Offer closes 3 December 2010.
5 Nov 2010capital raising announcement▲ GoodMajor
Placement completed at A$30m: 60m shares at 50c, oversubscribed. 27.4m shares issue on 10 November; 32.6m need shareholder approval at a meeting around 13 December. Issued shares would total 242.7m.
4 Nov 2010capital raising announcement● NeutralMajor
Placement to raise up to A$20m at 50c a share, with up to A$10m more possible, plus a share purchase plan at the same price. Proceeds go mainly to Boikarabelo rail link land and access rights. The rail link is needed for environmental approval.
25 June 2010capital raising announcement● Neutral
Issued 5,000,000 shares to a company-controlled trust to meet Johannesburg Stock Exchange requirements for a secondary listing, as there are no South African shareholders. The trustee agreed not to vote; no cash raised.
29 July 2009capital raising announcement▲ Good
Shaw Corporate Finance found buyers for the 45.7m shortfall shares plus 0.6m ineligible-holder shares, completing the $30.75m raising at 40c. New shares issue 30 July. The raising is complete.
23 July 2009capital raising announcement● NeutralMajor
Entitlement offer drew valid acceptances for only about 40% (30.7m shares) of the 76.9m offered. Underwriter Shaw Corporate Finance must place the remaining 45.7m shares plus 0.6m ineligible-holder shares, so the underwriting was needed.
6 July 2009capital raising announcement● Neutral
Confirms the entitlement offer booklet and acceptance forms were mailed to shareholders on 6 July 2009, on schedule. Administrative.
24 June 2009capital raising announcement● Neutral
Letter telling shareholders outside Australia and New Zealand they cannot take part in the entitlement offer, with no payment for lost entitlements. Administrative.
24 June 2009capital raising announcement● Neutral
Cover letter to eligible shareholders on the 1-for-1 entitlement offer at 40c. Restates the timetable and uses of funds; about 76.9m new shares expected. No new information.
23 June 2009capital raising announcement● Neutral
Offer booklet for the 1-for-1 entitlement issue at 40c, a 43% discount to the 22 June close, raising $30.75m. Record date 2 July, closes 20 July. Mainly for Waterberg land acquisition. Repeats the announced raising.
23 June 2009capital raising announcement● NeutralMajor
Announced a fully underwritten 1-for-1 entitlement issue at 40c to raise $30.75m, underwritten by Shaw Corporate Finance. Funds are mainly for Waterberg land, mine infrastructure and a bankable feasibility study. Existing holders are diluted if they don't participate. Offer closes 20 July.
15 Aug 2008capital raising announcement▲ GoodMajor
Raised $12 million via a placement of 66,666,667 shares at 18c. Funds exploration of coal and uranium tenements, first the Waterberg, where US$5m spend lifts the joint venture interest from 20% to 70%. 15.4m shares need AGM approval.
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.
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.
