New Risk • Feb 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 42% 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 Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Revenue is less than US$1m. Tillkännagivande • Feb 16
Prospect Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 45 million. Prospect Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 45 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 118,421,053
Price\Range: AUD 0.38
Discount Per Security: AUD 0.0228
Transaction Features: Subsequent Direct Listing New Risk • Jan 15
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$14m 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$14m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Recent Insider Transactions • Dec 14
MD, CEO & Director recently bought €115k worth of stock On the 9th of December, Samuel Hosack bought around 1m shares on-market at roughly €0.12 per share. This transaction amounted to 5.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Samuel's only on-market trade for the last 12 months. Board Change • Nov 14
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. 6 non-independent directors. Independent Non-Executive Chairman Ken Wheatley 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. Tillkännagivande • Oct 24
Prospect Resources Limited, Annual General Meeting, Nov 25, 2025 Prospect Resources Limited, Annual General Meeting, Nov 25, 2025. Location: at presidents room, the celtic club, 48 ord street, west perth wa 6005., Australia Board Change • Oct 13
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. 6 non-independent directors. Independent Non-Executive Chairman Ken Wheatley 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 • Jul 30
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. 5 non-independent directors. Independent Non-Executive Chairman Ken Wheatley 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 • Jul 10
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. 5 non-independent directors. Independent Non-Executive Chairman Ken Wheatley 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. Tillkännagivande • Jun 25
Prospect Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 18.487526 million. Prospect Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 18.487526 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 101,058,173
Price\Range: AUD 0.15
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,191,998
Price\Range: AUD 0.15
Transaction Features: Subsequent Direct Listing Board Change • May 29
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 Chairman Ken Wheatley 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. Tillkännagivande • Apr 15
Prospect Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 18.487526 million. Prospect Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 18.487526 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 101,058,173
Price\Range: AUD 0.15
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,191,998
Price\Range: AUD 0.15
Transaction Features: Subsequent Direct Listing Board Change • Apr 07
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 Chairman Ken Wheatley 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 • Jan 21
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 Chairman Ken Wheatley 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. Tillkännagivande • Nov 27
Prospect Resources Limited Announces Retirement of Zed Rusike as Non-Executive Director Prospect Resources Limited announced that Non-Executive Director, Mr. Zed Rusike, has advised he will be retiring from the Board. Mr. Rusike's retirement will be effective 26 November 2024, prior to the commencement of the AGM, following a well-planned transition. Zed was a founding director of Prospect and under his directorship, the Company acquired a portfolio of grassroots exploration assets comprising gold, rare earths and lithium. This led to the subsequent discovery and drill-out of the Arcadia Lithium Project, a global top ten hard rock lithium asset. Zed played a strategic role throughout Prospect's journey from discovery through to the eventual sale of Arcadia to Huayou Cobalt in 2022 and was instrumental in Prospect Resources establishing itself in Zambia as it went on to acquire the Mumbezhi Copper Project. Tillkännagivande • Oct 28
Prospect Resources Limited, Annual General Meeting, Nov 26, 2024 Prospect Resources Limited, Annual General Meeting, Nov 26, 2024. Location: level 2, 40 kings park road, west perth wa 6005., Australia Board Change • Oct 14
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. 5 non-independent directors. Independent Non-Executive Chairman Ken Wheatley 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. 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 Risks Shares are highly illiquid. Earnings have declined by 19% 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 (20% increase in shares outstanding). Market cap is less than US$100m (€33.2m market cap, or US$37.0m). Board Change • Sep 12
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. 5 non-independent directors. Independent Non-Executive Chairman Ken Wheatley 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 • Jul 08
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 Chairman Ken Wheatley 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 • Jun 05
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 Chairman Ken Wheatley 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. Tillkännagivande • May 31
Prospect Resources Limited (ASX:PSC) completed the acquisition of 85% stake in Mumbezhi Copper Project from Global Development Cooperation Consulting Zambia Limited. Prospect Resources Limited (ASX:PSC) agreed to acquire 85% stake in Mumbezhi Copper Project from Global Development Cooperation Consulting Zambia Limited for $5.9 million on April 9, 2024. The consideration consists of $5.50 million in cash and $1 million in Prospect scrip. As part of the consideration, $6.50 million was paid towards assets. The acquisition is subject to several conditions precedent i.e., Prospect has completed the due diligence on the Mumbezhi Project, the Licence, GDC and Project Co and Prospect is reasonably satisfied with the due diligence results, the Licence and all statutory and regulatory permits and approvals relating to Mumbezhi are in good standing, Prospect and GDC agree the form of a shareholders agreement that will govern the affairs of Project Co, Ministerial Consent for the transfer of the Licence to Project Co; approval under the Competition and Consumer Protection Act in relation to the transfer of the Licence; property transfer tax clearance certificate for the transaction; GDC’s shareholders, as required under Section 87 of the Companies Act (Zambia); and o Prospect’s shareholder approval – if shareholder approval is required for the issue of the scrip component of the transaction consideration, Prospect will seek shareholder approval. In connection with the Mumbezhi acquisition, Prospect has entered into a consultancy agreement with Valentine Chitalu. Chitalu will assist Prospect with the completion of the Mumbezhi acquisition and to advise Prospect in relation to its broader operations and investments in Zambia. As of May 7, 2024, the transaction is expected to close in the end of May 2024.
