Past year: ▲ 18%(2.15 – 3.01 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
29 Nov 2012other● Neutral
Chairman's AGM address: total JORC resources of 686.2Mt and exploration targets of 975-1,498Mt. He says share price has been hit by weak coal markets and the Range feasibility study will complete shortly, after which a joint venture partner search continues. No new announcements.
28 Nov 2012investor presentation● Neutral
28 November 2012 investor presentation. Visible text is only disclaimers and notes restating the 94Mt reserve and 287Mt resource. No new information is visible; text is truncated.
31 Oct 2012quarterly activities report● Neutral
September quarter: shareholders approved Sprint's second tranche and the Credit Suisse options on 10 October, and the Altamondt swap got Ministerial approval. The Range feasibility study is now due by year-end, with a supplementary EIS before 31 December. This resolves the approval threads.
31 Oct 2012annual report● Neutral
2012 annual report, appearing to repeat the one lodged in September. It lists the same directors and highlights, such as 5Mtpa of port capacity, 94Mt reserve and 260Mt resource. Financial statements are not visible in the truncated text.
31 Oct 2012quarterly activities report● Neutral
Appendix 5B cash report: cash fell to $18.3m at 30 September from $23.9m, on $5.5m of operating outflow. $4.04m of the $25m facility is used. Expected spending next quarter is $4.45m.
30 Oct 2012investor presentation● Neutral
October 2012 investor presentation. Visible text is only disclaimers and notes restating the 94Mt reserve and 260Mt resource, which is the older figure and not the new 287Mt. No new information is visible; text is truncated.
30 Oct 2012asset acquisition disposition▲ GoodMajor
Bought the neighbouring EPC 1186 tenement next to Belview for $5.1m cash, 5.7m shares and a minor royalty. The combined coking coal exploration target is 735-1,103Mt, with a shallower start depth of about 385m. Cash was stated at $36.9m, and another funding instrument is under discussion.
26 Oct 2012farm in farm out agreement▲ GoodMajor
Joint venture with Cape Coal on Mackenzie to improve coal yield and economics. Cape Coal can earn up to 9% by providing technical services, with 2% already earned and a Concept Study due Q1 2013. It can buy a further 10% for $10m after a bankable feasibility study.
26 Oct 2012resource reserve update▲ GoodMajor
The Range total JORC resource rose 10% to 287Mt from 260Mt, including a first 18Mt Measured resource covering most of the first three years of production. The 94Mt reserve is not yet revised; first coal now stated as 2016.
3 Oct 2012listing compliance notice● Neutral
ASX asked Stanmore to explain its annual report's missing gender-diversity disclosures. Stanmore replied it has no formal diversity policy, 20% female employees, no women on the five-person board or in executive management. Administrative compliance matter.
27 Sept 2012annual report● Neutral
2012 annual report. Chairman reports total JORC resources of 498.2Mt and exploration targets of 615-900Mt, 5Mtpa of port capacity secured, and says the company is well funded. Chris McAuliffe is listed as a director. Financial figures are not visible in the truncated text.
3 Aug 2012investor presentation● Neutral
August 2012 investor update by the Managing Director. Visible text is only disclaimers and notes restating the 94Mt marketable reserve and 260Mt resource. No new information is visible; text is truncated.
31 July 2012quarterly activities report▲ Good
June 2012 quarter: $61m raised ($36m Sprint, $25m Credit Suisse debt), 5Mtpa WICET capacity secured, Altamondt swap pending Ministerial approval, and Belview concept study done. Company says the $44m early-works share is fully funded. Tennyson resource now targeted H2 2012.
17 July 2012director officer appointment● Neutral
Chris McAuliffe, co-founder and Managing Director of Sprint Capital, joins the board. This is the Sprint nominee director foreshadowed in the June $36m funding deal, which Sprint made at $0.675 a share.
11 July 2012other● NeutralMajor
Concept study for Belview underground coking coal project: 3.4Mtpa run-of-mine, $907m capital, $104/t FOB cost before royalty, first coal targeted 2018. It builds on the 95Mt Inferred resource. Management would consider a joint venture partner if terms are right.
28 June 2012other● Neutral
Cover note attaching WICET's media statement. WICET has signed Capacity Commitment Deeds for 32.2Mtpa with four producers, including Stanmore for The Range, for the terminal's second stage (WEXP1), planned for completion in 2016. Repeats the already-announced deed.
