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). Technical Director & Director Ben Grguric was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 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). Technical Director & Director Ben Grguric was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 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). Technical Director & Director Ben Grguric was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 공시 • Oct 14
Western Mines Group Ltd has completed a Follow-on Equity Offering in the amount of AUD 3.7092 million. Western Mines Group Ltd has completed a Follow-on Equity Offering in the amount of AUD 3.7092 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,510,000
Price\Range: AUD 0.22
Discount Per Security: AUD 0.0132
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 350,000
Price\Range: AUD 0.22
Discount Per Security: AUD 0.0132
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing 공시 • Sep 19
Western Mines Group Ltd, Annual General Meeting, Nov 12, 2025 Western Mines Group Ltd, Annual General Meeting, Nov 12, 2025. 공시 • May 27
Western Mines Group Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.287 million. Western Mines Group Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.287 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,435,000
Price\Range: AUD 0.2
Discount Per Security: AUD 0.012
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. 4 non-independent directors. Technical Director & Director Ben Grguric was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Nov 25
Western Mines Group Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.084625 million. Western Mines Group Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.084625 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,913,333
Price\Range: AUD 0.15
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 917,500
Price\Range: AUD 0.15
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 400,000
Price\Range: AUD 0.15
Transaction Features: Subsequent Direct Listing New Risk • Nov 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.2m (US$8.54m) 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 Revenue is less than US$1m. Market cap is less than US$10m (AU$13.2m market cap, or US$8.54m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (28% increase in shares outstanding). 공시 • Sep 25
Western Mines Group Ltd, Annual General Meeting, Nov 27, 2024 Western Mines Group Ltd, Annual General Meeting, Nov 27, 2024. 공시 • Sep 04
Western Mines Group Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.164995 million. Western Mines Group Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.164995 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,016,636
Price\Range: AUD 0.15
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 750,000
Price\Range: AUD 0.15
Transaction Features: Subsequent Direct Listing 공시 • Jun 26
Western Mines Group Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.537 million. Western Mines Group Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.537 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,803,125
Price\Range: AUD 0.32
Discount Per Security: AUD 0.0192
Transaction Features: Subsequent Direct Listing New Risk • Apr 15
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 14% 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 Risk Revenue is less than US$1m (AU$47k revenue, or US$31k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (32% increase in shares outstanding). Market cap is less than US$100m (AU$16.5m market cap, or US$10.7m). New Risk • Mar 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% 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 (53% increase in shares outstanding). Revenue is less than US$1m (AU$47k revenue, or US$31k). Market cap is less than US$10m (AU$13.1m market cap, or US$8.58m). 공시 • Mar 23
Western Mines Group Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.164995 million. Western Mines Group Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.164995 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,016,636
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 750,000
Price\Range: AUD 0.15
Transaction Features: Subsequent Direct Listing New Risk • Feb 16
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 Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (AU$47k revenue, or US$31k). Market cap is less than US$10m (AU$12.3m market cap, or US$8.00m). Minor Risk Shareholders have been diluted in the past year (39% increase in shares outstanding). New Risk • Nov 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.0m (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 Revenue is less than US$1m (AU$47k revenue, or US$31k). Market cap is less than US$10m (AU$15.0m market cap, or US$9.94m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (50% increase in shares outstanding). New Risk • Oct 21
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 15% 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$4.1m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Revenue is less than US$1m (AU$47k revenue, or US$30k). Minor Risks Shareholders have been diluted in the past year (40% increase in shares outstanding). Market cap is less than US$100m (AU$19.7m market cap, or US$12.4m). 공시 • Oct 05
Western Mines Group Ltd (ASX:WMG) signed a binding agreement to acquire Tenement of E39/2134 from Dynamic Metals Limited (ASX:DYM) for AUD 0.05 million. Western Mines Group Ltd (ASX:WMG) signed a binding agreement to acquire Tenement of E39/2134 from Dynamic Metals Limited (ASX:DYM) for AUD 0.05 million on October 3, 2023. Under the terms of agreement, consideration payable to Dynamic will be AUD 20,000 cash, 100,000 fully paid ordinary shares in Western Mines Group, 200,000 options over ordinary shares (with an exercise price of AUD 0.60 per share, exercisable 3 years from the date of issue) and Western Mines Group will grant Dynamic a 1% Net Smelter Royalty in respect of any minerals extracted and recovered from the Tenement. The transaction is expected to close within 5 days. 공시 • Sep 26
Western Mines Group Ltd, Annual General Meeting, Nov 21, 2023 Western Mines Group Ltd, Annual General Meeting, Nov 21, 2023. Agenda: To consider and approve election of directors. Board Change • Apr 03
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. 4 non-independent directors. Technical Director & Director Ben Grguric was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.