Cygnet Capital http://www.cygnetcapital.com.au Cygnet Capital is a privately owned boutique investment and advisory group which specialises in the ‘micro-cap’ sector, and emerging companies, of the Australian equities market. Thu, 19 May 2011 01:39:09 +0000 http://wordpress.org/?v=2.8 en hourly 1 CVY Research Note http://www.cygnetcapital.com.au/cvy-research-summary/ http://www.cygnetcapital.com.au/cvy-research-summary/#comments Tue, 09 Nov 2010 20:49:23 +0000 admin http://www.cygnetcapital.com.au/?p=836 Download our latest research note for Coventry Resources Ltd (CVY)

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]]> http://www.cygnetcapital.com.au/cvy-research-summary/feed/ 0 SHE Research Note http://www.cygnetcapital.com.au/she-research-summary-available-now/ http://www.cygnetcapital.com.au/she-research-summary-available-now/#comments Tue, 09 Nov 2010 20:49:03 +0000 admin http://www.cygnetcapital.com.au/?p=834 Cygnet Research on Stonehenge Metals Ltd (SHE) is now available to download.

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]]> http://www.cygnetcapital.com.au/she-research-summary-available-now/feed/ 0 AYN Research Note http://www.cygnetcapital.com.au/ayn-research-summary-available-now/ http://www.cygnetcapital.com.au/ayn-research-summary-available-now/#comments Mon, 11 Oct 2010 20:21:24 +0000 admin http://www.cygnetcapital.com.au/?p=825 Download our latest Research Note on Australian-based resource company, Alcyone Resources Limited (AYN).

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]]> http://www.cygnetcapital.com.au/ayn-research-summary-available-now/feed/ 0 CVY Research Note http://www.cygnetcapital.com.au/research-note-coventry-resources/ http://www.cygnetcapital.com.au/research-note-coventry-resources/#comments Wed, 18 Aug 2010 18:56:57 +0000 admin http://www.cygnetcapital.com.au/?p=820 Please see our News page for the latest research note on Coventry Resources Ltd (CVY).
Coventry Resources (CVY) is an ASX listed gold junior on the brink of developing its advanced Cameron Gold Project in Ontario, Canada.

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]]> http://www.cygnetcapital.com.au/research-note-coventry-resources/feed/ 0 Investor Alerts http://www.cygnetcapital.com.au/investor-alerts/ http://www.cygnetcapital.com.au/investor-alerts/#comments Tue, 15 Dec 2009 03:38:25 +0000 admin http://www.cygnetcapital.com.au/?p=779 Coventry Resources Ltd (CVY)
Shares on issue: 68m
Options on Issue: 28m (20c, 30/4/2013)
Fully Diluted market capitalisation: $28.5m
Cash ~ $6m
Enterprise Value (EV): $16.5m

  • Administrators were appointed to Mobilesoft (MSO)in August 2007
  • In October 2008, Cygnet Capital in conjunction with Steinepreis Paganin was the successful bidder in a reconstruction proposal to raise $1.8m
  • In June 2009, Cygnet Capital raised a further $2m for working capital and to assist in the evaluation of new opportunities for the company
  • In July 2009, the securities of MSO were reinstated to official quotation following the settlement of the deed of company arrangement (DOCA
  • In August 2009, MSO announced the acquisition of Coventry Resources Limited. Coventry has the rights to the Ardeen Gold project and surrounding areas located in Ontario, CanadaIn September 2009, the company changed its name to Coventry Resources Limited
  • In October 2009, Cygnet Capital managed a $5m capital raising for the company @ 20c. The issue closed oversubscribed.
  • In December 2009, the company announced exceptional HIGH GRADE drilling results from the Ardeen Gold Project
  • Cygnet Capital is of the view that CVY represents an high leveraged, cheap entry into an emerging high grade gold producer
    • ]]>     http://www.cygnetcapital.com.au/investor-alerts/feed/ 0     Alcyone Listing http://www.cygnetcapital.com.au/alcyone-listing/ http://www.cygnetcapital.com.au/alcyone-listing/#comments Thu, 10 Dec 2009 06:45:24 +0000 sk@cygnetcapital.com.au http://www.cygnetcapital.com.au/?p=755 Alcyone Resources (AYN)

    Shares on Issue: 620m

    Options on Issue: 140m

    Fully Diluted Market Capitalisation (@$0.045): $34.2m

    Enterprise Value (@$0.045):approx $30m

    •  Administrators were appointed to Macmin Silver Ltd in (MNM) November 2008
    • This was a result of delays and commissioning of mining equipment, slower recovery rates in leaching rates, insufficient capital and a crash in the silver price as a result of the Global Financial Crisis
    • In March 2009, Cygnet Capital in conjunction with Alcyone Mining Ltd was appointed to recapitalise and restructure the company
    •  Part of these plans included independent reviews of the operations of Macmin’s, restructure the companies debt and recapitalise the company in order for it to re evaluate and relist the company
    • In September 2009, a Capital raising Mandate was executed with Cygnet Capital to raise $4m @ 1c per share, this represented an Enterprise Value (EV) of the company of approximately $6m
    • In early October 2009, shareholder of Macmin voted in favour of Cygnet’s recapitalisation proposal and as such the Deed of Company Arrangement (DOCA) was executed
    • Late October 2009, the company changed  its name to Alcyone Mining Ltd (AYN)
    • On the 17th of November the securities of AYN were reinstated to official quotation on the Australian Stock Exchange (ASX)
    • The shares opened trade at $0.045 before reaching a high of $0.058 (EV of approx $35m) within a week of trading, this represented about a 400% return for Cygnet’s clients
    • AYN continues its work to re evaluate and optimise the company’s Mining operations at the Twin Hills Silver Mine and surrounding areas, with the objective of re commencing commercial viable mining and processing operations in the near term

    If AYN is successful in re commencing mining operations, Cygnet believes significant value will be created for current shareholders

    ]]>     http://www.cygnetcapital.com.au/alcyone-listing/feed/ 0     New IPO’s Post http://www.cygnetcapital.com.au/new-ipos-post/ http://www.cygnetcapital.com.au/new-ipos-post/#comments Wed, 09 Dec 2009 07:53:05 +0000 sk@cygnetcapital.com.au http://www.cygnetcapital.com.au/?p=623 TBA

    ]]>     http://www.cygnetcapital.com.au/new-ipos-post/feed/ 0     Investor Alerts Post http://www.cygnetcapital.com.au/investor-alerts-post/ http://www.cygnetcapital.com.au/investor-alerts-post/#comments Wed, 09 Sep 2009 02:39:46 +0000 admin http://www.cygnetcapital.com.au/?p=664 TBA

    ]]>     http://www.cygnetcapital.com.au/investor-alerts-post/feed/ 0     Cygnet Capital Research post http://www.cygnetcapital.com.au/cygnet-capital-research-post/ http://www.cygnetcapital.com.au/cygnet-capital-research-post/#comments Wed, 09 Sep 2009 02:39:14 +0000 admin http://www.cygnetcapital.com.au/?p=662 TBA

    ]]>     http://www.cygnetcapital.com.au/cygnet-capital-research-post/feed/ 0     Media Releases Post http://www.cygnetcapital.com.au/media-releases-post/ http://www.cygnetcapital.com.au/media-releases-post/#comments Wed, 09 Sep 2009 02:38:26 +0000 admin http://www.cygnetcapital.com.au/?p=660 TBA

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