Annuncio • Apr 13
Jameson Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.955 million. Jameson Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.955 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 52,000,000
Price\Range: AUD 0.055
Discount Per Security: AUD 0.0033
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,727,273
Price\Range: AUD 0.055
Discount Per Security: AUD 0.0033
Transaction Features: Subsequent Direct Listing Annuncio • Dec 11
Jameson Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.45 million. Jameson Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.45 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,750,000
Price\Range: AUD 0.06
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,750,000
Price\Range: AUD 0.06
Transaction Features: Subsequent Direct Listing Annuncio • Dec 02
Jameson Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. Jameson Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: AUD 0.06
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: AUD 0.06
Transaction Features: Subsequent Direct Listing Annuncio • Oct 27
Jameson Resources Limited, Annual General Meeting, Nov 25, 2025 Jameson Resources Limited, Annual General Meeting, Nov 25, 2025. New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. 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 Earnings have declined by 30% per year over the past 5 years. Revenue is less than US$1m (AU$45k revenue, or US$29k). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (AU$74.6m market cap, or US$49.3m). Annuncio • Aug 20
Jameson Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.5 million. Jameson Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 98,372,000
Price\Range: AUD 0.035
Discount Per Security: AUD 0.00175
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,628,000
Price\Range: AUD 0.035
Discount Per Security: AUD 0.00175
Transaction Features: Subsequent Direct Listing Annuncio • May 26
Jameson Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3.5 million. Jameson Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 98,400,000
Price\Range: AUD 0.035
Discount Per Security: AUD 0.00175
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,600,000
Price\Range: AUD 0.035
Discount Per Security: AUD 0.00175
Transaction Features: Subsequent Direct Listing New Risk • Apr 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.3m (US$9.51m) 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$6.1m free cash flow). Shares are highly illiquid. Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Revenue is less than US$1m (AU$45k revenue, or US$28k). Market cap is less than US$10m (AU$15.3m market cap, or US$9.51m). New Risk • Mar 15
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$6.1m 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$6.1m free cash flow). Shares are highly illiquid. Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Revenue is less than US$1m (AU$45k revenue, or US$28k). Minor Risk Market cap is less than US$100m (AU$22.6m market cap, or US$14.3m). New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 40% 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 Shares are highly illiquid. Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Revenue is less than US$1m (AU$8.4k revenue, or US$5.3k). Minor Risk Market cap is less than US$100m (AU$21.4m market cap, or US$13.3m). Annuncio • Oct 29
Jameson Resources Limited, Annual General Meeting, Nov 26, 2024 Jameson Resources Limited, Annual General Meeting, Nov 26, 2024. New Risk • Oct 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% 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 Shares are highly illiquid. Earnings have declined by 29% 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 (AU$8.4k revenue, or US$5.7k). Minor Risk Market cap is less than US$100m (AU$34.8m market cap, or US$23.7m). Board Change • May 16
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. 1 highly experienced director. MD, CEO & Director Michael Gray was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 01
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. 1 highly experienced director. MD, CEO & Director Michael Gray was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 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$5.0m 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$5.0m free cash flow). Shares are highly illiquid. Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m (AU$8.2k revenue, or US$5.5k). Market cap is less than US$10m (AU$11.3m market cap, or US$7.49m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). New Risk • Jan 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% 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 Shares are highly illiquid. Earnings have declined by 36% per year over the past 5 years. Revenue is less than US$1m (AU$5.1k revenue, or US$3.4k). Market cap is less than US$10m (AU$13.5m market cap, or US$9.07m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Annuncio • Dec 09
Jameson Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.99 million. Jameson Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.99 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 44,222,222
Price\Range: AUD 0.045
Transaction Features: Subsequent Direct Listing New Risk • Nov 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.7m (US$9.94m) 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$4.7m free cash flow). Shares are highly illiquid. Earnings have declined by 36% per year over the past 5 years. Revenue is less than US$1m (AU$5.1k revenue, or US$3.2k). Market cap is less than US$10m (AU$15.7m market cap, or US$9.94m). Annuncio • Oct 23
