Companies / FEG

FAR EAST GOLD LTD

ASX:FEGMaterials
417.0M shares on issueASX (delayed) · snapshot 11 Sept 2026441.0M fully diluted+5.8% if every option and right converts$0.13price · delayed$52.1Mmarket cap · indicative

Today’s holders own 94.6% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Runway under 2 quarters; share count grew 46% in 24 months; options/rights overhang 6% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.3 quarters of funding
Share-count growth (24m)46.3%
Raise cadence (24m)0 cash raises
Options & rights overhang5.8% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

FAR EAST GOLD LTD's ordinary share count grew 46.3% between September 2024 and June 2026, reaching 417M shares. The company has not raised capital in the past 24 months, and no proposed securities issues are pending. Options and rights on issue could convert into 24M new shares, representing 5.8% of the current share count, none of which are in the money at present; the nearest expiry is December 2026. As of the June 2026 quarter, the company held A$534K in available cash, sufficient for approximately 0.3 quarters of funding at its recent spending rate.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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5.8%
Options & rights overhang
0.0%
In-the-money supply
0
Raises · last 12 months
0.3 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 417.0M per ASX (delayed) (snapshot 11 Sept 2026).
325M350M375M400MDec 24Oct 25Sept 26417.0M

Cash runway

0.3 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about July 2026 — that date has passed, and no later report is on record.
$516k 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: $1.9M cash at quarter end (item 4.6), 1.1 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
25 Aug 20263H · cancellationFEG : ORDINARY FULLY PAID417.0MAppendix 3H
22 June 20262A · quoted issueFEG : ORDINARY FULLY PAID417.0MAppendix 2A
19 Feb 20252A · quoted issueFEG : ORDINARY FULLY PAID367.0MAppendix 2A
2 Jan 20253H · cancellationFEG : ORDINARY FULLY PAID342.8MAppendix 3H
31 Dec 20242A · quoted issueFEG : ORDINARY FULLY PAID343.1MAppendix 2A
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20 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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3 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

5.8%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
24.0M
Potential new shares
Dec 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered15.0M · 3.6% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered9.0M · 2.2% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 15.0M priced, 9.0M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.

Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.

What a price move would switch on
12.0M24.0M$0.13 now0.25× today ($0.03) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.06) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.09) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.13) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.16) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.19) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.25) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.38) — 15.0M of the priced supply in the money, 3.6% of shares on issue5× today ($0.63) — 15.0M of the priced supply in the money, 3.6% of shares on issue10× today ($1.25) — 15.0M of the priced supply in the money, 3.6% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.13 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 15.0M (3.6% 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.
  • 9.0M (37.5% 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
FEGAFOptionsPrice-triggered$0.2531 Dec 20261.0MFiling
FEGAHPerformance rightsCondition-triggered—24 Dec 20278.8MFiling Meeting
FEGAGOptionsPrice-triggered$0.2524 Dec 202714.0MFiling
FEGADPerformance rightsCondition-triggered——250kFiling Meeting

“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.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

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4 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
28 July 2026MICHAEL ROBERT THIRNBECKSell off-market173k1.0M250k$23k3Y notice
24 June 2026CHRISTOPHER DAVID ATKINSONOther6.4M1.0M250k—3Y notice
24 June 2026JUSTIN WERNEROther17.0M3.0M3.0M—3Y notice
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10 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

9 Sept 2026Notice of Meeting Convened by Shareholder under section 249F
3 Sept 2026$PNotice under Section 203D and 249D of the Corporations Act
2 Sept 2026$PNotice under Section 203D of the Corporations Act
25 Aug 2026Notification of cessation of securities - FEG
24 Aug 2026$PIdenburg Scoping Study Completed
12 Aug 2026Response to ASX Appendix 3Y Query
7 Aug 2026Change of Director's Interest Notice
5 Aug 2026Close of Xingye Takeover Offer - Notice Under LR 3.4.2
31 July 2026Notification of upcoming expiry of unlisted options
30 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
29 July 2026$PFar East Gold Ltd Fourth Supplementary Target's Statement
27 July 2026$PThird Supplementary Target's Statement Lodged
26 July 2026$PFar East Gold Ltd Third Supplementary Target's Statement
24 July 2026$P5th Supplementary Bidder's Statement Offer Closes 29 July
21 July 2026$PSecond Supplementary Target's Statement Lodged
21 July 2026$PFar East Gold Ltd Second Supplementary Target's Statement
21 July 2026$PNotice of status of defeating conditions
20 July 2026$PSupplementary Bidder's Statement offer closing on 29 July
17 July 2026$PSupplementary Bidder's Statement
14 July 2026$PIER Reconfirms Xingye Offer is Neither Fair Nor Reasonable

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