Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Joshua Pitt was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • May 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (AU$2.1m revenue, or US$1.5m). Market cap is less than US$100m (AU$46.0m market cap, or US$33.4m). Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Joshua Pitt was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Mar 03
Red Metal Announces the Results of First Proof-Of-Concept Impurity Removal Trial on the Sybella Rare Earth Ore The Board of Red Metal announced the results of first proof-of-concept impurity removal trial on the Sybella rare earth ore leading to the successful precipitation of a potentially saleable mixed rare earth carbonate (MREC) product. Key RES Results and IMPLICATIONS: 48.7% of the MREC product is comprised of Total Rare Earth Oxides (TREO). Although subject to further optimisation studies, the Company believe that, with the successful production of this maiden MREC product, the Company now has a pathway established to developing a premium MREC product which is a major positive for the Sybella project. Sybella rare earth oxide (REO) discovery is a new granite-hosted deposit type located just 20 kilometres southwest of Mount Isa that offers vast tonnage potential. The company look forward to announcing assay results from the over 8000 metres of step-out drilling recently completed across a 24 square kilometres area of the project are due shortly. It also accounts for any mass loss within the test., Location of data points, Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation., PLS for impurity removal were derived from RC percussion chip and crushed diamond core samples. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. 'down hole length, true width not known')., Diagrams, Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views., and 3 June 2024 for RC and diamond core collar coordinates and assays., Balanced reporting, Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Joshua Pitt was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Sep 22
Red Metal Limited, Annual General Meeting, Nov 17, 2025 Red Metal Limited, Annual General Meeting, Nov 17, 2025. Board Change • Aug 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Joshua Pitt was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Jun 05
Red Metal Limited Announces Gulf and Three Ways Copper-Gold Project Updates Red Metal Limited's exploration team have been awarded two separate Collaborative Drilling Grants from the Queensland Government totalling $400,000. This welcomed funding support will be used to undertake proof-of-concept drill tests on standout geophysical targets outlined on the separate Gulf and Three Ways projects in Northwest Queensland. The projects are located within the poorly exposed northern extensions of the proven Mount Isa terrain and cover targets prospective for giant copper mineral systems. The Gulf drilling will be directed towards target GT9, a large 5 milligal gravity feature (refer Red Metal ASX release dated 29 January 2024) comparable in size and amplitude to that over the giant Oak Dam copper-gold discovery in South Australia . Historic drilling elsewhere on the project has identified favourable hematite breccias adding further support to this previously untested exploration concept . Three Ways drilling will test a 1.7 kilometre long, magnetic target coincident with a strong conductance anomaly (T132) for Mount Isa style sedimentary-hosted copper mineralisation . Located within a previously unrecognised basin containing favourable sulphidic host rocks this discrete structure-controlled anomaly is located adjacent to a large basin margin fault zone and stands out as a priority drill target . Heritage surveys in preparation for these drill tests are planned for June with drilling anticipated to begin in August 2025. Board Change • Feb 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Joshua Pitt was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Joshua Pitt was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 07
Independent Non-Executive Director recently bought AU$118k worth of stock On the 1st of November, Joshua Pitt bought around 948k shares on-market at roughly AU$0.12 per share. This transaction amounted to 76% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Oct 02
Full year 2024 earnings released: AU$0.02 loss per share (vs AU$0.025 loss in FY 2023) Full year 2024 results: AU$0.02 loss per share (improved from AU$0.025 loss in FY 2023). Revenue: AU$1.83m (down 34% from FY 2023). Net loss: AU$5.64m (loss narrowed 9.1% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. New Risk • Sep 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 47% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (14% increase in shares outstanding). Revenue is less than US$5m (AU$2.7m revenue, or US$1.8m). Market cap is less than US$100m (AU$33.0m market cap, or US$22.7m). Ankündigung • Sep 24
