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FRONTIER DIAMONDS LTD (FDX)

Suspended from ASX

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

 

Shareholder links

Our website ranking of FDX: rating 2
(2 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Computershare, Yarra Falls, 452 Johnston Street, Abbotsford VIC 3067

Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000FDX8
Address: Level 1, 412 Queen Street Melbourne VIC 3000
Tel:  + 61 3 9347 2409 Fax: +61 3 9349 1186

Date first listed: 05/01/2018
Company Secretary: Cesidio DiGiovine
Sector: Materials Industry Group: 
Activities: Mineral mining and development
OFX Transferring Money Internationally to Free

The company lodges its 2019 Annual Financial Report.

30/09/2020

Shareholders in this company should consider crystallising a capital loss in 2020/21 by selling their worthless shares, which they can achieve online by entering transaction details here. While this usually makes good economic sense, we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

13/08/2020

The company lodges its June 2019 Quarterly Activity and Cash Flow Reports.

27/07/2020

The company lodges its 31 December 2018 Half Year Accounts.

16/03/2020

The company provides the following clarifications to the quarterly report lodged 30 January 2020. FDX's Star Mine partner AMR Blom Diamonds is a related party to the director Ernie Blom and therefore is a 10.1 related party. The $3.5m loan from ARM Blom is not currently secured but has the ability to have security and therefore the company will be seeking 10.1 approval. The sale of Sedibeng Mine to be sold to ex-director Jan Louw and associates in lieu of outstanding debts to the related party, FMP eliminating $11.9m of debt is subject to LR 10.1 approval. The company is facing removal from the official list pursuant to GN 33 on 15 March 2020 unless it lodges its half year accounts for 31 December 2018 that was due on 15 March 2019. The company is working with its auditors to lodge these accounts forthwith. This activities report stated that the mine running at 6,000 tonnes per month is expected to produce 42.6 carats per 100 tons (cpht) at an average of $295/ct, before 2.5% real inflationary adjustments projected over the total mine life of 25 years. The company retracts this statement. The company is presently working on dewatering the Mine and will provide an update to the previous resource statement as set out in the Prospectus dated 13 October 2017.

06/02/2020

The company lodges its Quarterly Activities Report December 2019.

30/01/2020

The company releases its Whistleblower Policy.

06/01/2020

The company remains in discussions with a view to updating the market on its financial position and requires further time to finalise funding negotiations and a re-listing strategy. The extension of the voluntary suspension is requested until an announcement is made to the market in relation to the update or the commencement of trading on 1 February 2020, whichever is earlier.

19/12/2019

The company requests a further extension to the voluntary suspension of its securities while it continues its discussions with a view to updating the market on its financial position, funding negotiations and re-listing strategy. The extension is expected to last until an announcement is made regarding the abovementioned or the commencement of trading on 1 November 2019, whichever is earlier.

17/09/2019

The company has not paid their annual listing fees in respect of the year ending 30 June 2020 but the securities are already suspended from official quotation.

22/08/2019

The company requests a further extension to the voluntary suspension of its securities. The extension is requested until an announcement is made in relation to the update of the company's financial position or the commencement of trading on 1 September 2019, whichever is earlier.

07/08/2019

The company lodges its March Quarterly Reports.

12/06/2019

The extension of the voluntary suspension is requested until an announcement is made to the market in relation to the balance of funding commitments or the commencement of trading on 8 June 2019, whichever is earlier.

08/05/2019

The company provides an update on its financial status. An MOU was signed for Star and funding facility of US1.7m. As for the $2.34m rights issue, the negotiations to underwrite are advanced. The placement of $115,000 fundraising was completed. $130,000 in debt funding was received. The creditors and majority of the note holders had an agreement to not call funds and for a portion to convert to equity on the same terms. The Company is currently working with its auditors to complete the half year accounts. The Company remains in discussions with a view to updating the market on its financial position and requires further time to finalise funding negotiations. Therefore, a voluntary suspension extension is requested until an announcement is made to the market in relation to the update or the commencement of trading on 1 May 2019, whichever is earlier.

