Annonce • Jan 16
Atrum Coal Limited Announces Company Secretary Changes Atrum Coal Limited announced that Ms. Priyamvada (Pia) Rasal has been appointed as Company Secretary, effective 14 January 2025. Ms. Rasal, an employee of Automic Group (the Company's corporate secretarial provider) will replace Mr. Hasaka Martin as Company Secretary with effect from 14 January 2025. Annonce • Nov 14
Atrum Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 5.795682 million. Atrum Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 5.795682 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,448,920,380
Price\Range: AUD 0.004
Discount Per Security: AUD 0.0002
Transaction Features: Rights Offering Annonce • May 03
Atrum Coal Limited, Annual General Meeting, May 31, 2024 Atrum Coal Limited, Annual General Meeting, May 31, 2024, at 09:00 E. Australia Standard Time. Agenda: To consider Adoption of Remuneration Report; to consider Re-election of Anita Perry as Director; to consider Election of Michael Fry as Director; to consider Change in Directors' Fees; and to transact such other business matters. Annonce • Mar 28
Atrum Coal Limited Announces Board Changes Atrum Coal Limited advised of the appointment of Michael Fry as an Independent Non-Executive Director to the Company's Board. Kelvin Flynn has tendered his resignation as a Non-Executive Director of the Company effective 31 March 2024. The Board thanks Kelvin for his strong contribution to the Company and wish him well in his future endeavours. Michael Fry holds a Bachelor of Commerce degree from the University of Western Australia. He has extensive corporate and commercial expertise, as well as financial and capital market knowledge, including corporate treasury management, specialising in the identification of risk management strategies. Michael has been involved in the direction and management of a diverse range of ASX listed oil and gas exploration and production companies with interests in Australia, South Africa and the United States of America, as well as other resource focused companies in the position of non-executive Director and Chairman. Michael is currently the Non-Executive Chairman of ASX listed Brookside Energy Limited and until recently Non-Executive Chairman of Technology Metals Australia Limited, prior to the recent merger with Australian Vanadium Limited. Annonce • Feb 02
Atrum Coal Limited has completed a Follow-on Equity Offering in the amount of AUD 5.015132 million. Atrum Coal Limited has completed a Follow-on Equity Offering in the amount of AUD 5.015132 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 564,446,954
Price\Range: AUD 0.004
Discount Per Security: AUD 0.0002
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 689,336,084
Price\Range: AUD 0.004
Discount Per Security: AUD 0.0002
Transaction Features: Rights Offering Annonce • Dec 19
Atrum Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 5.015132 million. Atrum Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 5.015132 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,253,783,038
Price\Range: AUD 0.004
Discount Per Security: AUD 0.0002
Transaction Features: Rights Offering Annonce • Oct 12
Atrum Coal Limited Announces Changes in Company Secretary Atrum Coal Limited announced that Mr. Hasaka Martin has been appointed as Company Secretary, effective immediately. Mr. Martin, an employee of Automic Group (the Company's corporate secretarial provider) will replace Ms Nova Taylor as Company Secretary with effect from today. Ms Taylor has resigned from her role to undertake opportunities outside of Automic Group. Annonce • Jun 29
Atrum Coal Limited Announces CFO Changes Atrum Coal Limited announced that the Company's CFO, Mr. Jayram Hosanee, has resigned effective from 1 July 2023. The Company also announced that Patricia Penney has been appointed as CFO effective from 1 July 2023 and the terms of her appointment align with the Atrum's ongoing cost optimization measures. Patricia Penney is a Chartered Professional Accountant (CPA, CA) with over 20 years of accounting and audit experience. Patricia is currently the Interim CFO for Fortune Minerals Limited, a Canadian exploration and mining Company. Patricia has been in this position since June 2020, and prior to that she was the Controller, and has been with Fortune Minerals Limited for 10 years. Prior to joining Fortune, she worked at Caceis Canada Ltd., an asset servicing and fund administration company, as a Senior Manager. Recent Insider Transactions • Mar 11
Insider recently bought AU$122k worth of stock On the 9th of March, Jay Hughes bought around 21m shares on-market at roughly AU$0.0058 per share. This transaction amounted to 19% 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$487k more in shares than they have sold in the last 12 months. Board Change • Jan 05
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Non-Executive Chairman Glen Koropchuk is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 16
Insider recently bought AU$94k worth of stock On the 14th of November, Jay Hughes bought around 16m shares on-market at roughly AU$0.0058 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$141k. Insiders have collectively bought AU$365k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Oct 28
Insider recently bought AU$141k worth of stock On the 26th of October, Jay Hughes bought around 20m shares on-market at roughly AU$0.007 per share. This transaction amounted to 28% 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$264k more in shares than they have sold in the last 12 months. Board Change • Apr 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Richard Barker is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Nov 24
No longer forecast to breakeven The analyst covering Atrum Coal no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$1.77m in 2023. New forecast suggests the company will make a loss of AU$10.5m in 2023. Executive Departure • Aug 03
Non-Executive Director Charles Fear has left the company On the 27th of July, Charles Fear's tenure as Non-Executive Director ended after 3.9 years in the role. As of March 2021, Charles still personally held 7.80m shares (AU$406k worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.75 years. Breakeven Date Change • Jun 24
Forecast breakeven pushed back to 2025 The analyst covering Atrum Coal previously expected the company to break even in 2023. New forecast suggests the company will make a profit of AU$142.3m in 2025. Average annual earnings growth of 75% is required to achieve expected profit on schedule. Executive Departure • Apr 01
Independent Non-Executive Chairman Charles Blixt has left the company On the 25th of March, Charles Blixt's tenure as Independent Non-Executive Chairman ended after 3.6 years in the role. As of December 2020, Charles personally held 2.10m shares (AU$599k worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • Mar 31
Independent Non-Executive Director has left the company On the 26th of March, George Edwards' tenure as Independent Non-Executive Director ended after 3.6 years in the role. As of December 2020, George personally held 1.40m shares (AU$399k worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • Mar 30
Independent Non-Executive Chairman Charles Blixt has left the company On the 26th of March, Charles Blixt's tenure as Independent Non-Executive Chairman ended after 3.6 years in the role. As of December 2020, Charles personally held 2.10m shares (AU$599k worth at the time). A total of 3 executives have left over the last 12 months. Is New 90 Day High Low • Jan 25
New 90-day low: AU$0.26 The company is down 10.0% from its price of AU$0.29 on 28 October 2020. The Australian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 24% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: AU$0.27 The company is down 13% from its price of AU$0.31 on 07 October 2020. The Australian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 20% over the same period. 