View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsRex Minerals 과거 순이익 실적과거 기준 점검 0/6Rex Minerals의 수입은 연평균 -32.2%의 비율로 감소해 온 반면, Metals and Mining 산업의 수입은 연간 15.2% 증가했습니다.핵심 정보-32.16%순이익 성장률-15.53%주당순이익(EPS) 성장률Metals and Mining 산업 성장률22.33%매출 성장률n/a자기자본이익률-28.03%순이익률n/a최근 순이익 업데이트30 Jun 2024최근 과거 실적 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • Nov 01MACH Metals Australia Pty Ltd completed the acquisition of remaining 84.20% stake in Rex Minerals Limited (ASX:RXM).MACH Metals Australia Pty Ltd entered into a Scheme Implementation Deed to acquire remaining 84.20% stake in Rex Minerals Limited (ASX:RXM) for approximately AUD 300 million on July 8, 2024. A cash consideration valued at AUD 0.47 per share will be paid by MACH Metals Australia for 767,901,670 Rex Shares and 5.387501 million for 38.750006 million options. Upon completion, MACH Metals Australia Pty Ltd will own 100% stake in Rex Minerals Limited. The transaction is subject to approval by regulatory board / committee, approval of offer by target shareholders and requisite court approval. The deal has been unanimously approved by the board of Rex Minerals. As of October 15, 2024, the deal has been approved by the Federal Court of Australia. The expected completion of the transaction is in late October 2024. The deal is expected to close on October 30, 2024. As of October 10, 2024, the FIRB and the shareholders of Rex Minerals Limited approved the scheme. As of October 16, 2024, the transaction has been approved by the Federal Court of Australia. Macquarie Capital Limited acted as financial advisor for Rex Minerals Limited. Baker & Mckenzie acted as legal advisor for Rex Minerals Limited. Moelis Australia Securities Pty Ltd. acted as financial advisor for MACH Metals Australia Pty Ltd. Corrs Chambers Westgarth acted as legal advisor for MACH Metals Australia Pty Ltd. Computershare Investor Services Pty Limited acted as registrar to Rex Minerals. MA Financial Group Limited (ASX:MAF) acted as financial advisor to MACH Metals. MACH Metals Australia Pty Ltd completed the acquisition of remaining 84.20% stake in Rex Minerals Limited (ASX:RXM) on October 30, 2024.New Risk • Sep 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 29% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$17m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings are forecast to decline by an average of 29% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$28m net loss in 2 years). Shareholders have been diluted in the past year (23% increase in shares outstanding).New Risk • Aug 28New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$17m This is considered a major 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 Less than 1 year of cash runway based on free cash flow trend (-AU$17m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m (AU$505k revenue, or US$343k). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding).공시 • Jul 10MACH Metals Australia Pty Ltd entered into a Scheme Implementation Deed to acquire remaining 84.20% stake in Rex Minerals Limited (ASX:RXM) for approximately AUD 300 million.MACH Metals Australia Pty Ltd entered into a Scheme Implementation Deed to acquire remaining 84.20% stake in Rex Minerals Limited (ASX:RXM) for approximately AUD 300 million on July 8, 2024. A cash consideration valued at AUD 0.47 per share will be paid by MACH Metals Australia for 767,901,670 Rex Shares and 5.387501 million for 38.750006 million options. Upon completion, MACH Metals Australia Pty Ltd will own 100% stake in Rex Minerals Limited. The transaction is subject to approval by regulatory board / committee, approval of offer by target shareholders. The deal has been unanimously approved by the board of Rex Minerals. The expected completion of the transaction is in late October 2024. Macquarie Capital Limited acted as financial advisor for Rex Minerals Limited. Baker & Mckenzie acted as legal advisor for Rex Minerals Limited. Moelis Australia Securities Pty Ltd. acted as financial advisor for MACH Metals Australia Pty Ltd. Corrs Chambers Westgarth acted as legal advisor for MACH Metals Australia Pty Ltd. Computershare Investor Services Pty Limited acted as registrar to Rex Minerals.New Risk • May 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$16m net loss in 2 years). Shareholders have been diluted in the past year (30% increase in shares outstanding).New Risk • Mar 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$8.0m net loss in 2 years). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (AU$130.5m market cap, or US$86.2m).공시 • Jan 18Rex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 29.78427 million.Rex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 29.78427 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 63,698,759 Price\Range: AUD 0.185 Discount Per Security: AUD 0.00925 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 52,941,176 Price\Range: AUD 0.17 Discount Per Security: AUD 0.0051 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 52,941,176 Price\Range: AUD 0.17 Discount Per Security: AUD 0.0085 Transaction Features: Rights Offering; Subsequent Direct Listing공시 • Oct 27Rex Minerals Limited, Annual General Meeting, Nov 28, 2023Rex Minerals Limited, Annual General Meeting, Nov 28, 2023, at 11:01 AUS Eastern Standard Time. Location: Baker McKenzie, Level 19, 181 William Street Melbourne Victoria Australia Agenda: To consider adoption of Remuneration Report; to consider re-election