Past year: ▼ 48%(1.00c – 2.80c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
17 July 2006farm in farm out agreement▲ GoodMajor
Company signed a Liberty Star joint venture over Arizona uranium leases: a US$100,000 deposit paid, and it can earn 50% by committing US$2.9 million. This changes it from shell to uranium explorer, requiring a re-compliance prospectus raising at least 20 cents a share and a name change.
26 June 2006capital raising announcement● NeutralMajor
The dormant shell resolved to place 6,000,000 shares at 4 cents to raise $240,000 working capital, with a free option per share exercisable at 20 cents by 30 June 2007. Shareholder approval is needed because it exceeds 15% of capital.
21 Apr 2006agm notice● Neutral
Company confirms the 2005 annual report and notice of meeting were sent to shareholders. Administrative only; the report repeats the earlier results.
11 Apr 2006director officer appointment● Neutral
Director Gregory Bender resigned and David Roche joined the board, both effective 7 April 2006. A board change at the dormant shell, with no other detail given.
31 Mar 2006annual report● Neutral
Full 2005 annual report for the then-dormant Oriental Crystal. Directors say they sought recapitalisation but found no proposal attractive to existing shareholders. Confirms the $57,000 loss already reported in the preliminary results.
16 Mar 2006annual report▼ Bad
Preliminary results for Oriental Crystal (International) Ltd, the company that later became Xstate, for year to 31 Dec 2005: no revenue, loss of $57,000, cash $64,000 and net liabilities of $513,000 including a $550,000 convertible note. No dividend.
