Past year: ▲ 1131%(11.5c – 2.07 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
22 Feb 2021drilling result▲ GoodMajor
Phase 1 metallurgical tests on Hualilan skarn at SGS give gold recoveries of 91-94% and silver 84-86% by gravity plus flotation, versus about 80% in historical testing. Resolves the pending Phase 1 results; Phase 2 and intrusion testing follow.
11 Feb 2021drilling result▲ GoodMajor
Gap Zone intrusion holes return 227m at 1.0 g/t AuEq (GNDD-113A), 209m at 1.1 g/t and 207.5m at 0.8 g/t. The company says the intrusion-hosted system now spans 2km of strike and the Gap Zone footprint has doubled. Many southern assays still pending.
8 Feb 2021other● Neutral
Invitation to a Broker Briefing investor webinar on 11 February 2021, presented by the Managing Director. No new information.
2 Feb 2021drilling result▲ GoodMajor
Full results for GNDD-157 give 130.8m at 2.5 g/t AuEq, confirming a new high-grade zone in intrusives south of the Magnata Fault, with visible gold in outcrop up-dip. Defines a block 500m along strike and 400m deep, open in all directions. Two rigs refocus on it.
29 Jan 2021drilling result▲ GoodMajor
Hualilan drilling finds a new high-grade zone below the Sentazon Manto (GNDD-142: 40.5m at 6.2 g/t AuEq) and 12m at 20.9 g/t south of the Magnata Fault (GNDD-157). Mineralisation now reaches about 500m depth. 27,000m of 45,000m is drilled and 67 holes await assay.
11 Dec 2020drilling result▲ Good
Colorado V channel sampling and historical core returned 248m at 0.5 g/t AuEq in ZK16-2 and 112m at 0.6 g/t AuEq in the Humedo adit, on the flanks of two 1km soil anomalies. Grades rise toward the undrilled centres, with drilling planned early 2021.
23 Nov 2020drilling result▲ Good
New Hualilan results outside the historical resource, including 44m at 3.6 g/t AuEq (GNRC-110) and 27m at 3.9 g/t (GNRC-107), with two new high-grade skarn zones. About 16,000m of the 45,000m program is done; follow-up uses three rigs on skarn, two on intrusion.
23 Nov 2020investor presentation● Neutral
AGM presentation restating Hualilan (earning up to 75%, historical 627koz at 13.7 g/t), Ecuador (earning up to 100%) and the five-rig 45,000m drill program. Readable text shows no new results or figures.
13 Nov 2020other● Neutral
Company lodges a revised Trading Policy under Listing Rule 12.9, setting rules on when directors, senior staff and connected persons may buy or sell company securities. Administrative notice with no bearing on projects or funding.
30 Oct 2020drilling result▲ GoodMajor
First six holes into the Hualilan intrusion confirm a large intrusion-hosted gold system over at least 1km, including 39m at 5.5 g/t gold (5.7 AuEq) and 61m at 1.2 g/t AuEq. This confirms the earlier GNDD-025 and 032 discovery and extends it 300m into the Gap Zone.
21 Oct 2020annual report● Neutral
2020 annual report to shareholders. Chairman notes the share price rose from A$0.03 to a high of A$0.28 and A$26.5m was raised since the July 2019 relisting. Five rigs are drilling at Hualilan. Largely restates known results.
21 Oct 2020annual report● Neutral
Appendix 4G corporate governance checklist lodged with the annual report, stating the governance statement is current at 21 October 2020. Administrative, no substance.
19 Oct 2020investor presentation● Neutral
October company update presentation describing the company as fully funded, with Hualilan (earning 75%) and El Guayabo/Colorado V (earning up to 100%), repeating earlier drill results. Readable text shows no new information.
14 Oct 2020other● Neutral
Notice that the Managing Director will present at the Broker Briefing digital investor event on 19 October 2020. No new information.
30 Sept 2020drilling result▲ GoodMajor
Surface mapping and rock chips at Colorado V show high-grade gold across almost 2km of strike, including 14.4 g/t gold and 10.2 g/t gold with 498 g/t silver. The company says this lifts the potential strike of its bulk gold system from 500m to 2.5km; no drilling yet.
28 Sept 2020asset acquisition disposition▲ GoodMajor
CEL renegotiates to buy 100% of the El Guayabo concession now, for 18m shares issued 5 July 2021, instead of 180m earn-in shares after A$5m of spending. Saves two years of earn-in spending. Shareholder approval is required, to be sought at the AGM.
