Companies / GHY

GOLD HYDROGEN LIMITED

ASX:GHYEnergy
180.5M shares on issueASX (delayed) · snapshot 11 Sept 2026183.3M fully diluted+1.6% if every option and right converts$0.51price · delayed$91.1Mmarket cap · indicative

Today’s holders own 98.5% of what they think they own, once every option and right converts.

Low
Dilution risk

Runway 2–4 quarters; share count grew 13% in 24 months; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway3.3 quarters of funding
Share-count growth (24m)13.0%
Raise cadence (24m)1 cash raise
Options & rights overhang1.6% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

GOLD HYDROGEN LIMITED's ordinary share count grew 13.0% between January 2025 and July 2025, to 180M shares. The company completed one capital raise in the past 24 months, a A$14.5M placement in July 2025. Options and rights on issue could convert into 3M new shares, representing 1.6% of the current share count, with none currently in the money and the nearest expiry in January 2027. As of the June 2026 quarter, the company reported A$8.8M in available cash, sufficient for approximately 3.3 quarters of operations. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 9 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.
1.6%
Options & rights overhang
0.0%
In-the-money supply
0
Raises · last 12 months
3.3 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 180.5M per ASX (delayed) (snapshot 11 Sept 2026).
160M170M180MDec 24Oct 25Sept 26Cash raise · 3 July 2025180.5M

Cash runway

3.3 qtrs
Two to four quarters of funding at the recent spend rate.
Funds operations to about Apr 2027 at the reported spend rate.
$8.8M 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: $11.0M cash at quarter end (item 4.6), 4.1 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.
Free account
10 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
6 May 20263H · cancellationGHY : ORDINARY FULLY PAID180.5MAppendix 3H
9 Jan 20263H · cancellationGHY : ORDINARY FULLY PAID180.5MAppendix 3H
17 July 20252A · quoted issueGHY : ORDINARY FULLY PAID180.5MAppendix 2A
9 July 20252A · quoted issueGHY : ORDINARY FULLY PAID173.3MAppendix 2A
1 Apr 20253H · cancellationGHY : ORDINARY FULLY PAID159.7MAppendix 3H
Free account
6 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 · 0 in the last 12 months

$14.5M
Placement
3 July 2025
Free account
1 raise 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
2 dated events 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 Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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

1.6%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
2.8M
Potential new shares
Jan 2027
Nearest expiry
What a price move would switch on
1.4M2.8M$0.51 now0.25× today ($0.13) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.25) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.38) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.51) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.63) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.76) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($1.01) — 1.4M of the priced supply in the money, 0.8% of shares on issue3× today ($1.52) — 1.4M of the priced supply in the money, 0.8% of shares on issue5× today ($2.52) — 2.8M of the priced supply in the money, 1.6% of shares on issue10× today ($5.05) — 2.8M of the priced supply in the money, 1.6% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.51 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 1.4M (0.8% 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
GHYAGOptionsPrice-triggered$1.0011 Jan 20271.4MFiling
GHYAHOptionsPrice-triggered$1.7511 Jan 20271.4MFiling

“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.

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
11 Jan 2026Alexander DownerSell62k300k——3Y notice
11 Jan 2026Alexander DownerSell62k300k——3Y notice
11 Jan 2026Katherine BarnetSell62k200k——3Y notice
11 Jan 2026Neil McDonaldSell38.5M300k——3Y notice
11 Jan 2026Roger CresseySell117k200k——3Y notice
Free account
5 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

7 Sept 2026Strategic Investors Moving to Strategic Participation
1 Sept 2026Well Testing Set to Commence at Ramsay 3
24 Aug 2026$PRamsay 2 Flow Testing Confirms Helium Zone Continuity
10 Aug 2026Flow Testing Set to Commence at Ramsay 2
4 Aug 2026$PRamsay 1 Flow Test Results Enhance Helium Pathway
29 July 2026$PRamsay 1 Test Update - Helium Flowed, Separated and Purified
26 July 2026Change of Share Registry Details
22 July 2026Helium Testing Set to Commence at Ramsay 1
8 July 2026Ramsay Well Testing Operational Update
2 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
1 July 2026Ramsay Well Testing Operational Update
28 June 2026MOU Executed with MGC for Green Methanol Studies
15 June 2026Cessation as a Substantial Holder
27 May 2026Shareholder and Investor Update Presentation
24 May 2026Change in substantial holding (Simonds)
19 May 2026$PHelium Development Potential at Ramsay
6 May 2026Notification of cessation of securities - GHY
5 May 2026Change in substantial holding (Simonds)
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
27 Apr 2026Ramsay Project and Corporate Update

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