Duyuru • Feb 26
Red Hawk Mining Limited Announces Resignation of Directors Red Hawk Mining Limited announced the resignation of Directors Ms. Amy Jiang and Mr. Rob Foster from the Red Hawk Board. Mr. Foster joined the Board in October 2022 as the nominee non-executive director of major shareholder TIO (NZ) Limited (TIO). Ms. Jiang was the nominee non-executive director of major shareholder OCJ Investment (Australia) Pty Ltd. (OCJ) and joined the Red Hawk Board in March 2021. New Risk • Oct 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €90.9m (US$98.6m) 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Revenue is less than US$1m (AU$18k revenue, or US$12k). Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (€90.9m market cap, or US$98.6m). Duyuru • Sep 27
Red Hawk Mining Limited, Annual General Meeting, Nov 26, 2024 Red Hawk Mining Limited, Annual General Meeting, Nov 26, 2024. Location: at central park, level 39, 152-158 st georges terrace, perth Australia New Risk • Sep 25
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 German stocks, typically moving 13% 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 Share price has been highly volatile over the past 3 months (13% average weekly change). Revenue is less than US$1m (AU$214k revenue, or US$147k). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). New Risk • Aug 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €90.2m (US$98.4m) 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$5.0k revenue, or US$3.2k). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (€90.2m market cap, or US$98.4m). Duyuru • Aug 02
Red Hawk Mining Limited Appoints Michaela Stanton-Cook as Joint Company Secretary, Effective August 2, 2024 Red Hawk Mining Limited advised that Ms. Michaela Stanton-Cook has on August 2, 2024 been appointed as Joint Company Secretary of the Company. Ms. Stanton-Cook is a Chartered Secretary with national governance service provider, Source Governance, and is experienced in providing company secretarial and corporate advisory services to ASX listed and private companies across various industries. Michaela is a qualified lawyer and member
of the Governance Institute of Australia. The Company further advises that Ms. Lisa Wynne will remain as Joint Company Secretary. Duyuru • Mar 12
Red Hawk Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 12.549622 million. Red Hawk Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 12.549622 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,916,037
Price\Range: AUD 0.6
Transaction Features: Rights Offering New Risk • Nov 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.5% 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 Share price has been highly volatile over the past 3 months (22% average weekly change). High level of non-cash earnings (30% accrual ratio). Revenue is less than US$1m (AU$50k revenue, or US$33k). Minor Risks Shareholders have been diluted in the past year (7.5% increase in shares outstanding). Market cap is less than US$100m (€70.0m market cap, or US$76.8m). Board Change • Nov 26
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 Dan Harris 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. Duyuru • Nov 21
Red Hawk Mining Limited Announces Board Changes Red Hawk Mining Limited advised that its Board of Directors will be reduced to five members effective immediately. The reduction will "right size" the Board for a company of Red Hawk's size, complexity and shareholder composition. The Board of Red Hawk will now consist of the following members: The Hon. Cheryl Edwardes AM - Independent Non-Executive Chair, Mr. Steven Michael - Managing Director and Chief Executive Officer, Mr. Daniel Harris - Independent Non-Executive Director, Mr. Rob Foster - Non-Executive Director (nominee of TIO (NZ) Limited), Ms Amy Jiang - Non-Executive Director (nominee of OCJ Investments (Australia) Pty Ltd), Messrs Michael Wolley and James Gurry have tendered their resignations from the Board, effective immediately. Duyuru • Sep 27
Red Hawk Mining Limited, Annual General Meeting, Nov 21, 2023 Red Hawk Mining Limited, Annual General Meeting, Nov 21, 2023, at 10:00 W. Australia Standard Time. New Risk • Sep 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 30% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). High level of non-cash earnings (30% accrual ratio). Revenue is less than US$1m (AU$50k revenue, or US$32k). Minor Risk Market cap is less than US$100m (€79.7m market cap, or US$84.8m). Duyuru • Jul 31
Flinders Mines Limited Commences Scoping Study At the 100%-Owned Pilbara Iron Ore Project in the Pilbara Region of Western Australia Flinders Mines Limited provided the following activities report which summarise progress achieved during the quarter ended 30 June 2023 (June Quarter). Pilbara Iron Ore Project. Flinders has commenced a Scoping Study at the 100%-owned Pilbara Iron Ore Project (PIOP) in the Pilbara region of Western Australia. The Scoping Study is intended to 'right size' the development of the PIOP, with a focus on speed to market and lowering upfront capital. The Scoping Study will provide a 'base case' scenario, based on a sustainable production rate of up to 3 million tonnes per annum of +60% Fe direct shipping ore (DSO) utilising public access and third-party transport and export infrastructure where possible. Flinders has engaged several reputable technical and financial consultants to deliver the Scoping Study, including CSA Global, Orelogy Mine Consulting, Ausenco and FTI Consulting. During the June Quarter, an extensive amount of work was undertaken on progressing the Scoping Study, including geological reinterpretation of the Delta and Paragon deposits, with a focus on defining DSO grade mineralisation. The results of the Scoping Study are expected to be released in third quarter 2023. As announced post the June Quarter, the Company, Todd Corporation and BBIG Group Pty Ltd. (BBIG) mutually agreed to terminate the agreement for the Company to acquire 100% of Forge Resources Swan Pty Ltd. (Proposed Transaction), which included the assets of BBIG's Balla Balla Infrastructure Project. The termination of the Proposed Transaction was due to the Conditions Precedent being unable to be fulfilled within the specified timeline required under the agreement. The Company will now retain the $3.3 million purchase consideration and will no longer be obliged to meet ongoing capital expenditure commitments of approximately $2 million per annum for tenement expenditure and maintenance. The Company has directed these savings towards the completion of the Scoping Study, including heritage and environmental programs, and to continue the DSO resource evaluation. Canegrass Project. The Canegrass Project is subject to a Farm-in Agreement (Canegrass FIA) with Viking Mines Limited (Viking), whereby Viking can earn up to a 99% interest in the Canegrass tenements by spending $4 million on exploration and making payments to Flinders of $1.25 million over 54 months (from 30 November 2022). Duyuru • Jan 17
Flinders Mines Limited (ASX:FMS) entered into binding agreement to acquire Forge Resources Swan Pty Ltd from BBIG Group Pty Ltd for AUD 3.3 million. Flinders Mines Limited (ASX:FMS) entered into binding agreement to acquire Forge Resources Swan Pty Ltd from BBIG Group Pty Ltd for AUD 3.3 million on January 17, 2023. Flinders Mines and BBIG will now work together toward achieving the various conditions for the Proposed Transaction, which include: Flinders obtaining FIRB approval in relation to the acquisition of the shares in FRS; and completion by BBIG of an internal restructure to give effect to the staged acquisition of the Infrastructure Project and BBIG's retention of assets held by FRS which do not form part of the Infrastructure Project, noting this internal restructure is conditional upon: FIRB approval; corporate reconstruction relief in respect of the transfer of assets held by FRS which do not form part of the Infrastructure Project to another BBIG subsidiary; and consent from the Ngarluma Aboriginal Corporation in relation to the transfer of the assets held by FRS which are not part of the Infrastructure Project to the same BBIG subsidiary. 