Past year: ▼ 62%(2.10c – 5.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
10 Apr 2014director officer appointment● Neutral
Kris Knauer appointed Non-Executive Director from 9 April 2014. A geologist turned finance adviser at Novus Capital, he is Executive Chairman of Esperance Minerals, whose Lorentz-linked history appears in earlier filings, and Chairman of Astro Resources.
11 Mar 2014half year report● Neutral
Half-year to 31 December 2013: loss of $262,421 versus $432,532 a year earlier. Gabriel Lorentz, a director for over 40 years, retired at the 21 November 2013 AGM; Baird joined as executive director. Strategic review continues, with QER winding up its demonstration plant.
29 Jan 2014quarterly activities report● Neutral
December 2013 quarter: Baird and the board are reviewing acquisition proposals and expect to pick one or two to appraise. Partner QER is ending its Gladstone demonstration plant early 2014 and seeking investors for a 6,000 barrel a day pilot plant. Resource figures to be re-reviewed under new reporting rules.
30 Oct 2013quarterly activities report● Neutral
September 2013 quarter: the small holdings sale was completed and proceeds distributed. The $1.19M convertible loans and Baird's appointment are reported, with the AGM set for 21 November 2013. A geological consultant was engaged to compile Alpha data towards a JORC resource.
22 Oct 2013annual report● Neutral
Shareholder copy of the 2013 annual report, the same content as the statutory accounts lodged on 27 September. Directors unchanged in the readable text; nothing new.
15 Oct 2013director officer appointment▲ GoodMajor
UK-based Stephen Baird appointed Executive Director from 14 October 2013, mandated to commercialise the oil shale projects and expand the portfolio. His first-year $60,000 pay is via a convertible loan; performance rights of up to 8M shares depend on market cap targets from $30M to $200M.
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.
29 July 2013quarterly activities report● Neutral
June 2013 quarter: approaches are still under review and the small holdings sale is still awaiting a buyer. The company says it needs new capital and is in talks with capital providers, wanting to avoid unnecessary dilution. Tenure status unchanged.
30 Apr 2013quarterly activities report● Neutral
March 2013 quarter: moratorium lifted; unsolicited approaches from technology providers and management groups are being reviewed. Small holdings sale is being progressed. MDL 234 was granted in late October 2012 for 5 years; Lowmead and Alpha renewals are still pending.
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.
31 Jan 2013quarterly activities report● Neutral
December 2012 quarter: small holdings sale announced, minimum 5c, closing 15 March 2013. The company believes the oil shale report has recently gone to the Queensland Government but has not seen it. Lowmead and Nagoorin remain in care and maintenance; Alpha partner information is being compiled.
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.
25 Oct 2012quarterly activities report● Neutral
September 2012 quarter: the call and auction raised $371,766, with forfeited shares sold at 5c. A sale of small holdings is next. Moratorium findings repeated; Lowmead, Nagoorin and Alpha unchanged, with renewals and MDL 234 still pending.
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.
31 July 2012quarterly activities report● Neutral
June 2012 quarter: the share purchase plan drew applications for 1,480,000 new shares, well short of the up to $1.5M offered at 10c. The 15c call on partly paid shares follows, then a sale of small holdings. Lowmead and Nagoorin remain in care and maintenance; MDL 234 grant is still awaited.
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.
