Recent Insider Transactions • May 20
Non-Executive Chairman recently bought AU$131k worth of stock On the 12th of May, Neal Froneman bought around 2m shares on-market at roughly AU$0.053 per share. This transaction amounted to 62% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$219k. Neal has been a buyer over the last 12 months, purchasing a net total of AU$350k worth in shares. 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. Independent Non-Executive Director Cathy Moises 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 • 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. Independent Non-Executive Director Cathy Moises 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 • Dec 24
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. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Linton Putland was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 08
Podium Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million. Podium Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 78,125,000
Price\Range: AUD 0.064
Discount Per Security: AUD 0.00384
Transaction Features: Subsequent Direct Listing Aankondiging • Sep 24
Podium Minerals Limited, Annual General Meeting, Nov 25, 2025 Podium Minerals Limited, Annual General Meeting, Nov 25, 2025. Aankondiging • May 28
Podium Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.612074 million. Podium Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.612074 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 113,568,435
Price\Range: AUD 0.023
Discount Per Security: AUD 0.00138
Security Features: Attached Options
Transaction Features: Rights Offering Aankondiging • Feb 06
Podium Minerals Limited (ASX:POD) acquired Assets from EVM Nickel Pty Ltd. Podium Minerals Limited (ASX:POD) intent to acquire Assets from EVM Nickel Pty Ltd for AUD 4.4 million on October 21, 2024. Podium Minerals Limited (ASX:POD) agreed to acquire Assets from EVM Nickel Pty Ltd for AUD 4.4 million on October 25, 2024. The consideration consists of 2.27 million common equity of Podium Minerals Limited to be issued for assets and 110.71 million common equity of Podium Minerals Limited to be issued for convertible debt of Assets of EVM Nickel. As part of consideration, an undisclosed value is paid towards assets and an undisclosed value is paid towards convertible debt of Assets of EVM Nickel.
The transaction is subject to approval by regulatory board / committee, approval of bankruptcy court and approval of offer by acquirer shareholders. The transaction is also subject to approval by EVM Nickel Pty Ltd creditors.
In February 2024 Johnson Matthey, as the secured creditor of EVM Nickel Pty Ltd, placed EVM Nickel Pty Ltd into administration and appointed Thomas Donald Birch and Jeremy Joseph Nipps of Cor Cordis as the administrators. The payment of AUD 1.17 million to the administrators for fees, costs and project expenses and distribution to creditors in accordance with the deed of company arrangement.
As of October 28, 2024, the creditors of EVM Nickel Pty Ltd approved the transaction.
Podium Minerals Limited (ASX:POD) completed the acquisition of Assets from EVM Nickel Pty Ltd February 5, 2025. Aankondiging • Oct 26
Podium Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.637974 million. Podium Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.637974 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 113,686,696
Price\Range: AUD 0.032
Discount Per Security: AUD 0.00192
Security Features: Attached Options
Transaction Features: Rights Offering Aankondiging • Sep 27
Podium Minerals Limited, Annual General Meeting, Nov 25, 2024 Podium Minerals Limited, Annual General Meeting, Nov 25, 2024. New Risk • Sep 18
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 Less than 1 year of cash runway based on free cash flow trend (-AU$4.4m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m. 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 (25% increase in shares outstanding). Market cap is less than US$100m (AU$15.5m market cap, or US$10.4m). New Risk • Sep 07
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 Less than 1 year of cash runway based on free cash flow trend (-AU$4.4m free cash flow). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (AU$15.0m market cap, or US$10.0m). New Risk • Aug 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.0m (US$9.89m) 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 Less than 1 year of cash runway based on free cash flow trend (-AU$4.4m free cash flow). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$15.0m market cap, or US$9.89m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). New Risk • Jun 21
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.1m (US$9.38m) 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 Less than 1 year of cash runway based on free cash flow trend (-AU$4.4m free cash flow). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$14.1m market cap, or US$9.38m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). New Risk • Feb 21
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$4.4m 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$4.4m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$11.1m market cap, or US$7.30m). Minor Risk Shareholders have been diluted in the past year (35% increase in shares outstanding). Aankondiging • Dec 22
Podium Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.236135 million. Podium Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.236135 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,445,396
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0005
Transaction Features: Subsequent Direct Listing New Risk • Nov 06
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 20% 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$7.7m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 36% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$12.8m market cap, or US$8.30m). Minor Risk Shareholders have been diluted in the past year (8.3% increase in shares outstanding). Aankondiging • Sep 22
Podium Minerals Limited, Annual General Meeting, Nov 21, 2023 Podium Minerals Limited, Annual General Meeting, Nov 21, 2023. Board Change • Dec 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Cathy Moises is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
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. 4 non-independent directors. Independent Non-Executive Director Roberto Castro was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
