Annonce • Apr 15
Trek Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 15 million. Trek Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 15 million.
Security Name: CHESS DEPOSITARY INTERESTS
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 90,333,333
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Security Name: CHESS DEPOSITARY INTERESTS
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 9,666,667
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Transaction Features: Subsequent Direct Listing Annonce • Feb 17
Trek Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 15 million. Trek Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 15 million.
Security Name: CHESS DEPOSITARY INTERESTS
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 90,333,333
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Security Name: CHESS DEPOSITARY INTERESTS
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 9,666,667
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Jan 08
Independent Non-Executive Chairman recently bought AU$50k worth of stock On the 5th of January, Anthony Leibowitz bought around 700k shares on-market at roughly AU$0.072 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Anthony has been a buyer over the last 12 months, purchasing a net total of AU$83k worth in shares. Board Change • Dec 24
High number of new directors Director Andrew Reece was the last director to join the board, commencing their role in 2025. Board Change • Aug 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Neil Biddle was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Jul 08
Trek Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.5 million. Trek Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.5 million.
Security Name: Chess Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 55,000,000
Price\Range: AUD 0.05
Security Name: Chess Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 5,000,000
Price\Range: AUD 0.05
Security Name: Chess Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 10,000,000
Price\Range: AUD 0.05
Transaction Features: Subsequent Direct Listing Annonce • May 22
Trek Metals Limited, Annual General Meeting, Jul 04, 2025 Trek Metals Limited, Annual General Meeting, Jul 04, 2025. Annonce • Apr 24
Trek Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.5 million. Trek Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.5 million.
Security Name: Chess Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 65,000,000
Price\Range: AUD 0.05
Security Name: Chess Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 5,000,000
Price\Range: AUD 0.05
Transaction Features: Subsequent Direct Listing Board Change • Feb 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Neil Biddle was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 31
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Neil Biddle was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jul 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.9m (US$9.76m) 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 14% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$14.9m market cap, or US$9.76m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). New Risk • Jun 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.9m (US$9.90m) 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 14% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$14.9m market cap, or US$9.90m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Annonce • May 22
Trek Metals Limited, Annual General Meeting, Jul 04, 2024 Trek Metals Limited, Annual General Meeting, Jul 04, 2024. Recent Insider Transactions • Feb 09
Independent Non-Executive Chairman recently bought AU$60k worth of stock On the 7th of February, Anthony Leibowitz bought around 2m shares on-market at roughly AU$0.03 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Anthony has been a buyer over the last 12 months, purchasing a net total of AU$102k worth in shares. New Risk • Oct 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.3m (US$9.76m) 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$3.1m free cash flow). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m (AU$54k revenue, or US$35k). Market cap is less than US$10m (AU$15.3m market cap, or US$9.76m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). New Risk • Aug 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$3.1m free cash flow). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m (AU$54k revenue, or US$36k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$41.9m market cap, or US$27.4m). New Risk • Jun 23
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$3.1m 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$3.1m free cash flow). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m (AU$54k revenue, or US$36k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (41% increase in shares outstanding). Market cap is less than US$100m (AU$32.0m market cap, or US$21.5m). Annonce • Jun 09
Trek Metals Limited, Annual General Meeting, Jul 28, 2023 Trek Metals Limited, Annual General Meeting, Jul 28, 2023, at 11:00 W. Australia Standard Time. New Risk • Jun 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. 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 Risk Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$23.7m market cap, or US$15.8m). 