Past year: ▲ 43%(4.20c – 15.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
11 Mar 2021half year report● Neutral
Half-year to 31 December 2020: net loss of $990,638 (prior period $1.21m loss) and cash of $9.2m, up from $3.3m at June 2020. The 2021 work program has been approved by the regulator, including a planned pilot production test.
8 Mar 2021drilling spud▲ Good
The Yangir-2 core-hole spudded on 6 March, starting the 2021 field program. It follows Yangir 1S, which found 27 m of visibly bubbling coal in 2020. Mongolia has eased COVID restrictions. Results are still to come.
18 Feb 2021price query● Neutral
ASX queried a jump in Elixir's price from 17c to 23c with heavy volume on 18 February. The company said it knew of no undisclosed information and pointed to its 15 February 2021 work program (13 wells, 200 km seismic, pilot test) as the explanation.
15 Feb 2021investor presentation▲ Good
Presentation of the 2021 work program: 13 wells, 200 km of 2D seismic and one pilot production test starting in the second half of 2021, subject to approvals. Cash was $9.37m at 31 December 2020. The maiden contingent resource will focus on the Nomgon sub-basin.
29 Jan 2021quarterly activities report▲ Good
December quarter report: option exercises put $8m into the bank, which management says fully funds the work program. 2021 plans about 15 wells, 200 km of seismic and Mongolia's first pilot production test. Elixir also won a Mongolian 'Best Investor of 2020' award. No new drilling results.
22 Jan 2021other● Neutral
1,158,846 shares issued to pay an advisor's fee, lifting shares on issue to about 811.2m. 1,250,000 incentive options (10c, expiring 2023) held by a former director were cancelled. Minor housekeeping.
5 Jan 2021capital raising announcement▲ GoodMajor
The final 5,949,622 listed options were exercised at 6.79c, raising $403,979; 392,424 expired unexercised on 31 December. Shares on issue are about 810.0m. The option exercise campaign closes having raised about $8.02m in total.
31 Dec 2020capital raising announcement▲ Good
10,096,906 listed options exercised at 6.79c, raising $685,580. Shares on issue rise to about 804.0m, with about 6.3m options left on the final day. Total raised from exercises is about $7.62m.
29 Dec 2020capital raising announcement▲ Good
23,128,772 listed options exercised at 6.79c, raising $1,570,444. Shares on issue rise to about 794.0m, with about 16.4m options left. Total raised from exercises is about $6.93m. Option trading on ASX has stopped ahead of expiry.
23 Dec 2020capital raising announcement▲ Good
20,827,365 listed options exercised at 6.79c, raising $1,414,178. Shares on issue rise to about 770.8m, with about 39.6m options left before 31 December expiry. Total raised from exercises is about $5.39m.
21 Dec 2020capital raising announcement▲ Good
1,650,914 listed options exercised at 6.79c, raising $112,097. Shares on issue rise to about 750.0m, with about 60.4m listed options left before expiry on 31 December 2020. Total raised from exercises is about $3.95m.
15 Dec 2020security holder rights change● Neutral
Reminder notice to holders that listed options (6.79c) expire 31 December 2020. Shares last traded at 11.5c on 11 December. Repeats Neil Young's earlier comments on escrowed shares and no plans to sell. No new information.
14 Dec 2020capital raising announcement▲ Good
15,104,593 listed options were exercised at 6.79c, raising $1,025,602. Shares on issue rise to about 748.3m, with about 62.0m listed options remaining before expiry on 31 December 2020. Total raised from option exercises reaches about $3.8m.
9 Dec 2020resource reserve update▲ GoodMajor
Independent auditor ERCE lifts Nomgon IX prospective resources for the first time since exploration began. Unrisked best case rises to 48 Tcf, and the risked best case rises 92% to 14.6 Tcf from 7.6 Tcf in 2018. Chance of success is now 30%. A maiden contingent resource is still to come.
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.
28 Oct 2020quarterly activities report▲ Good
September quarter report restating Nomgon-2 (91 m net coal, 8.6 m3/t DAF) and the 106 km seismic. Options exercised in the quarter total 7.4m, with over $1m received to date. Directors took 2.5m shares at 2c ($50k). Drilling continues to year-end. Cottesloe bond remains unresolved.
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.
