Annuncio • Apr 24
Basin Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 1.1 million. Basin Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 1.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 44,000,000
Price\Range: AUD 0.025
Transaction Features: Subsequent Direct Listing New Risk • Mar 06
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$2.0m 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$2.0m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$5.17m market cap, or US$3.61m). Annuncio • Sep 26
Basin Energy Limited, Annual General Meeting, Nov 18, 2025 Basin Energy Limited, Annual General Meeting, Nov 18, 2025. New Risk • Sep 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% 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 Share price has been highly volatile over the past 3 months (38% average weekly change). Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.63m market cap, or US$4.34m). Annuncio • Aug 28
Basin Energy Limited (ASX:BSN) agreed to acquire Neodys Ltd. Basin Energy Limited (ASX:BSN) agreed to acquire Neodys Ltd on August 27, 2025. The consideration consists of 18.48 million common equity of Basin Energy Limited to be issued for common equity of Neodys Ltd. Basin Energy Limited will pay an performance rights in three tranches, which will vest and become convertible into Basin shares upon the satisfaction of milestones. As part of consideration, an undisclosed value is paid towards common equity of Neodys Ltd.
The transaction is subject to subject to shareholder approval. Annuncio • Aug 27
Basin Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 1.25 million. Basin Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 1.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 31,750,000
Price\Range: AUD 0.025
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 18,250,000
Price\Range: AUD 0.025
Transaction Features: Subsequent Direct Listing New Risk • Jun 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. 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$4.7m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$1.97m market cap, or US$1.28m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Annuncio • Apr 02
Basin Energy Limited Expands Geikie Athabasca Uranium Project Basin Energy Limited announced that two additional claims consisting of 22.3 km2 have been added to the Geikie Uranium Project, bringing the total project area to 373.1 km2. Mineral claims MC00022218 and MC00022219 are contiguous to the Preston Creek prospect where 2024 drilling outlined a large-scale hydrothermal system within a complex structural corridor with uranium anomalism. Additional mineral claims MC00022218 and MC00022219 were acquired through staking via the Saskatchewan Government mineral disposition process and have been added to the existing earn-in agreement between Basin and CanAlaska Uranium Limited (`CanAlaska'). The Company entered into an earn-in agreement with CanAlaska dated 22 April 2022 pursuant to which CanAlaska granted the Company the exclusive right and option to acquire an 80% interest in mineral claims comprising the Geikie Project over a three-staged earn-in, subject to the terms and conditions contained within the Geikie earn-in agreement. The additional two mineral claims are now included as part of this agreement and subject to the same terms. Basin currently holds a 60% interest in the Geikie Project. Preston Creek: Preston Creek drilling in 2024 highlighted an area of extensive alteration along a complex fault zone with uranium anomalism detected. Drill core observations showed all the key ingredients required for the formation of high-grade basement-hosted uranium mineralisation and suggest that the previously identified gravity low in the Preston Creek target7 area is related to a broad hydrothermal fluid system2. The current drill spacing in the southern portion of the Preston Creek prospect is between 80 to 115 metres with only one drillhole fully testing the gravity anomaly correlated to the pervasive alteration intersected in GKI-014 and GKI-016. An additional 1.5 km of prospective strike length of gravity anomalism remains untested to the northeast extending into the newly staked claims. New Risk • Mar 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor 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$4.7m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$1.84m market cap, or US$1.16m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Annuncio • Jan 18
Basin Energy Limited (ASX:BSN) completed the acquisition of Normetco AS. Basin Energy Limited (ASX:BSN) entered into a binding agreement to acquire Normetco AS for AUD 2.59 million on October 31, 2024. The acquisition includes prospective portfolio with projects located in Sweden and Finland. As part of the consideration, Basin will issue 18,479,694 shares and 4,619,924 options and also pay deferred payment of AUD 2 million cash or stock in 2 tranches. The transaction is subject to Basin Energy Limited shareholder's approval all third-party consents, waivers or regulatory approvals. On 15 January 2025, Basin Energy Limited (the Company) issued a total of 18,479,694 fully paid ordinary shares (Shares) to vendors of Normetco AS, as part of an acquisition announced on October 31, 2024.
Basin Energy Limited (ASX:BSN) completed the acquisition of Normetco AS on January 16, 2025. The acquisition was approved by shareholders at the 2024 Annual General Meeting. New Risk • Oct 02
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$5.6m 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$5.6m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$3.34m market cap, or US$2.30m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Annuncio • Sep 26
Basin Energy Limited, Annual General Meeting, Nov 20, 2024 Basin Energy Limited, Annual General Meeting, Nov 20, 2024. Board Change • Jun 30
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non Executive Director Peter Bird is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Jun 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$8.66m market cap, or US$5.76m). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (28% increase in shares outstanding). Annuncio • Feb 03
Basin Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 3.339188 million. Basin Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 3.339188 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,869,923
Price\Range: AUD 0.16
Discount Per Security: AUD 0.0096
Transaction Features: Subsequent Direct Listing New Risk • Jan 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. 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$3.9m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (AU$15.9m market cap, or US$10.4m). New Risk • Sep 10
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$3.9m 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$3.9m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.53m market cap, or US$5.44m). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (15% average weekly change). Annuncio • Aug 29
Basin Energy Limited, Annual General Meeting, Oct 25, 2023 Basin Energy Limited, Annual General Meeting, Oct 25, 2023. Board Change • Oct 10
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non Executive Director Peter Bird is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 04
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 