New Risk • Jul 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% 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 (27% average weekly change). Earnings have declined by 7.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m (AU$130k revenue, or US$91k). Minor Risk Market cap is less than US$100m (€23.6m market cap, or US$26.8m). 공고 • Jul 20
VRX Silica Limited has completed a Follow-on Equity Offering in the amount of AUD 4.54794 million. VRX Silica Limited has completed a Follow-on Equity Offering in the amount of AUD 4.54794 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 133,762,940
Price\Range: AUD 0.034
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing 공고 • Jul 15
VRX Silica Limited has filed a Follow-on Equity Offering in the amount of AUD 5.5 million. VRX Silica Limited has filed a Follow-on Equity Offering in the amount of AUD 5.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 161,764,706
Price\Range: AUD 0.034
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing 공고 • May 28
VRX Silica Limited has filed a Follow-on Equity Offering in the amount of AUD 6.232199 million. VRX Silica Limited has filed a Follow-on Equity Offering in the amount of AUD 6.232199 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 105,804,975
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Features: Attached Options
Transaction Features: Rights Offering Board Change • May 21
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. 1 experienced director. 3 highly experienced directors. Non-Executive Director David Rolf Welch 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. 공고 • May 05
VRX Silica Limited has completed a Follow-on Equity Offering in the amount of AUD 2.1004 million. VRX Silica Limited has completed a Follow-on Equity Offering in the amount of AUD 2.1004 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,477,778
Price\Range: AUD 0.072
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 694,444
Price\Range: AUD 0.072
Transaction Features: Subsequent Direct Listing