Past year: ▼ 62%(2.10c – 5.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
14 Oct 2013capital raising announcement● NeutralMajor
Greenvale arranged $1.19M of convertible loans, to become $10,000 notes subject to shareholder approval at the November AGM. Notes pay 8%, convert at the lesser of 10c or 85% of the 5-day average price, and carry free 10c options. Related parties took part.
27 Sept 2013annual report● Neutral
Statutory annual report for the year to 30 June 2013. Directors remain Khouri, Lorentz and Obeid. The readable text covers only director biographies, the corporate directory and the start of the remuneration report; no financial results are visible.
10 Apr 2013investor presentation● Neutral
Company update restating the resources: Nagoorin 2,445 million barrels and Lowmead 706 million barrels in place, plus the small, very rich Alpha deposit. Market cap about $4.5M at 7c with 64.29M shares. Confirms the February 2013 moratorium lift; no new resource figures.
15 Mar 2013half year report● Neutral
Half-year to 31 December 2012: loss of $432,532 (0.72c per share) versus $481,912 a year earlier, including a $168,897 exploration writedown. Cash was $255,274 and net assets $4.89M, with no borrowings shown.
7 Mar 2013security holder rights change● Neutral
Reminder of the small holdings sale facility: holders with parcels under $500 must return a retention form by 15 March 2013 or have shares sold at a minimum 5c. Parcels worth over $500 by the selling date are excluded.
15 Feb 2013regulatory community update▲ GoodMajor
Queensland's policy change removes the oil shale moratorium from all areas where Greenvale holds tenements, allowing work on Alpha, Lowmead and Nagoorin. This resolves the moratorium thread that has held back the projects since 2008.
30 Jan 2013security holder rights change● Neutral
Small holdings sale facility set up for holders with parcels under $500 (fewer than 9,804 shares at 5.1c) at 25 January 2013. Shares are sold at a minimum 5c with the company paying brokerage, unless holders opt out by 15 March 2013.
26 Oct 2012annual report● Neutral
Shareholder-facing 2011/12 annual report, the same content as the statutory accounts lodged in September. Directors unchanged. Nothing new in the readable text.
19 Oct 2012regulatory community update● Neutral
A Right to Information request found the Queensland Government never commissioned its own oil shale report; it relied on a pilot-plant operator to provide one. Greenvale believes that report has not yet reached government, so the moratorium has no clear end date.
2 Oct 2012capital raising announcement● NeutralMajor
The call is complete: 135,579 of 7,164,172 partly paid shares were paid up, and 7,028,593 were forfeited and sold at auction at 5c each. Total raised from the call and auction is $371,766, well below the full 15c on all shares.
28 Sept 2012annual report● Neutral
Statutory 2012 annual report for the year to 30 June 2012. Directors remain Khouri, Lorentz and Obeid. The readable text covers only directors' biographies and a corporate directory; no financial results are visible.
24 Sept 2012security holder rights change● Neutral
Final redemption count was 20,200 of the 7,048,793 forfeited shares. The remainder were sold at the Sydney auction on 24 September 2012; prices were not given in this notice.
17 Sept 2012security holder rights change● Neutral
Weekly update: 17,200 forfeited shares redeemed so far out of 7,048,793. Auction still on for 24 September, with phone and absentee bidding offered.
10 Sept 2012security holder rights change● Neutral
Weekly update: of the 7,048,793 forfeited shares, only 1,700 have been redeemed. Auction still set for 24 September 2012.
7 Sept 2012security holder rights change● Neutral
7,048,793 partly paid shares were forfeited for non-payment of the 15c call. They will be auctioned as fully paid shares on 24 September 2012, unless holders redeem them by paying 15c by 21 September. Most holders did not pay.
3 Aug 2012security holder rights change● Neutral
Formal call notice for 15c per partly paid share on 7,164,172 shares, due 23 August 2012. Shares unpaid 14 days later (7 September) are forfeited and auctioned. Repeats the 20 July call; the company says it is still reviewing shale processing technologies.