Prospect Resources Limited (ASX:PSC) completed the acquisition of 85% stake in Mumbezhi Copper Project from Global Development Cooperation Consulting Zambia Limited on May 30, 2024. Consequent to the agreement with GDC, as previously announced, Prospect will proceed to: Transfer a cash consideration totaling $5.35 million; with US$150,000 already paid, for a total of $5.5 million, and Issued 7,014,590 ordinary shares in Prospect to GDC. Total consideration of cash and shares of $6.5 million. New Risk • May 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% 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 Risks Shares are highly illiquid. Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Market cap is less than US$100m (€57.6m market cap, or US$62.5m). Recent Insider Transactions • May 05
Independent Non-Executive Chairman recently bought €95k worth of stock On the 30th of April, Mark Wheatley bought around 1m shares on-market at roughly €0.095 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €306k. Mark has been a buyer over the last 12 months, purchasing a net total of €128k worth in shares. Recent Insider Transactions • Apr 17
MD, CEO & Director recently bought €306k worth of stock On the 15th of April, Samuel Hosack bought around 3m shares on-market at roughly €0.088 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Samuel has been a buyer over the last 12 months, purchasing a net total of €430k worth in shares. Board Change • Apr 10
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 Chairman Ken Wheatley 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. Tillkännagivande • Mar 21
Prospect Resources Limited (ASX:PSC) executed an agreement to acquire remaining 60% stake in Richwing Exploration (Pty) Ltd. from Osino Resources Corp. (TSXV:OSI) for $0.08 million. Prospect Resources Limited (ASX:PSC) executed an agreement to acquire remaining 60% stake in Richwing Exploration (Pty) Ltd. from Osino Resources Corp. (TSXV:OSI) for $0.08 million on March 21, 2024. Upon completion, Prospect will hold a 100% interest in Richwing. Tillkännagivande • Oct 24
Prospect Resources Limited, Annual General Meeting, Nov 23, 2023 Prospect Resources Limited, Annual General Meeting, Nov 23, 2023, at 16:00 W. Australia Standard Time. Location: Level 2, 40 Kings Park Road West Perth Western Australia Australia Agenda: To receive and to consider the Annual Financial Report of the Company for the financial year ended 30 June 2023 together with the declaration of the Directors, the Directors' Report, the Remuneration Report and the Auditor's Report for that financial year; to consider Adoption of Remuneration Report; to consider directorate elections and reelections; to consider Approval of Future Issue of Securities; and to consider other matters. Tillkännagivande • Oct 23
Prospect Resources Limited Announces Retirement of Henian Chen as Non-Executive Director Prospect Resources Limited advised that Mr. Henian Chen will not be standing for re-election as a Non-Executive Director at this year's Annual General Meeting. Mr. Chen will retire as a Non-Executive Director of the Company at the conclusion of the 2023 Annual General Meeting. Mr. Chen joined the Board in November 2017 and has served the company with distinction through various challenges and changed market conditions, ultimately leading to significant value creation for all shareholders. Board Change • Oct 12
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. 5 non-independent directors. Independent Non-Executive Chairman Ken Wheatley 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. Tillkännagivande • Sep 23
Prospect Resources Limited Announces Change of Joint Company Secretary Prospect Resources Limited announced that, following his resignation from the Automic Group, Mr. Lee Tamplin has resigned as the Company's Joint Company Secretary effective immediately. Mr. Tamplin will be replaced by his colleague at the Automic Group, Mr. Harry Miller. Mr. Miller has over 8 years of company secretarial and accounting experience, having previously worked with a leading global accounting firm and is currently acting as Company Secretary to a number of ASX listed companies. Mr. Miller joins existing Joint Company Secretary, Mr. Ian Goldberg, who is also the Company's CFO. For the purposes of ASX Listing Rule 12.6, both Mr. Miller and Mr. Goldberg are the person(s) responsible for communications between the Company and ASX. Board Change • Aug 31
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. 5 non-independent directors. Independent Non-Executive Chairman Ken Wheatley 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. Recent Insider Transactions • Jun 25
