CORPORATE OVERVIEW
FINANCIAL SUMMARY
| Number of shares | 1,618M |
| Options (ex at @0.005, expiring 31 Dec 2024) | 96M |
| Convertible Notes | 2M |
| Performance Rights | 60M |
Source: IRESS
KEY SHAREHOLDERS
| Board & Management | 18.3% |
| Athol Emerton (and Associated Entities) | 6.84% |
| Tennant Administration Services (PTY) Ltd | 5.45% |
| Ian Macpherson (and Associated Entities) | 5.38% |
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