Megado Gold Ltd (meg) Logo

Megado Gold Ltd (MEG)

___:___ · Basic Materials
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52 WEEK RANGE

MEG Chart

Snapshot

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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Volume
Volume (4w avg)
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Day Range -
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Last Trade

Performance

1 Week
1 Month
2022 YTD
1 Year
vs Sector (1yr) -14.95%
vs ASX 200 (1yr) -18.05%

Size

Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 2,254 of 2,413
Sector Rank 815 of 886

Key Fundamentals

Shares Issued
Sector Basic Materials
Similar Companies CML / OSM / CMC
EPS -$0.014
DPS $0.00
Book Value Per Share $0.09

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

Corporate 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 (Forecasted)

Date Event
27/07/2022 Report (Quarterly)
27/10/2022 Report (Quarterly)
23/01/2023 Report (Quarterly)
17/03/2023 Report (Annual)

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
Ms Marta Luisa Ortiz Ortega Non-Executive Director Aug 2020

Ms Marta Luisa Ortiz Ortega

Non-Executive Director

Mr Ortega 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.

Mr Bradley (Brad) Drabsch Non-Executive Chairman,Non-Executive Director Feb 2020

Mr Bradley (Brad) Drabsch

Non-Executive Chairman,Non-Executive Director

Mr Drabsch is a qualified geologist with over 20 years' experience in the mineral exploration industry. Mr Drabsch has acted as Managing Director, Director and Exploration Manager along with technical roles in his earlier career. Mr Drabsch has previously acted as Managing Director of DiscovEx Resources Limited (ASX:DCX) and Trek Metals Ltd (ASX:TKM), is a founding Director of Centrepeak Resources Group Pty Ltd (CRG) a niche resources investment company which led the back door listing of gold development company Capricorn Metals Ltd (ASX:CMM). Mr Drabsch has previously worked as Exploration Manager for Doray Minerals Ltd (ASX:DRM), Montezuma Mining Company Limited (ASX:MZM) and Duketon Mining Ltd (ASX:DKM) and in key exploration roles for Ivanhoe Mines Ltd (TSX:IVN) in Mongolia and Independence Group NL (ASX:IGO).

Dr Chris Bowden Director-Exploration Feb 2020

Dr Chris Bowden

Director-Exploration

Mr 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 success in 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

Mr Aaron Bertolatti

Company Secretary,Finance Director

Mr Bertolatti is a qualified Chartered Accountant and Company Secretary with over 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 significant experience in the administration of ASX listed companies, corporate governance and corporate finance.

Mr Michael Gumbley Chief Executive Officer,Managing Director Mar 2019

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-forprofit 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 Transactions

MEG 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
14/04/22 Aaron Bertolatti Sell +500,000 $0.20 ($100,000) On-market trade

Director Interests

The current holdings of MEG directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Aaron Bertolatti 14/04/2022 N/A 5,783,334 400,000 N/A
Michael Gumbley 31/12/2021 2,305,001 N/A 1,400,000 N/A
Marta Ortiz Ortega 31/12/2021 3,745,763 N/A N/A N/A
Chris Bowden 31/12/2021 N/A 585,000 2,500,000 N/A
Bradley (Brad) Drabsch 31/12/2021 600,000 N/A 750,000 N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Mar 11, 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
Profusion Discovery Fund Ltd 4,000,000 5.59%
Mrs Marta Luisa Ortiz Ortega 3,745,763 5.24%
Jawaf Enterprises Pty Ltd <Hall Family A/C> 3,162,103 4.42%
Mr Pablo Artinano Del Rio 3,138,164 4.39%
Sol Sal Investments Pty Ltd <Sol Sal Investments A/C> 2,821,500 3.95%
Mr Michael Kenneth Francis Gumbley 2,305,001 3.22%
Mr Aaron Dean Bertolatti <Bertolatti Family A/C> 2,283,334 3.19%
Crown Luggers Pty Ltd 2,008,667 2.81%
Alster Investment Llc 1,860,955 2.60%
Ms Lillian Ruth Rodriguez Sims + Mr Pedro Rodriguez Fernandez 1,400,000 1.96%
Norfolk Blue Pty Ltd <Norfolk Blue A/C> 1,340,558 1.87%
Flourish Super Pty Ltd <Flourish S/F A/C> 1,296,500 1.81%
Mr Andres Artinano 1,141,314 1.60%
Crau Mining Sl 1,100,781 1.54%
Fikru Birhanu Motuma 1,012,816 1.42%
Dorran Pty Ltd 1,000,000 1.40%
E & E Hall Pty Ltd <E & E Hall P/L S/F A/C> 833,333 1.17%
Lillian Ruth Rodriguez Sims 795,889 1.11%
Ms Patricia Fernandez-Sancho Bernal 710,980 0.99%
Mr Bradley James Drabsch <Oceantobush A/C> 600,000 0.84%

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 15 70 91 229 165 570

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 11/03/2022 4,000,000 5.59
Marta Luisa Ortiz Ortega 11/03/2022 3,745,763 5.24

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.

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

Historical Data

Year Closing Price Last Trade
2021 $0.135 30 June
MEG Historical Price Data (CSV)
Up to 20 years of EOD share price history
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