Past year: ▲ 43%(4.20c – 15.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
8 Dec 2020security holder rights change● Neutral
58,313,036 shares will be released from voluntary escrow on 14 December 2020. MD Neil Young holds around a third and says he has no plans to sell. The rest are held by the two co-founders and the Mongolian partners from Golden Horde, who he says reaffirmed support.
7 Dec 2020capital raising announcement▲ Good
12,457,193 listed options were exercised at 6.79c, raising $845,843. Shares on issue rise to about 733.2m, with about 77.2m listed options remaining before expiry on 31 December 2020. Exercise pace is accelerating.
3 Dec 2020drilling result▲ GoodMajor
Nomgon-2 adsorption results show fully gas-saturated lower coals, matching Nomgon-1 (the lab's remaining results still to come). Yangir 1S was abandoned at ~347 m after mechanical problems under COVID restrictions, and 2020 operations are wrapped up. A 2021 program restarts around February with a core-hole at Yangir.
27 Nov 2020capital raising announcement● Neutral
3,509,269 listed options were exercised at 6.79c, raising $238,279. Shares on issue rise to about 720.8m, with about 89.6m listed options remaining until expiry on 31 December 2020. Steady exercises continue.
24 Nov 2020capital raising announcement● Neutral
4,658,706 listed options were exercised at 6.79c, raising $316,326. Shares on issue rise to about 717.3m, with about 93.1m listed options remaining before expiry on 31 December 2020.
23 Nov 2020drilling result▲ GoodMajor
Yangir 1S, in a new sub-basin 24 km WNW of Nomgon-1, hit 27 m of coal with unusually active gas bubbling at shallow depth. Hutul 1S found 6 m of coal 19 km east, with extension or new basin undetermined. Final 2020 well may slip due to COVID.
19 Nov 2020capital raising announcement▲ Good
4,451,660 listed options were exercised at 6.79c, raising $302,268. Shares on issue rise to about 712.6m, with about 97.8m listed options remaining until expiry on 31 December 2020. Exercises are picking up.
12 Nov 2020investor presentation● Neutral
Noosa conference presentation recapping the Nomgon discovery, the 100% owned ~30,000 km2 permit and the market options. Shows cash of $2.8m at 30 September and a market cap of $85m at 12c. Says the 7.6 TCF resource will be updated soon. No new results.
9 Nov 2020capital raising announcement● Neutral
353,460 listed options were exercised at 6.79c, raising $24,000. Shares on issue rise to about 708.2m, with about 102.2m listed options left before expiry on 31 December 2020. Very small sum.
5 Nov 2020drilling result▲ Good
The Nomgon 5S re-drill reached 450 m and logged 47 m of net coal, a 7.3 km step-out from the Nomgon-1 discovery, replacing the earlier mechanically troubled hole. Hutul 1S is drilling ahead. Management says updated prospective resources, then a maiden contingent resource, will follow.
30 Oct 2020capital raising announcement▲ Good
4,701,000 listed options were exercised at 6.79c, raising $319,197. Shares on issue rise to about 707.8m, with about 102.6m listed options remaining until they expire on 31 December 2020. Continues the steady option exercises.
23 Oct 2020drilling progress report▲ GoodMajor
Nomgon-2 final gas content averages 8.6 m3/t on a dry ash free basis, close to Nomgon-1's 8.9. Nomgon 5S had mechanical problems and will be re-drilled nearby at nominal cost. A second rig spuds the Hutul 1S exploration strat-hole, 20 km east of Nomgon-1, on 24 October.
16 Oct 2020capital raising announcement▲ Good
3,876,843 listed options were exercised at 6.79c, raising $263,238. Shares on issue rise to about 703.1m, with about 107.3m listed options remaining until expiry on 31 December 2020. Small but growing cash inflow.
1 Oct 2020director officer appointment▲ GoodMajor
Anna Sloboda joins the board as a non-executive director from 1 October. She has 20+ years in corporate finance and junior resources, and experience with Chinese off-takers. Chair Cottee says it suits a company moving from explorer to developer and marketer.
