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26 March 2025
| Name: | INDAGO RESOURCES LTD (IDG) | |||||||||||||||
| Date of Listing: | 13 November 1986 | |||||||||||||||
| Date of Delisting: | 29 August 2011 | |||||||||||||||
| Former Names: |
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Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 29 August 2011.Legal Status:
ABN: 69 009 150 618
Registration Date: 26 September 1985
Capital Gains Tax (CGT) Status:
To our knowledge this entity was delisted for reasons unrelated to either the takeover of its shares or the redemption of its securities. If you are seeking to crystallise a capital loss for tax purposes that process can be easily and quickly initiated at our online Worthless Shares facility here: https://www.delisted.com.au/sell-worthless-and-other-securities/. Any other enquiries relating to your securities should be followed up via our online form here: https://www.delisted.com.au/TraceLostSharesLostMoney/index/.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
Now called: INDAGO RESOURCES PTY LTD
| Company | FROM | TO |
|---|---|---|
| INDAGO RESOURCES LTD | 12/05/2009 | |
| WESTERN METALS LIMITED | 31/05/1995 | 12/05/2009 |
| WESTERN METALS NL | 30/06/1994 | 31/05/1995 |
| AUSGOLD NL | 21/12/1993 | 30/06/1994 |
| CENTURY METALS AND MINING NL | 21/12/1993 |
Since delisting from ASX this entity has been privatised. We are no longer monitoring its activities. | 08/02/2024 |
directors are proposing a selective capital reduction (effectively yielding $6 a share) - given that this company is now delisted, we recommend remaining shareholders vote in favour of the proposal at the shareholders' meeting to be held on 1 November 2011 | 07/10/2011 |
delisted following the request from the company to be removed from the official list of ASX | 29/08/2011 |
we understand the primary reasons given by the board for the delisting of this company were (a) the lack of liquidity in trading in the Company's shares on ASX, (b) the disproportionate impact on price as only small numbers of the Company's shares are being traded, this has on occasion had a disproportionate impact on the Share price (c) limited operations as an alternative investment company and therefore, there is little benefit from being listed in terms of raising funds and (d) ASX and related costs where maintaining an ASX listing adds additional costs to the Company's business | 29/08/2011 |
we note that directors Tim Kestell and Peter Pynes reported that as at 30 April 2011, net of the company's estimated tax liability and other known obligations at 30 April 2011, the NTA per Indago share was $7.06 - given that the average price subsequently paid in the share buy-back was significantly below that, the company's NTA should now be substantially more than that, all other things being equal | 29/08/2011 |
securities suspended on Monday August 22 pending removal | 19/08/2011 |
Indago Resources Limited (ASX: IDG) announces that, as a result of the consolidation of shares approved by shareholders at last week's AGM, the ASX codes for Indago's fully paid ordinary shares and listed options will temporarily be (respectively) IDGDC and IDGDD. The ASX codes will revert back to IDG and IDGOA the day after despatch of new holding statements, which will occur on or before 13 December 2010 | 30/11/2010 |
securities to be reinstated to quotation on 16 July | 15/07/2010 |
issues an Information Memorandum which is not a prospectus and has been prepared for the purposes of satisfying Chapters 1 and 2 of the ASX Listing Rules following a change to the nature of the Company's activities | 08/07/2010 |
announce the completion of a $15,000,000 Secured Loan Facility Agreement with Crescent Gold Limited ("rescent") (ASX:CRE). The funds will be used by Crescent for the development of the Laverton Gold Project in Western Australia as well as for general working capital requirements. The Final Repayment Date of the loan is 30 June 2011 | 01/07/2010 |
a general meeting of shareholders of Indago was held on Friday 25 June 2010 in Perth, Western Australia at 10.00 am (AWST) - the resolutions voted on (and passed on a show of hands) were in accordance with the Notice of General Meeting previously released to the ASX and mailed to shareholders | 25/06/2010 |
provides notice of General Meeting of the Shareholders to be held at 10:00 am (WST) on 25 June 2010 at: Level 1 248 Hay Street SUBIACO WA 6008 | 24/05/2010 |