11 Sept 2020annual report● Neutral
Statutory annual financial report for the year to 30 June 2020, with directors' report, accounts and auditor's report (HLB Mann Judd). Directors are Quinn, Knauer and Funston. Readable text shows no financial figures, so impact is not stated here.
2 Sept 2020investor presentation● Neutral
Mines and Money Global corporate presentation restating Hualilan (earning up to 75%, historical 627koz at 13.7 g/t), El Guayabo/Colorado V (earning up to 100%) and the 45,000m drill program. It states cash of A$21.5m at 31 July 2020. No new results.
1 Sept 2020drilling result▲ GoodMajor
First hole into the Sanchez Zone (GNRC-068) returned 69m at 4.8 g/t AuEq from near surface, including 27m at 11.4 g/t, described as one of the top three Hualilan intercepts. A Sentazon step-out hit 2.9m at 40.3 g/t AuEq, and porphyry target strike extends to 1.5km.
21 Aug 2020resource reserve update▲ GoodMajor
New Colorado V assays from the edges of two 1km gold-copper soil anomalies led CEL to report a JORC Exploration Target of 442-468 million tonnes at 0.5-1.0 g/t gold. It is conceptual only, with no resource defined. Company compares the area to the Cangrejos project 5km away.
11 Aug 2020drilling scheduled▲ GoodMajor
Hualilan drilling program expanded from 35,000m to 45,000m at no extra cost, which the company attributes to lower contractor rates. Two new rigs are drilling, with five to six expected on site, and about 6,000m a month planned over the next 7-8 months. A ground magnetics survey shows new targets.
5 Aug 2020drilling result▲ Good
Assays for the bottom half of discovery hole GNDD-025 lift its intercept to 88m at 0.94 g/t gold, ending in mineralisation. The 1km intrusion-hosted target is now bracketed by 116m at 1.2 g/t AuEq and 88m at 1.0 g/t AuEq; it is still conceptual until drilled between.
31 July 2020investor presentation● Neutral
Corporate presentation for the 31 July shareholder webinar, restating Hualilan (earning 75%) and El Guayabo/Colorado V (earning up to 100%) and recent drilling results. Readable text shows no new information.
29 July 2020drilling result▲ GoodMajor
Hole GNDD-035 hit 5.75m at 11.5 g/t gold-equivalent in high-grade skarn, extending Cerro Norte 100m south to 400m of strike. The company says Cerro Norte holds about half of the historical resource and that the skarn is open south into the Gap Zone.
28 July 2020other● Neutral
Invitation to an investor webinar with the Managing Director on 31 July 2020. No new information.
27 July 2020admin correction● Neutral
Drill hole GNDD-032 at Hualilan intersected 116 metres at 1.2 g/t AuEq (1.1 g/t gold, 4.0 g/t silver, 0.2% zinc) from 49 metres, including zones of 9.9 and 10.7 g/t AuEq. It lies 1km south of discovery hole GNDD-025 and extends the intrusion-hosted gold target.
27 July 2020drilling result▲ GoodMajor
Hualilan hole GNDD-032 hit 116m at 1.2 g/t gold-equivalent in porphyry, 1km south of the GNDD-025 discovery hole. This extends the new intrusion-hosted gold target to 1km of strike, and includes 6m at 10.2 g/t AuEq. Later corrected by an addendum.
16 July 2020investor presentation● Neutral
Equity raising presentation dated 14 July 2020 supporting the placement (A$20m at 20c, per the same-day release). Readable text is disclaimers only, with no new information.
16 July 2020capital raising announcement▲ GoodMajor
Placement raises A$20m through 100m shares at 20c, a 13% discount to the last close. Funds a 35,000m Hualilan drilling program and 5,000m at Colorado V; a maiden JORC resource is targeted this calendar year. Directors intend to take up A$335,000 more, subject to approval.
What it means for a shareholder
100m new shares at A$0.200 to raise about A$20.0m. That's 19% dilution: every existing holder's slice gets 19% smaller. If you held A$1,000 of shares (5,000 at the issue price), your slice goes from 0.00115% to 0.000935% of the company. To keep it you'd need 1,149 more shares - about A$230 at the issue price.
Create a free account to see this worked out for your own holding.
8 July 2020drilling result▲ GoodMajor
Hualilan hole GNDD-025 found a new style of gold in dacite porphyry between Cerro Sur and Cerro Norte: 50m at 1.4 g/t gold, including 37m at 1.8 g/t. The company says it could substantially increase scale; the target is conceptual, with assays pending.
