공시 • May 06
Odessa Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.25 million. Odessa Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 109,800,000
Price\Range: AUD 0.02
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,700,000
Price\Range: AUD 0.02
Transaction Features: Subsequent Direct Listing 공시 • Oct 16
Odessa Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.735 million. Odessa Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.735 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 105,000,000
Price\Range: AUD 0.007
Transaction Features: Subsequent Direct Listing 공시 • Sep 16
Odessa Minerals Limited, Annual General Meeting, Nov 13, 2025 Odessa Minerals Limited, Annual General Meeting, Nov 13, 2025. Board Change • Aug 18
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 Director Tom Bahen 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. 공시 • Apr 10
Odessa Minerals Limited Announces Board Changes, Effective April 14, 2025 Odessa Minerals Limited advised that Mr. Thomas Bahen and Ms Maddison Cramer have been appointed as Non-Executive Directors of the Company. The Company has also accepted the resignations as Directors by Mr. David Lenigas and Ms Lisa Wells effective, April 14, 2025. Mr. Bahen has significant experience in capital raisings, corporate advisory and commercial transactions for listed and unlisted companies. Mr. Bahen is a former director of Canaccord Genuity and Patersons Securities and is a former director of Wildcat Resources (ASX:WC8), which he helped recapitalise and also assisted with recapitalising Naracoota Resources Pty Ltd. into Alcidion (ALC. ASX) as well as on the boards of Carbine Resources (ASX:CRB) and Naracoota Resources. Ms Cramer is the co-founder and managing director of boutique corporate services firm Belltree Corporate and has over 10 years' experience as a corporate lawyer and company secretary to ASX-listed mining and resources companies. Ms Cramer is a qualified lawyer (LLB), graduate of the Australian Institute of Company Directors' (AICD) Company Directors course and company secretary of a number of ASX-listed companies. Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Lisa Wells was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Lisa Wells was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Dec 06
Odessa Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.1125 million. Odessa Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.1125 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 225,000,000
Price\Range: AUD 0.002
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 331,250,000
Price\Range: AUD 0.002
Transaction Features: Subsequent Direct Listing New Risk • Oct 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% 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$2.2m free cash flow). Share price has been highly volatile over the past 3 months (34% average weekly change). Earnings have declined by 38% per year over the past 5 years. Revenue is less than US$1m (AU$118k revenue, or US$78k). Market cap is less than US$10m (AU$7.61m market cap, or US$5.02m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). 공시 • Aug 28
Odessa Minerals Limited, Annual General Meeting, Nov 13, 2024 Odessa Minerals Limited, Annual General Meeting, Nov 13, 2024. New Risk • Mar 14
New major risk - Revenue and earnings growth Earnings have declined by 0.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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$1.9m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 0.3% per year over the past 5 years. Revenue is less than US$1m (AU$42k revenue, or US$28k). Market cap is less than US$10m (AU$6.26m market cap, or US$4.14m). Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding). 공시 • Jan 31
Odessa Minerals' Ordinary Shares to be Deleted from OTC Equity Odessa Minerals Limited Ordinary Shares will be deleted from OTC Equity effective January 31, 2024, due to inactive security. 공시 • Sep 12
Odessa Minerals Limited, Annual General Meeting, Nov 15, 2023 Odessa Minerals Limited, Annual General Meeting, Nov 15, 2023. 공시 • Aug 18
Odessa Minerals Limited Completed the acquisition of E09/2435 tenement in the Gascoyne Province from Bow Island Resources Pty Ltd. Odessa Minerals Limited signed a binding agreement to acquire E09/2435 tenement in the Gascoyne Province from Bow Island Resources Pty Ltd for AUD 0.08 million on December 16, 2022. The acquisition consideration comprises 6 million fully paid ordinary shares and 2 million unlisted options. As on January 11, 2023 the Company issued the Bow Island Consideration Securities.
Odessa Minerals Limited Completed the acquisition of E09/2435 tenement in the Gascoyne Province from Bow Island Resources Pty Ltd on August 17, 2023. Recent Insider Transactions • Aug 11
Non-Executive Chairman recently bought AU$80k worth of stock On the 9th of August, Zane Lewis bought around 10m shares on-market at roughly AU$0.008 per share. This transaction increased Zane's direct individual holding by 5x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Zane's only on-market trade for the last 12 months. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Lisa Wells was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Non Executive Director Zane Lewis is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 21
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Non Executive Director Zane Lewis is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.