2 June 2021director interest notice● Neutral
Coronado Global Resources Inc. Group Chief Financial Officer Ziems Gerhard bought 7,069 shares on the open market at $3.50.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
26 May 2021substantial holder notice● Neutral
Coronado Group LLC disclosed a new substantial Coronado Global Resources Inc. shareholding (51.60% of votes).
14 May 2021debt financing▲ GoodMajor
Coronado's refinancing closed: escrowed note proceeds plus the equity raise proceeds were released and used to fully repay and terminate the Westpac syndicated facility, ending the covenant-waiver crisis that had run since May 2020.
14 May 2021director interest notice● Neutral
Coronado Global Resources Inc. 10%+ owner Coronado Group LLC bought 7,198,036 shares on the open market at $3.47.
10 May 2021quarterly activities report▼ Bad
Coronado Global Resources Inc. reported quarterly revenue of $424.3 million and a net loss of $55.1 million for the period ended 2021-06-30.
4 May 2021capital raising announcement● NeutralMajor
Coronado priced $350 million of 10.750% Senior Secured Notes due 2026 at 98.122% of face value - a high coupon that reflected the company's weakened credit standing after a year under covenant waiver.
4 May 2021capital raising announcement▲ GoodMajor
Coronado agreed an underwriting deal for a pro rata entitlement offer to existing CDI holders, issuing about 29.26 million shares as CDIs (each CDI is 1/10 of a share). It expected about $100 million gross proceeds and about $4 million in commissions.
28 Apr 2021capital raising announcement▲ GoodMajor
Coronado launched a complete refinancing to escape its distressed Westpac facility: a new $350 million secured notes offering plus a new $100 million asset-based revolving facility plus at least $100 million of new equity, with proceeds earmarked to fully repay and terminate the Westpac syndicated facility that had been under covenant waiver since 2020.
20 Apr 2021quarterly activities report▼ Bad
Coronado Global Resources Inc. reported quarterly revenue of $376.1 million and a net loss of $41.0 million for the period ended 2021-03-31.
15 Apr 2021agm notice● Neutral
Coronado Global Resources Inc. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
25 Feb 2021quarterly activities report▼ Bad
Coronado Global Resources Inc. reported quarterly revenue of $376.1 million and a net loss of $41.0 million for the period ended 2021-03-31.
12 Feb 2021substantial holder notice● Neutral
AustralianSuper Pty Ltd disclosed a new substantial Coronado Global Resources Inc. shareholding (8.10% of votes).
10 Nov 2020quarterly activities report▼ Bad
Coronado Global Resources Inc. reported quarterly revenue of $376.4 million and a net loss of $41.8 million for the period ended 2020-09-30.
21 Oct 2020quarterly activities report▼ Bad
Coronado Global Resources Inc. reported quarterly revenue of $376.4 million and a net loss of $41.8 million for the period ended 2020-09-30.
20 Oct 2020securities registration● Neutral
Coronado Global Resources Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
21 Sept 2020securities registration● Neutral
Coronado Global Resources Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
15 Sept 2020director interest notice● Neutral
Coronado Global Resources Inc. director Pritchard Greg bought 909 shares on the open market at $4.40.
15 Sept 2020director interest notice● Neutral
Coronado Global Resources Inc. director Koeck William bought 977 shares on the open market at $4.40.
3 Sept 2020director interest notice● Neutral
Coronado Global Resources Inc. director Koeck William bought 7,950 shares on the open market.
27 Aug 2020director interest notice● Neutral
Coronado Global Resources Inc. Group Chief Financial Officer Ziems Gerhard bought 33,436 shares on the open market.
17 Aug 2020capital raising announcement▼ BadMajor
With Coronado already under a covenant waiver on its Westpac facility since May 2020, lenders agreed to extend that waiver further - but only on condition the company raise new equity to pay down the facility; Coronado launched a $180 million share offering (institutional placement plus entitlement offer) to satisfy that condition and avoid the waiver lapsing.
17 Aug 2020director interest notice● Neutral
Ziems Gerhard became a Coronado Global Resources Inc. Group Chief Financial Officer and company insider (initial ownership filing).
11 Aug 2020quarterly activities report▼ Bad
Coronado Global Resources Inc. reported quarterly revenue of $376.4 million and a net loss of $41.8 million for the period ended 2020-09-30.
10 Aug 2020quarterly activities report▼ Bad
Coronado Global Resources Inc. reported quarterly revenue of $376.4 million and a net loss of $41.8 million for the period ended 2020-09-30.
10 Aug 2020quarterly activities report▼ Bad
Coronado Global Resources Inc. reported quarterly revenue of $376.4 million and a net loss of $41.8 million for the period ended 2020-09-30.
13 July 2020quarterly activities report▼ Bad
Coronado Global Resources Inc. reported quarterly revenue of $304.3 million and a net loss of $114.3 million for the period ended 2020-06-30.
7 July 2020securities registration● Neutral
Coronado Global Resources Inc. registered a securities offering with the SEC using its shelf eligibility.
25 June 2020director interest notice● Neutral
Davis Michael Lawrence became a Coronado Global Resources Inc. director and company insider (initial ownership filing).
23 June 2020production update▼ BadMajor
Coronado expected a non-cash impairment of about $60-70 million on its idled Greenbrier mine, as met coal prices and demand were weak. It also said FY20 saleable production should be 16.5-17 million tonnes after most US mines restarted on 1 June.
15 May 2020agm notice● Neutral
Coronado Global Resources Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).