Past year: ▲ 18%(2.15 – 3.01 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
24 Mar 2022capital raising announcement▲ GoodMajor
Retail offer completes, raising about A$38m and finishing the A$694m entitlement offer. Stanmore says equity funding for the BMC purchase is now satisfied, and completion of the acquisition is now expected on 3 May 2022.
10 Mar 2022capital raising announcement● Neutral
Retail Offer Booklet lodged as the retail part of the entitlement offer opens, closing 21 March. Terms are unchanged at 7 new shares for every 3 held at A$1.10; the cover note adds nothing new.
7 Mar 2022capital raising announcement▲ Good
The institutional part of the entitlement offer is completed, raising about A$656m (~94.6% of the A$694m total). The shortfall bookbuild cleared at the A$1.10 offer price. The retail offer opens 10 March.
3 Mar 2022capital raising announcement● NeutralMajor
Stanmore launches a 7-for-3 entitlement offer at A$1.10 to raise A$694.1m (~US$506m) for the BMC acquisition. GEAR commits US$300m, taking it to about 64.1% from 75.33%; Petra Capital underwrites the remaining US$206m. The rest comes from the US$625m debt and internal cash.
14 Dec 2016capital raising announcement● NeutralMajor
Placement of 27.3m shares raises $15m at $0.55, a 12% discount to the last close of $0.625. Funds go to accelerated pre-strip and stockpiles, with a revised mine plan. FY17 guidance of 1.25Mt is kept, and the US$6m Taurus working capital facility remains undrawn.
What it means for a shareholder
27.3m new shares at A$0.550 to raise about A$15.0m. That's 67% dilution: every existing holder's slice gets 67% smaller. If you held A$1,000 of shares (1,818 at the issue price), your slice goes from 0.0136% to 0.00447% of the company. To keep it you'd need 3,712 more shares - about A$2,042 at the issue price.
Create a free account to see this worked out for your own holding.
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.
19 Jan 2012capital raising announcement▲ GoodMajor
The Share Purchase Plan closed with $5.4m from shareholders and $1.8m from the underwriters' shortfall. A further $2.8m placement at $0.74 was added. Total raised since December is $24.1m, completing the funding flagged in November.
13 Dec 2011capital raising announcement● Neutral
Offer booklet for the Share Purchase Plan: eligible Australian and NZ shareholders can buy up to $15,000 of shares at $0.74 with no brokerage. The offer closes 13 January 2012. This is paperwork for the already announced raising.
9 Dec 2011capital raising announcement● Neutral
Wilson HTM and Bizzell Capital Partners (linked to director Stephen Bizzell) agreed to underwrite $7.25m of the up-to-$10m Share Purchase Plan at $0.74. The underwriting needs shareholder approval at an EGM on about 16 January 2012.
8 Dec 2011capital raising announcement▲ GoodMajor
Raised $14.1m through an institutional placement of about 19.1m shares at $0.74, a 9.8% discount to the last close. Funds go to The Range definitive feasibility study, exploration, port and rail commitments. This is the raising flagged at the AGM; a Share Purchase Plan of up to $10m follows.
What it means for a shareholder
19.1m new shares at A$0.740 to raise about A$14.1m. That's 93% dilution: every existing holder's slice gets 93% smaller. If you held A$1,000 of shares (1,351 at the issue price), your slice goes from 0.0904% to 0.00656% of the company. To keep it you'd need 17,257 more shares - about A$12,770 at the issue price.
Create a free account to see this worked out for your own holding.
4 Nov 2010capital raising announcement▲ Good
The $13.2m entitlement offer closed oversubscribed, with applications over $23.8m and over 97% of entitlements taken up. Additional share applications were scaled back, so 482,967 shares ($386,374) are allotted. Completes the $25.7m raising.
13 Oct 2010capital raising announcement● Neutral
Offer booklet and personalised forms for the entitlement offer were sent to eligible shareholders. Acceptances close 29 October 2010. Administrative.
1 Oct 2010capital raising announcement▲ GoodMajor
Raises $25.7m: a $12.5m placement at $0.90 (about 13.9m shares) plus a fully underwritten 2-for-13 entitlement offer at $0.80 for $13.2m. Funds progress Mackenzie River and The Range and speed up exploration. First raise since the $6m IPO at $0.20.
1 Oct 2010capital raising announcement● Neutral
Offer booklet for the 2-for-13 renounceable entitlement offer at $0.80, closing 29 October 2010. It carries the terms, risks and underwriting summary for the raise already announced.
4 Dec 2009capital raising announcement▲ GoodMajor
Confirms the IPO closed on 27 November 2009, raising $6,000,000 from 30,000,000 shares at $0.20, and that the Comet Coal & Coke purchase was completed with 9,000,000 shares and $850,000 cash. Tim Jones appointed Exploration Manager.
What it means for a shareholder
30.0m new shares at A$0.200 to raise about A$6.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
