New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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 (14% average weekly change). Significant insider selling over the past 3 months (AU$2.8m sold). Market cap is less than US$100m (AU$83.9m market cap, or US$58.9m). Recent Insider Transactions • May 25
Insider recently sold AU$930k worth of stock On the 22nd of May, John Titus sold around 3m shares on-market at roughly AU$0.36 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth AU$1.1m. Insiders have been net sellers, collectively disposing of AU$10m more than they bought in the last 12 months. Recent Insider Transactions • May 07
Insider recently sold AU$784k worth of stock On the 4th of May, John Titus sold around 2m shares on-market at roughly AU$0.37 per share. This transaction amounted to 9.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth AU$1.1m. Insiders have been net sellers, collectively disposing of AU$9.3m more than they bought in the last 12 months. Recent Insider Transactions • Apr 07
Insider recently sold AU$1.1m worth of stock On the 1st of April, John Titus sold around 3m shares on-market at roughly AU$0.36 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth AU$1.1m. Insiders have been net sellers, collectively disposing of AU$8.5m more than they bought in the last 12 months. New Risk • Mar 05
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$12m 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$12m free cash flow). Revenue is less than US$1m (AU$113k revenue, or US$80k). Minor Risks Significant insider selling over the past 3 months (AU$2.6m sold). Market cap is less than US$100m (AU$62.3m market cap, or US$43.9m). Recent Insider Transactions • Feb 20
Insider recently sold AU$688k worth of stock On the 19th of February, John Titus sold around 2m shares on-market at roughly AU$0.38 per share. This transaction amounted to 6.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth AU$1.1m. Insiders have been net sellers, collectively disposing of AU$7.4m more than they bought in the last 12 months. Recent Insider Transactions • Jan 22
Insider recently sold AU$1.1m worth of stock On the 19th of January, John Titus sold around 3m shares on-market at roughly AU$0.40 per share. This transaction amounted to 9.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$6.7m more than they bought in the last 12 months. Recent Insider Transactions • Dec 30
Insider recently sold AU$804k worth of stock On the 23rd of December, John Titus sold around 2m shares on-market at roughly AU$0.43 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth AU$1.1m. Insiders have been net sellers, collectively disposing of AU$5.6m more than they bought in the last 12 months. Recent Insider Transactions • Dec 06
Insider recently sold AU$1.1m worth of stock On the 4th of December, John Titus sold around 2m shares on-market at roughly AU$0.55 per share. This transaction amounted to 5.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$4.8m more than they bought in the last 12 months. Recent Insider Transactions • Oct 22
Insider recently sold AU$840k worth of stock On the 15th of October, John Titus sold around 2m shares on-market at roughly AU$0.46 per share. This transaction amounted to 5.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$3.7m more than they bought in the last 12 months. Recent Insider Transactions • Aug 21
Insider recently sold AU$499k worth of stock On the 15th of August, John Titus sold around 901k shares on-market at roughly AU$0.55 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth AU$2.4m. Insiders have been net sellers, collectively disposing of AU$2.9m more than they bought in the last 12 months. Announcement • Aug 13
Gold Hydrogen Limited, Annual General Meeting, Oct 15, 2025 Gold Hydrogen Limited, Annual General Meeting, Oct 15, 2025. Location: brisbane, Australia Board Change • Aug 01
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. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Alexander John Gosse Downer 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. Announcement • Jul 18
Gold Hydrogen Limited has completed a Follow-on Equity Offering in the amount of AUD 14.5 million. Gold Hydrogen Limited has completed a Follow-on Equity Offering in the amount of AUD 14.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,142,857
Price\Range: AUD 0.7
Discount Per Security: AUD 0.035
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,571,428
Price\Range: AUD 0.7
Discount Per Security: AUD 0.035
Transaction Features: Subsequent Direct Listing New Risk • Apr 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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$14m free cash flow). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$102.2m market cap, or US$63.9m). New Risk • Oct 25
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$16m 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$16m free cash flow). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (AU$117.4m market cap, or US$78.0m). Announcement • Aug 20
Gold Hydrogen Limited, Annual General Meeting, Oct 18, 2024 Gold Hydrogen Limited, Annual General Meeting, Oct 18, 2024. Location: brisbane Australia New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$140.6m (US$90.7m) This is considered a minor 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 Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (AU$140.6m market cap, or US$90.7m). Announcement • Dec 07
