Akora Resources Ltd (ako) Logo

Akora Resources Ltd (AKO)

___:___ · Basic Materials
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VOLUME
DIV YIELD
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1 YR RETURN
52 WEEK RANGE

AKO Chart

Snapshot

AKO's Principal Activity is the exploration for iron ore in Madagascar.

Share Price Activity

Last (Price)
Change 0.00 (0.00)
Bid / Ask -
Volume
Volume (4w avg)
Turnover
Open
Day Range -
VWAP
Prev Close
Last Trade

Performance

1 Week
1 Month
2022 YTD
1 Year
vs Sector (1yr) -
vs ASX 200 (1yr) -27.93%

Size

Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 1,926 of 2,411
Sector Rank 640 of 885

Key Fundamentals

Shares Issued
Sector Basic Materials
Similar Companies AVQ / PUA / CR9
EPS -$0.018
DPS $0.00
Book Value Per Share $0.13

Broker Consensus

AKO is not covered by a major broker, or data from most recent compilation was omitted due to not meeting QA guidelines.

Announcements

Date Heading Pages File Size Time

Corporate Overview

AKORA Resources Limited (AKO) is an Iron ore exploration in Madagascar. It has acquired three tenement packages with iron mineralisation potential. It holds the tenements over land of some 308 Sqkm within the emerging Archean iron mineralisation province of central and eastern Madagascar.

Incorporation Details

No incorporation details available.

Corporate Details

Head Office Princes Hill VIC 3054
Website www.akoravy.com
Registry Link Market Services
Auditor Hall Chadwick WA Audit Pty Ltd
Date Listed 15 Dec 2020

Upcoming Calendar (Forecasted)

Date Event
25/07/2022 Report (Quarterly)
11/10/2022 Report (Quarterly)
25/10/2022 Report (Quarterly)
27/01/2023 Report (Quarterly)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
No dividends paid.

See Upcoming Dividends for all ASX companies.

Directors & Management

Directors & Management

Name Title Since Bio
Mr Michael (Mike) Henry Stirzaker Non-Executive Chairman,Non-Executive Director Aug 2020

Mr Michael (Mike) Henry Stirzaker

Non-Executive Chairman,Non-Executive Director

Mr Stirzaker was appointed to the board of directors on 22 August 2020. Mr Stirzaker has over 30 years' commercial experience, mainly in mining finance and mining investment. Mr Stirzaker began his career in Sydney as a Chartered Accountant with KMPG before moving into investment banking with HSBC Group and then Kleinwort Benson in London. From 1993 to 2007, Mr Stirzaker was part of the natural resource advisory and investment firm, RFC Group, where he became Joint Managing Director. From 2010 until 2019, Mr Stirzaker was a partner with the private equity mining fund manager, Pacific Road Capital.

Mr Paul Gerard Bibby Chief Executive Officer,Managing Director Jul 2015

Mr Paul Gerard Bibby

Chief Executive Officer,Managing Director

Mr Bibby was appointed to the board of directors on 9 July 2015 and appointed CEO/Managing Director on 1 January 2020. Mr Bibby is a metallurgist with over 35 years' experience in both mining and metals industries. Mr Bibby worked for 23 years with Rio Tinto Limited (formerly CRA Limited) in various operational, technological, and business development roles. With Rio Tinto, Mr Bibby held various operational roles at Rio Tinto Aluminium (formerly Comalco), Kaltim Prima Coal and Rio Tinto Iron Ore (Hamersley Iron). At Trio Tinto Iron Ore, Mr Bibby was manager of metallurgy at both Dampier and Paraburdoo. Mr Bibby joined Zinifex Limited in 2004 as General Manager-Technology and then played a leading role in the merging of Umicore and Zinifex smelting businesses to form Nyrstar and became Chief Development Officer based in London. On returning to Australia, Mr Bibby was appointed Managing Director of OceanaGold Corporation and following OceanaGold, Mr Bibby performed various consulting roles.

