Past year: ▼ 21%(6.30c – 9.98c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
22 July 2010resource reserve update▼ BadMajor
Prospectus resource claims are clarified: Guildford has no JORC-compliant resources. Earlier figures of 120 million tonnes (Comet) and 84 million tonnes (Springsure) are retracted and restated as exploration targets of 0 to 120Mt and 0 to 84Mt.
22 July 2010other● Neutral
Corporate governance statement says the three-person board has no independent directors, since all three also direct major shareholder TheChairmen1. The board intends to appoint an independent director within three months of listing.
22 July 2010other● Neutral
Updated statement of commitments sets out planned spending of $32 million over two years. The largest items are $14.7 million for Hughenden exploration and a $5 million management fee.
22 July 2010other● Neutral
Top 20 holder list shows TheChairmen1 Pty Ltd holds 200 million shares, 55.56% of the 360 million issued. The top 20 together hold 86.03%.
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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21 July 2010other● Neutral
Share distribution schedule dated 18 June 2010 shows 609 investors holding 360 million shares, with 95.89% held by holders of over 100,000 shares. Administrative listing document with no new events.
21 July 2010other● Neutral
ASX circular confirms Guildford Coal (GUF) joins the official list, with 160 million shares quoted from 22 July 2010 at a $0.20 issue price. A further 200 million shares are held in escrow for 24 months.
21 July 2010other● Neutral
ASX confirms Guildford Coal was admitted to the Official List on 21 July 2010, with quotation of 160 million shares due 22 July. Administrative notice repeating the circular.
