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17 May 2024
| Name: | DISCOVERY METALS LIMITED (DML) | |||||||||
| Date of Listing: | 17 December 2003 | |||||||||
| Date of Delisting: | 01 September 2015 | |||||||||
| Former Names: |
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Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 01 September 2015.Legal Status:
ACN: 104 924 423ABN: 29 104 924 423
Registration Date: 30 May 2003
Deregistration Date: 05 November 2017
Capital Gains Tax (CGT) Status:
This entity was deregistered on 05 November 2017. Deregistration is a Capital Gains Tax Event. In our opinion you are entitled to crystallise any capital loss in the tax year that deregistration occurs providing you have not previously done so. If you did not crystallise your loss in the tax year the entity was deregistered, you may seek to re-open that year’s assessment but anyway should seek professional advice as to how best to proceed.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
| Company | FROM | TO |
|---|---|---|
| DISCOVERY METALS LIMITED | 15/12/2006 | |
| DISCOVERY METAL LIMITED | 08/12/2006 | 15/12/2006 |
| DISCOVERY NICKEL LIMITED | 08/12/2006 |
REGISTRY:
Computershare Brisbane
Level 1, 200 Mary Street Brisbane QLD 4000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 7 3229 9860
RegistryWebsite RegistryEmail
company deregistered today | 05/11/2017 |
delisted from the close of trading on Monday, 31 August 2015 the company was removed from the Official List pursuant to Listing rule 17.15 | 01/09/2015 |
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 |
Stefan Dopking and Michael Joseph Ryan appointed Liquidators | 10/06/2015 |
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: DML | 27/02/2015 |
securities reinstated | 03/02/2015 |
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: DML | 30/01/2015 |
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: DML | 02/12/2014 |
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: DML | 02/12/2014 |
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 position | 28/11/2014 |
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 position | 31/10/2014 |
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, Queensland | 24/10/2014 |
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 2014 | 01/10/2014 |
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 options | 18/09/2014 |
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: DML | 16/09/2014 |
securities reinstated | 19/05/2014 |
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 2014 | 15/05/2014 |
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: DML | 19/09/2013 |
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: DML | 19/09/2013 |
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: DML | 21/05/2013 |
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 arbitration | 09/05/2013 |
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 progress | 09/05/2013 |
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 EPCC | 30/04/2013 |
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: DML | 26/04/2013 |
name changed from Discovery Metal Limited | 15/12/2006 |
company deregistered today | 05/11/2017 |
delisted from the close of trading on Monday, 31 August 2015 the company was removed from the Official List pursuant to Listing rule 17.15 | 01/09/2015 |
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 |
Stefan Dopking and Michael Joseph Ryan appointed Liquidators | 10/06/2015 |
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: DML | 27/02/2015 |
securities reinstated | 03/02/2015 |
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: DML | 30/01/2015 |
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: DML | 02/12/2014 |
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: DML | 02/12/2014 |
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 position | 28/11/2014 |
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 position | 31/10/2014 |
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, Queensland | 24/10/2014 |
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 2014 | 01/10/2014 |
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 options | 18/09/2014 |
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: DML | 16/09/2014 |
securities reinstated | 19/05/2014 |
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 2014 | 15/05/2014 |
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: DML | 19/09/2013 |
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: DML | 19/09/2013 |
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: DML | 21/05/2013 |
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 arbitration | 09/05/2013 |
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 progress | 09/05/2013 |
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 EPCC | 30/04/2013 |
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: DML | 26/04/2013 |
name changed from Discovery Metal Limited | 15/12/2006 |
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Purchases Sales
| DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|---|
| 25/10/2013 | Jeremy Read | On market | 790,732 | $0.085 | $67,212 |
| 27/02/2013 | Brad Sampson | On market | 2,000 | $0.600 | $1,200 |
| 22/02/2013 | Brad Sampson | On market | 8,000 | $0.632 | $5,060 |
| 22/02/2013 | Niall Lenahan | On market | 150,000 | $0.620 | $93,000 |
| 21/02/2013 | Brad Sampson | On market | 10,000 | $0.590 | $5,900 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Jeremy Read | Non Exec Chairman | 30/05/2003 |
| Bob Fulker | Managing Director | 04/11/2013 |
| Kerry Parker | CFO | 11/08/2014 |
| Paul Frederiks | Non Exec Director | 26/10/2012 |
| Royston Denysschen | Non Exec Director | 09/07/2014 |
| Kerry Parker | Company Secretary |
Date of first appointment, title may have changed.
SPECIAL NOTE: During May 2024 we are working to remove duplications in the Company Secretary role.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Ribson Gabonowe | Non Exec Director | 30/05/2008 | 24/12/2014 |
| Russell Luxford | Non Exec Director | 25/09/2013 | 16/12/2014 |
| Brad Sampson | Managing Director | 01/02/2008 | 31/12/2013 |
| Niall Lenahan | Non Exec Director | 02/04/2012 | 04/11/2013 |
| John Shaw | Chairman, Non Exec Director | 13/11/2006 | 29/10/2013 |
| Gordon Galt | Chairman | 09/05/2007 | 20/05/2013 |
| Morrice Cordiner | Non Exec Director | 30/05/2003 | 20/05/2013 |
| Paul Fulton | CFO | 01/09/2011 | 26/10/2012 |
| Tom Eadie | Chairman | 14/10/2003 | 09/05/2007 |
| Scott Reid | Non Exec Director | 30/05/2003 | 01/08/2006 |
| Marc-Antoine Audet | Non Exec Director | 30/08/2005 | |
| Scott Bruce | Non Exec Director | 18/12/2003 | 25/06/2004 |
Date of first appointment, title may have changed.
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