of Ms. Amber Rivamonte; to consider Refreshment of Previous Share & Unlisted Option Issues Placement; and to consider Grant of Options to the Managing Director, Executive Director of Finance, and Non-Executive Directors.New Risk • Sep 12New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$37m This is considered a major 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 Less than 1 year of cash runway based on free cash flow trend (-AU$37m free cash flow). Earnings have declined by 37% per year over the past 5 years. Revenue is less than US$1m (AU$537k revenue, or US$345k). Minor Risks Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Market cap is less than US$100m (AU$117.8m market cap, or US$75.6m).New Risk • Sep 02New minor risk - Financial data availabilityThe 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 Less than 1 year of cash runway based on free cash flow trend (-AU$23m free cash flow). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Market cap is less than US$100m (AU$117.1m market cap, or US$75.5m).New Risk • Aug 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.8% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$23m free cash flow). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Market cap is less than US$100m (AU$126.6m market cap, or US$82.2m).Board Change • Mar 29High number of new directorsIndependent Non-Executive Director Andrew Seaton was the last director to join the board, commencing their role in 2021.Recent Insider Transactions • Mar 17Independent Non-Executive Director recently bought AU$150k worth of stockOn the 15th of March, Gregory Robinson bought around 625k shares on-market at roughly AU$0.24 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$318k more in shares than they have sold in the last 12 months.Board Change • Jan 02High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. MD, CEO & Director Richard Laufmann is the most experienced director on the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Is New 90 Day High Low • Jan 20New 90-day high: AU$0.21The company is up 48% from its price of AU$0.14 on 23 October 2020. The Australian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 20% over the same period.매출 및 비용 세부 내역Rex Minerals가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이CHIA:RXM 매출, 비용 및 순이익 (AUD Millions)날짜매출순이익일반관리비연구개발비30 Jun 240-1515031 Mar 240-1717031 Dec 230-1919030 Sep 230-2222030 Jun 230-2525031 Mar 230-2324031 Dec 220-2122030 Sep 220-1718030 Jun 220-1313031 Mar 220-1111031 Dec 210-88030 Sep 210-98030 Jun 210-98031 Mar 210-87031 Dec 200-77030 Sep 200-66030 Jun 200-55031 Mar 200-55031 Dec 190-44030 Sep 190-55030 Jun 190-55031 Mar 190-55031 Dec 180-55030 Sep 180-55030 Jun 180-55031 Mar 180-55031 Dec 170-55030 Sep 170-35030 Jun 170-14031 Mar 170-14031 Dec 160-14030 Sep 160-34030 Jun 160-55031 Mar 160-65031 Dec 150-66030 Sep 150-87030 Jun 150-99031 Mar 150-1717031 Dec 140-2525030 Sep 140-2124030 Jun 140-1723031 Mar 140-6150양질의 수익: RXM 은(는) 현재 수익성이 없습니다.이익 마진 증가: RXM는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: RXM은 수익성이 없으며 지난 5년 동안 손실이 연평균 32.2% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 RXM의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: RXM은 수익성이 없어 지난 해 수익 성장률을 Metals and Mining 업계(59.9%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: RXM는 현재 수익성이 없으므로 자본 수익률이 음수(-28.03%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/11/01 18:39종가2024/10/29 00:00수익2024/06/30연간 수익2024/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Rex Minerals Limited는 5명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Daniel SeeneyCitigroup IncAndrew MuirJ.P. MorganAdam BakerMacquarie Research2명의 분석가 더 보기
공시 • Nov 01MACH Metals Australia Pty Ltd completed the acquisition of remaining 84.20% stake in Rex Minerals Limited (ASX:RXM).MACH Metals Australia Pty Ltd entered into a Scheme Implementation Deed to acquire remaining 84.20% stake in Rex Minerals Limited (ASX:RXM) for approximately AUD 300 million on July 8, 2024. A cash consideration valued at AUD 0.47 per share will be paid by MACH Metals Australia for 767,901,670 Rex Shares and 5.387501 million for 38.750006 million options. Upon completion, MACH Metals Australia Pty Ltd will own 100% stake in Rex Minerals Limited. The transaction is subject to approval by regulatory board / committee, approval of offer by target shareholders and requisite court approval. The deal has been unanimously approved by the board of Rex Minerals. As of October 15, 2024, the deal has been approved by the Federal Court of Australia. The expected completion of the transaction is in late October 2024. The deal is expected to close on October 30, 2024. As of October 10, 2024, the FIRB and the shareholders of Rex Minerals Limited approved the scheme. As of October 16, 2024, the transaction has been approved by the Federal Court of Australia. Macquarie Capital Limited acted as financial advisor for Rex Minerals Limited. Baker & Mckenzie acted as legal advisor for Rex Minerals Limited. Moelis Australia Securities Pty Ltd. acted as financial advisor for MACH Metals Australia Pty Ltd. Corrs Chambers Westgarth acted as legal advisor for MACH Metals Australia Pty Ltd. Computershare Investor Services Pty Limited acted as registrar to Rex Minerals. MA Financial Group Limited (ASX:MAF) acted as financial advisor to MACH Metals. MACH Metals Australia Pty Ltd completed the acquisition of remaining 84.20% stake in Rex Minerals Limited (ASX:RXM) on October 30, 2024.