02/04/2019

Further to the Companies announcement to sell the Star Mine dated 12 February 2019, the Company remains in discussions with a view to updating the market on its financial position and requires further time to finalise funding negotiations. The extension of the voluntary suspension is requested until an announcement is made to the market in relation to the update or the commencement of trading on 1 April 2019, whichever is earlier.

01/03/2019

The company has executed a binding sales agreement with the The Blom Diamond Group for the sale of the Star Mine for proceeds to the company of US$5m.

12/02/2019

The company requests a further extension to the voluntary suspension of its securities first granted on 27 December 2018 and extended on 14 January 2019 and 1 February 2019. The extension of the voluntary suspension is requested until an announcement is made to the market in relation to the update or the commencement of trading on 1 March 2019, whichever is earlier.

08/02/2019

The company requests a further extension to its voluntary suspension. The extension is requested until an announcement is made to the market in relation to the update or the commencement of trading on 8 February 2019, whichever is earlier.

01/02/2019

The company lodges its Quarterly Cashflow Report.

01/02/2019

The company lodges its Quarterly Activities Report.

01/02/2019

The company provides an update on its finances and operations. An agreement was executed to convert AUD$7 million of debt to 46.527m shares at 15 cents per share, subject to shareholder approval. The Company is continuing fundraising discussions. The Company to focus on profitability of Sedibeng Mine and to place Star Mine up for sale. Mine operations have not started since the December break.

31/01/2019

The company requests an extension to the voluntary suspension of its securities until an announcement is made to the market in relation to the update on its financial position or the commencement of trading on 1 February 2019, whichever is earlier.

14/01/2019

The securities of Frontier Diamonds Limited ("˜FDX') will be suspended from quotation immediately under Listing Rule 17.2, at the request of FDX, pending the release of an announcement regarding fundraising

27/12/2018

The suspension of trading in the securities of Frontier Diamonds Limited will be lifted immediately.

15/10/2018

The securities of Frontier Diamonds Ltd will be reinstated to Official Quotation as from the commencement of trading on Monday, 15 October 2018 following lodgement of its Annual Report for the year ended 30 June 2018

12/10/2018

The company releases its Corporate Governance Statement.

12/10/2018

The company releases an Appendix 4G.

12/10/2018

The company lodges its 2018 Annual Report.

12/10/2018

Whilst there has been substantial completion of the audit, with the South African audit report expected to be completed today, it is not expected that the Annual Report will be released until later this week.

09/10/2018

The securities of the company will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2018, following failure to lodge the relevant periodic report for the period ended 30 June 2018 by the due date.

01/10/2018

The suspension of trading in the securities of Frontier Diamonds Limited will be lifted immediately following the release by the Company of an announcement.

05/09/2018

On Wednesday 29th of August during the processing of material from the kimberlite at the Bellsbank Kimberlite Pipe Exploration Project (Bellsbank), and some tailings from Sedibeng Mine the Company recovered a 111.45 carat diamond. The Company has commitments for a total of A$1,075,000 through the placement and the shares will be issued at a price of $0.04 (26,875,000 shares) under the Company's 15% placing ability. The pricing represents a discount of 20% to the market price prior to the commencement of the trading halt.

05/09/2018

The securities of Frontier Diamonds Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of FDX, pending the release of an announcement regarding a production update.

03/09/2018

listed entity carried for record purposes only

05/01/2018

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

     

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Marco MöllerCFO05/01/2018
    Cesidio DiGiovineNon Exec Director06/07/2020
    Ernie BlomExecutive Director19/12/2019
    Frank PetruzzelliExecutive Director05/01/2018

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Mark FreemanExecutive Director12/10/201806/07/2020
    Jan LouwManaging Director05/01/201819/12/2019
    Johan van ReenenChairman05/01/201821/01/2019
    Chris RitchieNon Exec Director12/10/2018
    Michael AddisonNon Exec Director05/01/201804/06/2018

    Date of first appointment, title may have changed.