Mr John Michael Madden Chief Financial Officer,Company Secretary,Executive Director Oct 2009

Mr John Michael Madden

Chief Financial Officer,Company Secretary,Executive Director

Mr Madden was appointed to the board of directors on 6 October 2009 and is the founder of the Company. Mr Madden has over 30 years' experience in the mining industry. Mr Madden joined Rio Tinto (formerly CRA Limited) from the University of Melbourne in 1981 and held several corporate positions including accounting, planning, business analysis, strategy and acquisition and taxation. Between 1996 and 2000, Mr Madden was Manager-Finance for the Rio Tinto/Freeport Joint Venture in West Papua. From 2001 to 2003, Mr Madden was General Manager-Commercial Morobe Consolidated Goldfields Limited (Morobe controlled the Hidden Valley and Wafi projects) in Papua New Guinea. On his return to Australia, Mr Madden was General Manager-Commercial, Indophil Resources NL where he was responsible for all accounting, business analysis, corporate secretarial, legal and taxation functions in Australia and the Philippines. Since 2007, Mr Madden has provided consulting services to various mining projects in Africa, Asia, and Australia for entities such as Australian Premium Iron Ore JV, Intrepid Mines Limited, Mesa Minerals Limited, and Ok Tedi Mining Limited. Mr Madden negotiated the acquisition of the exploration projects held by the Company and managed the Company since its incorporation.

Director Transactions

AKO directors must report any change in shareholding to the ASX within 5 business days.

See Director Transactions for all ASX companies.

Date Director Type Amount Price Value Notes
11/04/22 John Madden Buy +100,000 $0.349 $34,859 On-market trade
28/01/22 John Madden Buy +100,000 $0.264 $26,395 On-market trade
28/10/21 Stephen Fabian Transfer 181,818 $0.21 $38,181 Off-market transfer
28/10/21 Stephen Fabian Transfer 181,818 $0.21 $38,181 Off-market transfer
26/10/21 John Madden Buy +100,000 $0.233 $23,315 On-market trade
26/10/21 Paul Bibby Buy +42,519 $0.235 $9,991 On-market trade
20/08/21 John Madden Buy +43,000 $0.229 $9,868 On-market trade
05/08/21 Paul Bibby Buy +40,000 $0.252 $10,089 On-market trade
29/04/21 John Madden Buy +57,000 $0.355 $20,250 As advised by the company
29/04/21 Paul Bibby Buy +14,000 $0.368 $5,154 On-market trade

Director Interests

The current holdings of AKO directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
John Madden 11/04/2022 662,344 914,682 N/A N/A
Paul Bibby 31/03/2022 1,586,278 185,682 50,000 N/A
Michael (Mike) Stirzaker 31/03/2022 N/A 100,000 50,000 N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Mar 24, 2022.

It's not possible to publish a real-time Top 20 Shareholder list. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). If a company chooses to publish the data, it's usually once a year in their Annual Report.

All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (<7 days for ASX 300 and up to 30 days for micro-caps).

Name Shares Capital
HSBC Custody Nominees (Australia) Limited 10,534,827 17.13%
Travis Anderson 3,473,855 5.65%
John Charles Tumazos 3,353,486 5.45%
Nicholas John Axam 3,173,517 5.16%
Hsbc Global Custody Nominees Uk Limited 2,732,743 4.44%
Evanachan Limited 1,811,628 2.95%
Alex Jordan 1,744,834 2.84%
Paul Gerard Bibby 1,586,278 2.58%
Mrs Sonia Sharma 1,107,069 1.80%
Cline Mining Corporation 981,492 1.60%
Stephen Leslie Fabian 893,636 1.45%
Michael Francis & Maryanne Francis 750,000 1.22%
David Yonan 687,197 1.12%
John Michael Madden 662,344 1.08%
Caithness Resources Pty Ltd 633,260 1.03%
Dalesam Pty Ltd 630,000 1.02%
Russell Neil Creagh 630,000 1.02%
Ma Bayram Llamas & El Garcia Bayram 583,911 0.95%
Citicorp Nominees Pty Limited 542,987 0.88%
Alan Kenneth Mercer 524,017 0.85%

Shareholder Distribution

As reported in the most recent Annual Report.

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001+ Total
No. of Shareholders 0 0 0 0 0 0

Substantial Shareholders

No Substantial Shareholders for AKO in our database.

Shareholders Buying

12 month transaction history compiled from ASX announcements.

No buy transactions reported by Substantial Shareholders in the past 12 months.

Shareholders Selling

12 month transaction history compiled from ASX announcements.

Date Name Sold Previous % New %
02-03-22 Mackenzie Financial Corporation 3,800,000 6.23 --

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2021 $0.235 30 June
AKO Historical Price Data (CSV)
Up to 20 years of EOD share price history
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