EX-99.9

This document was submitted to the SEC on behalf of METAL STORM LTD /ADR/. The original filing can be found at http://www.sec.gov/Archives/edgar/data/00011197...

Exhibit 99.9

Appendix 4C
Quarterly report for entities
admitted on the basis of commitments

Rule 4.7B

Appendix 4C

Monthly report
for entities admitted
on the basis of commitments

Introduced 31/3/2000. Amended 30/9/2001, 24/10/2005.

Name of entity

     Metal Storm Limited

     

ABN

  Month ended (“current Month”)

     99 064 270 006

 

     30 November 2010

      Consolidated statement of cash flows

                       
       
      Current       Year to date    
Cash flows related to operating activities     Month       (11 months)    
      $A’000       $A’000    
               

1.1   Receipts from customers

      50         2,059    

 

                     

1.2  Payments for (a) staff costs

      (211 )       (3,750 )  

(b) advertising and marketing

      —         —    

(c) research and development

      (64 )       (627 )  

(d) leased assets

      —         —    

(e) other working capital

      (417 )       (3,732 )  

1.3   Dividends received

      —         —    

1.4   Interest and other items of a similar nature received

      4         20    

1.5   Interest and other costs of finance paid

                (338 )  

1.6   Income taxes paid

      —         —    

1.7   Other (provide details if material)

      —         628    
               

    Net operating cash flows

      (638 )       (5,740 )  
               
     
 
+ See chapter 19 f   24/10/2005
Appendix 4C Page 1    
 

Appendix 4C
Quarterly report for entities
admitted on the basis of commitments

                           
   
          Current       Year to date    
          Month       (11 months)    
          $A’000       $A’000    
               
1.8  

Net operating cash flows (carried forward)

      (637 )       (5,739 )  
   

 

                     
               
   

 

                     
   

Cash flows related to investing activities

                     
1.9  

Payment for acquisition of:

      —         —    
   

(a) businesses (item 5)

      —         —    
   

(b) equity investments

      —         —    
   

(c) intellectual property

      —         —    
   

(d) physical non-current assets

      —         —    
   

(e) other non-current assets

                     
1.10  

Proceeds from disposal of:

      —         —    
   

(a) businesses (item 5)

      —         —    
   

(b) equity investments

      —         —    
   

(c) intellectual property

      —         —    
   

(d) physical non-current assets

      —              
   

(e) other non-current assets

                     
1.11  

Loans to other entities

      —         —    
1.12  

Loans repaid by other entities

      —         —    
1.13  

Other (provide details if material)

      —         —    
                   
   

Net investing cash flows

      —         —    
                   
1.14  

Total operating and investing cash flows

      (637 )       (5,739 )  
   

 

                     
               
   

 

                     
   

Cash flows related to financing activities

                     
1.15  

Proceeds from issues of shares, options, etc.

      —         6,971    
1.16  

Proceeds from sale of forfeited shares

      —         —    
1.17  

Proceeds from borrowings

      —         886    
1.18  

Repayment of borrowings

      —         (471 )  
1.19  

Dividends paid

      —         —    
1.20  

Other

      —         (204 )  
                   
   

Net financing cash flows

      —         7,182    
               
   

 

                     
   

Net increase (decrease) in cash held

      (637 )       1,443    
   

 

                     
1.21  

Cash at beginning of Month/year to date

      2,147         67    
1.22  

Exchange rate adjustments to item 1.20

      —         —    
                   
1.23  

Cash at end of Month

      1,510         1,510    
               
     
 
+ See chapter 19 for defined terms.    
Appendix 4C Page 2   24/10/2005
 

Appendix 4C
Quarterly report for entities
admitted on the basis of commitments

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 Month    
          $A’000    
   

 

     
1.24  

Aggregate amount of payments to the parties included in item 1.2

      12    
   

 

     
   

 

           
1.25  

Aggregate amount of loans to the parties included in item 1.11

      —    
   

 

           
         
1.26   Explanation necessary for an understanding of the transactions


Directors’ fees.