28 June 2012material agreement▲ GoodMajor
Executed a Capacity Commitment Deed with WICET for 5Mtpa of port capacity for The Range; Stanmore's share of early works is $44m ($26m paid, $18m later this year). Also signed a $25m Credit Suisse secured facility, two years, with 11.7m options at $0.52. Rail due diligence passed.
28 June 2012investor presentation● Neutral
Managing Director's June 2012 presentation on key infrastructure and funding agreements. Visible text is disclaimers plus headlines already announced: the 5Mtpa WICET Capacity Commitment Deed and the $36m Sprint Capital placement. No new information is visible; text is truncated.
28 June 2012capital raising announcement▲ GoodMajor
Signed a $36.04m deal with Sprint Capital (Hong Kong): $27.01m of shares (40.02m) and $9.03m of convertible notes, all at $0.675, versus a last price of $0.36. Sprint gets 19.99%, up to 25% on conversion. Second tranche needs shareholder approval; Sprint will also market 15% of output.
13 June 2012investor presentation● Neutral
RBS Morgans Emerging Coal Conference presentation by the Managing Director. The visible text is only disclaimers and notes restating the 94Mt reserve and 260Mt resource. No new information is visible; the text is truncated.
7 June 2012asset acquisition disposition▲ GoodMajor
Agreed to swap its recently granted Altamondt tenement (EPC 2177) for Queensland Coal Corporation's EPCs 1274 and 1276 (1,371km2) in the Surat Basin, with no cash or equity paid. Initial exploration targets of 130-195Mt; Ministerial approval is required.
24 May 2012investor presentation● Neutral
Presentation on The Range at the Surat Basin Coal and Energy Conference. The visible text is only disclaimers and notes, restating the 94Mt marketable reserve and 260Mt resource. No new information is visible; the text is truncated.
30 Apr 2012quarterly activities report▲ Good
March 2012 quarter: Range resource upgraded to 260Mt, BFS started, EIS lodged 24 April, and the SBR due diligence was passed for 5Mtpa. Company has begun documenting a committed debt facility for infrastructure bid bonds. Mackenzie yield work continues; Tennyson resource still targeted mid-2012.
10 Apr 2012material agreement▲ GoodMajor
Signed an Exploration Support Agreement with Taiheiyo Kouhatsu, backed by Japan's NEDO, for a $1.2m grant to drill 30 cored holes at The Range. Taiheiyo may buy up to 400,000t over the first three years of production. Seven rigs are on site.
15 Mar 2012resource reserve update▲ GoodMajor
The Range total JORC resource rose 14% to 260Mt (184Mt Indicated, up 22% from 151Mt; 76Mt Inferred), after 31 more holes. Impact on the 94Mt reserve and economics will feed the BFS due September 2012; 60-70Mt western target remains.
6 Mar 2012investor presentation● Neutral
March 2012 investor presentation. The visible text is only disclaimers, exploration-target notes and competent-person statements, restating the 94Mt marketable reserve. No new results are visible; the text is truncated.
2 Mar 2012other● Neutral
S&P Indices quarterly rebalance notice. Stanmore Coal is listed as an addition to the All Ordinaries index effective after close on 16 March 2012. The index change itself is not a company event.
3 Feb 2012regulatory community update▲ Good
Stanmore applied for two mining leases (MLA 55009 and 55010) for a 25km conveyor corridor linking The Range to a loadout on the Surat Basin Rail. Grant is expected with the main mining lease in early 2013.
3 Feb 2012material agreement▲ GoodMajor
Stanmore began a Bankable Feasibility Study at The Range, with a named consultant team and completion targeted for September 2012. It follows the November pre-feasibility study (NPV $846m owner mining). The environmental impact statement is now due March 2012, with first coal still targeted for 2015.
31 Jan 2012quarterly activities report● Neutral
December 2011 quarter: The Range pre-feasibility study (26-year mine, NPV $846m), Belview 95Mt Inferred and Mackenzie 143.2Mt were reported, and $24.1m was raised. Tennyson's Inferred resource has slipped to mid-2012 on land access delays. The $5.1m WICET guarantees have been refunded.
