Companies / CNJ

CONICO LTD

ASX:CNJMaterials
652.0M shares on issueASX (delayed) · snapshot 11 Sept 2026855.5M fully diluted+31.2% if every option and right converts$0.009price · delayed$5.9Mmarket cap · indicative

Today’s holders own 76.2% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 137% in 24 months; 4 cash raises in 24 months; options/rights overhang 31% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway15.3 quarters of funding
Share-count growth (24m)136.9%
Raise cadence (24m)4 cash raises
Options & rights overhang31.2% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

CONICO LTD reported a share consolidation occurred in December 2025, approximately 1-for-8. After adjusting for this, the ordinary share count grew 136.9% between July 2024 and February 2026, reaching a latest disclosed figure of 652M shares. The company raised capital four times in the past 24 months, with total disclosed proceeds of A$6.9M, the latest being a placement in February 2026. Options on issue could convert into 204M new shares, representing 31.2% of the current share count, with no options currently in the money; the nearest expiry date is December 2026. As of the June 2026 quarter, CONICO LTD had A$2.4M in available cash, sufficient for approximately 15.3 quarters at its recent spending rate. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 10 Sept 2026
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31.2%
Options & rights overhang
0.0%
In-the-money supply
3
Raises · last 12 months
15.3 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. Adjusted for the 1-for-8 consolidation (1 Dec 2025). Latest count 652.0M per ASX (delayed) (snapshot 11 Sept 2026).
0M250M500MDec 24Oct 25Sept 261-for-8 consolidationCash raise · 5 Feb 2026Cash raise · 4 Dec 2025Cash raise · 4 Dec 2025Cash raise · 5 June 2025652.0M

Cash runway

15.3 qtrs
More than four quarters of funding at the recent spend rate.
More than three years of funding at the reported spend rate — far enough out that a dated estimate would be false precision.
$2.4M 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: $2.5M cash at quarter end (item 4.6), 16.1 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
17 Feb 20262A · quoted issueCNJ : ORDINARY FULLY PAID652.0MAppendix 2A
21 Jan 20262A · quoted issueCNJ : ORDINARY FULLY PAID635.7MAppendix 2A
15 Dec 20252A · quoted issueCNJ : ORDINARY FULLY PAID317.9MAppendix 2A
1 Dec 20252A · quoted issueCNJ : ORDINARY FULLY PAID2.24BAppendix 2A
1 Dec 20253G · unquotedCNJ : ORDINARY FULLY PAID272.1MAppendix 3G
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15 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

4 cash raises in the last 24 months · 3 in the last 12 months

every 4 monthsaverage gap between raises
7.2 monthssince the most recent
5 June 2025 – 5 Feb 2026first to most recent in this window
—
Placement
5 Feb 2026
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5 raises on record — 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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2 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 estimate — a share consolidation inside the last 12 months puts the filings and the share count in different units.
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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

31.2%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
203.5M
Potential new shares
Dec 2026
Nearest expiry
What a price move would switch on
101.8M203.5M$0.009 now0.25× today ($0.002) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.004) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.007) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.009) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.011) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.013) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.018) — 200.0M of the priced supply in the money, 30.7% of shares on issue3× today ($0.027) — 200.0M of the priced supply in the money, 30.7% of shares on issue5× today ($0.045) — 200.0M of the priced supply in the money, 30.7% of shares on issue10× today ($0.090) — 200.0M of the priced supply in the money, 30.7% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.009 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 200.0M (30.7% 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.
  • 3.5M (1.7% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
CodeSecurityTypeExercise priceExpiryOn issueSource
CNJOOptionsPrice-triggered—31 Dec 20263.5MFiling
CNJADOptionsPrice-triggered$0.01630 Nov 2029200.0MFiling

“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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2 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
15 Dec 2025Guy Le PageSell on-market————3Y notice
1 Dec 2025GREGORY HOWARD SOLOMONBuy43.9M641k——3Y notice
1 Dec 2025Guy Le PageOther51.2M——$50k3Y notice
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4 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

30 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
12 May 2026$PCNJ applies for two highly prospective projects in Greenland
30 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
16 Mar 2026Half Year Accounts
17 Feb 2026Application for quotation of securities - CNJ
6 Feb 2026Proposed issue of securities - CNJ
6 Feb 2026Follow-on Share Placement
30 Jan 2026Change of Director Interest Notice & Late Lodgement
30 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
21 Jan 2026Application for quotation of securities - CNJ
21 Jan 2026Becoming a substantial holder
19 Jan 2026Update - Proposed issue of securities - CNJ
15 Jan 2026Results of Fully Underwritten Entitlement Offer
11 Jan 2026Reminder of Entitlement Offer Closing Date
30 Dec 2025Update - Proposed issue of securities - CNJ
30 Dec 2025Entitlement Offer Closing Date Extension
23 Dec 2025Entitlement Offer Open and Shareholder Letters
15 Dec 2025Application for quotation of securities - CNJ
12 Dec 2025Prospectus
12 Dec 2025Proposed issue of securities - CNJ

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