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Rarex Ltd

Basic Materials AU REE

0.008AUD
-0.001(11.11%)

Last update at 2024-12-19T00:25:00Z

Day Range

0.0080.008
LowHigh

52 Week Range

0.010.03
LowHigh

Fundamentals

  • Previous Close 0.009
  • Market Cap8.81M
  • Volume125269
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-3.99350M
  • Revenue TTM2.18M
  • Revenue Per Share TTM0.004
  • Gross Profit TTM -1.30429M
  • Diluted EPS TTM-

Analyst Recommendations

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Income before tax -9.32184M -11.22518M -6.92038M -6.68779M -2.20901M
Minority interest - - - - -
Net income -9.32184M -11.22518M -6.92038M -6.68779M -3.07287M
Selling general administrative 4.23M 5.09M 3.28M 2.66M 0.59M
Selling and marketing expenses 0.00846M 0.00845M 0.00238M 0.00124M -
Gross profit -0.00130M -0.00150M -0.00277M -0.00755M -
Reconciled depreciation 0.14M 0.12M 0.05M - 0.00415M
Ebit -9.30426M -11.20268M -6.91271M -9.32871M -1.34515M
Ebitda -9.16751M -11.08182M -6.86385M -9.32866M -1.34101M
Depreciation and amortization 0.14M 0.12M 0.05M 0.00005M 0.00415M
Non operating income net other - - - - -
Operating income -0.00904M -0.01057M -0.00604M -0.00933M -1.34515M
Other operating expenses 0.00931M 0.01M 0.00539M 0.00840M 1.35M
Interest expense 0.02M 0.02M 0.00766M 0.00766M 0.00000M
Tax provision 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Interest income 0.29M 0.00191M 0.59M 1.29M 1.01M
Net interest income -0.00840M -0.02060M 0.00076M 0.01M 0.00396M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 1.92M 0.26M 0.32M -0.01493M 0.86M
Total revenue 0.00917M 0.00191M 0.00842M 0.01M 0.00396M
Total operating expenses 11.22M 11.44M 6.74M 9.33M 1.35M
Cost of revenue 0.00130M 0.00150M 0.00277M 0.00755M -
Total other income expense net 1.90M 0.24M 0.31M 2.63M -0.86386M
Discontinued operations - - - - -
Net income from continuing ops -9.32184M -11.22518M -6.92038M -6.68779M -2.20901M
Net income applicable to common shares -9.32184M -11.22518M -6.26117M -6.68779M -2.20901M
Preferred stock and other adjustments - - - - -
Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Total assets 5.48M 7.66M 11.83M 9.36M 7.69M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 0.00000M 0.13M 0.09M 0.02M 0.01M
Total liab 1.01M 2.14M 2.26M 1.13M 1.34M
Total stockholder equity 4.47M 5.52M 9.56M 8.24M 6.35M
Deferred long term liab - - - - -
Other current liab 0.18M 0.00034M 0.00047M 0.00054M 1.21M
Common stock 51.99M 49.74M 45.72M 36.19M 29.61M
Capital stock - 49.74M 45.72M 36.19M 29.61M
Retained earnings -57.32864M -54.04694M -44.72510M -34.37392M -28.11274M
Other liab - - - - -
Good will - - - - -
Other assets - 0.00000M 0.00000M - -
Cash 1.90M 4.31M 8.23M 4.48M 3.43M
Cash and equivalents - - - 4.48M 3.43M
Total current liabilities 1.01M 1.99M 2.02M 0.81M 1.34M
Current deferred revenue 0.05M 0.25M 0.39M 0.47M -0.07122M
Net debt -1.88647M -4.07050M -7.90984M -4.09270M -3.42506M
Short term debt 0.00943M 0.09M 0.08M 0.07M 0.07M
Short long term debt - - - - -
Short long term debt total 0.00943M 0.24M 0.32M 0.39M 0.39M
Other stockholder equity - 9.82M -0.00099M -0.00182M -0.00149M
Property plant equipment - 0.50M 0.44M 1.00M 1.72M
Total current assets 2.15M 4.79M 8.74M 4.71M 3.58M
Long term investments - 2.37M 2.65M 3.66M 2.39M
Net tangible assets - 5.52M 9.56M 8.24M 6.35M
Short term investments 0.04M -2.37218M -2.64358M -3.65396M -2.38655M
Net receivables 0.21M 0.37M 0.41M 0.21M 0.14M
Long term debt - - - - -
Inventory - - - - -
Accounts payable 0.76M 1.66M 1.55M 0.27M 0.12M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 9.81M 9.82M 8.57M 6.42M 4.86M
Additional paid in capital - - - - -
Common stock total equity - - - - 29.61M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other - - - - -
Deferred long term asset charges - - - - -
Non current assets total 3.33M 2.87M 3.09M 4.66M 4.11M
Capital lease obligations - 0.24M 0.32M 0.39M -
Long term debt total - 0.15M 0.24M 0.31M 0.00000M
Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Investments -0.21147M -0.05078M 1.09M 0.49M 0.27M
Change to liabilities 0.00087M 1.64M 0.37M -0.04808M 0.07M
Total cashflows from investing activities -0.21148M -0.05078M -1.46243M 0.13M 0.44M
Net borrowings -0.08301M -0.07479M -0.02089M -0.02089M -0.02089M
Total cash from financing activities 3.68M 10.28M 5.94M 4.22M 0.69M
Change to operating activities -0.06068M 0.02M 0.03M 0.01M -0.00097M
Net income -0.00932M -0.01123M -0.00539M -0.00669M -3.07287M
Change in cash -3.92236M 3.75M 1.05M 3.00M -0.04295M
Begin period cash flow 8.23M 4.48M 3.43M 0.43M 0.47M
End period cash flow 4.31M 8.23M 4.48M 3.43M 0.43M
Total cash from operating activities -0.00739M -0.00648M -0.00342M -0.00135M -1.17692M
Issuance of capital stock 4.05M 11.02M 6.51M 4.52M 0.75M
Depreciation 0.00014M 0.00012M 0.00005M 0.05M 0.00415M
Other cashflows from investing activities -0.02000M 0.01000M -0.02694M 0.69M 0.14M
Dividends paid - - - - -
Change to inventory - - - - -
Change to account receivables 0.00003M -0.00021M -0.00003M -0.00003M 0.00929M
Sale purchase of stock -0.29562M -0.65670M -0.55223M -0.30453M -0.05974M
Other cashflows from financing activities -0.08301M -0.07479M -0.02089M 0.13M 0.44M
Change to netincome 1.83M 3.18M 2.41M 5.40M 0.90M
Capital expenditures 0.19M 0.06M 0.77M 0.56M 0.30M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 0.00003M -0.00021M -0.00003M -0.00003M 0.00256M
Stock based compensation 0.00157M 0.00216M 0.00080M 0.00190M -
Other non cash items 0.00180M 0.00463M 0.00192M 0.00347M 2.20M
Free cash flow -0.19886M -0.06446M -0.77271M -0.55975M -1.47389M

