Board Change • May 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Chairman Clive Duncan was the last director to join 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 independent directors. Insufficient board refreshment. New Risk • May 13
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$4.2m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m (AU$378k revenue, or US$274k). Market cap is less than US$10m (AU$13.4m market cap, or US$9.70m). Board Change • May 01
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Chairman Clive Duncan was the last director to join 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 independent directors. Insufficient board refreshment. Annuncio • Feb 25
Forrestania Resources Limited (ASX:FRS) entered into a Binding Heads of Agreement to acquire Lake Johnston Projects in Australia from Flynn Gold Limited (ASX:FG1) for AUD 0.35 million. Forrestania Resources Limited (ASX:FRS) entered into a Binding Heads of Agreement to acquire Lake Johnston Projects in Australia from Flynn Gold Limited (ASX:FG1) for AUD 0.35 million on February 25, 2026. Under the Agreement Acquisition consideration to be paid to Flynn at settlement is AUD 0.35 million via the issue to Flynn of a number of fully-paid ordinary shares in Forrestania equal to AUD 0.35 million.
Completion under the Agreement is conditional upon the satisfaction of the following conditions precedent: Completion of financial, legal and technical due diligence by the Forrestania Resources Limited on the tenements, to the absolute satisfaction of the Purchaser within a period of 10 business days from the date of the Agreement; the parties obtaining all necessary regulatory approvals or waivers pursuant to the ASX Listing Rules, Corporations Act or any other law to allow the parties to lawfully complete the matters set out in the Agreement; the parties obtaining all third-party approvals and consents, including the consent of the Minister responsible for the Mining Act, necessary to lawfully complete the matters set out in the Agreement; executing a deed of assignment and assumption in relation to each third-party agreement, and the Consideration Shares being issued by the Forrestania Resources Limited free from any escrow, holding lock, voluntary restriction agreement or other restriction on transfer under the Corporations Act or the ASX Listing. If the conditions precedent are not satisfied on or before 31 March 2026, then either Forrestania or the Flynn Gold may terminate the Agreement. Board Change • Dec 24
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Chairman Clive Duncan was the last director to join 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 independent directors. Insufficient board refreshment. Annuncio • Oct 28
Flynn Gold Limited, Annual General Meeting, Nov 26, 2025 Flynn Gold Limited, Annual General Meeting, Nov 26, 2025. Annuncio • Sep 11
Flynn Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 3.000093 million. Flynn Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 3.000093 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 86,956,522
Price\Range: AUD 0.023
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 43,482,304
Price\Range: AUD 0.023
Security Features: Attached Options
Transaction Features: Rights Offering Annuncio • Feb 27
Flynn Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 2.6 million. Flynn Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 2.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 59,904,800
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 70,095,200
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Dec 31
No independent 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. No independent directors (3 non-independent directors). Non-Executive Chairman Clive Duncan was the last director to join 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 independent directors. Insufficient board refreshment. Annuncio • Oct 22
Flynn Gold Limited, Annual General Meeting, Nov 20, 2024 Flynn Gold Limited, Annual General Meeting, Nov 20, 2024. Recent Insider Transactions • Oct 22
Insider recently bought AU$86k worth of stock On the 18th of October, Colin Bourke bought around 3m shares on-market at roughly AU$0.029 per share. This transaction amounted to 7.4% 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$342k more in shares than they have sold in the last 12 months. Annuncio • Oct 17
Flynn Gold Limited has filed a Follow-on Equity Offering in the amount of $2 million. Flynn Gold Limited has filed a Follow-on Equity Offering in the amount of $2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: At the Market Offering New Risk • Sep 21
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$4.6m 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$4.6m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (87% increase in shares outstanding). Revenue is less than US$1m (AU$96k revenue, or US$65k). Market cap is less than US$10m (AU$7.39m market cap, or US$5.03m). Recent Insider Transactions • Aug 19
Insider recently bought AU$71k worth of stock On the 14th of August, Colin Bourke bought around 3m shares on-market at roughly AU$0.026 per share. This transaction amounted to 7.1% 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$256k more in shares than they have sold in the last 12 months. New Risk • Jun 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 90% 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 (19% average weekly change). Shareholders have been substantially diluted in the past year (90% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$7.13m market cap, or US$4.74m). Annuncio • May 08
Flynn Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 2.712114 million. Flynn Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 2.712114 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 57,070,455
Price\Range: AUD 0.03
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: AUD 0.03
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,333,333
Price\Range: AUD 0.03
Transaction Features: Rights Offering Annuncio • Apr 04
Flynn Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 2.462114 million. Flynn Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 2.462114 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 57,070,455
Price\Range: AUD 0.03
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: AUD 0.03
Security Features: Attached Options
Transaction Features: Rights Offering Annuncio • Feb 28
Flynn Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 1.551 million. Flynn Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 1.551 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,341,668
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,508,335
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Transaction Features: Subsequent Direct Listing New Risk • Feb 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% 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 Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.86m market cap, or US$5.78m). Board Change • Jan 12
No independent 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. No independent directors (3 non-independent directors). Non-Executive Chairman Clive Duncan was the last director to join 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 independent directors. Insufficient board refreshment. New Risk • Dec 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% 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. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.99m market cap, or US$4.69m). Board Change • Nov 01
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. 3 non-independent directors. Non-Executive Chairman Clive Duncan was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Sep 21
Flynn Gold Limited, Annual General Meeting, Nov 15, 2023 Flynn Gold Limited, Annual General Meeting, Nov 15, 2023. Board Change • Aug 22
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Technical Director & Director Sam Garrett is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Aug 04
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Technical Director & Director Sam Garrett is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Annuncio • Jun 06
Flynn Gold Limited (ASX:FG1) agreed to acquire Firetower and Warrentinna tenements from Greatland Gold plc (AIM:GGP). Flynn Gold Limited (ASX:FG1) agreed to acquire Firetower and Warrentinna tenements from Greatland Gold plc (AIM:GGP) on June 5, 2023. The consideration comprises of - initial consideration of AUD 2 million to be satisfied by the issue of 2 million Flynn Gold shares, AUD 0.5 million upon the definition of a JORC-compliant Mineral Resource of at least 500,000 ounces of gold in aggregate within one or both of the Tasmanian Tenements (payable in cash or Flynn Gold shares, at Flynn Gold's election), AUD 0.5 million upon the issue of a permit to mine by Mineral Resources Tasmania in respect of any part of the Tasmanian Tenements (payable in cash or Flynn Gold shares, at Flynn Gold's election) and a 1% Net Smelter Royalty payable to Greatland in respect of any production from the Tasmanian Tenements. The transaction is approved by the Board of Flynn Gold Limited. The acquisition will formally complete on or around June 9, 2023. Board Change • Apr 20
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Executive Director Sam Garrett is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.