Gold Hydrogen Limited has completed a Follow-on Equity Offering in the amount of AUD 14.805 million. Gold Hydrogen Limited has completed a Follow-on Equity Offering in the amount of AUD 14.805 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,740,000
Price\Range: AUD 0.75
Discount Per Security: AUD 0.0375
Transaction Features: Subsequent Direct Listing Announcement • Sep 05
Gold Hydrogen Limited Announces the Appointment of Frank Glass as Chief Exploration Advisor The Directors of Gold Hydrogen Limited announced the appointment of Frank Glass as the Company’s Chief Exploration Advisor. Mr. Glass is an accomplished geologist and geoscientist who has been working in the petroleum and energy resources sector for well over 30 years, including a decade spent with Shell. Mr. Glass has been part of the growing industry exploring for natural hydrogen since 2001, and has most recently served as the Exploration Manager at 2H Resources, leading a dynamic team in the pursuit of natural hydrogen opportunities within South Australia. Mr. Glass has been involved with the establishment of a robust natural hydrogen exploration framework, including identifying high-potential regions for natural hydrogen prospects. This experience is expected to be of considerable benefit to Gold Hydrogen. Mr. Glass has also been a driving force behind the inception of the Natural Hydrogen Association of Australia (NH2A), a national organization dedicated to supporting and advocating for the natural hydrogen exploration and development sector in Australia. Mr. Glass holds a Masters Degree in Structural Geology from the University of Amsterdam, and holds numerous professional memberships including the Petroleum Exploration Society of Australia and the European Association of Geoscientists and Engineers, amongst others. Announcement • Jul 25
Gold Hydrogen Limited, Annual General Meeting, Sep 29, 2023 Gold Hydrogen Limited, Annual General Meeting, Sep 29, 2023. New Risk • Jul 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$40.6m market cap, or US$27.7m). Announcement • Jun 14
Gold Hydrogen Limited Announces Appointment of Josh Whitcombe as Chief Operating Officer The Directors of Gold Hydrogen Limited to advised of the appointment of Dr. Josh Whitcombe as the Company's Chief Operating Officer with effect from 1 July 2023. This appointment comes at a crucial time as the Company continues to focus on the drilling of its initial exploration well at its flagship Ramsay Project in South Australia, as detailed in its market release of 6 June 2023. Dr Whitcombe was most recently the Chief Operating Officer of WestSide Corporation, after being asked to return to the business in late 2022 by its parent company. He commenced his career with Shell International drilling offshore developments in the North Sea before moving to coal seam gas exploration and development in Australia, initially with Santos. Prior to returning to WestSide, Dr Whitcombe was the Chief Operating Officer at Blue Energy, an ASX-listed CSG exploration and appraisal company. He has broad industry experience, managing operations from frontier exploration and appraisal projects to integrated brown field conventional assets. In addition to his oil and gas experience, he holds a Bachelor's Degree and PhD in Environmental Engineering and an MBA, giving him a strong awareness and understanding of environmental, community and commercial issues. Dr Whitcombe is a Chartered Chemical Engineer (UK), and a Registered Professional Engineer of Queensland (RPEQ). has named Ernest Piccioli, a former executive at Truist Financial Corp., as its new chief risk officer and senior executive vice president. Piccioli started his role in May and is now based at TowneBank's headquarters in Suffolk, Virginia. He was a Charlotte-based banker for decades. Piccioli is responsible for the effective governance of risk programs for TowneBank and oversees the risk management, vendor management, credit review and appraisal services He has more than three decades of risk management experience, including most recently serving as a business-unit chief risk officer for retail and small business banking at Charlotte-based Truist. Piccioli had also previously worked at Winston-Salem-based BB&T, which merged with Atlanta-based SunTrust in late 2019 to form Truist. Piccioli replaces John Wallace, who was formerly promoted as TowneBank's chief risk officer in October of last year. Piccioli earned his bachelor's degree in business management and economics from N.C. State and an MBA at Wake Forest University. He has remained active in the community throughout his career by serving as a member of the Risk Management Association's Lending and Credit Risk Professionals group and the Consumer Bankers Association Risk Committee. Announcement • May 17
Gold Hydrogen Limited Announces the Resignation of Luke Titus as Director The Directors of Gold Hydrogen Limited announced that Mr. Luke Titus has resigned as a Director of the Company. A final Director's interest statement will be lodged separately. The Directors would like to thank and acknowledge Luke for his work in generating the Company's project opportunities. With the recent completion of the Company's seismic data review and the airborne and soil-gas surveys, and with a number of potential drill targets identified, the foundations have now been laid for the Company's upcoming drill testing, scheduled for September - October 2023. Board Change • Jan 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Alexander John Gosse Downer 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. 