Jameson Resources Limited, Annual General Meeting, Nov 27, 2023 Jameson Resources Limited, Annual General Meeting, Nov 27, 2023, at 10:01 E. Australia Standard Time. Agenda: To consider Adoption of Remuneration Report; to consider Re-election of director Mr Steve van Barneveld; to consider Grant of Long Term Incentive Options to Mr Michael Gray; and to consider Approval of Listing Rule 7.1A Mandate. New Risk • Sep 30
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$4.7m 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$4.7m free cash flow). Shares are highly illiquid. Earnings have declined by 36% per year over the past 5 years. Revenue is less than US$1m (AU$5.1k revenue, or US$3.3k). Minor Risks Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (AU$20.0m market cap, or US$12.8m). New Risk • Sep 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Risks Shares are highly illiquid. Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m (AU$1.5k revenue, or US$950). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (AU$18.0m market cap, or US$11.6m). Annuncio • Oct 29
Jameson Resources Limited, Annual General Meeting, Nov 28, 2022 Jameson Resources Limited, Annual General Meeting, Nov 28, 2022, at 14:00 E. Australia Standard Time. Agenda: To consider Financial Statements and Reports; to consider adoption of Remuneration Report; to consider re-election of director Ms. Nicole Hollows; to consider renewal of Shareholder Approval of Employee Incentive Plan; to consider grant of Long Term Incentive Options to Mr. Michael Gray; to consider approval of Listing Rule 7.1A Mandate; to consider renewal of Proportional Takeover Provisions in the Constitution; and to consider general Amendments to Constitution; and to transact other business. Annuncio • May 03
Jameson Resources Limited Confirms the Environmental Authority (Aa) Application for the Crown Mountain Hard Coking Coal Project Jameson Resources Limited confirmed that the Environmental Authority (EA) Application for the Crown Mountain Hard Coking Coal Project (the Project) has been submitted to the Impact Assessment Agency of Canada (IAAC) for review. The finalisation of the EA Application for submission is the culmination of more than four years of detailed data collection and intensive technical evaluation to assess the potential and cumulative effects on the local and regional environment that may result from the development, operation, closure and rehabilitation of the Project. The EA Application has concluded that the Project provides substantial employment, community development and economic benefits to the local, regional, Provincial and Federal economies and that any potential adverse environmental impacts can be eliminated, mitigated or offset. The Project is being jointly assessed by Provincial and Federal Regulators and the EA Application has been developed to meet the comprehensive requirements detailed in Application Information Requirements issued by the British Columbia Environmental Assessment Office (EAO) and the EIS Guidelines issued by IAAC. Following submission of the EA, the Application will be subject to a Completeness Review by IAAC prior to the commencement of a public comment period and technical review by EAO and IAAC, First Nations groups and other key stakeholders. The duration of the assessment and review process is dependent upon the extent of any subsequent Information Requests and ongoing engagement with stakeholders. Jameson is committed to being an ESG Leader among steelmaking coal developers and that commitment includes ensuring a thorough transparent assessment process and deep engagement with Regulators and stakeholders. Following submission of the EA Application, Jameson will continue to undertake extensive engagement with Indigenous Nations groups, municipal, regional, Provincial and Federal Government representatives, regional community, recreational groups and other stakeholders. Annuncio • Jan 18
Jameson Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.856 million. Jameson Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.856 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,800,000
Price\Range: AUD 0.07
Discount Per Security: AUD 0.0035
Transaction Features: Subsequent Direct Listing Annuncio • Nov 24
Jameson Resources Limited announced that it expects to receive AUD 2.856 million in funding Jameson Resources Limited announced a private placement of 40,800,000 shares at AUD 0.07 per share for gross proceeds of AUD 2,856,000 on November 24, 2021. The transaction will include participation from existing sophisticated, professional and institutional investors. The transaction will be completed in two tranches. The company will issue 39,300,000 shares for the proceeds of AUD 2,750,000 under the Company's existing placement capacity under ASX Listing Rule 7.1. Tranche 1 New Shares are expected to be issued on December 9, 2021. The company will issue 1,500,000 shares for the proceeds of AUD 105,000 to Directors Nicole Hollows and Michael Gray. The transaction is subject to shareholder approval for the issue of the Tranche 2 New Shares at the Company's Annual General Meeting to be held on Friday, 14 January 2022 and if approved, they will be settled and issued shortly thereafter. Reported Earnings • Sep 07
Full year 2021 earnings released Full year 2021 results: Net loss: AU$841.4k (down AU$946.5k from profit in FY 2020). Annuncio • Aug 13
