New Risk • Jun 29
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 Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Revenue is less than US$1m (AU$163k revenue, or US$112k). Market cap is less than US$10m (AU$6.65m market cap, or US$4.59m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Annuncio • Jun 22
West Cobar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.051146 million. West Cobar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.051146 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 61,832,116
Price\Range: AUD 0.017
Discount Per Security: AUD 0.00102
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Jun 12
West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.051146 million. West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.051146 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 61,832,116
Price\Range: AUD 0.017
Discount Per Security: AUD 0.00102
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • May 20
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 Lincoln Liu was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 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 Lincoln Liu was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
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 Mark Bolton was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Nov 03
West Cobar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. West Cobar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 68,181,818
Price\Range: AUD 0.022
Discount Per Security: AUD 0.00132
Transaction Features: Subsequent Direct Listing Annuncio • Sep 24
West Cobar Metals Limited, Annual General Meeting, Nov 21, 2025 West Cobar Metals Limited, Annual General Meeting, Nov 21, 2025. Annuncio • Jun 06
West Cobar Metals Limited (ASX:WC1) completed the acquisition of Tenement E28/2513 in the Fraser Range, Western Australia from IGO Newsearch Pty Ltd. West Cobar Metals Limited (ASX:WC1) signed an asset sale agreement to acquire Tenement E28/2513 in the Fraser Range, Western Australia from IGO Newsearch Pty Ltd. on March 5, 2025. In consideration for the transfer of its interests in the tenement E28/2513, West Cobar Metals Limited will issue to IGO Newsearch Pty Ltd. a total of AUD 5 million unlisted options in West Cobar Metals Limited with an exercise price of 8c and expiry of 3 yrs from issue. A Net Smelter Royalty held by Loded Dog is currently in place with respect to E28/2513 at a rate of 1.5% for gold and 1% for all other minerals.
The transaction is subject to approval of offer by acquirer shareholders and obtaining consent from and entry into deeds of covenant with Loded Dog and with the Ngadju native title organisation in relation to E28/2513. The expected completion of the transaction is August 28, 2025.
West Cobar Metals Limited (ASX:WC1) completed the acquisition of Tenement E28/2513 in the Fraser Range, Western Australia from IGO Newsearch Pty Ltd. on June 6, 2025. Annuncio • May 09
West Cobar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.503473 million. West Cobar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.503473 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,222,958
Price\Range: AUD 0.016
Discount Per Security: AUD 0.00096
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,244,125
Price\Range: AUD 0.016
Discount Per Security: AUD 0.00096
Transaction Features: Subsequent Direct Listing Annuncio • Mar 07
West Cobar Metals Limited (ASX:WC1) signed an asset sale agreement to acquire 70% stake in E28/2528, E28/2529 and E28/2595 Tenements from IGO Newsearch Pty Ltd. for AUD 0.2 million. West Cobar Metals Limited (ASX:WC1) signed an asset sale agreement to acquire 70% stake in E28/2528, E28/2529 and E28/2595 Tenements from IGO Newsearch Pty Ltd. for AUD 0.2 million on March 5, 2025. The consideration consists of 10 million common equity of West Cobar Metals Limited to be issued for assets of E28/2528, E28/2529 and E28/2595 Tenements. West Cobar Metals Limited will also issue to IGO Newsearch Pty Ltd. a total of AUD 5 million unlisted options in West Cobar Metals Limited with an exercise price of 8c and expiry of 3 yrs from issue. In addition, IGO Newsearch Pty Ltd. will be granted a 1.5% Net Smelter Royalty over West Cobar Metals Limited’s share of production revenue from the E28/2528, E28/2529 and E28/2595 Tenements.
