SUREFIRE RESOURCES NL
ASX:SRNMaterialsToday’s holders own 75.3% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 128% in 24 months; options/rights overhang 33% of shares
SUREFIRE RESOURCES NL's ordinary share count grew 128.0% between March 2024 and May 2026, to 181M shares, adjusted for an approximately 1-for-25 share consolidation in May 2026. The company undertook one capital raise in the past 24 months, a Non-Renounceable Rights Issue in May 2025 raising A$2.5M, bringing the total disclosed proceeds in that period to A$2.5M. Options and rights on issue could convert into 59M new shares, equal to 32.8% of the current share count; none of these options are in the money at present, and the nearest expiry is November 2026. As of the June 2026 quarter, the company reported A$444K in available cash, representing approximately 1.4 quarters of funding based on its recent spending rate. No proposed securities issues are currently pending.
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 |
|---|---|---|---|---|
| 28 May 2026 | 2A · quoted issue | SRN : ORDINARY FULLY PAID | 181.2M | Appendix 2A |
| 26 May 2026 | 2A · quoted issue | SRN : ORDINARY FULLY PAID | 168.0M | Appendix 2A |
| 9 Dec 2025 | 3H · cancellation | SRN : ORDINARY FULLY PAID | 4.03B | Appendix 3H |
| 15 Oct 2025 | 2A · quoted issue | SRN : ORDINARY FULLY PAID | 4.03B | Appendix 2A |
| 3 Oct 2025 | 2A · quoted issue | SRN : ORDINARY FULLY PAID | 4.03B | Appendix 2A |
Capital raises
1 cash raise in the last 24 months · 0 in the last 12 months
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
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 59.4M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| SRNOD | Options | Price-triggered | — | 30 Nov 2026 | 14.0M | Filing |
| SRNOE | Options | Price-triggered | — | 11 July 2027 | 45.4M | Filing |
“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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 10 Aug 2026 | Roger Smith | Buy on-market | 7k | — | — | $139 | 3Y notice |
| 24 June 2026 | Roger Smith | Buy on-market | 400k | — | — | $9k | 3Y notice |
| 28 May 2026 | Vladimir Nikolaenko | Other | 13.2M | — | — | $2.6M | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.