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DISCOVERY METALS LIMITED (DML)

Delisted from ASX 01/09/2015

SHARE PRICES

Former (or subsequent) names

 FROMTO
DISCOVERY METALS LIMITED15/12/2006
DISCOVERY METAL LIMITED08/12/200615/12/2006
DISCOVERY NICKEL LIMITED08/12/2006

Shareholder links

Our website ranking of DML: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Computershare Investor Services, Level 11 172 St Georges Terrace Perth WA 6000
Tel : +61 7 3237 2100 or 1300 552 270
Fax : +61 7 3229 9860
RegistryWebsite RegistryEmail

Company details

ISIN: w
Address: Level 23, 333 Ann Street Brisbane QLD 4000
Tel:  07 3218 0222 Fax: 07 3218 0233

Date first listed: 17/12/2003
Company Secretary: Mr Kerry Parker
Sector: Materials Industry Group: XMJ
Activities: Exploration for nickel and copper deposits in Botswana and Australia
delisted from the close of trading on Monday, 31 August 2015 the company was removed from the Official List pursuant to Listing rule 17.1501/09/2015
we understand this entity did not pay its listing fees because it failed and is in administration 01/09/2015
The following entity (Discovery Metals Limited) has not paid their annual listing fees in respect of the year ending 30 June 2016 but the securities are already suspended from official quotation. Under listing rule 17.15, any entity that has not paid its annual listing fees as required by listing rule 16.5 by 5.00 pm AEST on Monday 31 August 2015 will be removed from the official list with effect from the close of trading on Monday 31 August 2015 25/08/2015
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued (this declaration was issued on 10 June 2015)30/06/2015
the Board of Directors has today appointed Stefan Dopking and Michael Ryan of FTI Consulting as Voluntary Administrators of the Company under Part 5.3A of the Corporations Act. The decision to appoint Voluntary Administrators follows the receipt earlier today of correspondence from DML's Lender Group. DML's Lender Group has demanded full and immediate repayment by DML of all monies (comprising principal repayments, interest and costs). 27/02/2015
The securities of Discovery Metals Limited will be suspended from quotation immediately, in accordance with Listing Rule 17.3, following the appointment of voluntary administrators. Security Code: DML27/02/2015
securities reinstated03/02/2015
The securities of Discovery Metals Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending an announcement in relation to the provision of interim funding and an update on discussions that have been in progress with Cupric Canyon Capital LP in relation to a potential transaction. Security Code: DML30/01/2015
The suspension of trading in the securities of Discovery Metals Limited (the "Company") will be lifted immediately, following receipt of an announcement in relation to a potential transaction with Cupric Canyon Capital LP. Security Code: DML02/12/2014
The suspension of trading in the securities of Discovery Metals Limited (the "Company") will be lifted immediately, following receipt of an announcement in relation to an updated financial model and development plan. Security Code: DML02/12/2014
the Company confirms that discussions seeking to resolve the current situation are active and continuing, and that progress has been made since the last Company update. DML is confident that these discussions will be progressed toward a satisfactory outcome during the coming week. At this time, it is appropriate that DML shares remain suspended from trading for a further week, until Friday 5 December 2014, or such earlier date at which point an announcement will be made regarding the Company's position28/11/2014
the Company confirms that discussions seeking to resolve the current situation are active and continuing. DML is confident that these discussions will be progressed to a satisfactory outcome in the coming weeks. At this time, it is appropriate that DML shares remain suspended from trading until 28 November 2014 or such earlier date, at which point an announcement will be made regarding the Company's position31/10/2014
an Annual General Meeting of the Shareholders of DISCOVERY METALS LIMITED ACN 104 924 423 (the Company) will be held on Thursday, 27 November 2014, commencing at 11:00 am (Brisbane time) at the Christie Corporate Conference Centre, Morgan Room, Level 1, 320 Adelaide Street, Brisbane, Queensland24/10/2014
provides Kalahari Copper Belt Mineral Resources & Ore Reserves Update 14/10/2014
Discovery Metals today advises the market that it has agreed with Sedgman that it is no longer required to complete a capital raising for a minimum of A$15 million by 30 September 2014. DML will continue to repay Sedgman in accordance with the previously announced repayment schedule. As a gesture of good faith, Discovery Metals has prepaid a sum of US$400,000 of the US$1.8 million otherwise due on 31 October 201401/10/2014
The Company now advises that it received a notice of breach from its Lenders stating that the updated Business Plan is not in a form and substance satisfactory to the Lenders, as required under the Amended and Restated Facility Agreement. The Lenders have reserved their rights. The proposed renounceable rights issue announced on 1 September 2014 will now not proceed in the form and timeframe announced. Therefore, the development of the Zeta Underground Mine is on hold. In the interim the Company will continue to operate the open cut operations at Zeta and Plutus, which delivered record copper production in July and August, while it continues to engage in discussions with its Lenders regarding future options18/09/2014
The securities of Discovery Metals Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending an announcement in relation to an updated financial model and development plan. Security Code: DML16/09/2014
securities reinstated19/05/2014
the Company is currently in discussions directly with its lenders to negotiate a term sheet for the re-profiling of the PF Facility and SCRFA. In line with those negotiations, Discovery Metals is pleased to announce that the lenders have granted further waivers in relation to the principal and interest payments owing under the PF Facility and all amounts owing under the SCRFA until 30 May 201415/05/2014
The securities of Discovery Metals Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending an announcement in relation to a debt re-profile. Security Code: DML 15/05/2014
Discovery Metals (the Company) is pleased to announce that it has executed a legally binding term sheet (Term Sheet) with Blumont Group Limited (SGX: A33) (Blumont), an investment holding company listed on the Singapore Stock Exchange, for the recapitalisation of the Company. 19/09/2013
The suspension of trading in the securities of Discovery Metals Limited will be lifted at the commencement of trading tomorrow, Friday, 20 September 2013 following receipt of an announcement in connection with the receipt of a refinancing proposal. Security Code: DML19/09/2013
The securities of Discovery Metals Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending an announcement in connection with the receipt of a refinancing proposal. Security Code: DML19/09/2013
The suspension of trading in the securities of Discovery Metals Limited (the "Company") will be lifted immediately, following receipt of an announcement in relation to the Company" financial position and a potential change of control process. Security Code: DML21/05/2013
Following the Discovery Metals Limited (Discovery Metals) announcement of 2 May 2013 confirming that the Dispute Adjudication Board (DAB) had on 30 April 2013 handed down its decision in favour of Discovery Metals (DAB Decision), there has been correspondence between the parties regarding the DAB Decision. Despite such correspondence, Discovery Metals considers the DAB Decision (which confirmed that the amount of $4,989,650.93 is payable to Discovery Metals by Sedgman), as announced on 2 May 2013 remains legally binding on Sedgman, and will remain so, unless revised through amicable settlement or arbitration09/05/2013
Discovery Metals Limited refers to its voluntary suspension request of Friday, 26 April 2013 and update to ASX of Thursday, 2 May 2013 and provides the following by way of an update in relation to its financing arrangements. Discussions have continued with a number of potential investors and with the Company" banking syndicate. The Company will continue to inform the market of material developments as matters progress09/05/2013
Discovery Metals Limited refers to its voluntary suspension request of Friday, 26 April 2013 and provides the following by way of an update in relation to its financing arrangements. Discussions have continued with a number of potential investors and with the Company" banking syndicate. 02/05/2013
Discovery Metals Limited is pleased to announce that the Supreme Court of Queensland has dismissed Sedgman Limited" (Sedgman) application against the Company regarding a claim that Discovery Metals makes a payment to Sedgman in the amount of $20,027,470.07. The Supreme Court agreed with Discovery Metals that Sedgman acted, among other things, outside the terms of the May 2010 Engineering Procurement & Construction FIDIC Contract (EPCC) in trying to bypass a very clear dispute resolution and arbitration process set out in the EPCC30/04/2013
The securities of Discovery Metals Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending an announcement with regard to its financing arrangements, including an accelerated non-renounceable entitlement offer. Security Code: DML26/04/2013
name changed from Discovery Metal Limited15/12/2006