29 Sept 2020capital raising announcement● Neutral
264,000 listed options were exercised at 6.79c, raising $17,626. Shares on issue rise to about 699.2m, with about 111.2m listed options remaining before they expire on 31 December 2020. Very small sum.
23 Sept 2020capital raising announcement● Neutral
704,539 listed options exercised at 6.79c raised $47,838. Also 2.5m shares issued to directors at 2c from the May placement after AGM approval. Shares on issue rise to about 699.0m; about 111.4m listed options remain.
22 Sept 2020other● Neutral
Copy of the company's new constitution, approved by shareholders on 18 September 2020. Administrative filing; the text provided shows no specific changes of substance.
18 Sept 2020other● Neutral
Proxy results cover sheet for the 2020 AGM. Contains no substance beyond the header; the vote detail appears in the AGM results announcement.
18 Sept 2020investor presentation● Neutral
AGM presentation by the managing director recapping the Nomgon discovery and appraisal program. Shows 693m shares, $97m market cap at 14c and cash of $3.3m at 30 June. Cites 7.6 TCF risked best-case prospective resource. A second exploration drilling program begins soon. No new results.
17 Sept 2020drilling spud● Neutral
A fifth appraisal strat-hole, Nomgon 5S, spudded on 16 September, added after positive results from the earlier wells. Three to four exploration strat-holes in new areas follow before year-end. Seismic is fully processed and under interpretation. Nomgon-2 lab results are still due.
15 Sept 2020capital raising announcement▲ Good
Another 2,528,407 listed options at 6.79c were exercised, raising $171,679 and lifting shares on issue to 695.8m. Listed options remaining fall to about 112.1m. A small ongoing source of cash before the options expire on 31 December 2020.
1 Sept 2020drilling result▲ Good
Final logs lift Nomgon-3S net coal to 88 m. Nomgon-4S found 35 m of coal at only 202 m depth, shallower than planned, possibly due to local thrusting. Seismic processing is nearly done, and exploration drilling is due to begin this month.
1 Sept 2020investor presentation● Neutral
Webinar presentation recapping the Nomgon-1 discovery and four appraisal wells, totalling 1,887 m drilled and 276 m of coal. It plans four exploration strat-holes. Shows 692m shares, a market cap of $111m at 16c and cash of $3.3m. No new results.
31 Aug 2020capital raising announcement▲ Good
Holders applied to exercise 2,266,919 listed options at 6.79c, paying $153,924. The managing director linked this to the recent strong share price. The company had 118.6m listed options before the exercise, and they expire on 31 December 2020.
20 Aug 2020drilling result▲ GoodMajor
Nomgon-2's main seam averages 5.3 m3/t raw gas, matching Nomgon-1, and permeability tests were significantly better, up to 640 mD.m. Strat-hole Nomgon-S3 found about 78 m of coal on the northern limb. Seismic finished, and pilot production planning for 2021 began.
3 Aug 2020other● Neutral
Appendix 4G governance checklist accompanying the annual report. Administrative filing with no new information on operations or finances.
3 Aug 2020annual report● Neutral
Annual report for the year to 30 June 2020. Covers the Nomgon-1 discovery, the May raising and Nomgon as the sole focus, and notes Bayanjargal's resignation. Summarised content repeats earlier announcements; financial statements were not visible in the text provided.
3 Aug 2020other● Neutral
Annual corporate governance statement, current at 31 July 2020. Describes board policies and notes departures from ASX recommendations suited to a small company. Administrative, no new operational information.
29 July 2020drilling result▲ GoodMajor
Nomgon-2 reached 550 m total depth, logging 91 m of net coal, 51 m in the main seam, more than Nomgon-1's 71 m. Early gas readings match Nomgon-1. Step-out strat-holes follow, starting with the northern limb. Gas and permeability figures are still to come.
15 July 2020drilling progress report● Neutral
Nomgon-2 is drilling ahead and has already hit coals, with target depth expected in two to three weeks. Seismic is 49 of 106 km complete. The announcement also re-issues the Nomgon-1 results table at ASX's request, with the 8.9 m3/t figure added.
