Past year: ▼ 62%(2.10c – 5.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
13 Oct 2021security holder rights change● Neutral
Greenvale issued 6.8M Class 2 performance rights, including 5M to CEO Matthew Healy as flagged on 22 July. They vest at $0.50-$0.70 30-day VWAP targets with service periods of one to three years. Completes part of the July proposal.
8 Oct 2021admin correction● Neutral
Re-release of the 22 September Alpha commercialisation announcement, adding JORC Table 1 Section 2 that was omitted. No new information beyond the original.
30 Sept 2021annual report● Neutral
2021 annual report: the year included the Gold Basin sale (profit $1.036M), full ownership of Georgina and a new CEO. Cash was about $9.8M at year end. The Alpha feasibility study is expected by March 2022. Restates known events.
30 Sept 2021other● Neutral
Corporate governance statement and Appendix 4G, approved 29 September 2021, describing compliance with ASX governance recommendations. The board has no separate committees given its size. Administrative, no operational or financial news.
22 Sept 2021drilling spud● NeutralMajor
Maiden drilling and a 12,618 line-km airborne survey have started at Georgina. The campaign is four exploration holes at 'Twin Peaks' plus a water bore. First drilling on Greenvale's own Georgina ground; no results yet.
22 Sept 2021other▲ GoodMajor
Greenvale outlines an updated Alpha commercialisation plan adding a 100MW solar and gas hybrid power station feeding the grid. 25 sighter retort tests show torbanite yielding up to 65% synthetic hydrocarbons, cannel coal about 42%. Maiden JORC resource is targeted for late 2021.
6 Sept 2021drilling scheduled● NeutralMajor
Georgina's maiden drilling is set for about 15 September, with four diamond holes planned at the 'Twin Peaks' targets, where gravity anomalies now coincide with magnetic ones. The Alpha feasibility study slips to March 2022 after COVID-related border delays; earlier guidance was late 2021.
29 July 2021quarterly activities report● Neutral
June 2021 quarter: Alpha core drilling finished and retort testing began, with the feasibility study on track for late 2021/early 2022. Georgina's drilling is set for the September quarter. Cash was $9.86M; Gold Basin Resources shares sold for A$720,036.
29 July 2021quarterly activities report● Neutral
Cash flow report for June 2021 quarter: cash of $9.854M at quarter end, no debt, and $1.221M of operating and exploration outflows. The company estimates about 8 quarters of funding at this spend rate.
23 July 2021security holder rights change● Neutral
The unmarketable parcel facility closed: 120 shareholders holding 52,339 shares did not opt out, and a broker will sell them on market. This cuts the shareholder register by about 8%. Completes the process begun in June.
22 July 2021security holder rights change● Neutral
Board proposes issuing 18M performance rights to directors, executives and staff, vesting at share prices of $0.50-$0.70. Director grants need shareholder approval. These include the rights for new CEO Healy announced on 16 July.
16 July 2021director officer appointment▲ GoodMajor
Matthew Healy, an exploration manager at Round Oak Minerals for nine years, becomes CEO from 1 September 2021 on $300,000 a year plus performance rights vesting at $0.50-$0.70 share prices. He will oversee Georgina drilling and Alpha's development.
28 June 2021director officer appointment▲ Good
Dagmar Parsons, a mining and oil and gas executive with over 25 years' experience, joined the board as non-executive director from 28 June 2021, to support Alpha's progress.
28 June 2021drilling result▲ GoodMajor
Alpha core drilling is complete: 62 holes, 2,195m, on time and on budget. Greenvale will skip the planned pre-feasibility study and go straight to a definitive feasibility study, due late 2021, saving time. This changes the earlier mid-2021 PFS timetable.
28 June 2021other● Neutral
Greenvale released its revised securities trading policy after adopting a revised corporate governance plan on 24 June 2021. Governance paperwork only, with no operational or financial substance.
16 June 2021admin correction● Neutral
Routine cleansing notice for 1,000,000 shares issued on 15 June 2021 on exercise of unlisted options. No new company information.
