Board Change • May 20
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. Company Secretary & Independent Non-Executive Director David Maxwell McArthur was the last independent director to join the board, commencing their role in 2007. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
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. Company Secretary & Independent Non-Executive Director David Maxwell McArthur was the last independent director to join the board, commencing their role in 2007. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Feb 05
Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.25 million. Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,200,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 128,800,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Transaction Features: Subsequent Direct Listing 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. Company Secretary & Independent Non-Executive Director David Maxwell McArthur was the last independent director to join the board, commencing their role in 2007. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 27
Lodestar Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.25 million. Lodestar Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,200,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 128,800,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Transaction Features: Subsequent Direct Listing Board Change • Aug 18
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. Company Secretary & Independent Non-Executive Director David Maxwell McArthur was the last independent director to join the board, commencing their role in 2007. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 30
Lodestar Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.2 million. Lodestar Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 79,166,667
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00042
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 345,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.00035
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Mar 26
Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.5425 million. Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.5425 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,000,000
Price\Range: AUD 0.011
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,272,727
Price\Range: AUD 0.011
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,045,455
Price\Range: AUD 0.011
Transaction Features: Subsequent Direct Listing Aankondiging • Mar 25
Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.661 million. Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.661 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 60,090,909
Price\Range: AUD 0.011
Discount Per Security: AUD 0.00066
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Oct 28
Lodestar Minerals Limited, Annual General Meeting, Nov 29, 2024 Lodestar Minerals Limited, Annual General Meeting, Nov 29, 2024. Location: level 1, 31 cliff st, fremantle, wa, 6160, Australia New Risk • Oct 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 67% 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 (50% average weekly change). Negative equity (-AU$167k). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Revenue is less than US$1m (AU$641k revenue, or US$442k). Market cap is less than US$10m (AU$3.37m market cap, or US$2.33m). New Risk • Sep 27
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$167k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (55% average weekly change). Negative equity (-AU$167k). Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m (AU$641k revenue, or US$441k). Market cap is less than US$10m (AU$2.65m market cap, or US$1.82m). Minor Risk Shareholders have been diluted in the past year (31% increase in shares outstanding). New Risk • Sep 21
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 Share price has been highly volatile over the past 3 months (53% average weekly change). Earnings have declined by 1.9% per year over the past 5 years. Revenue is less than US$1m (AU$641k revenue, or US$436k). Market cap is less than US$10m (AU$2.65m market cap, or US$1.80m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (31% increase in shares outstanding). Recent Insider Transactions • Jul 20
Non-Executive Chairman recently bought AU$74k worth of stock On the 15th of July, Ross Taylor bought around 74m shares on-market at roughly AU$0.001 per share. This transaction amounted to 58% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Ross has been a net seller over the last 12 months, reducing personal holdings by AU$180k. Aankondiging • Jul 17
Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.577383 million. Lodestar Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.577383 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 577,382,625
Price\Range: AUD 0.001
Security Features: Attached Options
Transaction Features: Rights Offering New Risk • Mar 06
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$2.6m 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$2.6m free cash flow). Share price has been highly volatile over the past 3 months (34% average weekly change). Earnings have declined by 1.9% per year over the past 5 years. Revenue is less than US$1m (AU$641k revenue, or US$417k). Market cap is less than US$10m (AU$4.05m market cap, or US$2.63m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Recent Insider Transactions • Nov 18
Non-Executive Chairman recently sold AU$174k worth of stock On the 17th of November, Ross Taylor sold around 40m shares on-market at roughly AU$0.0044 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ross has been a net seller over the last 12 months, reducing personal holdings by AU$1.4m. Aankondiging • Oct 05
Lodestar Minerals Limited, Annual General Meeting, Nov 06, 2023 Lodestar Minerals Limited, Annual General Meeting, Nov 06, 2023, at 10:00 W. Australia Standard Time. Location: Level 1, 31 Cliff Street Fremantle Western Australia Australia Agenda: To consider financial statements and reports; to consider adoption of the remuneration report; to consider re election of director Ross Taylor; to consider ratification of prior issue of options; to consider ratification of prior issue of shares; to consider ratification of prior issue of options; and to consider other matters. New Risk • Sep 26
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 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 (28% average weekly change). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$12.1m market cap, or US$7.79m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (16% increase in shares outstanding). New Risk • Sep 10
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 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 (28% average weekly change). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$12.1m market cap, or US$7.73m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (16% increase in shares outstanding). Aankondiging • Jul 11
Lodestar Minerals Limited (ASX : LSR) entered into an agreement to acquire Earaheedy Basin tenement E69/3824 from Recharge Resources Pty Ltd for AUD 0.1 million. Lodestar Minerals Limited (ASX : LSR) entered into an agreement to acquire Earaheedy Basin tenement E69/3824 from Recharge Resources Pty Ltd for AUD 0.1 million on July 10, 2023. The total consideration for the tenement is $100,000 in cash and shares with a 1% NSR. Lodestar Minerals will pay AUD 0.025 million in cash and AUD 0.075 million of fully paid ordinary shares in Lodestar Minerals. Recent Insider Transactions • Nov 30
Non-Executive Chairman recently sold AU$990k worth of stock On the 25th of November, Ross Taylor sold around 15m shares on-market at roughly AU$0.066 per share. This transaction amounted to 7.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ross has been a net seller over the last 12 months, reducing personal holdings by AU$1.2m. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. 1 independent director (2 non-independent directors). Company Secretary & Independent Non-Executive Director David Maxwell McArthur was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 27
Less than half of directors are independent 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. 2 highly experienced directors. 1 independent director (2 non-independent directors). Company Secretary & Independent Non-Executive Director David Maxwell McArthur was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 12
Less than half of directors are independent 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. 2 highly experienced directors. 1 independent director (2 non-independent directors). Company Secretary & Independent Non-Executive Director David Maxwell McArthur was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 