New Risk • 56m
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 42% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.1% per year over the past 5 years. Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Revenue is less than US$1m (AU$5.2k revenue, or US$3.7k). Minor Risk Market cap is less than US$100m (AU$14.7m market cap, or US$10.5m). Board Change • May 20
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Matt Gill is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Ankündigung • May 12
AKORA Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5908 million. AKORA Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5908 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,885,000
Price\Range: AUD 0.08
Transaction Features: Subsequent Direct Listing Ankündigung • Apr 30
AKORA Resources Limited, Annual General Meeting, May 29, 2026 AKORA Resources Limited, Annual General Meeting, May 29, 2026. Ankündigung • Aug 11
AKORA Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.83283 million. AKORA Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.83283 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,798,000
Price\Range: AUD 0.085
Discount Per Security: AUD 0.0051
Transaction Features: Subsequent Direct Listing Ankündigung • Apr 14
AKORA Resources Limited, Annual General Meeting, May 15, 2025 AKORA Resources Limited, Annual General Meeting, May 15, 2025. Ankündigung • Feb 24
AKORA Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.118 million. AKORA Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.118 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,180,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,000,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Transaction Features: Subsequent Direct Listing Ankündigung • Feb 04
AKORA Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.093 million. AKORA Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.093 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,930,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Transaction Features: Subsequent Direct Listing Ankündigung • Nov 22
AKORA Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.6 million. AKORA Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,615,385
Price\Range: AUD 0.13
Discount Per Security: AUD 0.0091
Transaction Features: Subsequent Direct Listing Ankündigung • Nov 20
AKORA Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.6 million. AKORA Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,615,385
Price\Range: AUD 0.13
Discount Per Security: AUD 0.0091
Transaction Features: Subsequent Direct Listing New Risk • Nov 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.1m (US$9.87m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.7m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 8.6% per year over the past 5 years. Revenue is less than US$1m (AU$20k revenue, or US$13k). Market cap is less than US$10m (AU$15.1m market cap, or US$9.87m). Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding). Reported Earnings • Sep 18
First half 2024 earnings released: AU$0.011 loss per share (vs AU$0.012 loss in 1H 2023) First half 2024 results: AU$0.011 loss per share. Net loss: AU$1.09m (loss widened 18% from 1H 2023). New Risk • Sep 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.7m free cash flow). Earnings have declined by 8.6% per year over the past 5 years. Revenue is less than US$1m (AU$20k revenue, or US$14k). Market cap is less than US$10m (AU$11.0m market cap, or US$7.37m). Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding). New Risk • Aug 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.5m (US$9.33m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m (AU$11k revenue, or US$6.8k). Market cap is less than US$10m (AU$14.5m market cap, or US$9.33m). Minor Risk Shareholders have been diluted in the past year (32% increase in shares outstanding). Ankündigung • Apr 26
AKORA Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.801 million. AKORA Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.801 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,339,999
Price\Range: AUD 0.15
Transaction Features: Subsequent Direct Listing Ankündigung • Apr 17
AKORA Resources Limited, Annual General Meeting, May 30, 2024 AKORA Resources Limited, Annual General Meeting, May 30, 2024. Agenda: To approve acquire shares. Reported Earnings • Mar 23
Full year 2023 earnings released: AU$0.018 loss per share (vs AU$0.022 loss in FY 2022) Full year 2023 results: AU$0.018 loss per share. Net loss: AU$1.59m (loss widened 6.3% from FY 2022). New Risk • Mar 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.7m free cash flow). Shares are highly illiquid. Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m (AU$572 revenue, or US$379). Market cap is less than US$10m (AU$13.8m market cap, or US$9.12m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (32% increase in shares outstanding). Ankündigung • Aug 28
AKORA Resources Limited Announces Resignation of John Madden as Director AKORA Resources Limited announced that John Madden has elected to resign as a director of the Company on 25 August 2023. Mr. Madden will continue as Chief Financial Officer and Company Secretary until 31 December 2023 when he will step down from all duties with the Company. Reported Earnings • Aug 28
First half 2023 earnings released: AU$0.012 loss per share (vs AU$0.01 loss in 1H 2022) First half 2023 results: AU$0.012 loss per share (further deteriorated from AU$0.01 loss in 1H 2022). Net loss: AU$926.5k (loss widened 37% from 1H 2022). New Risk • Aug 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.7m (US$9.40m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.6m free cash flow). Shares are highly illiquid. Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m (AU$148 revenue, or US$95.0). Market cap is less than US$10m (AU$14.7m market cap, or US$9.40m). Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding). Ankündigung • Aug 03
AKORA Resources Limited Appoints Matthew Gill as an Independent Non-Executive Director The board of AKORA Resources Limited announced the appointment of Matthew Gill as an Independent Non-Executive Director, effective 2 August 2023. Mr. Matthew Gill (B.Eng Hons-Mining, Masters-Engineering Science) is a mining engineer with over 40 years' experience. He has held various key roles in both national and international jurisdictions for reputable organizations such as Rio Tinto, Castlemaine Goldfields, WMC, Placer Pacific, Renison Goldfields and Singapore-listed LionGold Corp. Mr. Gill's technical, exploration and operational experience in metals and mining will add a broad range of skills for advancing AKORA in the next phase of the company's progression. Mr. Gill has overseen the completion of several Maiden Resource Estimates, has successfully led Pre-Feasibility Studies and Feasibility Studies and has been instrumental in the project development, establishment and operation of four mines, in Australia and internationally. Further, Mr. Gill's knowledge extends to comprehensive commodity and country experience, covering gold, silver, copper, tin, mineral sands, nickel, zinc and iron ore in Australia, Papua New Guinea, Ghana, Bolivia, USA and India. In India, he represented Rio Tinto as Project Director for the Orissa iron ore Joint Venture. Most recently, Mr. Gill was CEO and MD of White Rock Minerals Ltd, with projects in Victoria, NSW and Alaska. He brings executive management expertise, with a strong emphasis on safety, governance and risk management, in addition to a wide network in capital markets. Mr. Gill holds three First Class Metalliferous Mine Manager's Certificates of Competency. He is a three-time winner of the Australian Mine Manager of the Year Award and received the AusIMM Leadership Award in 2008. He is a Fellow of the Australian Institute of Mining and Metallurgy and, Graduate of the Australian Institute of Company Directors. Mr. Gill has also held the position of Board Member and President of the Tasmanian Minerals Council, has Chaired the Minerals Council of Australia (Victorian division) and was Deputy Chair of AMEC Victoria. Mr. Gill is also Non-executive Director of Polymetals Resources Ltd. New Risk • Jun 28
New major risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$15.6m (US$10.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.6m free cash flow). Shares are highly illiquid. Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m (AU$148 revenue, or US$99.0). Minor Risks Shareholders have been diluted in the past year (28% increase in shares outstanding). Market cap is less than US$100m (AU$15.6m market cap, or US$10.4m). Recent Insider Transactions • Jun 03
Insider recently bought AU$304k worth of stock On the 25th of May, Nicholas Axam bought around 1m shares on-market at roughly AU$0.21 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$349k more in shares than they have sold in the last 12 months. Board Change • Apr 13
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Mike Stirzaker was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Mike Stirzaker was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 15
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Mike Stirzaker was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
First half 2022 earnings released: AU$0.01 loss per share (vs AU$0.009 loss in 1H 2021) First half 2022 results: AU$0.01 loss per share (down from AU$0.009 loss in 1H 2021). Net loss: AU$674.2k (loss widened 23% from 1H 2021). Board Change • Jul 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Mike Stirzaker was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 