Indago advises that 8,583,346 listed options exercisable at $3.50 per share on or before 30 April 2010 (ASX:IDGO) have lapsed, unexercised | 04/05/2010 |
Indago will receive $54,000,000 for the sale of its 67.5% stake in Tusker. Following a review of the company's activities up until 31 March 2010, Indago's tax advisors, Ernst and Young have provided the board with an estimated tax liability position for the 2009/2010 tax year of approximately $5,032,000.00. The final tax assessment for Indago may differ from this estimate as a result of the company's continued activities between the period 31 March 2010 and 30 June 2010. Based on the above tax liability estimate and on a fully diluted basis (after allowing for the exercise of all outstanding options), Indago will have a NTA backing of approximately $0.60 per share. The board expects to release an information memorandum to shareholders in coming weeks and relist shortly after | 03/05/2010 |
releases Quarterly Report - March 2010 Quarter | 29/04/2010 |
the relisting of Indago Resources Limited ("Indago") has been delayed as a result of the takeover bid by Barrick Gold Corporation ("Barrick"), for Indago's subsidiary company, Tusker Gold Limited ("Tusker"), and unexpected delays to the dispatch of Barrick's bidder's statement. Indago does not foresee any issues with respect to its relisting and, with the both the bidder's statement and the target statement having now been dispatched, Indago expects to be able to release an information memorandum to shareholders and relist shortly after | 07/04/2010 |
Indago Resources Limited ("Indago") (ASX:IDG) advises that ASX has granted the Company a waiver (subject to certain conditions) from ASX listing rule 6.24 to the extent necessary to permit the Company not to send the notices required by paragraph 6.1 of Appendix 6A in relation to the Company's quoted options (IDGO) exercisable at $3.50 each on or before 30 April 2010. An option expiry notice will therefore not be sent to IDGO option holders | 29/03/2010 |
releases Half Year Accounts | 17/03/2010 |
releases Bidder`s Statement | 17/03/2010 |
at the Indago Resources Limited 2009 Extraordinary General Meeting held on Wednesday, 10 February 2010, the one (1) Resolution (Change in Nature of Activities) as set out in the Notice of Meeting was passed on a show of hands | 11/02/2010 |
securities suspended pending an announcement | 10/02/2010 |
securities reinstated to quotation | 08/02/2010 |
securities suspended pending an announcement | 02/02/2010 |
securities reinstated to quotation | 05/01/2010 |
securities suspended from quotation following the announcement of a change of activities | 04/01/2010 |
the ex-offer market securities of Indago Resources Limited (IDGE) will be suspended from quotation immediately, following the withdrawal of the proportional takeover bid by Blue Capital Limited for 10% of the Company's share capital | 21/08/2009 |
name changed from Western Metals Limited | 12/05/2009 |
Since delisting from ASX this entity has been privatised. We are no longer monitoring its activities. | 08/02/2024 |
directors are proposing a selective capital reduction (effectively yielding $6 a share) - given that this company is now delisted, we recommend remaining shareholders vote in favour of the proposal at the shareholders' meeting to be held on 1 November 2011 | 07/10/2011 |
delisted following the request from the company to be removed from the official list of ASX | 29/08/2011 |
we understand the primary reasons given by the board for the delisting of this company were (a) the lack of liquidity in trading in the Company's shares on ASX, (b) the disproportionate impact on price as only small numbers of the Company's shares are being traded, this has on occasion had a disproportionate impact on the Share price (c) limited operations as an alternative investment company and therefore, there is little benefit from being listed in terms of raising funds and (d) ASX and related costs where maintaining an ASX listing adds additional costs to the Company's business | 29/08/2011 |
we note that directors Tim Kestell and Peter Pynes reported that as at 30 April 2011, net of the company's estimated tax liability and other known obligations at 30 April 2011, the NTA per Indago share was $7.06 - given that the average price subsequently paid in the share buy-back was significantly below that, the company's NTA should now be substantially more than that, all other things being equal | 29/08/2011 |