Peer Comparison

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Company Change (AUD) Price (AUD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
REE
Rarex Ltd		 -0.001 11.11% 0.008 - - 168.35 1.88 149.61 -2.2927
BHP
BHP Group Limited		 -0.59 1.47% 39.68 17.27 11.51 3.78 3.16 2.61 6.17
RIO
Rio Tinto Ltd		 -1.09 0.92% 117.40 12.14 15.38 3.72 2.34 2.47 6.01
FMG
Fortescue Ltd		 -0.72 3.88% 17.85 6.18 10.88 3.02 1.86 2.04 3.51
S32
South32 Ltd		 -0.02 0.59% 3.36 - 30.67 2.77 1.14 1.99 77.50

Reports Covered

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Profile

RareX Limited engages in the exploration and development of mineral properties in Australia. The company primarily explores for nickel, cobalt, copper, gold, and rare earths deposits. Its flagship project is the 100% owned Cummins Range Rare Earths project located in the Kimberley region of Western Australia. The company was incorporated in 2003 and is headquartered in Subiaco, Australia.

Rarex Ltd

338 Barker Road, Subiaco, WA, Australia, 6008

Key Executives

Name Title Year Born
Mr. Jeremy Kim Robinson B.Com. MD & Exec. Director NA
Ms. Oonagh Jane Malone Company Sec. 1975
Mr. Guy William Moulang Head of Exploration NA
Mr. James Durrant Chief Executive Officer NA
Ms. Oonagh Jane Malone Company Secretary 1975
Mr. Guy William Moulang Head of Geology, Exploration & Resource Manager and Head of Exploration NA
Mr. James Durrant Chief Executive Officer NA
Ms. Oonagh Jane Malone Company Secretary 1975
Mr. James Durrant Chief Executive Officer NA
Ms. Oonagh Jane Malone Company Secretary 1975

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