Past year: ▲ 67%(0.60c – 1.40c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
20 Feb 2019listing compliance notice▼ Bad
ASX queried the December 2018 quarter report: cash of $38,000, operating outflow of $166,000 and expected next-quarter outflow of $100,000. It asked whether Sagalio can keep funding operations, warning of possible suspension. Continues the recurring cash warnings; no reply is included.
1 Oct 2018other● Neutral
Routine corporate governance checklist for the year ended 30 June 2018, pointing to the annual report and website. No operational or financial news.
23 Jan 2018director officer appointment● Neutral
Zheng Lu joined the board on 23 January 2018, while He Chuan and Steven Hodgson ceased as directors the same day. Zheng Lu holds no securities. This follows the April 2017 board change, leaving a reshaped board.
9 Oct 2017listing compliance notice▼ BadMajor
ASX questioned Sagalio over a qualified audit opinion on its FY2017 accounts: the auditor could not confirm all Kyrgyz cash payments and expenses were recorded. ASX asked whether the company's financial condition still justifies listing. A negative flag; no reply is included.
2 Oct 2017other● Neutral
Routine corporate governance checklist for the year ended 30 June 2017, pointing to the annual report and website. No operational or financial news.
13 Apr 2017director officer appointment● Neutral
Harry King Hap Lee left the board and Zhang Baoliang was appointed director on 13 April 2017. Neither holds company securities according to the notices.
22 Feb 2017listing compliance notice▼ Bad
Responding to another ASX cash query (December 2016 quarter: cash $171,000, outflow $221,000), Sagalio repeated it is not raising funds from shareholders, with directors to support if required. Same position as November 2016.
24 Nov 2016listing compliance notice▼ Bad
Replying to a second ASX cash query (September 2016 quarter: cash US$177,000, nil product receipts), Sagalio said it will not raise funds from shareholders for now; directors will provide extra support if needed. Test oil sales were booked as investing inflows on auditor advice.
3 Oct 2016other● Neutral
Routine corporate governance checklist for the year ended 30 June 2016, pointing to the annual report and website. No operational or financial news.
3 Oct 2016other● Neutral
Corporate governance statement for FY2016. The board has four directors: executive Dr Louis Yang, a substantial shareholder, and three non-executives. Administrative disclosure with no new operational or financial information.
18 Feb 2016listing compliance notice▼ Bad
ASX queried Sagalio's December 2015 quarterly report, which showed cash of $189,000 and a $454,000 quarterly operating cash outflow, and asked whether it can keep funding operations. It flags possible suspension if no reply. A funding warning for shareholders.
1 Oct 2015other● Neutral
Routine corporate governance checklist for the year ended 30 June 2015, pointing to the company website. No operational or financial news.
1 Sept 2015drilling result▲ GoodMajor
Consultant MHA reports on the first eight development wells in the Marleysu East Yizbaskent oilfield, Kyrgyzstan. Seven wells found oil in Layer III; five were producing by 30 May 2015. Sagalio holds 60% of these wells, partner Kyrgyzneftegaz 40%. Layers V and VII are untested.