securities suspended on Monday August 22 pending removal | 19/08/2011 |
Indago Resources Limited (ASX: IDG) announces that, as a result of the consolidation of shares approved by shareholders at last week's AGM, the ASX codes for Indago's fully paid ordinary shares and listed options will temporarily be (respectively) IDGDC and IDGDD. The ASX codes will revert back to IDG and IDGOA the day after despatch of new holding statements, which will occur on or before 13 December 2010 | 30/11/2010 |
securities to be reinstated to quotation on 16 July | 15/07/2010 |
issues an Information Memorandum which is not a prospectus and has been prepared for the purposes of satisfying Chapters 1 and 2 of the ASX Listing Rules following a change to the nature of the Company's activities | 08/07/2010 |
announce the completion of a $15,000,000 Secured Loan Facility Agreement with Crescent Gold Limited ("rescent") (ASX:CRE). The funds will be used by Crescent for the development of the Laverton Gold Project in Western Australia as well as for general working capital requirements. The Final Repayment Date of the loan is 30 June 2011 | 01/07/2010 |
a general meeting of shareholders of Indago was held on Friday 25 June 2010 in Perth, Western Australia at 10.00 am (AWST) - the resolutions voted on (and passed on a show of hands) were in accordance with the Notice of General Meeting previously released to the ASX and mailed to shareholders | 25/06/2010 |
provides notice of General Meeting of the Shareholders to be held at 10:00 am (WST) on 25 June 2010 at: Level 1 248 Hay Street SUBIACO WA 6008 | 24/05/2010 |
Indago advises that 8,583,346 listed options exercisable at $3.50 per share on or before 30 April 2010 (ASX:IDGO) have lapsed, unexercised | 04/05/2010 |
Indago will receive $54,000,000 for the sale of its 67.5% stake in Tusker. Following a review of the company's activities up until 31 March 2010, Indago's tax advisors, Ernst and Young have provided the board with an estimated tax liability position for the 2009/2010 tax year of approximately $5,032,000.00. The final tax assessment for Indago may differ from this estimate as a result of the company's continued activities between the period 31 March 2010 and 30 June 2010. Based on the above tax liability estimate and on a fully diluted basis (after allowing for the exercise of all outstanding options), Indago will have a NTA backing of approximately $0.60 per share. The board expects to release an information memorandum to shareholders in coming weeks and relist shortly after | 03/05/2010 |
releases Quarterly Report - March 2010 Quarter | 29/04/2010 |
the relisting of Indago Resources Limited ("Indago") has been delayed as a result of the takeover bid by Barrick Gold Corporation ("Barrick"), for Indago's subsidiary company, Tusker Gold Limited ("Tusker"), and unexpected delays to the dispatch of Barrick's bidder's statement. Indago does not foresee any issues with respect to its relisting and, with the both the bidder's statement and the target statement having now been dispatched, Indago expects to be able to release an information memorandum to shareholders and relist shortly after | 07/04/2010 |
Indago Resources Limited ("Indago") (ASX:IDG) advises that ASX has granted the Company a waiver (subject to certain conditions) from ASX listing rule 6.24 to the extent necessary to permit the Company not to send the notices required by paragraph 6.1 of Appendix 6A in relation to the Company's quoted options (IDGO) exercisable at $3.50 each on or before 30 April 2010. An option expiry notice will therefore not be sent to IDGO option holders | 29/03/2010 |
releases Half Year Accounts | 17/03/2010 |
releases Bidder`s Statement | 17/03/2010 |
at the Indago Resources Limited 2009 Extraordinary General Meeting held on Wednesday, 10 February 2010, the one (1) Resolution (Change in Nature of Activities) as set out in the Notice of Meeting was passed on a show of hands | 11/02/2010 |
securities suspended pending an announcement | 10/02/2010 |
securities reinstated to quotation | 08/02/2010 |
securities suspended pending an announcement | 02/02/2010 |
securities reinstated to quotation | 05/01/2010 |
securities suspended from quotation following the announcement of a change of activities | 04/01/2010 |
the ex-offer market securities of Indago Resources Limited (IDGE) will be suspended from quotation immediately, following the withdrawal of the proportional takeover bid by Blue Capital Limited for 10% of the Company's share capital | 21/08/2009 |
