Past year: ▼ 62%(2.10c – 5.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
19 Feb 2021capital raising announcement● NeutralMajor
Greenvale plans a share purchase plan of up to $3M at $0.13 per share (23.1M shares, up to $30,000 each), a 19.63% discount to the 5-day average. Not underwritten; closes 15 March. Funds Alpha work; sale of small holdings to follow. Price is well above the 1.9c placements.
18 Feb 2021agm notice● Neutral
Link Market Services' online guide for the virtual general meeting. Administrative only, no company news.
15 Feb 2021drilling scheduled▲ GoodMajor
Greenvale starts a $1.5M three-stage drilling and bulk sampling program at Alpha (51 chip holes, 20-25 core holes, 4-6 large-diameter holes). It aims to support a first JORC resource/reserve and a pre-feasibility study by end of June 2021.
1 Feb 2021admin correction● Neutral
Addendum to the December quarterly report: $145,000 was spent on exploration in the quarter, mainly the Georgina aerial survey and Alpha consulting and field work. No mining or production activity.
27 Jan 2021quarterly activities report● Neutral
December 2020 quarter: cash $3.8M. Alpha field work slipped to January 2021 due to COVID, and a pilot retort was built. Georgina had a 15,328 line-km airborne magnetic survey, and the NDI drilling began. A permit extension (EPM 27718) was pending.
18 Jan 2021director officer appointment● NeutralMajor
Neil Biddle, interim executive director since September, becomes Managing Director at $25,000 a month, contract to 31 Dec 2021. He will lead the Alpha torbanite pre-feasibility study (targeted mid-2021). Performance rights of 15M need shareholder approval, vesting at 30-day VWAPs of $0.20-$0.40.
21 Dec 2020admin correction● Neutral
Greenvale adds a line omitted from the 2020 annual report: 242 shareholders held less than a marketable parcel at 17 September 2020. Administrative correction only.
6 Nov 2020investor presentation● Neutral
Notice of Neil Biddle's 11 November investor webinar, with slides on Alpha torbanite and Georgina IOCG. Shows 341M shares, A$17.4M market cap at $0.064 and A$4.78M cash and investments (4 Nov). Repeats known projects.
29 Oct 2020quarterly activities report▲ Good
September 2020 quarter: Gold Basin sale closed ($1M cash plus 2.5M shares, expected $992K profit) and Knox went to 100%. About $2.8M raised, with $1.29M more subject to the 27 November AGM vote, targeting roughly $4M cash by 30 November.
21 Oct 2020agm notice● Neutral
Link Market Services' online guide on how to attend, vote and ask questions at the virtual AGM. Administrative only, no company news.
2 Oct 2020agm notice● Neutral
The 2020 AGM will be held virtually at noon AEDT on 27 November 2020, with director nominations closing 8 October. This is the meeting where the conditional ~$1.29M placements await shareholder approval.
29 Sept 2020regulatory community update▲ GoodMajor
Seven Georgina IOCG exploration licences (3,180 sq km east of Tennant Creek) were granted, with two more still in negotiation with landowners. Two of the 12 National Drilling Initiative holes sit on or next to Greenvale ground; geophysics is underway and drilling is targeted for 2021.
28 Sept 2020annual report● Neutral
Appendix 4G governance checklist accompanying the annual report, pointing to the corporate governance statement on pages 15-27. Administrative only.
28 Sept 2020annual report● Neutral
2020 annual report for the year to 30 June. Chairman calls it a reset year: Gold Basin sold for $1M plus 2.5M FLO shares, Knox taken to 100%, and about $2.1M raised after year end. Further detail was truncated.
7 Sept 2020director officer appointment▲ GoodMajor
Tony Leibowitz becomes Chairman and Neil Biddle interim Executive Director ($15,000 a month); Leo Khouri steps down as chair, and Stephen Gemell resigns. The Gold Basin sale closed on 4 September. A full-time CEO is to be recruited.
1 Sept 2020asset acquisition disposition▲ Good
The Gold Basin sale became unconditional on the same terms (A$1M cash plus 2.5M FLO shares), with closing set for 4 September. Director Julian Gosse resigned from the board.