The transaction is subject to approval of offer by acquirer shareholders and obtaining waiver of pre-emption rights, consent and entering a deed of covenant with Rumble Resources Limited in relation to the E28/2528, E28/2529 and E28/2595 Tenements. The expected completion of the transaction is May 30, 2025. Annuncio • Mar 05
West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.45 million. West Cobar Metals 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: 24,880,875
Price\Range: AUD 0.016
Discount Per Security: AUD 0.00096
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,244,125
Price\Range: AUD 0.016
Discount Per Security: AUD 0.00096
Transaction Features: Subsequent Direct Listing Board Change • Dec 24
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 Mark Bolton was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Dec 10
West Cobar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.175 million. West Cobar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.175 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,583,333
Price\Range: AUD 0.012
Discount Per Security: AUD 0.00072
Transaction Features: Subsequent Direct Listing Annuncio • Oct 17
West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.838752 million. West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.838752 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 38,125,082
Price\Range: AUD 0.022
Security Features: Attached Options
Transaction Features: Rights Offering Reported Earnings • Sep 28
Full year 2024 earnings released: AU$0.028 loss per share (vs AU$0.017 loss in FY 2023) Full year 2024 results: AU$0.028 loss per share (further deteriorated from AU$0.017 loss in FY 2023). Net loss: AU$3.15m (loss widened 143% from FY 2023). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Annuncio • Sep 26
West Cobar Metals Limited, Annual General Meeting, Nov 21, 2024 West Cobar Metals Limited, Annual General Meeting, Nov 21, 2024. 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 2023. 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 48% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m (AU$741k revenue, or US$509k). Market cap is less than US$10m (AU$4.12m market cap, or US$2.83m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). New Risk • Jul 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% 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 48% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m (AU$741k revenue, or US$500k). Market cap is less than US$10m (AU$4.73m market cap, or US$3.19m). Annuncio • Jun 27
West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.966403 million. West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.966403 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,200,082
Price\Range: AUD 0.032
Discount Per Security: AUD 0.00192
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Mar 18
No independent directors There are 4 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: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Ron Roberts 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 independent directors. Lack of experienced directors. Board Change • Feb 06
No independent directors There are 4 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: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Ron Roberts 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 independent directors. Lack of experienced directors. Annuncio • Dec 22
West Cobar Metals Limited Announces Executive Changes West Cobar Metals Limited announced that Mr. Jerry Monzu has been appointed as Company Secretary. Mr. Monzu BBus, FCPA, FGIA is a founding director of Capella Corporate Consulting, a company specialising in the provision of company secretarial, corporate governance and corporate advisory services. Prior to establishing Capella Corporate Consulting, Mr. Monzu had extensive corporate and commercial experience as a finance professional for large and medium sized public multinational companies, predominantly in the mining and oil and gas industries. He has provided Company Secretarial, CFO and Directorial services to a number of listed and unlisted entities on the ASX, AIM and JSE stock markets. Mr. Monzu replaces Mr. Craig McNab who has now stepped down from his role as Company Secretary. New Risk • Nov 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% 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 68% per year over the past 5 years. Revenue is less than US$1m (AU$44k revenue, or US$29k). Market cap is less than US$10m (AU$7.07m market cap, or US$4.70m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Annuncio • Nov 29
West Cobar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.7348 million. West Cobar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.7348 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,246,667
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Nov 24
West Cobar Metals Limited Announces Resignation of Kevin Das as Non-Executive Director West Cobar Metals Limited advised that following a review of the board skills matrix and the stage of the development of the Company, Non-Executive Director Kevin Das has agreed to resign as a member of the Board of Directors effective, 24 November 2023. Board Change • Nov 22
No independent directors There are 5 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: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Ron Roberts 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 independent directors. Lack of board continuity. Lack of experienced directors. Annuncio • Nov 04
West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.57 million. West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.57 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,500,000
Price\Range: AUD 0.06
Security Features: Attached Options Annuncio • Nov 03
West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.7348 million. West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.7348 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,246,667
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Nov 03
No independent directors There are 5 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: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Ron Roberts 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 independent directors. Lack of board continuity. Lack of experienced directors. Annuncio • Sep 30
West Cobar Metals Limited, Annual General Meeting, Nov 24, 2023 West Cobar Metals Limited, Annual General Meeting, Nov 24, 2023. Agenda: To consider the election of Directors. New Risk • Sep 28
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$3.0m 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$3.0m free cash flow). Shares are highly illiquid. Earnings have declined by 68% per year over the past 5 years. Shareholders have been substantially diluted in the past year (134% increase in shares outstanding). Revenue is less than US$1m (AU$44k revenue, or US$28k). Market cap is less than US$10m (AU$8.26m market cap, or US$5.26m). Annuncio • Sep 26
West Cobar Metals Limited (ASX:WC1) entered into a binding agreement to acquire Four Exploration Licences E63/2056, E63/2083, E63/2078 and E63/2063 from Dundas Minerals Limited (ASX:DUN) for AUD 0.45 million. West Cobar Metals Limited (ASX:WC1) entered into a binding agreement to acquire Four Exploration Licences E63/2056, E63/2083, E63/2078 and E63/2063 from Dundas Minerals Limited (ASX:DUN) for AUD 0.45 million on September 25, 2023. West Cobar will pay AUD 0.02 million in cash and issue 5 million shares. The transaction is subject to shareholder approval at West Cobar's upcoming Annual General Meeting. The transaction is also subject to standard conditions for a transaction of this nature including any necessary regulatory approvals. New Risk • Sep 18
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 86% per year over the past 5 years. Shareholders have been substantially diluted in the past year (134% increase in shares outstanding). Revenue is less than US$1m (AU$20k revenue, or US$13k). Market cap is less than US$10m (AU$7.77m market cap, or US$5.00m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). New Risk • Sep 02
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 86% per year over the past 5 years. Shareholders have been substantially diluted in the past year (134% increase in shares outstanding). Revenue is less than US$1m (AU$20k revenue, or US$13k). Market cap is less than US$10m (AU$8.26m market cap, or US$5.32m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Board Change • Aug 09
No independent directors There are 5 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: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Ron Roberts 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 independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Apr 06
No independent directors There are 5 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: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Ron Roberts 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 independent directors. Lack of board continuity. Lack of experienced directors.