Financial Summary
| Number of shares | 778.5M |
| Performance shares/rights | 16.7M |
| Options (ex. price A$0.025, exp. 30-Jun-2020)
Options (ex. price A$0.014, exp. 31-Aug-2021) Convertible Notes |
15M
42.2M 1.3M |
Source: IRESS
Key Shareholders
| Board & Management | 33.2% |
| Athol Emerton (Mozambique logistics/resources businessman) | 12.4% |
| Josh Pitt – Perth Capital | 4.5% |
| Simon Farrell | 4.5% |
| Top 20 Ownership | >60% |
Performance Shares
PacMoz purchase performance shares
- 30M expiring 24.03.2019 subject to combined turnover of PacMoz Group in 12 month period of at least $2.0M with net profit margin after tax of greater than 15%.
CEO performance rights
- 7.5M expiring 26.11.2017 subject to group market capitalisation (30 day average) $6.0M and/or group gross income exceeding $1.25M.
- 7.5M expiring 26.11.2018 subject to group market capitalisation (30 day average) $8.0M and/or group gross income exceeding $2.0M.
Financial Considerations
RBR is significantly undervalued given it has:
No debt
A modest cost profile and positive outlook on future cash generation
A robust, compelling and replicable business model, requiring minimal capital investment
A very experienced board and management team
A strategy which utilises partnerships and JVs with sector experts/leaders to accelerate entry into target sector