Past year: ▼ 21%(6.30c – 9.98c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
5 Jan 2015capital raising announcement▼ BadMajor
Guildford plans a partly underwritten A$7m entitlement offer at $0.037, 1 new share for every 4.85 held. Noble's A$7m extra debt is conditional on this raising. Underwriting of up to A$5m is being considered. Tony Mooney replaces Aimee Hyde as Company Secretary.
18 Nov 2014capital raising announcement▲ GoodMajor
Exercise notices received for 72.4m options at $0.06, including 71.5m from Maiora, slightly below the 73.5m it had indicated. This adds just over $4.3m of cash, with shares to be issued by 28 November.
31 Oct 2014capital raising announcement▲ GoodMajor
Maiora intends to exercise 73.5m of its 77.3m options at $0.06, bringing in $4.41m by 7 November. This follows the August $5m raising and is a partial exercise of the options.
8 Aug 2014capital raising announcement▲ Good
Issued 41,666,667 entitlement shares plus 41,666,667 more to Maiora as placement, at $0.06, with options at $0.06 to 7 November. Total $5m raised; up to $5m more if options are exercised.
6 Aug 2014capital raising announcement▲ GoodMajor
Entitlement offer closed: shareholders took up 6,032,868 shares and underwriter Maiora will take the remaining 35,633,799, all at $0.06, giving Guildford $2.5m.
10 July 2014capital raising announcement● Neutral
Offer detailed: 1 new share per 18.284 held at $0.06, a 14.29% discount to $0.07, with a free option at $0.06. Maiora also places 41,666,667 shares for $2.5m. Proceeds go to working capital; closes 30 July.
10 July 2014capital raising announcement● Neutral
Short-form prospectus for the $2.5m entitlement offer at $0.06 with free options, closing 30 July. Repeats terms already announced; text is truncated, so no further detail is available.
7 July 2014capital raising announcement● NeutralMajor
Guildford signed Maiora Asset Management (no fees) to fully underwrite a $2.5m entitlement offer at $0.06 (1 for 18.248, free option). Maiora will also subscribe $2.5m more; the company seeks up to $10m if all options are exercised.
21 Feb 2014capital raising announcement● Neutral
The 89,547,433 initial Springsure consideration shares were issued, using the 15% placement capacity. This is the first part of the 106.8m-share settlement announced on 30 December.
2 Jan 2014capital raising announcement● Neutral
Prospectus lodged so shares from the OCP Asia detachable warrants can be traded freely. Warrants equal 18.5% of the US$55m amortising notes' face value, exercisable at $0.17. Administrative step for the approved refinancing.
20 Dec 2013capital raising announcement● NeutralMajor
Guildford issued 20m shares at $0.75 ($15m) to Terra Holdings as the final payment for the remaining 25% of Terra Energy. This settles the deferred payment in shares rather than cash, though the $0.75 price is far above the ~$0.08-0.13 trading range.
20 Mar 2012capital raising announcement● NeutralMajor
Raised $25m through an institutional placement of about 35.7m shares at $0.70, a 1.4% discount to the last close. Funds go to resource work, a second South Gobi mining licence, Queensland pre-feasibility studies, non-coal minerals in Mongolia and possible acquisitions. Foster Stockbroking led the placement.
What it means for a shareholder
35.7m new shares at A$0.700 to raise about A$25.0m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (1,429 at the issue price), your slice goes from 0.00062% to 0.000537% of the company. To keep it you'd need 221 more shares - about A$155 at the issue price.
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11 Nov 2011capital raising announcement▲ GoodMajor
Raising $10m via a placement of about 10.9m shares at $0.92 to existing holder Regal Funds Management, issued 1 December 2011. Funds go to resource work, the South Gobi mining licence and Hughenden feasibility, addressing the cash decline from A$15m at 30 September.
What it means for a shareholder
10.9m new shares at A$0.920 to raise about A$10.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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8 Nov 2010capital raising announcement▲ GoodMajor
Guildford placed 52.1 million shares at $0.48 to Och-Ziff funds, raising $25 million (12.6% of capital, 6% below the 30-day average price). Cash rises to about $51 million, to accelerate drilling, fund rail and port talks and possible growth opportunities.
What it means for a shareholder
52.1m new shares at A$0.480 to raise about A$25.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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21 July 2010capital raising announcement● NeutralMajor
Guildford Coal's replacement prospectus offers 10 million shares at $0.20 to raise $2 million ahead of an ASX listing, with coal exploration tenements in Queensland. The prospectus warns the investment is speculative.
What it means for a shareholder
10.0m new shares at A$0.200 to raise about A$2.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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