SINCLAIR GOLD LTD
ASX:SGCMaterialsToday’s holders own 74.1% of what they think they own, once every option and right converts.
Not rated — share-count series unreliable
The share-register history on record is inconsistent, so a score would be unreliable. Not rated means no assessment — not low risk.
SINCLAIR GOLD LTD states that its figures only cover the period since its rename from AQI in July 2026. Its share count was 186M as of July 2026, though the share-count series is noted as unreliable. In the 24-month window, the company had one capital raise: a A$30.0M placement in June 2026. Options and rights on issue could convert into 65M new shares, representing 35.0% of the current share count, with 1% in the money and the nearest expiry in February 2028. As of the June 2026 quarter, the company held A$34.1M in cash, enough for approximately 6.6 quarters of operations.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 31 July 2026 | 2A · quoted issue | SGC : ORDINARY FULLY PAID | 185.7M | Appendix 2A |
| 26 June 2024 | 2A · quoted issue | SGC : ORDINARY FULLY PAID | 896.6M | Appendix 2A |
| 18 June 2024 | 3G · unquoted | SGC : ORDINARY FULLY PAID | 779.7M | Appendix 3G |
| 18 June 2024 | 3G · unquoted | SGC : ORDINARY FULLY PAID | 779.7M | Appendix 3G |
| 18 June 2024 | 3G · unquoted | SGC : ORDINARY FULLY PAID | 779.7M | Appendix 3G |
Capital raises
1 cash raise in the last 24 months · 1 in the last 12 months · counted since relisting as SGC (13 July 2026); prior history under AQI is not included
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.
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.
Pending proposed issues
Options & convertible securities
- Price-triggered1.3M · 0.7% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered63.8M · 34.4% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 1.3M priced (of which 1.3M in the money), 63.8M 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.
At $1.36 today, 1.3M securities are in the money (0.7% of shares on issue) — a floor, because an exercise price is on record for only 1.9% of this supply. No price up to ten times today’s switches on any more priced supply.
- 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.
- 63.8M (98.1% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| SGCAAM | Options | Price-triggered | $0.70 | 28 Feb 2028 | 1.3M | Filing |
| SGCAAK | Performance rights | Condition-triggered | — | — | 63.8M | Filing 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.
Director dealings
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.