name changed from Western Metals Limited | 12/05/2009 |
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My husband was Ron Padgurskis. Recommend this online facility to determine your position: https://www.delisted.com.au/TraceLostSharesLostMoney/index/ | 03/03/2021 20:19:02 |
Directors are proposing to have Neon Capital Ltd de-listed from ASX. Similar reasons they gave for de-listing Indago Resources. Similar outcomes to be expected ? \n\nAren\'t we fortunate to have our Consumer Watchdogs, although they do appear to do what dogs do : sleep. | 27/12/2016 10:23:50 |
Evoworld has specifically stated that it will seek to reduce corporate overheads. However, this does not seem consistent with what occurred in relation to Indago Resources Limited, one of the companies Evoworld cites as an example of a recent successful transaction its directors have been involved in. To quote a report in the WA Business News in 2010 on cash and equity remuneration paid to directors of WA companies: Messrs [Timothy] Kestell and [Peter] Pynes each received just less than $6.05 million for the year [FY2010], notwithstanding Indago’s negative one-year TSR of 25 per cent. The report also noted that Messrs Kestell and Pynes were the fourth and fifth highest paid executives in the survey done by the WA Business News. The total remuneration (including equity payments) paid by Indago to Messrs Kestell and Pynes during the financial year ended 30 June 2010 was almost $12.1 million, when Indago’s market capitalisation as at 30 June 2010 was $40.28 million | 15/12/2014 16:10:46 |
| Both Kestell and Pynes now Directors of Evoworld Corporation Pty Ltd ACN 601 545 742. They recently have nominated for Directorships of Neon Energy Limited ACN 002 796 974. Note the way in which Option holders in Indago were ignored and the difficulty they had in locating any contact with the de-listed company. | 15/12/2014 14:54:55 |
| you can take an injunction to freeze funds - would need a significant number of shareholders | 21/05/2014 12:46:22 |
| Is anyone taking legal opinions on actions to be taken to recover funds invested? | 21/05/2014 12:42:58 |
| looks like they're doing the same with Emerald capital???????????????? | 17/04/2013 10:20:42 |
| I believe ASIC should be made aware of this company's governance and director obligations insofar as option holders sending payment to the company in order to exercise ones' option rights and not having the payment acted upon in both drawing down on the payment and the issuing of the respective shares. Please can we hear from the sitting directors!!! | 04/03/2013 10:55:13 |
| Executive Tim Kestell was Chairman of Tusker Gold Limited, taken over by a Barrick subsidiary.See also Blina Minerals NL. | 05/01/2013 12:08:54 |
| ASIC website shows Indago, ABN 69 009 150 618, as Registered, Registered Office Subiaco WA 6008.Current address may be Unit 7, 100 Railway Road, Subiaco WA 6008, with phone no. 08 6380 3600. Telstra told me yesterday that the phone number is unavailabl.Good luck to all. | 05/01/2013 11:41:23 |
| I mailed a cheque to Indago Resources Ltd in November 2012 together with a complteted Exercise of Options form. Cheque unpresented so far. | 03/01/2013 11:48:38 |
| We are holders of options in Indago (JDGOA) that have a number of years yet to be exercised. We too are interested in the present status of the company, in order that we may make a decision to exercise or not. The company is not advising stakeholders in the company as to its status. Surely there are legal obligations to minority stakeholders. Where are the officers of this company??? | 19/12/2012 05:25:33 |
| I have left numerous messages for either Peter Pynes or Amana Burgess to contact me. What has happenned to the company shell ... who now owns the company ... who is going to benefit in the shell which has a value value attribured to it .... were there financials prepared detaililng assets of the company | 18/11/2012 10:38:36 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Matthew Fitzgerald | Non Exec Director | |
| Paul Hardie | Non Exec Director | |
| Tim Kestell | Executive | |
| Peter Pynes | Executive | |
| Amanda Burgess | Company Secretary | |
| Damien Kelly | Company Secretary |
Date of first appointment, title may have changed.
Date of first appointment, title may have changed.
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