Financial Summary
| Number of shares | 788.5M |
| Performance shares/rights | 9.25M |
| Options (ex. price A$0.025, exp. 30-Jun-2020)
Options (ex. price A$0.014, exp. 31-Aug-2021) Convertible Notes |
15M
42.3M 1.3M |
Source: IRESS
Key Shareholders
| Board & Management | 26.7% |
| Athol Emerton (Mozambique logistics/resources businessman) | 12.3% |
| Gurravembi Investments Pty Ltd | 3.55% |
| Ms Linvana Thomson | 2.66% |
| Josh Pitt – Perth Capital | 2.54% |
| Top 20 Ownership | >44.8% |
Performance Shares
Staff performance shares
- 1.75M expiring 30.06.2020 subject to various KPIs.
CEO performance rights.
- 7.5M expiring 29.11.2020 subject to group market capitalisation (30 day average) $10.0M 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