To view the PDF file, sign up for a MySharenet subscription.

FSE - Firestone Energy Limited - Appendix 5B

Release Date: 26/07/2010 10:21
Code(s): FSE
Wrap Text

FSE - Firestone Energy Limited - Appendix 5B FIRESTONE ENERGY LIMITED (formerly Centralian Minerals Limited) (Registration number: ABN 058 436 794) (SA company registration number: 200/023973/10 Share code on the JSE: FSE Share code on the ASX: FSE ISIN: AU000000FSE6 ("FSE" or "the Company") ABN: 71 058 436 794 Appendix 5B Mining exploration entity quarterly report Consolidated statement of cash flows Current Year to date Cash flows related to operating activities quarter (12 months) $A`000 $A`000
1.1 Receipts from product sales and related - - debtors 1.2 Payments for (a) exploration & (1,342) (4,157) evaluation - - (b) development - - (c) production (290) (1,701) (d) administration 1.3 Dividends received - - 1.4 Interest and other items of a similar 15 64 nature received 1.5 Interest and other costs of finance paid - (27) 1.6 Income taxes paid - - 1.7 Other (provide details if material) - (193) Net Operating Cash Flows (1,617) (6,014) Cash flows related to investing activities 1.8 Payment for purchases of:(a) prospects - (10,033) (b) equity investments - - (c) other fixed assets - (9) 1.9 Proceeds from sale of: - - (a) prospects - - (b) equity investment - - (c) other fixed assets 1.10 Loans to other entities - - 1.11 Loans repaid by other entities - - 1.12 Other (provide details if material) - - Net investing cash flows - (10,042)
1.13 Total operating and investing cash flows (carried forward) (1,617) (16,056) 1.13 Total operating and investing cash flows (1,617) (16,056) (brought forward) Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, 2,422 18,602 etc. 1.15 Proceeds from sale of forfeited shares - - 1.16 Proceeds from borrowings - - 1.17 Repayment of borrowings - (100) 1.18 Dividends paid (60) (1,885) 1.19 Other - Interest paid (300) (300) Net financing cash flows 2,062 16,317 Net increase (decrease) in cash held 445 261
1.20 Cash at beginning of quarter/year to date 1,684 1,870 1.21 Exchange rate adjustments to item 1.20 - (2) 1.22 Cash at end of quarter 2,129 2,129 Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities Current quarter $A`000
1.23 Aggregate amount of payments to the parties 1,411 included in item 1.2
1.24 Aggregate amount of loans to the parties included - in item 1.10 1.25 Explanation necessary for an understanding of the transactions Directors fees - $69K. Payments to Sekoko Resources (director related entity) pursuant to JV agreements and for costs incurred for and on behalf of FSE - $1,342K Non-cash financing and investing activities 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows - N/A 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest - N/A Financing facilities available Add notes as necessary for an understanding of the position. Amount Amount used available $A`000 $A`000 3.1 Loan facilities $25,000 $15,900 3.2 Credit standby arrangements - - Estimated cash outflows for next quarter $A`000 4.1 Exploration and evaluation 1,700 4.2 Development 4.3 Production 4.4 Administration 300 Total 2,000 Reconciliation of cash Reconciliation of cash at the Current Previous end of the quarter (as shown quarter quarter in the consolidated statement $A`000 $A`000 of cash flows) to the related items in the accounts is as follows. 5.1 Cash on hand and at bank 2,129 1,684 5.2 Deposits at call - - 5.3 Bank overdraft - - 5.4 Other (provide details) - - Total: cash at end of 2,129 1,684 quarter (item 1.22) Changes in interests in mining tenements Tenement Nature of Interest Interest reference interest at at end (note (2)) beginning of
of quarter quarter 6.1 Interests in Nil mining tenements relinquished, reduced or lapsed 6.2 Interests in Nil mining tenements acquired or increased Issued and quoted securities at end of current quarter Description includes rate of interest and any redemption or conversion rights together with prices and dates. Total Number Issue Amount paid number quoted price per up per
security security (see note (see note 3) (cents) 3) (cents) 7.1 Preference +securities Nil Nil (description) 7.2 Changes during Nil Nil quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs, redemptions 7.3 +Ordinary securities 2,331,300 2,331,300, Fully paid FSE ,664 664 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs 7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases 3 Nil $500,000 $500,000 through issues each each (b) Decreases through securities matured, converted 7.7 Options Exercise Expiry date FSEAK 30,000,00 Nil price 30 Nov 2012 FSEAM 0 Nil 5 Cents 31 May 2013 FSEAO 111,000,0 Nil 6 Cents 30 Jun 2013 FSEAI 00 Nil 6 Cents 30 Jun 2014 96,904,76 6 Cents 7
25,875,00 0 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter 7.11 Debentures (totals only) 7.12 Unsecured notes (totals only) Compliance statement 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4). 2 This statement does /does not* (delete one) give a true and fair view of the matters disclosed. Date: 27 July 2010 Company Secretary Print name: Mr Jerry Monzu Notes 1 The quarterly report provides a basis for informing the market how the entity`s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report. 2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2. 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities. 4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report. 5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with. Pretoria 26 July 2010 Corporate Adviser and Sponsor River Group Date: 26/07/2010 10:21:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Share This Story