Companies / COI

COMET RIDGE LIMITED

ASX:COIEnergy
1.68B shares on issueASX (delayed) · snapshot 11 Sept 20261.93B fully diluted+15.2% if every option and right converts$0.090price · delayed$151.1Mmarket cap · indicative

Today’s holders own 86.8% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 52% in 24 months; options/rights overhang 15% of shares; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway16.6 quarters of funding
Share-count growth (24m)51.6%
Raise cadence (24m)1 cash raise
Options & rights overhang15.2% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

COMET RIDGE LIMITED's ordinary share count grew 51.6% between March 2024 and August 2026, to 1.68B shares. The company conducted one capital raise in the past 24 months, a Placement and Share Purchase Plan (SPP) in June 2026 that brought in A$40.9M. Options and rights on issue could convert into 254M new shares, representing 15.2% of the current share count, with the nearest expiry in June 2028. As of June 2026, the company held A$65.7M in available cash, covering approximately 16.7 quarters of operations. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 10 Sept 2026
Get told when this changes
Set up alerts
Daily email alerts cover risk-level moves, new raises, pending proposed issues and option expiries for the companies you follow.
15.2%
Options & rights overhang
0.0%
In-the-money supply
1
Raises · last 12 months
16.6 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 1.68B per ASX (delayed) (snapshot 11 Sept 2026).
1.2B1.4B1.6BDec 24Oct 25Sept 26Cash raise · 19 June 20261.68B

Cash runway

16.6 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.
$65.7M 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: $27.7M cash at quarter end (item 4.6), 7.0 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.
Free account
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.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Issuance timeline

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

DateFormSecurityOn issue, per this filingSource
23 Aug 20262A · quoted issueCOI : ORDINARY FULLY PAID1.68BAppendix 2A
13 Aug 20262A · quoted issueCOI : ORDINARY FULLY PAID1.60BAppendix 2A
13 Aug 20263G · unquotedCOI : ORDINARY FULLY PAID1.50BAppendix 3G
13 Aug 20263G · unquotedCOI : ORDINARY FULLY PAID1.50BAppendix 3G
30 July 20262A · quoted issueCOI : ORDINARY FULLY PAID1.50BAppendix 2A
Free account
15 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Capital raises

1 cash raise in the last 24 months · 1 in the last 12 months

$40.9M
Placement and Share Purchase Plan (SPP)
19 June 2026 COMPLETE
Free account
2 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

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.

Free account
1 dated event on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

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 15% placement capacity left — all of it used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
Free account
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.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

15.2%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
254.4M
Potential new shares
June 2028
Nearest expiry
What a price move would switch on
127.2M254.4M$0.090 now0.25× today ($0.022) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.045) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.068) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.090) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.112) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.135) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.180) — 254.4M of the priced supply in the money, 15.2% of shares on issue3× today ($0.270) — 254.4M of the priced supply in the money, 15.2% of shares on issue5× today ($0.450) — 254.4M of the priced supply in the money, 15.2% of shares on issue10× today ($0.900) — 254.4M of the priced supply in the money, 15.2% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.090 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 254.4M (15.2% 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
COIABOptionsPrice-triggered$0.1530 June 2028199.4MFiling
COIARWarrantsPrice-triggered$0.16—55.0MFiling

“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.

1 class ceased in the last 12 months and is not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • COIAQPrice-triggered22.7M securities → 01 Apr 2026 Appendix 2A
Free account
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.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
13 Aug 2026JAMES ALLAN VINCENT MCKAYOther placement673k337k—$69k3Y notice
13 Aug 2026James Martin RileyBuy placement322k161k—$33k3Y notice
13 Aug 2026TOR MCCAULOther placement673k337k—$69k3Y notice
Free account
4 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
Free account: 2 full company unlocks every month, no card.
Create free account

Latest announcements

24 Aug 2026Notice under section 708A(5)(e) of the Corporations Act 2001
23 Aug 2026Application for quotation of securities - COI
23 Aug 2026Acquisition of Mahalo Gas Project completes
17 Aug 2026Ceasing to be a substantial holder
17 Aug 2026Change of Director's Interest Notice
17 Aug 2026Change of Director's Interest Notice
17 Aug 2026Change of Director's Interest Notice
13 Aug 2026Notice under section 708A(5)(e) of the Corporations Act 2001
13 Aug 2026Notification regarding unquoted securities - COI
13 Aug 2026Notification regarding unquoted securities - COI
13 Aug 2026Application for quotation of securities - COI
10 Aug 2026Change of Director's Interest Notice
6 Aug 2026Poll Results of General Meeting 6 August 2026
31 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
30 July 2026Application for quotation of securities - COI
29 July 2026Results of Share Purchase Plan
20 July 2026Comet Ridge and Highview execute MoU for gas sales
16 July 2026Update - Proposed issue of securities - COI
16 July 2026Extension of Closing Dates under SPP and Options Prospectus
14 July 2026Reminder of Closing of Share Purchase Plan

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