About CXU

Founded: 2002
Employees: n/a
CEO: Jonathan Fisher
WebsiteView website: www.cauldronenergy.com.au

Cauldron Energy Limited engages in the exploration and development of mineral properties in Australia. The company explores for uranium, nickel, copper, platinum group element, and sand deposits. It holds 100% interests in the Yanrey uranium project comprising 16 granted exploration tenements and 4 exploration licenses covering an area of approximately 1,340 square kilometers located in Northwest Western Australia; and WA sands project consisting of three river sand tenements and two tenements which covers an area of 49 square kilometers. The company was formerly known as Scimitar Resources Limited and changed its name to Cauldron Energy Limited in June 2009. Cauldron Energy Limited was incorporated in 2002 and is based in Subiaco, Australia.

Recent CXU News & Updates

New Risk • Jan 03

New major risk - Shareholder dilution

The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 37% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$5.3m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Revenue is less than US$1m (AU$30k revenue, or US$20k). Minor Risk Market cap is less than US$100m (AU$46.0m market cap, or US$30.8m).

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About CXU

Recent CXU News & Updates

Here's Why We're Not Too Worried About Cauldron Energy's (ASX:CXU) Cash Burn Situation

New major risk - Shareholder dilution

Non-Executive Director exercised options to buy AU$219k worth of stock.

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