Past year: ▼ 74%(0.60c – 2.40c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
23 Dec 2021investor presentation● Neutral
IPO presentation for the December 2021 listing, repeating prospectus content. States a 100% working interest in EP 371, with prospective resources reported on a best-estimate basis. Nothing new beyond the prospectus.
21 Dec 2021other● NeutralMajor
Replacement prospectus for the IPO of 55 million shares at $0.20 to raise $11 million, offer closing 27 November 2021. It holds Valhalla (EP 371) via subsidiaries, with BM Canning LLC as largest shareholder; risks are flagged as highly speculative.
21 Dec 2021annual report● Neutral
Historical accounts of subsidiary Black Mountain Exploration Australia for 9 July–31 December 2019: net loss $1.182m. It paid about $14.9m in September 2019 to buy the Valhalla project from Mitsubishi's Australian arm, funded by parent BM Canning LLC.
21 Dec 2021half year report● Neutral
Historical half-year accounts of subsidiary to 30 June 2020: net loss $1.308m, no production, Valhalla still in appraisal. Funded by parent BM Canning LLC; nothing new for current shareholders.
21 Dec 2021other● Neutral
Oil and gas annexure to the listing checklist, pointing to where the prospectus covers resource estimates under SPE-PRMS standards. It notes contingent and prospective resource estimates are unrisked. Administrative; no figures given in the readable text.
21 Dec 2021annual report● Neutral
Historical 2020 accounts of subsidiary Black Mountain Exploration Australia: net loss $2.615m (2019: $1.182m), no production, Valhalla still in appraisal. An environmental referral for Valhalla exploration drilling in EP 371 was lodged on 21 January 2021.
21 Dec 2021other● Neutral
Rules of the company's employee securities incentive plan, filed as part of listing. Governing document only; no grants or amounts stated in the readable text.
21 Dec 2021other● Neutral
ASX listing information form naming Rhett Bennett as CEO and Executive Chairman, KPMG as auditor, Automic as registry, and a 31 December balance date. Administrative listing paperwork, no new commercial information.
21 Dec 2021half year report● Neutral
Historical half-year accounts of subsidiary to 30 June 2021: net loss $1.135m (2020: $1.308m), no production. The Valhalla drilling proposal remains with the environmental regulator; nothing new for current shareholders.
21 Dec 2021other● Neutral
Formal application form for admission to the ASX Official List, dated 3 November 2021, for up to 255,000,001 fully paid ordinary shares. Administrative listing paperwork with no new information beyond the admission itself.
21 Dec 2021other● Neutral
Securities trading policy, approved 14 October 2021, setting blackout periods and insider-trading rules for directors and staff. Governing document only; no commercial information for shareholders.
21 Dec 2021other● Neutral
Shareholder distribution as at 16 December 2021: 466 holders of 255,000,001 shares. BM Canning LLC holds 199,968,253 shares (78.42%); the top 20 hold 91.51%. Administrative listing disclosure.
21 Dec 2021other● Neutral
The company's constitution, effective 26 July 2021, filed as part of listing. It is a governing document with no new commercial information for shareholders.
21 Dec 2021other▲ GoodMajor
Black Mountain Energy was admitted to the ASX on 21 December 2021, with trading starting 23 December. Its IPO raised $11 million at $0.20 per share (55 million shares). 200 million existing shares are escrowed for 24 months.
21 Dec 2021other● Neutral
Confirms the IPO closed with 55m shares issued at $0.20 ($11m) and 200m shares issued to BM Canning and an affiliate for the Valhalla holding company. Also issued 20.3m options at $0.286 and 4.54m performance rights; 200m shares are escrowed 24 months.
