Companies / RLC

REEDY LAGOON CORPORATION LIMITED

ASX:RLCMaterials
776.7M shares on issueASX (delayed) · snapshot 11 Sept 2026779.4M fully diluted+0.3% if every option and right converts$0.002price · delayed$1.6Mmarket cap · indicative

Today’s holders own 99.7% of what they think they own, once every option and right converts.

Minimal
Dilution risk

1 cash raise in 24 months; proposed issue pending

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway42.2 quarters of funding
Share-count growth (24m)2.0%
Raise cadence (24m)1 cash raise
Options & rights overhang0.3% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

REEDY LAGOON CORPORATION LIMITED's ordinary share count grew 2.0% between October 2024 and December 2024, to 777M shares. The company raised capital once in the past 24 months, with a A$1.8M placement in September 2026. Options and rights on issue could convert into 3M new shares, equal to 0.3% of the current share count, with the nearest expiry in December 2026; none are in the money. At the June 2026 quarter, the company reported A$1.9M in available cash, covering 42.2 quarters of operations. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in October 2026.

AI-generated summary of this page's cited filings · updated 10 Sept 2026
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0.3%
Options & rights overhang
0.0%
In-the-money supply
1
Raises · last 12 months
42.2 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 776.7M per ASX (delayed) (snapshot 11 Sept 2026).
765M770M775MDec 24Oct 25Sept 26776.7M

Cash runway

42.2 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.
$1.9M 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: $44k cash at quarter end (item 4.6), 1.0 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.
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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.
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Issuance timeline

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

DateFormSecurityOn issue, per this filingSource
15 Jan 20263H · cancellationRLC : ORDINARY FULLY PAID776.7MAppendix 3H
19 Dec 20253H · cancellationRLC : ORDINARY FULLY PAID776.7MAppendix 3H
15 Dec 20253G · unquotedRLC : ORDINARY FULLY PAID776.7MAppendix 3G
27 Dec 20243G · unquotedRLC : ORDINARY FULLY PAID761.7MAppendix 3G
27 Dec 20242A · quoted issueRLC : ORDINARY FULLY PAID776.7MAppendix 2A
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7 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 · 1 in the last 12 months

$1.8M
Placement
9 Sept 2026 ACTIVE
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1 raise 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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4 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

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
1 pending issue on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

0.3%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
2.7M
Potential new shares
Dec 2026
Nearest expiry
What a price move would switch on
1.4M2.7M$0.0020 now0.25× today ($0.0005) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.0010) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.0015) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.0020) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.0025) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.0030) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.0040) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.0060) — 1.8M of the priced supply in the money, 0.2% of shares on issue5× today ($0.0100) — 2.7M of the priced supply in the money, 0.3% of shares on issue10× today ($0.0200) — 2.7M of the priced supply in the money, 0.3% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.0020 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 1.8M (0.2% 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
RLCAADOptionsPrice-triggered$0.00731 Dec 2026900kFiling
RLCAAEOptionsPrice-triggered$0.00431 Dec 2027900kFiling
RLCAAFOptionsPrice-triggered$0.00531 Dec 2028900kFiling

“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
31 Dec 2025Adrian C GriffinSell—100k——3Y notice
31 Dec 2025Geoffrey H FethersSell—500k——3Y notice
31 Dec 2025Jonathan M HamerSell—300k——3Y notice
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8 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

11 Sept 2026Initial Directors Interest Notice
11 Sept 2026Director Resignation
9 Sept 2026Proposed issue of securities - RLC
8 Sept 2026$PRLC - $1.8M Underwritten Placement
30 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
1 June 2026$PBurracoppin Gold Project WA - Update
5 May 2026$PReinstatement to Quotation
30 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
26 Mar 2026Correction to Options issued under Directors' Option Scheme
16 Mar 2026Half Yearly Report and Accounts
30 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
21 Jan 2026Change of Director's Interest Notice x 3
15 Jan 2026Notification of cessation of securities - RLC
19 Dec 2025Notification of cessation of securities - RLC
19 Dec 2025Change of Director's Interest Notice x 3
15 Dec 2025Notification regarding unquoted securities - RLC
27 Nov 2025Results of Meeting
26 Nov 2025Annual General Meeting Managing directors address
31 Oct 2025$PQuarterly Activities/Appendix 5B Cash Flow Report
24 Oct 2025Notice of Annual General Meeting/Proxy Form

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