New Risk • Sep 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 29% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$17m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings are forecast to decline by an average of 29% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$28m net loss in 2 years). Shareholders have been diluted in the past year (23% increase in shares outstanding).
New Risk • Aug 28New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$17m This is considered a major 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 Less than 1 year of cash runway based on free cash flow trend (-AU$17m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m (AU$505k revenue, or US$343k). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding).
공시 • Jul 10MACH Metals Australia Pty Ltd entered into a Scheme Implementation Deed to acquire remaining 84.20% stake in Rex Minerals Limited (ASX:RXM) for approximately AUD 300 million.MACH Metals Australia Pty Ltd entered into a Scheme Implementation Deed to acquire remaining 84.20% stake in Rex Minerals Limited (ASX:RXM) for approximately AUD 300 million on July 8, 2024. A cash consideration valued at AUD 0.47 per share will be paid by MACH Metals Australia for 767,901,670 Rex Shares and 5.387501 million for 38.750006 million options. Upon completion, MACH Metals Australia Pty Ltd will own 100% stake in Rex Minerals Limited. The transaction is subject to approval by regulatory board / committee, approval of offer by target shareholders. The deal has been unanimously approved by the board of Rex Minerals. The expected completion of the transaction is in late October 2024. Macquarie Capital Limited acted as financial advisor for Rex Minerals Limited. Baker & Mckenzie acted as legal advisor for Rex Minerals Limited. Moelis Australia Securities Pty Ltd. acted as financial advisor for MACH Metals Australia Pty Ltd. Corrs Chambers Westgarth acted as legal advisor for MACH Metals Australia Pty Ltd. Computershare Investor Services Pty Limited acted as registrar to Rex Minerals.
New Risk • May 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$16m net loss in 2 years). Shareholders have been diluted in the past year (30% increase in shares outstanding).
New Risk • Mar 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$8.0m net loss in 2 years). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (AU$130.5m market cap, or US$86.2m).
공시 • Jan 18Rex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 29.78427 million.Rex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 29.78427 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 63,698,759 Price\Range: AUD 0.185 Discount Per Security: AUD 0.00925 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 52,941,176 Price\Range: AUD 0.17 Discount Per Security: AUD 0.0051 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 52,941,176 Price\Range: AUD 0.17 Discount Per Security: AUD 0.0085 Transaction Features: Rights Offering; Subsequent Direct Listing
공시 • Oct 27Rex Minerals Limited, Annual General Meeting, Nov 28, 2023Rex Minerals Limited, Annual General Meeting, Nov 28, 2023, at 11:01 AUS Eastern Standard Time. Location: Baker McKenzie, Level 19, 181 William Street Melbourne Victoria Australia Agenda: To consider adoption of Remuneration Report; to consider re-election of Ms. Amber Rivamonte; to consider Refreshment of Previous Share & Unlisted Option Issues Placement; and to consider Grant of Options to the Managing Director, Executive Director of Finance, and Non-Executive Directors.
New Risk • Sep 12New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$37m This is considered a major 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 Less than 1 year of cash runway based on free cash flow trend (-AU$37m free cash flow). Earnings have declined by 37% per year over the past 5 years. Revenue is less than US$1m (AU$537k revenue, or US$345k). Minor Risks Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Market cap is less than US$100m (AU$117.8m market cap, or US$75.6m).
New Risk • Sep 02New minor risk - Financial data availabilityThe 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 Less than 1 year of cash runway based on free cash flow trend (-AU$23m free cash flow). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Market cap is less than US$100m (AU$117.1m market cap, or US$75.5m).
New Risk • Aug 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.8% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$23m free cash flow). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Market cap is less than US$100m (AU$126.6m market cap, or US$82.2m).
Board Change • Mar 29High number of new directorsIndependent Non-Executive Director Andrew Seaton was the last director to join the board, commencing their role in 2021.
Recent Insider Transactions • Mar 17Independent Non-Executive Director recently bought AU$150k worth of stockOn the 15th of March, Gregory Robinson bought around 625k shares on-market at roughly AU$0.24 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$318k more in shares than they have sold in the last 12 months.
Board Change • Jan 02High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. MD, CEO & Director Richard Laufmann is the most experienced director on the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Is New 90 Day High Low • Jan 20New 90-day high: AU$0.21The company is up 48% from its price of AU$0.14 on 23 October 2020. The Australian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 20% over the same period.