Megado Gold Ltd (meg) Logo

Megado Gold Ltd (MEG)

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MEG's Principal Activity is the megado Gold Ltd holds five high-quality gold exploration assets covering 511km2 and one licence application covering 227km2 in southern and western Ethiopia with the geological potential to host gold deposits of significant scale.

Share Price Activity

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Performance

1 Week
1 Month
2021 YTD
1 Year
vs Sector (1yr) -76.69%
vs ASX 200 (1yr) -67.19%

Size

Market Capitalisation
ASX Rank 2214 of 2,560
Sector Rank 636 of 676

Key Information

Shares Issued
Sector Basic Materials
Similar Companies AHN / VAR / RNX
EPS $0.00
DPS $0.00
NTA per share $0.00

Broker Consensus

MEG 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

Company Overview

Megado Gold Limited (MEG) is an exploration company with five granted gold exploration assets covering 511Sqkm and one licence application covering 227Sqkm in southern and western Ethiopia.

Incorporation Details

No incorporation details available.

Corporate Details

Head Office Perth WA 6000
Website www.megadogold.com
Registry Computershare
Auditor BDO Audit (WA) Pty Ltd
Date Listed 27 Oct 2020

Upcoming Calendar

Date Event
28/01/2022 Report (Quarterly)
22/03/2022 Report (Annual)

Dividend History

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
Ms Marta Luisa Ortiz Ortega Non-Executive Director Aug 2020 Director Bio icon

Ms Marta Luisa Ortiz Ortega

Non-Executive Director

Ms Ortiz has 20 years of international business development experience in the consumer finance and payments industry, working for major banks in both the USA and Europe. She is a founding partner of Crau Group, a private Spanish company, promoting investment and economic development in Ethiopia. Current projects are focused on the mining and agricultural sectors. Her role has been to launch new ventures in Ethiopia through the negotiation of strategic partnerships and local execution of deals.

Mr Bradley Drabsch Non-Executive Chairman,Non-Executive Director Feb 2020 Director Bio icon

Mr Bradley Drabsch

Non-Executive Chairman,Non-Executive Director

Mr Drabsch have 20 years experience in the minerals exploration industry. Brad has previously worked as Exploration Manager for Doray Minerals Limited (ASX: DRM) and Duketon Mining Limited (ASX: DKM) and in key exploration roles for Ivanhoe Mines (TSX: IVN) and Independence Group NL (ASX: IGO). Brad has a technical background with a focus on remote greenfield mineral exploration.

Dr Chris Bowden Director-Exploration Feb 2020 Director Bio icon

Dr Chris Bowden

Director-Exploration

Dr Bowden is a minerals industry professional with over 20 years experience globally in exploration, deposit discovery, resource delineation, feasibility studies, and mining. Chris was the Exploration & General Manager of ASCOM Precious Metals Mining in East Africa for 5 years, based in Addis Ababa, Ethiopia. The role involved the exploration and development of orogenic gold, VMS gold and base metal projects in Ethiopia, Sudan and elsewhere in East and North Africa. He was responsible for the development of the Dish Mountain Gold Deposit from initial discovery, mapping, drilling, modelling, feasibility studies, and coordination of the overall African portfolio achieving a resource base approaching 2 million ounces of gold. Chris has had numerous roles, including: Exploration Manager in South Korea for Southern Gold Ltd (ASX: SAU); Senior Geologist for Auzex Resources Ltd (ASX: AZX); and Ivanhoe Mines Ltd throughout Mongolia and China (TSX: IVN). Chris has a deep understanding of the discovery, exploration and development of gold and mineral projects.

Mr Aaron Bertolatti Company Secretary,Finance Director Mar 2019 Director Bio icon

Mr Aaron Bertolatti

Company Secretary,Finance Director

Mr Bertolatti have 15 years experience in the mining industry and accounting profession. Aaron has both local and international experience and provides assistance to a number of resource companies with financial accounting and stock exchange compliance. Aaron has experience in the administration of ASX listed companies, corporate governance and corporate finance.

