Past year: ▲ 0%(0.40c – 0.40c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
29 Aug 2022registration revoked▼ BadMajor
New Standard was removed from the ASX official list from close of trading on 26 August 2022 for not paying its 2022/23 annual listing fees. Its shares had been suspended since October 2019, and the announcement gives no information on any exit or trading arrangement for holders.
22 Aug 2022listing compliance notice▼ BadMajor
ASX lists New Standard among already-suspended companies that have not paid 2022/23 annual listing fees. Unless paid by 26 August 2022, it will be removed from the official list. This repeats the 2021 fee warning, which the company then evidently got past.
31 Dec 2021agm notice● Neutral
Shareholders told the 2021 AGM will be held virtually on 31 January 2022 at 10.30am Perth time. No paper notice will be posted; proxies are due by 29 January 2022. Administrative notice.
3 Nov 2021agm notice● Neutral
Board says the 2021 AGM will be held by no later than 31 January 2022, citing ASIC guidelines. Administrative notice.
29 Oct 2021quarterly activities report▼ Bad
September quarter: cash fell to $39,000 from $64,000, after $64,000 of operating outflow and $39,000 shown as borrowings proceeds. Environmental management plan still only being considered; rehabilitation depends on funding. Shares remain suspended; search for a replacement for director Lin begins.
27 Sept 2021admin correction● Neutral
Corporate governance checklist (Appendix 4G) lodged with the 2021 annual report, pointing to pages 12-17 and the company website. Administrative form with no new information.
27 Sept 2021annual report● Neutral
2021 annual report: year-end cash $63,140, no borrowings, directors' fees still suspended. Environmental audit report went to DMIRS in March 2021. Goals remain a major new project, a major capital raise, resuming ASX trading and continued rehabilitation. Notes the death of director Xiaoning Lin.
7 Sept 2021director officer appointment▼ Bad
Non-executive director Xiaoning Lin, appointed in 2019, has died following a car accident. The board extended condolences. No replacement is mentioned.
23 Aug 2021listing compliance notice▼ BadMajor
ASX lists New Standard among already-suspended companies that failed to pay annual listing fees for 2021/22. Unless paid by 27 August 2021, it will be removed from the official list.
30 July 2021quarterly activities report▼ Bad
June quarter: cash $64,000, with quarterly operating outflow of $53,000. The company is still only considering an environmental management plan. Rehabilitation remains unfunded and shares stay suspended with no relisting date.
30 Apr 2021quarterly activities report● Neutral
March quarter: cash $117,000. A site inspection report was delivered to DMIRS, and the company is considering an environmental management plan. Rehabilitation remains subject to funding. Shares stay suspended.
16 Mar 2021half year report● Neutral
Half-year to 31 December 2020: cash $163,529, no debt, directors' fees still suspended. Site inspections found conditions as expected and an environmental audit report is under preparation. Financial statements are not in the text provided.
29 Jan 2021quarterly activities report● Neutral
December quarter: cash $164,000. Site visits in October and November 2020 found conditions generally as expected, and findings went to DMIRS. An environmental audit report is due next quarter. The AGM was held 30 November 2020.
30 Oct 2020agm notice● Neutral
Shareholders told the 2020 AGM will be held virtually on 30 November 2020 because of COVID-19. No paper notice will be posted; proxies are due 28 November. Administrative notice.
30 Oct 2020quarterly activities report● Neutral
September quarter: cash $256,000. EP481 shows as expired. Rehabilitation site visits to Carnarvon and Canning basins are planned for the December quarter. Shares stay suspended with no relisting date.
30 Oct 2020annual report● Neutral
2020 annual report: cash $292,424, no borrowings. Goals are a new major project, a major capital raise, resuming ASX trading and starting rehabilitation. A rehabilitation provision (stated as $970,690 for 2019) was retrospectively booked, resolving the earlier audit qualification.
30 Oct 2020admin correction● Neutral
Corporate governance checklist lodged with the 2020 annual report, pointing to pages 11-16 and the company website. Administrative form with no new information.
30 Sept 2020other▼ Bad
Unaudited accounts for the year to 30 June 2020 released, with the audit lodgement extended under ASIC COVID-19 relief. They show a loss of $361,832, cash $292,424 and a $1,045,480 rehabilitation provision, with the 2019 comparatives restated.
18 Aug 2020regulatory community update▼ BadMajor
The company chose not to renew EP481, which has expired, leaving it with no exploration permits. Unlike EP482, which DMIRS refused, this was the company's own decision. Rehabilitation of the old well sites continues.
30 July 2020quarterly activities report● Neutral
June quarter: cash $292,000. An external environmental consultant was engaged and DMIRS talks continue, but the site visit is still not done. Shares remain suspended with no relisting date.
29 Apr 2020quarterly activities report▼ Bad
March quarter: cash $349,000. The rehabilitation site visit, rescheduled to March 2020, could not happen due to coronavirus restrictions and no new date is set. Shares remain suspended with no relisting date.
13 Mar 2020half year report● Neutral
Half-year to 31 December 2019: cash $401,855, no debt, directors' fees still suspended since February 2015. Company continues to review new opportunities and work with DMIRS on rehabilitation. Financial statements are not in the text provided; the rehabilitation liability booking is not shown.
30 Jan 2020quarterly activities report● NeutralMajor
December quarter: a $400,000 placement at 0.6c was completed, lifting shares to 888.7m and cash to about $402,000. The rehabilitation site visit slipped to early 2020; shares stay suspended with no relisting date, and EP482 has lapsed.
15 Nov 2019agm notice● Neutral
AGM results: all seven resolutions passed on a show of hands, including the remuneration report, re-election of directors Kunfang Liu and Ming Li, election of Xiaoning Lin, and a placement of up to $2 million. Routine meeting outcome.
31 Oct 2019quarterly activities report▼ Bad
September quarter: cash about $97,000 and Sundance shares $40,432. EP482 has lapsed, leaving EP481 as the only permit. Final rehabilitation quotes are expected in November 2019. The shares are suspended with no relisting date.
14 Oct 2019listing compliance notice▼ BadMajor
ASX suspended the company's shares immediately. They stay suspended until it shows it can reliably estimate its rehabilitation obligations, has the financial capacity to meet them, and complies with Listing Rule 12.2.
14 Oct 2019regulatory community update▼ BadMajor
DMIRS refused the renewal of EP482, so the permit has expired, leaving EP481 as the only exploration permit. This resolves the open EP482 renewal thread against the company. Rehabilitation continues and project talks are not yet disclosable.
11 Oct 2019listing compliance notice▼ Bad
Replying to ASX about the auditor's qualified opinion, the company says it has not booked a rehabilitation liability because site visits are needed first. Visits are planned for November 2019, with a liability to be booked in the December 2019 half-year. Project discussions are not yet disclosable.
30 Sept 2019annual report● Neutral
2019 annual report: cash $210,623, no debt. Goals are a major new project, resumed Western Australian exploration, starting rehabilitation and a major capital raise. Sundance shares worth about $32,000. Murcia Pestell Hillard is listed alongside BDO as auditor. A qualified audit opinion is referred to in later ASX correspondence.
30 Sept 2019admin correction● Neutral
Corporate governance checklist lodged with the 2019 annual report, pointing to the governance statement on pages 14-19 and the company website. Administrative form with no new information.
