4 Aug 2022director interest notice● Neutral
Timberline Resources Corp director William Fuller Matlack sold 51,000 shares at $0.19.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
21 July 2022director interest notice● Neutral
Timberline Resources Corp director William Fuller Matlack sold 62,000 shares at $0.16.
24 May 2022director interest notice● Neutral
Timberline Resources Corp VP Corporate Development Donald James Mcdowell sold 80,418 shares.
16 May 2022quarterly activities report▼ Bad
Timberline Resources Corp reported a quarterly net loss of $698 thousand for the period ended 2022-03-31.
10 May 2022securities registration● Neutral
Timberline Resources Corp filed notice of an exempt private placement.
2 May 2022capital raising announcement▲ Good
Timberline closed the private placement, raising about $4.7 million from just under 19 million shares at $0.25 - short of the $8 million target but still a solid raise, with finder's fees paid partly in warrants.
What it means for a shareholder
19.0m new shares at $0.250 to raise about $4.7m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held $1,000 of shares (4,000 at the issue price), your slice goes from 0.00283% to 0.0025% of the company. To keep it you'd need 538 more shares - about $135 at the issue price.
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26 Apr 2022director interest notice● Neutral
Timberline Resources Corp 10%+ owner Crescat Portfolio Management LLC bought 2,000,000 shares on the open market at $0.25.
5 Apr 2022capital raising announcement▲ Good
Timberline launched an $8 million private placement at $0.25/share, its largest targeted raise yet, to fund geology, geophysics and drilling at the Eureka project on the Battle Mountain-Eureka Trend.
30 Mar 2022director interest notice● Neutral
Timberline Resources Corp Vice President, Exploration Steven A. Osterberg acquired 71,425 shares and disposed of 71,425 in a set of related equity transactions.
14 Feb 2022quarterly activities report▼ Bad
Timberline Resources Corp reported a quarterly net loss of $1.6 million for the period ended 2021-12-31.
31 Jan 2022drilling progress report▲ Good
Timberline completed its 2021 drilling campaign at the Eureka gold project in Nevada, the ground that had reverted to full Timberline ownership after the PM&Gold Mines joint venture lapsed in 2020.
9 Nov 2021director interest notice● Neutral
Timberline Resources Corp VP Corporate Development Donald James Mcdowell sold 44,000 shares at $0.14.
4 Nov 2021director interest notice● Neutral
Timberline Resources Corp VP Corporate Development Donald James Mcdowell sold 27,182 shares.
16 Aug 2021quarterly activities report▼ Bad
Timberline Resources Corp reported a quarterly net loss of $1.3 million for the period ended 2021-06-30.
8 July 2021securities registration● Neutral
Timberline Resources Corp filed notice of an exempt private placement.
30 June 2021capital raising announcement▲ GoodMajor
Timberline closed the private placement, raising about $4.6 million from 23.1 million units - its largest capital raise since the $7.2 million round of 2007, and a striking turnaround from the $0.08/unit distress financings of 2018-2019.
What it means for a shareholder
23.1m new shares at about $0.1991 to raise about $4.6m. That's 17% dilution: every existing holder's slice gets 17% smaller. If you held $1,000 of shares (5,022 at the issue price), your slice goes from 0.00431% to 0.0036% of the company. To keep it you'd need 996 more shares - about $198 at the issue price.
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29 June 2021director interest notice● Neutral
Timberline Resources Corp 10%+ owner Crescat Portfolio Management LLC bought 1,875,000 shares on the open market.
25 June 2021director interest notice● Neutral
Timberline Resources Corp VP Corporate Development Donald James Mcdowell sold 35,000 shares.
8 June 2021director interest notice● Neutral
Timberline Resources Corp director William Fuller Matlack received a stock option grant for 200,000 shares.
21 May 2021capital raising announcement▲ Good
Timberline launched a $6 million private placement at $0.20/unit - continuing to scale up its financing as gold exploration interest and its own project portfolio (now fully-owned Lookout Mountain, still-held Paiute JV with Barrick) improved.
14 May 2021quarterly activities report▼ Bad
Timberline Resources Corp reported a quarterly net loss of $485 thousand for the period ended 2021-03-31.
13 May 2021director interest notice● Neutral
Timberline Resources Corp insider David C. Mathewson acquired 350,000 shares and disposed of 350,000 in a set of related equity transactions.
13 May 2021director interest notice● Neutral
Timberline Resources Corp Vice President, Exploration Steven A. Osterberg acquired 125,000 shares and disposed of 125,000 in a set of related equity transactions.
12 May 2021director interest notice● Neutral
Timberline Resources Corp director Pamela L Saxton received a stock option grant for 200,000 shares.
12 May 2021director interest notice● Neutral
Timberline Resources Corp CFO Ted Riley Sharp received a stock option grant for 150,000 shares.
12 May 2021director interest notice● Neutral
Timberline Resources Corp director Quinton Todd Hennigh received a stock option grant for 300,000 shares.
12 May 2021director interest notice● Neutral
Timberline Resources Corp VP Corporate Development Donald James Mcdowell received a stock option grant for 200,000 shares.
12 May 2021director interest notice● Neutral
Timberline Resources Corp insider Paul Dircksen received a stock option grant for 200,000 shares.
12 May 2021director interest notice● Neutral
Timberline Resources Corp Vice President, Exploration Steven A. Osterberg received a stock option grant for 200,000 shares.
12 May 2021director interest notice● Neutral
Timberline Resources Corp director Leigh Freeman received a stock option grant for 240,000 shares.