Red Metal Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million. Red Metal Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: AUD 0.1 Ankündigung • Sep 17
Red Metal Limited, Annual General Meeting, Nov 11, 2024 Red Metal Limited, Annual General Meeting, Nov 11, 2024. Reported Earnings • Mar 13
First half 2024 earnings released: AU$0.011 loss per share (vs AU$0.012 loss in 1H 2023) First half 2024 results: AU$0.011 loss per share (improved from AU$0.012 loss in 1H 2023). Revenue: AU$370.4k (down 19% from 1H 2023). Net loss: AU$2.85m (loss narrowed 4.2% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. New Risk • Mar 12
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$10m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 47% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$10m). Shareholders have been diluted in the past year (22% increase in shares outstanding). Revenue is less than US$5m (AU$1.9m revenue, or US$1.2m). Market cap is less than US$100m (AU$47.9m market cap, or US$31.6m). New Risk • Feb 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 32% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Revenue is less than US$5m (AU$2.7m revenue, or US$1.8m). Market cap is less than US$100m (AU$38.8m market cap, or US$25.5m). Reported Earnings • Sep 28
Full year 2023 earnings released: AU$0.025 loss per share (vs AU$0.009 loss in FY 2022) Full year 2023 results: AU$0.025 loss per share (further deteriorated from AU$0.009 loss in FY 2022). Revenue: AU$2.74m (up 4.6% from FY 2022). Net loss: AU$6.21m (loss widened 171% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. New Risk • Sep 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 5.8% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (7.2% increase in shares outstanding). Revenue is less than US$5m (AU$2.7m revenue, or US$1.7m). Market cap is less than US$100m (AU$21.8m market cap, or US$14.1m). Ankündigung • Sep 22
Red Metal Limited, Annual General Meeting, Nov 17, 2023 Red Metal Limited, Annual General Meeting, Nov 17, 2023, at 11:00 E. Australia Standard Time. Location: Level 15, 323 Castlereagh Street, Sydney New South Wales 2000 Australia New Risk • Sep 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 5.8% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Revenue is less than US$5m (AU$2.7m revenue, or US$1.7m). Market cap is less than US$100m (AU$27.0m market cap, or US$17.2m). Recent Insider Transactions • Aug 31
Independent Non-Executive Director recently bought AU$162k worth of stock On the 24th of August, Joshua Pitt bought around 2m shares on-market at roughly AU$0.11 per share. This transaction increased Joshua's direct individual holding by 5x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Recent Insider Transactions • Aug 04
Independent Non-Executive Director recently bought AU$60k worth of stock On the 1st of August, Joshua Pitt bought around 815k shares on-market at roughly AU$0.073 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Jun 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.7m (US$9.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 5.8% per year over the past 5 years. Market cap is less than US$10m (AU$14.7m market cap, or US$9.97m). Minor Risk Revenue is less than US$5m (AU$2.7m revenue, or US$1.8m). Reported Earnings • Mar 11
First half 2023 earnings released: AU$0.012 loss per share (vs AU$0.004 loss in 1H 2022) First half 2023 results: AU$0.012 loss per share (further deteriorated from AU$0.004 loss in 1H 2022). Revenue: AU$456.6k (up 19% from 1H 2022). Net loss: AU$2.98m (loss widened 173% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Board Change • Nov 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Joshua Pitt was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 01
Full year 2022 earnings released: AU$0.009 loss per share (vs AU$0.006 loss in FY 2021) Full year 2022 results: AU$0.009 loss per share (further deteriorated from AU$0.006 loss in FY 2021). Revenue: AU$2.63m (down 22% from FY 2021). Net loss: AU$2.29m (loss widened 69% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Joshua Pitt was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 06
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.004 loss per share (vs AU$0.004 loss in 1H 2021). Revenue: AU$382.3k (down 15% from 1H 2021). Net loss: AU$1.09m (loss widened 26% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Sep 25
Full year 2021 earnings released: AU$0.006 loss per share (vs AU$0.001 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: AU$3.37m (down 16% from FY 2020). Net loss: AU$1.36m (down AU$1.62m from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 09
First half 2021 earnings released: AU$0.004 loss per share (vs AU$0.001 loss in 1H 2020) The company reported a soft first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: AU$448.9k (up 27% from 1H 2020). Net loss: AU$861.9k (loss widened 225% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.