Companies / COI

COMET RIDGE LIMITED

ASX:COIEnergy
1.49B shares on issueASX (delayed) · as of 28 July 2026$0.089price · delayed$137.5Mmarket cap · indicative
C
Dilution grade

Share count grew 35% in 24 months; runway 4–8 quarters; 1 cash raise in 24 months

Cash runway7.3 quarters of funding
Share-count growth (24m)34.9%
Raise cadence (24m)1 cash raise
Options & rights overhang7.8% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

COMET RIDGE LIMITED's ordinary share count rose 34.9% between March 2024 and June 2026, to 1.49B shares. The company raised capital once in the 24-month window, receiving A$45.0M from a placement in July 2026, which is the total disclosed proceeds in that period. Options and rights on issue could convert into 117M new shares, equal to 7.8% of the current share count, with 0% currently in the money. At the March 2026 quarter the company reported A$32.4M in cash, representing 7.3 quarters of cover at recent spending rates. Two proposed securities issues (Appendix 3B) are pending, the nearest with an expected date in July 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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7.8%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
7.3 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 1.49B per ASX (delayed) (28 July 2026).
1.19B1.30B1.41BDec 24Sept 25July 26Cash raise · 16 July 2026

Cash runway

7.3 qtrs
More than four quarters of funding at the recent spend rate.
$32.4M available cash at quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.
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Issuance timeline

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

DateFormSecurityTotal on issue afterSource
30 June 20262A · quoted issueCOI : ORDINARY FULLY PAID1.49BAppendix 2A
1 Apr 20263H · cancellationCOI : ORDINARY FULLY PAID1.20BAppendix 3H
26 May 20253H · cancellationCOI : ORDINARY FULLY PAID1.20BAppendix 3H
26 May 20253G · unquotedCOI : ORDINARY FULLY PAID1.20BAppendix 3G
17 Dec 20242A · quoted issueCOI : ORDINARY FULLY PAID1.20BAppendix 2A
Paid plan
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

$45.0M
Placement
16 July 2026 ACTIVE
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

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

7.8%
Total overhang · of current shares
0.0%
In the money · at current price
117.1M
Potential new shares
—
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

No director dealing notices (Appendix 3Y) on record.
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
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

20 July 2026Comet Ridge and Highview execute MoU for gas sales
16 July 2026Update - Proposed issue of securities - COI
16 July 2026Extension of Closing Dates under SPP and Options Prospectus
14 July 2026Reminder of Closing of Share Purchase Plan
13 July 2026Initial Director's Interest Notice
12 July 2026Comet appoints industry experienced Non-Executive Director
8 July 2026Proposed issue of securities - COI
6 July 2026Notice of General Meeting/Proxy Form
3 July 2026Becoming a substantial holder
3 July 2026Comet Ridge Share Purchase Plan & Options Prospectus
3 July 2026Comet Ridge Opens Share Purchase Plan
30 June 2026Notice under section 708A(5)(e) of the Corporations Act 2001
30 June 2026Application for quotation of securities - COI
30 June 2026Comet Ridge and CleanCo reaffirm commitment to GSA
24 June 2026Natural Gas Pipeline Licence Awarded for Mahalo Gas Hub
24 June 2026Investor Presentation
24 June 2026Proposed issue of securities - COI
24 June 2026Proposed issue of securities - COI
24 June 2026$PSuccessful Placement to Raise $40m and SPP to Raise $5m
22 June 2026Change in substantial holding

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.