MD, CEO & Director recently bought €124k worth of stock On the 22nd of June, Samuel Hosack bought around 2m shares on-market at roughly €0.074 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Samuel has been a buyer over the last 12 months, purchasing a net total of €381k worth in shares. Board Change • Jun 02
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. 5 non-independent directors. Independent Non-Executive Chairman Ken Wheatley 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 03
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. 5 non-independent directors. Independent Non-Executive Chairman Ken Wheatley 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. Reported Earnings • Mar 10
First half 2023 earnings released: AU$0.007 loss per share (vs AU$0.006 loss in 1H 2022) First half 2023 results: AU$0.007 loss per share (further deteriorated from AU$0.006 loss in 1H 2022). Revenue: AU$536.0k (down 51% from 1H 2022). Net loss: AU$3.02m (loss widened 25% from 1H 2022). Revenue is expected to fall by 122% p.a. on average during the next 3 years compared to a 1.2% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Tillkännagivande • Feb 14
Prospect Resources Limited Announces Phase 1 RC Drilling Complete at Omaruru Project Prospect Resources Limited announced that the Phase 1 Reverse Circulation (RC) drilling program at its Omaruru Lithium Project (Earn-In with Osino Resources Corp.) has now been completed in Namibia. Omaruru is located in the highly prospective Karibib region, which hosts multiple LCT-style pegmatites at surface and confirmed by several walk-up targets where previous drilling and historical artisanal workings have returned strong lithium intercepts. It offers outstanding potential to rapidly delineate a Mineral Resource estimate and make significant new lithium discoveries. The Phase 1 program was focussed on the Karlsbrunn and Brockmans pegmatite targets. It comprised 22 RC drillholes for a total of 2,056 metres drilled. All assays are expected to be returned, and initial geological interpretations complete, during first quarter 2023. Board Change • Feb 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. 5 non-independent directors. Independent Non-Executive Chairman Ken Wheatley 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. Tillkännagivande • Feb 06
Prospect Resources Limited Announces Phase 2 Diamond Drilling Program Prospect Resources Limited announce that the Phase 2 diamond drilling program at its Step Aside Lithium Project in Zimbabwe is planned to commence today. The Phase 2 program is planned to build on the success of the Phase 1 campaign by delivering up to 2,000m of step-out drilling targeted at strike and dip extensions of the key identified pegmatite bodies at Step Aside, the so-called ‘Colga A’, ‘D’ and ‘E’ pegmatites. The pegmatite, D, is interpreted to strike over at least 120m and is open to the south and down dip. The Phase 1 RC and diamond program at Step Aside (17 RC holes and 13 diamond holes for a total of 1,636m drilled) was completed in October 2022. It demonstrated robust intercepts of strong lithium tenor (dominated by spodumene mineralisation) at relatively shallow depths, and in multiple locations. Better results from the Phase 1 program included: 6.1m @ 1.49% Li2O from 82.2m (CDD011); 9.0m @ 1.02% Li2O from 38.0m (CRC011B); 8.0m @ 1.09% Li2O from 53.9m (CDD001); 4.4m @ 1.43% Li2O from 52.6m (CDD006); and 6.0m @ 1.05% Li2O from 17.0m (CDD007). Prospect's 100%-owned Step Aside Lithium Project is located within the Archaean Harare Greenstone Belt, approximately 35 km east of Zimbabwe's capital city Harare, with the claim covering approximately 100 hectares. Step Aside is 8 km north of the Arcadia Lithium Mine (under construction), which was discovered and sold to Huayou Cobalt by Prospect last year for approximately USD 378 million in cash. The Step Aside Project consists of a folded sequence of meta-sediments of the Gwebi and Mapfeni Members, of the Passford Formation. These meta-sediments are intruded by north trending pegmatites, dolerites and quartz veins of the Mashonaland Suite, which make up the youngest rocks found within the Harare Greenstone Belt. Six visible mineralised pegmatites (denoted ‘Colga A’ to ‘F’) have been identified within meta- dolerite host rocks at Step Aside. Individual pegmatites, geologically mapped at surface, are all generally parallel to one another, striking roughly north-south with dips of 40-45° to the west geologically mapped at surface. Drilling indicated sub-surface dips of closer to 70°. Pegmatite A on the eastern side and