CORPORATE OVERVIEW

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

 

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.

 

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%

 

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