New Risk • Jun 17
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 Risks Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Revenue is less than US$1m (AU$1.1m revenue, or US$784k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$6.4m net loss in 2 years). Share price has been volatile over the past 3 months (14% average weekly change). Board Change • May 20
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 Director Fiona Nicholls was the last independent director to join the board, commencing their role in 2023. 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 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 Director Fiona Nicholls was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
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 Director Fiona Nicholls was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 23
Alligator Energy Limited, Annual General Meeting, Nov 21, 2025 Alligator Energy Limited, Annual General Meeting, Nov 21, 2025. Announcement • Apr 08
Alligator Energy Limited Announces Follow-Up Drill Program At the Big Lake Uranium Project in the Lake Eyre Basin, South Australia Alligator Energy Limited advised that its follow-up drill program at the Big Lake Uranium Project (Big Lake) in the Lake Eyre Basin, South Australia has been curtailed due to the imminent arrival of flood waters from the significant rain event in Western Queensland. In late February 2025 the Company initiated a rotary mud drilling program at the Big Lake Project targeting both the Namba and Eyre formations. After initial equipment commissioning issues, two drill holes were completed. In the past two weeks the Company has been monitoring the implications of the recent significant rain event in Western Queensland for its impact on the channel country flowing across exploration licences down to Lake Eyre. Flood alerts have now been issued for both the Cooper and Strzelecki Creek with local graziers and oil and gas companies commencing flood mitigation procedures. Many of Alligator's planned drilling areas will be impacted, including mobile camp site, and road access to Moomba and surrounds is anticipated to be totally cut off. As of Monday, the Cooper Creek had risen enough such that water was flowing into the Strzelecki Creek. After considering the potential for a significant period of disruption and the safety of personnel and equipment, the Company decided to commence demobilisation procedures and has issued a force majeure notice to its drilling contractor. Drilling and camp areas have now been made safe and all equipment removed. One drill hole has been fully rehabilitated, and one capped and sealed for future re-access. The drilling company has de-mobilised, as have Alligator personnel and vehicles. It is unknown how long the area may be inaccessible, but flood levels and duration are anticipated to be similar to other large flood events, e.g. the 1974 flood. initial holes encountered similar oxidised sands to last years drilling, and one hole was successfully gamma probed with results pending due to the de-mobilisation. Breakeven Date Change • Feb 04
Forecast to breakeven in 2027 The analyst covering Alligator Energy expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$4.00m in 2027. Average annual earnings growth of 120% is required to achieve expected profit on schedule. New Risk • Nov 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$151.1m (US$97.7m) 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 Revenue is less than US$1m (AU$1.1m revenue, or US$721k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$1.0m net loss in 2 years). Market cap is less than US$100m (AU$151.1m market cap, or US$97.7m). Announcement • Sep 27
Alligator Energy Limited, Annual General Meeting, Nov 22, 2024 Alligator Energy Limited, Annual General Meeting, Nov 22, 2024. Location: at the company`s office, Australia New Risk • Sep 23
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 Risk Revenue is less than US$1m (AU$602k revenue, or US$411k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (AU$504k net loss in 2 years). Shareholders have been diluted in the past year (17% increase in shares outstanding). New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$135.4m (US$87.4m) 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 Revenue is less than US$1m (AU$602k revenue, or US$388k). Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$135.4m market cap, or US$87.4m). Recent Insider Transactions • Jan 19
CEO, MD & Executive Director recently sold AU$120k worth of stock On the 16th of January, Gregory Hall sold around 2m shares on-market at roughly AU$0.08 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gregory's only on-market trade for the last 12 months. Recent Insider Transactions • Oct 05
Director recently bought AU$54k worth of stock On the 27th of September, Fiona Nicholls bought around 1m shares on-market at roughly AU$0.054 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Sep 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% 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 (AU$602k revenue, or US$387k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$1.0m net loss in 2 years). Shareholders have been diluted in the past year (15% increase in shares outstanding). Announcement • Sep 22
Alligator Energy Limited, Annual General Meeting, Nov 24, 2023 Alligator Energy Limited, Annual General Meeting, Nov 24, 2023, at 10:00 AUS Central Standard Time. Announcement • Aug 03
Alligator Energy Limited Appoints Callum Mcintyre as an Alternate Director Alligator Energy Limited advised the appointment of Mr. Callum McIntyre as an alternate director for Mr. Peter McIntyre. Callum has extensive experience in the finance and technology industries, both in Australia and overseas. Previously based in London with international finance group Thomson Reuters, he started his career in Product Management focusing on technology development. He relocated back to Australia in 2019. Callum's broader skill set includes operational strategy and optimisation as well as corporate strategy and digital marketing. Callum is currently the Director Business and Investment Labonne Enterprises, a private investment company. He is also a Director of ReCircle, a private Company researching the recovery and reuse of soft plastics. Callum holds a Bachelor of Science from the University of Western Australia majoring in Applied Mathematics and Mathematical Statistics. He completed a Graduate Diploma of Applied Finance majoring in Corporate Finance. He is a certified Product Manager. Board Change • Nov 16
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. 1 experienced director. 3 highly experienced directors. CEO, MD & Executive Director Greg Hall was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Aug 05
Independent Non-Executive Director recently sold AU$229k worth of stock On the 3rd of August, Andrew Vigar sold around 4m shares on-market at roughly AU$0.057 per share. In the last 3 months, there was an even bigger sale from another insider worth AU$493k. Insiders have been net sellers, collectively disposing of AU$1.3m more than they bought in the last 12 months. Recent Insider Transactions • May 18
Non-Executive Director recently sold AU$493k worth of stock On the 12th of May, Peter McIntyre sold around 8m shares on-market at roughly AU$0.064 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$1.1m more than they bought in the last 12 months. Board Change • Apr 27
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. 1 experienced director. 3 highly experienced directors. CEO, MD & Executive Director Greg Hall was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 02
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. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Chairman Paul George Dickson was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 17
Independent Non-Executive Director recently sold AU$412k worth of stock On the 12th of November, Andrew Vigar sold around 5m shares on-market at roughly AU$0.075 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$911k more than they bought in the last 12 months. Recent Insider Transactions • Dec 15
Insider recently sold AU$328k worth of stock On the 8th of December, Lindsay Carthew sold around 30m shares on-market at roughly AU$0.011 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$226k more than they bought in the last 12 months. 