20 July 2012security holder rights change● NeutralMajor
Greenvale calls the full 15 cents outstanding on partly paid shares (GRVCA), payable by 23 August 2012. Unpaid shares face forfeiture. This is the call flagged in the share purchase plan; it would bring in funds if paid.
8 May 2012capital raising announcement● NeutralMajor
Share purchase plan offered to eligible holders at 10c per share, a 15% discount to the 11.5c 20-day average, raising up to $1.5M. Each holder may apply for up to $15,000; closing 1 June 2012. Funds go to working capital; a call on partly paid shares follows.
7 May 2012other● Neutral
Compliance notice ahead of the share purchase plan. It discloses that two parties are reviewing the Alpha project (MDL 330) for a possible stake. One has given indicative conditional terms and is moving to due diligence; the other has only received data. No deal agreed.
30 Apr 2012quarterly activities report▲ GoodMajor
March 2012 quarter: Greenvale completed the Esperance acquisition, issuing 17,420,589 shares (distributed to Esperance holders). It plans a share purchase plan, a call on partly paid shares, a sale of unmarketable parcels and a loyalty option offer. Alpha data-room being compiled for partners.
14 Mar 2012half year report● Neutral
Half-year to 31 December 2011: loss of $481,912 (1.14c per share) against $240,803 a year earlier. Cash was $231,708 and net assets $2.43M. It reports the Esperance consolidation completed on 23 February 2012, with consideration shares issued.
18 Jan 2012asset acquisition disposition● Neutral
QER settled its pre-emptive purchase for $1.55 million. Greenvale shareholders approved the consolidation on 30 November 2011. Only the Esperance shareholder vote, set for 31 January 2012, remains.
29 Nov 2011admin correction▼ Bad
Esperance cancelled its 30 November 2011 meeting on the Greenvale deal. A new meeting is planned for January 2012 with a replacement prospectus. This delays the consolidation; no reason is given.
28 Nov 2011security holder rights change● Neutral
Notice that the 30c listed options (GRVO) expire 31 December 2011, with quotation ending 20 December. Options last traded at 0.5c while shares traded between 10c and 14c, so they are far out of the money.
24 Oct 2011annual report● Neutral
Published 2011 annual report, the shareholder-facing version of the accounts lodged in September. Directors are Khouri, Lorentz and Obeid. Nothing new is shown in the readable text.
13 Oct 2011regulatory community update▲ Good
Greenvale points to a press report that QER's Gladstone oil shale demonstration plant has produced oil during commissioning. QER is its partner at Lowmead and Nagoorin; Greenvale calls it a step towards commercialising its assets. Esperance vote expected 30 November 2011.
27 Sept 2011annual report● Neutral
Statutory annual accounts for the year to 30 June 2011, with Khouri as chairman and Lorentz and Obeid as directors. Only the front section was readable, with no financial figures shown. Nothing new on the Esperance deal or the projects.
20 July 2011asset acquisition disposition● Neutral
Greenvale confirms QER has fully exercised its pre-emptive rights over Lowmead and Nagoorin, and the board welcomes QER's larger stake. Full transaction documents to follow. Settles the share count question from the June deal (the minimum, 17.49m, now applies, inferred from the Esperance release).
20 July 2011asset acquisition disposition● Neutral
Esperance says Queensland Energy Resources (QER) will fully exercise its pre-emptive rights on Lowmead and Nagoorin. Esperance gets about $1.6m cash from QER and 17.5m Greenvale shares, to be distributed to its holders. Still needs both shareholder votes. Resolves the open QER question from the June deal.
22 June 2011asset acquisition disposition● Neutral
Esperance Minerals' side of the same deal: it sells its oil shale interests to Greenvale for up to about 28 million Greenvale shares, distributed to its shareholders. If QER exercises its rights, Esperance would receive about $1.6m cash and 17.5m shares.
