Companies / BEZ

BESRA GOLD INC.

ASX:BEZMaterials
418.1M shares on issueASX (delayed) · snapshot 11 Sept 2026457.4M fully diluted+9.4% if every option and right converts$0.071price · delayed$29.7Mmarket cap · indicative

Today’s holders own 91.4% of what they think they own, once every option and right converts.

Low
Dilution risk

Runway 4–8 quarters; options/rights overhang 9% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway7.3 quarters of funding
Share-count growth (24m)0.0%no issuance filings since 2024
Raise cadence (24m)0 cash raises
Options & rights overhang9.4% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

BESRA GOLD INC. has not lodged any share-issuance filings on record in the past 24 months. The company has not raised capital in the past 24 months. Options and rights on issue could convert into 39M new shares, representing 9.4% of the current share count, with the nearest expiry in October 2026; none of these are currently in the money. As of the June 2026 quarter, BESRA GOLD INC. reported A$8.3M in available cash, which covers approximately 7.3 quarters of its recent operational expenditure. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 8 Sept 2026
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9.4%
Options & rights overhang
0.0%
In-the-money supply
0
Raises · last 12 months
7.3 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 418.1M per ASX (delayed) (snapshot 11 Sept 2026).
415.0M417.5M420.0MDec 24Oct 25Sept 26418.1M

Cash runway

7.3 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Apr 2028 at the reported spend rate.
$8.3M cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $9.2M cash at quarter end (item 4.6), 8.1 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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11 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
8 Oct 20253H · cancellationBEZ : CHESS DEPOSITARY INTERESTS415.5MAppendix 3H
28 Sept 20253H · cancellationBEZ : CHESS DEPOSITARY INTERESTS 1:1415.5MAppendix 3H
3 Jan 20253G · unquotedCHESS DEPOSITARY INTERESTS 1:1415.5MAppendix 3G
4 June 20243G · unquotedBEZ : CHESS DEPOSITARY INTERESTS 1:1418.1MAppendix 3G
4 June 20243G · unquotedBEZ : CHESS DEPOSITARY INTERESTS 1:1418.1MAppendix 3G

Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (415.5M) need not equal the current count above (418.1M).

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6 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

No equity raises in the last 24 months.
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Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

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5 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

9.4%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
39.3M
Potential new shares
Oct 2026
Nearest expiry
What a price move would switch on
19.6M39.3M$0.071 now0.25× today ($0.018) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.035) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.053) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.071) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.089) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.106) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.142) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.213) — 0 of the priced supply in the money, 0.0% of shares on issue5× today ($0.355) — 13.6M of the priced supply in the money, 3.3% of shares on issue10× today ($0.710) — 39.3M of the priced supply in the money, 9.4% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.071 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 5× today’s price, which takes it to 13.6M (3.3% of shares).

  • Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
CodeSecurityTypeExercise priceExpiryOn issueSource
BEZADOptionsPrice-triggered$0.308 Oct 20263.6MFiling
BEZAEOptionsPrice-triggered$0.408 Oct 20263.6MFiling
BEZAQOptionsPrice-triggered$0.251 Dec 202610.0MFiling
BEZAROptionsPrice-triggered$0.451 Dec 202610.0MFiling
BEZAPOptionsPrice-triggered$0.4531 Dec 202612.0MFiling

“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column.

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5 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
3 Jan 2025Chang Loong LeeOther—7.0M——3Y notice
3 Jan 2025Chang Loong LeeOther402k7.0M——3Y notice
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2 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

11 Sept 2026Statement of CDIs on issue - BEZ
14 Aug 2026Update on purported notice under s.143 of CBCA
7 Aug 2026Receipt of Purported Notice under s.143 of CBCA
5 Aug 20262026 Annual General Meeting Date
4 Aug 2026Statement of CDIs on issue - BEZ
4 Aug 2026Change of Company Secretary
4 Aug 2026Invalidity of purported notice under s 143 of CBCA
31 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
31 July 2026Update on ML 05/2012/1D Renewal Discussions
16 July 2026Receipt of Purported Notice under s.143 of CBCA
9 July 2026Statement of CDIs on issue - BEZ
7 July 2026Update on Purported Notices under s.143 of CBCA
30 June 2026Receipt of Purported Notice under s.143 of CBCA
19 June 2026Receipt of Purported Notice under S143 of CBCA
18 June 2026Final Director's Interest Notice
17 June 2026Results of Meeting
17 June 2026Report of Voting Results
10 June 2026Letter to Shareholders
1 June 2026Statement of CDIs on issue - BEZ
19 May 2026Notice of Meeting and Mgt Information Circular Proxy Form

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.