Announcement • Jun 30
Redivium Limited Announces Resignation of Mindy Ku as Company Secretary, Effective June 30, 2025 Redivium Limited announced that Mrs. Mindy Ku has tendered her resignation as Company Secretary effective 30 June 2025. Announcement • Feb 04
Redivium Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 3.394355 million. Redivium Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 3.394355 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,394,355,462
Price\Range: AUD 0.001
Transaction Features: Rights Offering Announcement • Feb 03
Redivium Limited Announces Directorate Resignations Redivium Limited announced that Messrs Jonathan Murray and Andrew Umbers have resigned as Directors of the Company on 31 January 2025. Announcement • Jan 30
Viridian Capital Pty Ltd completed the acquisition of Reed Exploration Pty Ltd from Redivium Limited (ASX:RIL). Viridian Capital Pty Ltd agreed to acquire Reed Exploration Pty Ltd from Redivium Limited (ASX:RIL) for AUD 0.40 million on December 16, 2024. A cash consideration of AUD 0.4 million will be paid by Viridian Capital Pty Ltd. As part of consideration, AUD 0.4 million is paid towards common equity of Reed Exploration Pty Ltd.
The parties will endeavour to satisfy the conditions precedent in a timely manner and, in any event, prior to 16 January 2025 (or such other date as agreed). If the conditions precent are not satisfied or waived by the agreed date, Viridian may elect to not proceed with the Transaction.
Viridian Capital Pty Ltd completed the acquisition of Reed Exploration Pty Ltd from Redivium Limited (ASX:RIL) on January 28, 2025. Announcement • Dec 17
Viridian Capital Pty Ltd agreed to acquire Reed Exploration Pty Ltd from Redivium Limited (ASX:RIL) for AUD 0.40 million. Viridian Capital Pty Ltd agreed to acquire Reed Exploration Pty Ltd from Redivium Limited (ASX:RIL) for AUD 0.40 million on December 16, 2024. A cash consideration of AUD 0.4 million will be paid by Viridian Capital Pty Ltd. As part of consideration, AUD 0.4 million is paid towards common equity of Reed Exploration Pty Ltd.
The parties will endeavour to satisfy the conditions precedent in a timely manner and, in any event, prior to 16 January 2025 (or such other date as agreed). If the conditions precent are not satisfied or waived by the agreed date, Viridian may elect to not proceed with the Transaction. Announcement • Nov 29
Redivium Limited has filed a Follow-on Equity Offering in the amount of AUD 3.394355 million. Redivium Limited has filed a Follow-on Equity Offering in the amount of AUD 3.394355 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,394,355,462
Price\Range: AUD 0.001
Transaction Features: Rights Offering Announcement • Oct 14
Redivium Limited, Annual General Meeting, Nov 28, 2024 Redivium Limited, Annual General Meeting, Nov 28, 2024. New Risk • Sep 28
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 Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.8m free cash flow). Share price has been highly volatile over the past 3 months (53% average weekly change). Earnings have declined by 22% 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 2023 fiscal period end). Market cap is less than US$100m (AU$20.4m market cap, or US$14.1m). Announcement • May 03
Brett Salt to Step Down as Managing Director of Redivium Limited on July 22,2024 Redivium Limited announced Managing Director (MD), Mr. Brett Salt, has provided the Company with 3 month's notice and will step down from his role on 22 July 2024. In the meantime, Mr. Salt will continue his current role and assist with the execution of the Company's strategy. Mr. Salto t is leaving the Company to take up a senior position outside of Redivium. New Risk • Mar 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.8m 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$2.8m free cash flow). Shares are highly illiquid. Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m (AU$141k revenue, or US$94k). Market cap is less than US$10m (AU$10.1m market cap, or US$6.70m). New Risk • Feb 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.5m (US$8.81m) 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 Shares are highly illiquid. Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$13.5m market cap, or US$8.81m). Announcement • Jan 31
Redivium Limited Announces Board Changes Redivium Limited announced the appointment of Mr. Brett Salt to the Board as Managing Director, effective immediately. Mr. Salt was first appointed to the Company as the Chief Executive Officer in October 2023. His remuneration and other contractual arrangements remain unchanged from that disclosed previously. Mr. Salt holds a Bachelor of Commerce, majoring in Economics and Commercial Law from Curtin University of Technology, Perth, Australia and a diploma in Investment and Risk Management in Shipping from the IMD Business School, Lausanne, Switzerland. Over a career spanning close to three decades in the resources industry, including more than 22 years with Rio Tinto, Mr. Salt has held a variety of senior roles across Asia-Pacific, North America and Europe. More recently, he held a senior executive position with Fremantle Ports. His executive experience covers strategy, corporate development, mergers and acquisitions, sales and marketing, finance, shipping, logistics and operations. Board Change • Jan 25
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Andrew Umbers was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 17
Hannans Limited, Annual General Meeting, Nov 28, 2023 Hannans Limited, Annual General Meeting, Nov 28, 2023. Location: The Quest Kings Park, Level 1 of 54 Kings Park Road West Perth Western Australia Australia Agenda: To consider the election of directors. 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 (19% average weekly change). Earnings have declined by 25% 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 (29% increase in shares outstanding). Market cap is less than US$100m (AU$30.3m market cap, or US$19.3m). New Risk • Aug 18
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 25% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (AU$30.3m market cap, or US$19.4m). Announcement • Jun 09
Hannans Limited Appoints Brett Salt as CEO Hannans Ltd. announce the appointment of Mr. Brett Salt as Chief Executive Officer (CEO). Mr. Salt holds a Bachelor of Commerce, majoring in Economics and Commercial Law from Curtin University of Technology, Perth, Australia and a diploma in Investment and Risk Management in Shipping from the IMD Business School, Lausanne, Switzerland. Over a career spanning close to three decades in the resources industry, including more than 22 years with Rio Tinto, Mr. Salt has held a variety of senior roles across Asia-Pacific, North America and Europe. More recently, he also held senior executive positions with Turquoise Hill Resources, South Gobi, Ferrexpo and Fremantle Ports. His executive experience covers strategy, corporate development, mergers and acquisitions, sales and marketing, finance, shipping, logistics and operations. As Hannans moves towards commercialising its lithium-ion battery recycling technology under licences across several jurisdictions in the EU and the UK, company anticipate that Mr. Salt's deep international commercial and operational experience will greatly assist Hannans in the roll out of the hub and spoke battery shredding and materials recovery business model. Announcement • Jan 20
Hannans Limited Appoints Michael O'Leary-Collins as Head of European Operations Hannans Limited provide an update on its activities following completion of its re-compliance transaction and re-admission to trading in December 2022. Appointment of key personnel based in Europe: Mr. Michael O'Leary-Collins has been appointed Head of European Operations. Michael is the principal of Greenhouse Investments Ltd. that is now the second largest shareholder in Hannans. He is a Bond University MBA and Law graduate with an investment banking and private equity consulting background. Greenhouse was founded by Michael 17 years ago and provides an integrated approach to capital markets, international trade and urban mining. Four executives as part of the build out of the European Operations team. Board Change • Dec 10
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Amanda Scott was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Amanda Scott was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Recent Insider Transactions • Dec 27
Insider recently bought AU$70k worth of stock On the 22nd of December, Christopher Reed bought around 10m shares on-market at roughly AU$0.007 per share. 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 • Sep 19
Full year earnings released - AU$0.001 loss per share Over the last 12 months the company has reported total losses of AU$1.90m, with losses narrowing by 8.8% from the prior year.