Jameson Resources Limited Announces Crown Mountain Project Yield Optimisation Study Results Jameson Resources Limited reported the key results of the Yield Optimisation Study for the Crown Mountain Hard Coking Coal Project (`Project') in British Columbia, Canada. The Yield Optimisation Study builds upon the Bankable Feasibility Study completed in July 2020 which confirmed that the Project represents a compelling high quality hard coking coal development opportunity with a competitive operating and capital cost structure, with access to existing common user rail and port infrastructure. Crown Mountain Coking Coal Project is a potential low-cost, high-quality, open cut hard coking coal mine located adjacent to two existing hard coking coal mines within the Elk Valley in British Columbia. The Project is owned by Jameson's Canadian Subsidiary, NWP Coal Canada Ltd. (`NWP') that is 77.8% owned by Jameson and 22.2% by Bathurst Resources Limited. A Bankable Feasibility Study ("BFS") completed in July 2020 confirmed that Crown Mountain represents a compelling high quality hard coking coal development opportunity with a competitive operating and capital cost structure and access to existing common user rail and port infrastructure. The 9-July-2020 ASX announcement relating to the BFS noted there were a number of optimisation opportunities which could further improve the positive economics of the Project. These included: Yield Optimisation; Increased Coal Handling and Processing Plant (CHPP) Utilisation; Review of CHPP Capital costs through Chinese procurement and/or modular design; Contract mining or mobile equipment leasing; Consideration of potential Build-Own-Operate-Transfer options for the CHPP and associated infrastructure; Further exploration in Southern Extension area to upgrade current 24mt Inferred Resource to Measured and Indicated resources. Annuncio • Jul 15
Jameson Resources Limited Provides Update on Crown Mountain Project - Bathurst Resources Limited Jameson Resources Limited welcomed the announcement by Bathurst Resources Limited, its partner in the Crown Mountain Project, in relation to the New Zealand Supreme Court decision to uphold Bathurst's appeal against the case brought against Bathurst by L&M Coal Holdings Ltd.; Jameson and Bathurst are shareholders in NWP Coal Canada Limited (NWP) which owns the Crown Mountain Hard Coking Coal Project located in the Elk Valley, British Columbia, Canada; As confirmed by the Bankable Feasibility Study completed in July 2020, the project is one of the most attractive hard coking coal development projects in the world due to its premium quality hard coking coal quality, its location within an established production area, close proximity to existing infrastructure and competitive cost structure; Bathurst has to date committed CAD 14.1 million to the evaluation of the Crown Mountain Project, gaining 22.2% ownership of NWP, including 2.2% held as preference equity. Bathurst and Jameson are funding the Project up until the receipt of permits and Final Investment Decision (FID) in proportion to common equity shareholding, being 20% and 80% respectively; Bathurst has the option to achieve 50% common equity shareholding in NWP if at FID, Bathurst, at its sole discretion, elects to contribute a further CAD 107.4 million to project development; NWP is working to finalise the Environmental Assessment for submission to Regulators. All technical assessment required for the EA has now been completed and following completion of a regulatorily required step in the ongoing engagement with key First Nations groups, it is expected the EA will be submitted to Provincial and Federal Regulators for review during the September Quarter; and In parallel, with this engagement, NWP is progressing peer review of the Draft EA and extensive engagement and site visits with a range of stakeholder groups and Regulators. Price Target Changed • Jan 04
Price target lowered to AU$0.14 Down from AU$0.53, the current price target is provided by 1 analyst. The new target price is 27% above the current share price of AU$0.11. As of last close, the stock is down 41% over the past year. Annuncio • Oct 10
Jameson Resources Limited Announces Secretary Changes Jameson Resources Limited advises of the resignation of Ms. Pennee Osmond as Company Secretary and the appointment of Ms Lisa Dalton. The Board would like to thank Ms Osmond for her service with Jameson over the last ten years as a consultant and more recently Company Secretary and wishes her every success with her future endeavors. The Board welcomes the appointment of Ms Lisa Dalton to the position of Company Secretary. Lisa is an accomplished lawyer, governance professional, senior executive and leader with over 20 years' experience in the mining, energy, construction, manufacturing, medical and agricultural sectors. Lisa has extensive experience encompassing complex business restructuring, initial public offerings, mergers and acquisitions and responding to take-over approaches, strategic planning and implementation, all facets of governance, risk and compliance, human resources, strategy development, corporate communications and change management. Lisa is currently Chairman of Second Skin Pty Ltd, a non-executive director of Healthia Limited and Company Secretary of PWR Holdings Limited and Sunwater Limited. Lisa is a fellow of the Australian Institute of Company Directors and the Chartered Governance Institute. Annuncio • Jul 20
Jameson Resources Limited announced that it expects to receive AUD 4.7478 million in funding from AustralianSuper Pty. Ltd. and other investors Jameson Resources Limited (ASX:JAL) announced a private placement of 39,565,000 shares at AUD 0.12 per share for gross proceeds of AUD 4,747,800 on July 20, 2020. The transaction will include participation from existing investors including AustralianSuper Pty. Ltd. for AUD 1,000,000, which will increase its shareholding from 14.00% to 14.97%. The transaction is expected to close on or about July 28, 2020, pursuant to the company’s existing 15% placement capacity under ASX Listing Rule 7.1.