Companies / PRX

PRODIGY GOLD NL

ASX:PRXMaterials
337.1M shares on issueAppendix 2A · as of 30 July 2025385.1M fully diluted+14.2% if every option and right converts$0.059price · delayed$19.9Mmarket cap · indicative

Today’s holders own 87.5% of what they think they own, once every option and right converts.

High
Dilution risk

Runway under 2 quarters; share count grew 218% in 24 months; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.1 quarters of funding
Share-count growth (24m)218.3%
Raise cadence (24m)1 cash raise
Options & rights overhang14.2% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

PRODIGY GOLD NL implemented an approximately 1-for-20 share consolidation in October 2025. Following this, the ordinary share count stood at 337M as of July 2025, representing a 218.3% increase between May 2024 and July 2025, adjusted for the consolidation. In the past 24 months, the company completed one capital raise, a Non-Renounceable Entitlement Offer in June 2025 that brought in A$7.1M. As of the June 2026 quarter, PRODIGY GOLD NL held A$1.7M in cash, providing approximately 1.1 quarters of operational funding. Options are on issue that could convert into 48M shares, representing 14.2% of the current share count; none of these options are currently in the money, and the nearest expiry is November 2026. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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14.2%
Options & rights overhang
0.0%
In-the-money supply
0
Raises · last 12 months
1.1 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. Adjusted for the 1-for-20 consolidation (21 Oct 2025). Latest count 337.1M per Appendix 2A (filed 30 July 2025).
150M200M250M300M350MDec 24Oct 25Sept 261-for-20 consolidationCash raise · 9 June 2025337.1M

Cash runway

1.1 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about Sept 2026 — that date has passed, and no later report is on record.
$1.7M 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: $3.1M cash at quarter end (item 4.6), 2.1 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
4 May 20263H · cancellationPRX : ORDINARY FULLY PAID337.1MAppendix 3H
21 Jan 20263H · cancellationPRX : ORDINARY FULLY PAID337.1MAppendix 3H
4 Nov 20253H · cancellationPRX : ORDINARY FULLY PAID337.1MAppendix 3H
30 July 20252A · quoted issuePRX : ORDINARY FULLY PAID6.74BAppendix 2A
21 July 20252A · quoted issuePRX : ORDINARY FULLY PAID6.35BAppendix 2A
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19 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

1 cash raise in the last 24 months · 0 in the last 12 months

$7.1M
Non-Renounceable Entitlement Offer
9 June 2025
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2 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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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 estimatea 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

14.2%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
48.0M
Potential new shares
Nov 2026
Nearest expiry
What a price move would switch on
24.0M48.0M$0.059 now0.25× today ($0.015) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.029) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.044) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.059) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.074) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.088) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.118) — 35.2M of the priced supply in the money, 10.5% of shares on issue3× today ($0.177) — 47.8M of the priced supply in the money, 14.2% of shares on issue5× today ($0.295) — 48.0M of the priced supply in the money, 14.2% of shares on issue10× today ($0.590) — 48.0M of the priced supply in the money, 14.2% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $0.059 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 35.2M (10.5% 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
PRXAKOptionsPrice-triggered$0.1430 Nov 202612.5MFiling
PRXAJOptionsPrice-triggered$0.2416 Oct 2027250kFiling
PRXAMOptionsPrice-triggered$0.1030 Nov 202735.2MFiling

“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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3 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 Nov 2025Brett SmithBuy on-market350k75k$19k3Y notice
27 Oct 2025Brett SmithOther3Y notice
27 Oct 2025Mark EdwardsOther3Y notice
27 Oct 2025Neale EdwardsOther350k78k39k3Y notice
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9 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

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