Board Change • May 06
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 Paul Welker 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. New Risk • Jan 24
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 Canadian stocks, typically moving 18% 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$2.5m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 52% per year over the past 5 years. Revenue is less than US$1m (AU$3.2k revenue, or US$2.0k). Market cap is less than US$10m (CA$8.98m market cap, or US$6.25m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Dec 19
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 Canadian stocks, typically moving 18% 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$2.5m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 52% per year over the past 5 years. Revenue is less than US$1m (AU$3.2k revenue, or US$2.0k). Market cap is less than US$10m (CA$6.99m market cap, or US$4.86m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Nov 16
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$2.5m 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$2.5m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$11.0m market cap, or US$7.79m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Board Change • Oct 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 Paul Welker 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. Aankondiging • Aug 30
Andrew Suckling to Step Down from Macarthur Minerals Limited Board, Effective from September 26, 2024 Macarthur Minerals Limited announced that Andrew Suckling will not be standing for re-election at the Annual General Meeting (AGM) scheduled for 26 September 2024. Mr. Suckling final day with the Company will be 26 September 2024. Since joining Macarthur in 2019, Mr. Suckling has executed his roles as Non-Executive Director and as Chairman of the Remuneration and Nomination Committee as well as Chairman of the Audit and Risk Committee with due care and diligence. Aankondiging • Aug 29
Macarthur Minerals Limited, Annual General Meeting, Sep 26, 2024 Macarthur Minerals Limited, Annual General Meeting, Sep 26, 2024. Location: at suite 1g, building 1, kings row office park, 40-52 mcdougall street, milton, queensland Australia Aankondiging • Jul 30
Macarthur Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.282273 million. Macarthur Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.282273 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 24,193,831
Price\Range: AUD 0.053
Transaction Features: Subsequent Direct Listing Aankondiging • Jul 12
Macarthur Minerals Limited has filed a Follow-on Equity Offering in the amount of $2 million. Macarthur Minerals Limited has filed a Follow-on Equity Offering in the amount of $2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,735,849
Price\Range: $0.053
Transaction Features: Subsequent Direct Listing New Risk • Jun 30
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$2.8m 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$2.8m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 61% per year over the past 5 years. Revenue is less than US$1m (AU$259k revenue, or US$173k). Market cap is less than US$10m (CA$11.2m market cap, or US$8.17m). Minor Risks Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Significant insider selling over the past 3 months (CA$102k sold). New Risk • Apr 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.9m (US$9.50m) 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 (CA$12.9m market cap, or US$9.50m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Significant insider selling over the past 3 months (CA$439k sold). New Risk • Mar 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.9% 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 Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Market cap is less than US$100m (CA$15.5m market cap, or US$11.4m). Aankondiging • Mar 01
Macarthur Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.3 million. Macarthur Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 33,000,000
Price\Range: AUD 0.1
Security Features: Attached Options
Transaction Features: Rights Offering Aankondiging • Nov 25
Macarthur Minerals Limited Intersects High Grade Lithium at Tambourah South Macarthur Minerals Limited announced that 2m @ 1.38% Li2O & 1,258 ppm Rb, 125 ppm Cs & 105 ppm Ta from 30m including 1m @ 2.10% Li2O, 1,060 ppm Rb, 119 ppm Cs & 80 ppm Ta from 31m. Located in the East Pilbara region of Western Australia, Tambourah South is situated among major lithium producers such as Pilbara Minerals' Pilgangoora Operations, Mineral Resources' Wodgina Project, Global Lithium's Archer project and emerging exploration ventures like Wildcat Resources' Tabba Tabba Lithium Project. Macarthur is eagerly anticipating the results of the Ambient Noise Tomography (ANT) survey imaging undertaken in March/April 2023 at Tambourah South to see whether the mineralised zone thickens at depth. If this system proves to extend to depth below the 1,500 metre surface expression, this may lead to a significant and promising new discovery for Infinity. Macarthur holds 21.65% of the issued equity and is the largest shareholder in Infinity, which is an Australian mining exploration company focused primarily on renewable rare earth minerals in Western Australia. Macarthur's spinoff to Infinity Mining, of its non-core renewable energy assets in 2021 has allowed the Company to commit its full focus to its Lake Giles Iron Project in Western Australia. The Lake Giles Iron Project mineral resources include the Ularring magnetite resource (approved for development) comprising Indicated resources of 54.5 million tonnes at 47.2% Fe and Inferred resources of 26 million tonnes at 45.4% Fe; and the Lake Giles magnetite resource of 53.9 million tonnes (Measured), 218.7 million tonnes (Indicated) and 997 million tonnes (Inferred). The Mineral Resource and Ore Reserve estimates presented herein have previously been released to the ASX on March 21, 2022, including supporting JORC reporting tables. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and, in the case of Mineral Resources and Mineral Reserves that all assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. Aankondiging • Aug 03
Macarthur Minerals Limited, Annual General Meeting, Aug 29, 2023 Macarthur Minerals Limited, Annual General Meeting, Aug 29, 2023, at 10:01 E. Australia Standard Time. Location: Suite 1G, Building 1 Kings Row Office Park 40-52 McDougall Street Brisbane Queensland Australia Agenda: To receive and consider the Australian statutory report of the directors and the Australian and Canadian financial reports of the Company and its controlled entities for the year ended 31 March 2023 together with the Auditors' reports thereon; to adoption of remuneration report; to re-election of directors; to election of director paul ryan welker; to appointment of canadian auditor; to ratification of previous securities issues; to approval of 10% placement capacity; and to consider other matter. Aankondiging • Jun 30
Macarthur Minerals Limited Auditor Raises 'Going Concern' Doubt Macarthur Minerals Limited filed its Annual on Jun 28, 2023 for the period ending Mar 31, 2023. In this report its auditor, RSM & Co., gave an unqualified opinion expressing doubt that the company can continue as a going concern. Recent Insider Transactions • May 26
Insider recently bought CA$85k worth of stock On the 24th of May, Mary Peden bought around 600k shares on-market at roughly CA$0.14 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$360k more in shares than they bought in the last 12 months. Board Change • Oct 31
High number of new directors Independent Director Ryan Welker was the last director to join the board, commencing their role in 2022. 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. 3 non-independent directors. Independent Non-Executive Director Andrew Suckling was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Jul 27
Price target decreased to CA$1.50 Down from CA$1.90, the current price target is provided by 1 analyst. New target price is 188% above last closing price of CA$0.52. Stock is up 148% over the past year. Is New 90 Day High Low • Feb 12
New 90-day high: CA$0.66 The company is up 47% from its price of CA$0.45 on 13 November 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 1.0% over the same period. Is New 90 Day High Low • Jan 27
New 90-day high: CA$0.52 The company is up 2.0% from its price of CA$0.51 on 28 October 2020. The Canadian market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is down 3.0% over the same period. 