Mr Michael Gumbley Chief Executive Officer,Managing Director Mar 2019 Director Bio icon

Mr Michael Gumbley

Chief Executive Officer,Managing Director

Mr Gumbley has over 18 years international finance experience as Chief Financial Officer and Operations Financial Manager with aid and not-for-profit organisations. Michael has a deep understanding and experience in negotiating, collaborating and delivering projects in developing nations in Africa and Asia, including in Ethiopia, where he collaborated with local partners, government, and other institutions to successfully deploy over US$60 million in developing more than 6,000 charitable water projects.

Director Interests

The current holdings of MEG directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Michael Gumbley 31/12/2020 N/A 2,305,001 1,400,000 N/A
Marta Ortiz Ortega 31/12/2020 N/A 3,745,763 N/A N/A
Chris Bowden 31/12/2020 N/A 585,000 2,500,000 N/A
Aaron Bertolatti 31/12/2020 N/A 2,283,334 400,000 N/A
Bradley Drabsch 31/12/2020 N/A 600,000 750,000 N/A

Shareholder Info

Top 20 Shareholders About the Data

Data supplied by Morningstar and accurate on Mar 8, 2021.

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
Profusion Discovery Fund Ltd 2,000,000 4.90%
Sol Sal Investments Pty Ltd <Sol Sal Investments A/C> 1,571,000 3.85%
Norfolk Blue Pty Ltd <Norfolk Blue A/C> 974,558 2.39%
Flourish Super Pty Ltd <Flourish S/F A/C> 896,500 2.20%
Dorran Pty Ltd 857,386 2.10%
Parry Capital Management Ltd <Parry Spec SIT SP Fund A/C> 750,000 1.84%
National Nominees Limited <Db A/C> 750,000 1.84%
Cs Third Nominees Pty Limited <HSBC CUST NOM AU Ltd 13 A/C> 700,000 1.72%
JAWAF Enterprises Pty Ltd <Hall Family A/C> 584,552 1.43%
Mr Justin Harmon 545,000 1.34%
Mrs Marta Luisa Ortiz Ortega 542,500 1.33%
RDA Asset Management Limited 500,000 1.23%
Mr Arthur Laundy <Laundy S/Fund A/C> 500,000 1.23%
Mr Derek Robert Mc Comber + Mrs Susan Mc Comber <Mc Comber Family S/Fund A/C> 500,000 1.23%
Mr Francis Scott Funston + Mrs Victoria Alexis Suzanne Funston <The Funston Investment A/C> 495,778 1.22%
Mr Aaron Dean Bertolatti <Bertolatti Family A/C> 477,501 1.17%
Mr Michael Kenneth Francis Gumbley 456,001 1.12%
Hsbc Custody Nominees (Australia) Limited 420,000 1.03%
Associated Metal Craft Pty Ltd 400,000 0.98%
Mr Michael Pearce + Ms Elizabeth Hazleton Pearce <Pearce Family A/C> 360,000 0.88%

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 6 0 78 260 135 479

Substantial Shareholders

A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.

Shareholding changes less than 1% do not require notification to the market. When all “Last Notice” dates are identical, it suggests that no (or minimal) change has occurred since the most recent Annual Report.

Name Last Notice Total Shares Shares Held (%)
Profusion Discovery Fund Ltd 08/03/2021 4,000,000 5.60
Marta Luisa Ortiz Ortega 08/03/2021 3,745,763 5.24

Shareholders Buying

12 month transaction history compiled from ASX announcements.

Date Name Bought Previous % New %
27-10-20 New Frugalitas Fund Limited 4,000,000 -- 5.59

Shareholders Selling

12 month transaction history compiled from ASX announcements.

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

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover
Market Index, ASX and Morningstar Logos

All data on this page is supplied by the ASX, Morningstar and Market Index. Read the disclaimer.