Pegmatite D to the west are the widest, measuring 5- 15m thick and 4-20m thick, respectively. The strike lengths of the A, B, C, D, E and F pegmatite outcrops at surface, are between 50m and 120m long. The Phase 1 drilling campaign at Step Aside was undertaken from July to October 2022 and comprised 17 RC drill holes for 783 metres and 13 diamond drill holes for 853 metres. Phase 1 drilling covered less than 10% of the Step Aside Project claim area, leaving significant potential for further lithium discoveries across this prospective ground holding. Based on the encouraging drilling intersections returned last year, the Company will also complete additional geochemical soil sampling at the northern end of the claim adjacent to Pegmatite E, which was not completely covered by initial exploration of Step Aside in 2018. Tillkännagivande • Jan 23
Prospect Resources Limited Announces Appointment of Mr. Gaurav Gupta to the Prospect Board as Non-Executive Director Prospect Resources Limited advises of the appointment of Mr. Gaurav Gupta to the Prospect Board as a non-executive director. Mr. Gupta manages a Monetary Authority of a Singapore registered family office with high- growth investment holdings across the mineral and biotech industries. Within the mining sector, these investments encompass base and precious metals, coloured gemstones, and the broader Electric Vehicle (EV) supply chain, including a major holding in Prospect Resources through Eagle Eye Asset Holdings Pte Limited (Eagle Eye). Mr. Gupta is being appointed to the Prospect Board as a nominee of Eagle Eye. Mr. Gupta has over 25 years' experience in international trade and is a qualified Chartered Accountant. He holds a Bachelor of Commerce Degree from the University of Delhi. Mr. Gupta replaces Mr. Dev Shetty, who has retired from the Prospect Board. Board Change • Dec 29
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. 5 non-independent directors. Independent Non-Executive Chairman Ken Wheatley 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 • Nov 22
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. 5 non-independent directors. Independent Non-Executive Chairman Ken Wheatley 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. Recent Insider Transactions • Oct 08
MD, CEO & Director recently bought €257k worth of stock On the 3rd of October, Sam Hosack bought around 4m shares on-market at roughly €0.071 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Sam's only on-market trade for the last 12 months. Reported Earnings • Sep 24
Full year 2022 earnings released: AU$0.043 loss per share (vs AU$0.011 loss in FY 2021) Full year 2022 results: AU$0.043 loss per share (further deteriorated from AU$0.011 loss in FY 2021). Net loss: AU$17.8m (loss widened 415% from FY 2021). Revenue is expected to fall by 120% p.a. on average during the next 3 years compared to a 3.9% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 1% per year. Board Change • Sep 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Chairman Ken Wheatley was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jul 09
Non-Executive Chairman recently sold €403k worth of stock On the 4th of July, Mark Wheatley sold around 645k shares on-market at roughly €0.62 per share. In the last 3 months, there was an even bigger sale from another insider worth €467k. This was Mark's only on-market trade for the last 12 months. Recent Insider Transactions • Jun 01
Non-Executive Director recently sold €467k worth of stock On the 26th of May, Gerard Fahey sold around 748k shares on-market at roughly €0.62 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Non-Executive Chairman Ken Wheatley was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 06
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Non-Executive Chairman Ken Wheatley was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 01
Full year 2021 earnings released: AU$0.011 loss per share (vs AU$0.018 loss in FY 2020) Full year 2021 results: Net loss: AU$3.46m (loss narrowed 21% from FY 2020). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Board Change • Sep 03
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Non-Executive Chairman Ken Wheatley was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 20
First half 2021 earnings released: AU$0.004 loss per share (vs AU$0.011 loss in 1H 2020) First half 2021 results: Net loss: AU$1.22m (loss narrowed 53% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 01
Full year earnings released - €0.018 loss per share Over the last 12 months the company has reported total losses of AU$4.39m, with losses narrowing by 26% from the prior year. 