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    25/10/2013Jeremy ReadOn market790,732$0.085$67,212
    27/02/2013Brad SampsonOn market2,000$0.600$1,200
    22/02/2013Brad SampsonOn market8,000$0.632$5,060
    22/02/2013Niall LenahanOn market150,000$0.620$93,000
    21/02/2013Brad SampsonOn market10,000$0.590$5,900

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Jeremy ReadNon Exec Chairman30/05/2003
    Bob FulkerManaging Director04/11/2013
    Kerry ParkerCFO11/08/2014
    Royston DenysschenNon Exec Director09/07/2014
    Paul FrederiksNon Exec Director26/10/2012

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Ribson GabonoweNon Exec Director30/05/200824/12/2014
    Russell LuxfordNon Exec Director25/09/201316/12/2014
    Brad SampsonManaging Director01/02/200831/12/2013
    Niall LenahanNon Exec Director02/04/201204/11/2013
    John ShawChairman, Non Exec Director13/11/200629/10/2013
    Gordon GaltChairman09/05/200720/05/2013
    Morrice CordinerNon Exec Director30/05/200320/05/2013
    Paul FultonCFO01/09/201126/10/2012
    Tom EadieChairman14/10/200309/05/2007
    Scott ReidNon Exec Director30/05/200301/08/2006
    Marc-Antoine AudetNon Exec Director30/08/2005
    Scott BruceNon Exec Director18/12/200325/06/2004

    Date of first appointment, title may have changed.