CORPORATE OVERVIEW

FINANCIAL SUMMARY

Number of shares 1,282M
Options (ex at 20day VWAP, expiring 8 Sep 2022 18M

Convertible Notes

 

 

 0.4M

 

Source: IRESS

 

KEY SHAREHOLDERS

Board & Management 18.0%
Athol Emerton (Mozambique logistics/resources businessman) 8.63%
Kyle Haynes 6.83%
Ian Macpherson 6.32%

 

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