7 June 2021regulatory community update▲ GoodMajor
Greenvale won two NT Government co-funding grants for Georgina. A 911-station ground gravity survey starts within weeks, an airborne survey follows, and the maiden drill program, previously July/August, is now scheduled for August. Two magnetic targets sit about 300m deep.
2 June 2021security holder rights change● Neutral
Greenvale opened its unmarketable parcel sale facility for holdings under $500 (fewer than 1,887 shares at $0.265). Holders must return a retention form by 17 July 2021 or shares are sold. Follows the new constitution adopted in March.
18 May 2021investor presentation● Neutral
Neil Biddle's presentation for investor luncheons on 18-20 May, covering Alpha and Georgina. It shows 393M shares, a $0.21 price and $82.5M market cap (11 May), and $10.21M cash and investments. Repeats known projects.
17 May 2021price query● Neutral
ASX queried a rise in GRV's price from $0.25 to $0.29 on heavy volume. Greenvale answered that it knew of no undisclosed information and pointed to Neil Biddle's upcoming investor presentations. It said it is complying with Listing Rule 3.1.
30 Apr 2021admin correction● Neutral
Routine cleansing notice for 15,900,000 shares issued on 30 April: the 15M placement shares plus 900,000 adviser fee shares announced on 26 April. Administrative only.
26 Apr 2021capital raising announcement▲ GoodMajor
Greenvale placed 15M shares at $0.20 to a single institutional investor, about $3M, lifting cash to over $10M. The adviser Evolution gets 900,000 shares and 4M options at $0.35. The price is well above the $0.13 SPP price.
What it means for a shareholder
15.0m new shares at A$0.200 to raise about A$3.0m. That's 3.8% dilution: every existing holder's slice gets 3.8% smaller. If you held A$1,000 of shares (5,000 at the issue price), your slice goes from 0.00133% to 0.00128% of the company. To keep it you'd need 199 more shares - about A$40 at the issue price.
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26 Apr 2021quarterly activities report▲ Good
March 2021 quarter: 49 of 51 planned open holes drilled at Alpha (3,027m) and seams look more extensive than thought; 45-hole core program underway. The maiden JORC resource awaits retort results. Georgina's first drilling is brought forward to July.
26 Apr 2021admin correction● Neutral
Routine cleansing notice for 1,000,000 shares issued on 26 April on exercise of unlisted options. No new company information.
23 Mar 2021security holder rights change● Neutral
Shareholders passed a special resolution at the 23 March general meeting adopting a new constitution. The text includes a minimum-shareholding clause covering sale of small holdings, consistent with the planned unmarketable parcel sale. The announcement gives no other substance.
18 Mar 2021capital raising announcement▲ GoodMajor
The share purchase plan drew about $6.4M of applications at $0.13 and was upsized to $4.5M (from $3M), issuing ~34.6M shares (about 10.1% of shares on issue) with scale-backs. Cash is expected to reach ~$8M, funding Alpha and faster Georgina exploration.
16 Mar 2021half year report● Neutral
Half-year to 31 December 2020: profit of $462,102 (against a $203,974 loss a year earlier) and net assets of $6.33M (June 2020: $2.35M). Director Vincent Fayad retired 27 November 2020. Subsequent events repeat the SPP and EPM 27718.
8 Mar 2021drilling result▲ Good
Preliminary government-funded NDI drilling results (10 deep holes, ~4,000m) show geology suited to large copper-gold deposits near Greenvale's 4,475 sq km Georgina tenements; two holes lie adjacent. Greenvale is still reviewing the data. No drilling on its own ground yet.
26 Feb 2021capital raising announcement● Neutral
The share purchase plan opens, offering eligible shareholders up to $30,000 of shares at $0.13, targeting up to $3M and closing 15 March. The booklet says small holdings will be sold after closing. Continues the 19 February announcement.
24 Feb 2021regulatory community update▲ GoodMajor
Exploration permit EPM 27718 was granted for five years from 15 February 2021, 100% owned via Alpha Resources. It covers possible northwest-southeast extensions of the Alpha torbanite beyond MDL 330 and keeps competitors away.