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


 —

2.2   Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest


 —

Financing facilities available

Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).

                           
           
          Amount available       Amount used    
          $A’000       $A’000    
                   
   

 

                     
3.1  

Loan facilities

      17,889         17,889    
   

 

                     
                   
   

 

                     
3.2  

Credit standby arrangements

      —         —    
   

 

                     
               
     
 
+ See chapter 19 f   24/10/2005
Appendix 4C Page 3    
 

Appendix 4C
Quarterly report for entities
admitted on the basis of commitments

Reconciliation of cash

                           
           
Reconciliation of cash at the end of the Month (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.     Current Month       Previous Month    
    $A’000       $A’000    
               
   

 

                     
4.1  

Cash on hand and at bank

      1,510         2,148    
   

 

                     
                   
   

 

                     
4.2  

Deposits at call

      —         —    
   

 

                     
                   
   

 

                     
4.3  

Bank overdraft

      —         —    
   

 

                     
                   
   

 

                     
4.4  

Other (provide details)

      —         —    
   

 

                     
               
   

Total: cash at end of Month (item 1.23)

      1,510         2,148    
   

 

                     
               

Acquisitions and disposals of business entities

                           
           
          Acquisitions       Disposals    
          (Item 1.9(a))       (Item 1.10(a))    
                   
   

 

                     
5.1  

Name of entity

      —         —    
   

 

                     
                   
5.2  

Place of incorporation or

      —         —    
   

registration

                     
                   
5.3  

Consideration for

      —         —    
   

acquisition or disposal

                     
                   
5.4  

Total net assets

      —         —    
   

 

                     
                   
5.5  

Nature of business

      —         —    
   

 

                     
                   

Compliance statement

1   This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act (except to the extent that information is not required because of note 2) or other standards acceptable to ASX.
 
2   This statement does give a true and fair view of the matters disclosed.
         

Sign here:

  /s/ Brett Farmer   Date: 30 December 2010

 

  (Company secretary)    
 
Print name:     Brett Farmer
     
 
+ See chapter 19 for defined terms.    
Appendix 4C Page 4   24/10/2005
 

Appendix 4C
Quarterly report for entities
admitted on the basis of commitments

Notes

The Company recognises that its current cash balance is unlikely to be sufficient to fund operations for another two quarters without being supplemented by additional capital.

On 22 June 2010, the Company signed an equity line agreement with Dutchess Opportunity Fund II for a total facility of $25 million. The facility allows the Company, at its sole discretion, to draw down up to $200,000 every 5 days. Whilst the Company can issue draw down notices for up to $200,000, in certain circumstances the level of funding received under the Agreement is variable. For example, certain adjustment events, such as the share price trading below the floor price, can reduce the draw down by 1/5 for every day an adjustment event occurs.

The Company entered into its first product sales contract on 3 August 2010. The contract with the Correctional Services of Papua New Guinea, is to supply 500 MAUL weapons and 50,000 rounds of non-lethal ammunition for a total value of US$3,365,000. The Company expects to complete this contract over the course of the next 18 months following receipt of the initial deposit of US$673,000 due upon ratification of the contract by the PNG government.

On 8 December 2010, at a General Meeting, shareholders approved a resolution for, amongst other matters, share placements totalling up to $1.1 million that the Company has entered into. These funds are expected to be received over the next 3 months.

With this information in mind the Directors believe the Company to be a going concern and therefore in compliance with listing rule 12.2.

The results reported in this Appendix 4C were in line with Company expectations.

     
 
+ See chapter 19 f   24/10/2005
Appendix 4C Page 5    

Public Document

Number of times Signed
0
Number of Saves
0
Number of Downloads
411
Number of Views
2.3k

This is version 1, from 5 years ago.

Suggest changes by making a copy of this document. Learn more.

Create Branch