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ASX queries Padbury's $106m raising plans

Padbury Mining has again attracted regulatory attention, with the company acknowledging it should have notified the ASX when it negotiated potential capital raisings worth $106 million with a Hong Kong-based investor last year.

The ASX sent notice to Padbury last week asking the company to explain why statements in its annual report, released December 19, mentioned a proposed $2 million and $98 million placement to Hong Kong investment group Zhongying Property Development Company (ZYPD) but wasn’t disclosed to the Australian bourse when discussions were entered into in June.

In response, Padbury said it felt it would have been misleading the market by announcing the deal prior to it being completed.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/03/17

1 year TSR5 year TSR
26thFlinders Mines488%-24%
412thAlchemy Resources20%-33%
501stEntek Energy1%-45%
509thAustSino Resources Group0%-5%
610thRed Emperor Resources-16%-49%
706 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

04/07/12
$6k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

284th-AustSino Resources Group$53k
304th-Flinders Mines$33k
305th↓Entek Energy$32k
307th↓Alchemy Resources$30k
308th↓Red Emperor Resources$28k
505 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from AustSino Resources Group

1529thWilliam Han$50k
Ranked by total remuneration from all listed WA companies

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