11 Aug 2020capital raising announcement▲ GoodMajor
Greenvale exercises its option to take Knox Resources to 100%. It placed 34.8M shares at 1.9c (about $661K), with about $1.29M more in applications, mostly conditional on shareholder approval, including $450K from Biddle Partners and Kalonda. Totals over $4M raised or to be raised.
What it means for a shareholder
34.8m new shares at A$0.019 to raise about A$661,000. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (52,632 at the issue price), your slice goes from 0.0225% to 0.0196% of the company. To keep it you'd need 7,838 more shares - about A$149 at the issue price.
Create a free account to see this worked out for your own holding.
10 Aug 2020asset acquisition disposition▲ GoodMajor
Greenvale agrees terms to sell its ~25% Gold Basin interest to Fiorentina Minerals for A$1M cash plus 2.5M FLO shares (four-month escrow). This ends the long ownership dispute and avoids litigation; completion still needs funds and documents.
10 Aug 2020other● Neutral
After shareholder approval at the 10 August general meeting, ASIC confirmed the name change from Greenvale Energy to Greenvale Mining Limited. ASX records are expected to update within a few days. This completes the rename flagged in June.
28 July 2020capital raising announcement● NeutralMajor
The entitlement offer closed fully allocated at $0.019 per share. Eligible shareholders took only 36.15% of the new shares plus 2.63% via shortfall; the underwriter took 61.22% (69.07M shares). Trading expected 31 July.
28 July 2020admin correction● Neutral
Greenvale clarifies that the $9,000 paid to related parties in the quarterly report was monthly fees to director Stephen Gemell. Fees for Khouri, Gosse and Fayad were accrued and not paid up to 30 June.
24 July 2020quarterly activities report● Neutral
June 2020 quarter: no field work at Alpha or Gold Basin. The Knox 80% purchase completed and the $2.1M underwritten offer prospectus was lodged. Gold Basin sale talks with Canadian-listed Fiorentina Minerals (FLO) are advanced but incomplete.
23 July 2020capital raising announcement● Neutral
The roughly $2.1M entitlement offer closed on 23 July; new shares trade on a deferred settlement basis from 24 July. It is fully underwritten by Blue Ocean Equities. Results are due 28 July.
9 July 2020capital raising announcement● Neutral
Notice to shareholders with addresses outside Australia and New Zealand that they cannot take part in the $0.019 entitlement offer. Administrative notice required by the listing rules; no new information.
9 July 2020agm notice● Neutral
Online guide explaining how to attend, vote and ask questions at the virtual general meeting via Link. Administrative only; no substance on the company's business.
9 July 2020capital raising announcement● Neutral
Letter to eligible shareholders opening the 1-for-1 entitlement offer at $0.019 to raise about $2.143M, underwritten by Blue Ocean Equities. Offer runs 9 to 23 July. Funds go to exploration at three projects, working capital and overdue directors' fees. Largely repeats the prospectus.
29 June 2020capital raising announcement▲ GoodMajor
Greenvale lodged the prospectus for its 1-for-1 entitlement offer at $0.019 per share to raise about $2.143M, fully underwritten by Blue Ocean Equities. The offer runs 9 to 23 July 2020. This is the rights issue planned since late 2019.
22 June 2020asset acquisition disposition▲ GoodMajor
Greenvale buys 80% of Knox Resources, holder of 4,475 sq km of Georgina Basin copper-gold exploration licences, for 9,473,684 shares, with the right to buy the rest for 2,368,421 shares. It also plans a 1-for-1 entitlement offer of up to $2.1M and a rename to Greenvale Mining. This is the diversification plan flagged earlier.
22 June 2020admin correction● Neutral
Greenvale corrects its 19 June update at the request of Aurum's new owner: the offer came from the owner rather than Aurum, and the buyer is listed on the Canadian Securities Exchange, not the TSXV. The joint venture has not been formed.
19 June 2020joint venture update● NeutralMajor
Greenvale received an offer from Aurum to buy its 25% economic interest in Gold Basin for cash and shares in a Canadian-listing entity. The board finds it reasonable but highly conditional and not in the company's best interests. It will keep negotiating, with capital raising as the fallback.
