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Riedel Resources Limited
(Sydney:RIE)
Riedel Resources Limited (RIE) vs. iShares MSCI Australia ETF (EWA)
Riedel Resources Limited Business Overview & Revenue Model
Riedel Resources Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.12K | 8.94K | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -1.63K | 8.94K | -653.00 | 0.00 | 0.00 | -645.00 | EBIT |
| -697.13K | -778.86K | -807.08K | -726.03K | -3.46M | -1.20M | EBITDA |
| -697.13K | -778.86K | -819.59K | -725.34K | -3.46M | -1.13M | Net Income Common Stockholders |
| -6.30M | -6.37M | -820.24K | -724.41K | -3.46M | -1.13M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 214.91K | 160.48K | 2.83M | 1.37M | 2.72M | 885.63K | Total Assets |
| 6.63M | 6.43M | 9.66M | 5.61M | 5.34M | 1.92M | Total Debt |
| 531.03K | 29.35K | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| 316.12K | -131.13K | -2.83M | -1.37M | -2.72M | -885.63K | Total Liabilities |
| 721.09K | 233.21K | 773.66K | 69.55K | 119.66K | 23.81K | Stockholders Equity |
| 4.08M | 3.64M | 8.89M | 5.55M | 5.22M | 1.90M |
| Cash Flow | Free Cash Flow | ||||
| -990.23K | -3.07M | ― | ― | ― | ― | Operating Cash Flow |
| -560.97K | -790.64K | ― | ― | ― | ― | Investing Cash Flow |
| -443.62K | -2.32M | -2.10M | -1.73M | -1.48M | -17.65K | Financing Cash Flow |
| 488.67K | 437.93K | 4.25M | 1.00M | 3.73M | 15.75K |
Riedel Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $2.03B | -1.27 | -21.09% | 4.14% | 2.90% | -30.49% | |
36 Underperform | AU$1.50M | ― | -93.85% | ― | ― | -396.93% | |
| €339.08M | ― | -16.63% | ― | ― | ― | ||
| $19.15B | 26.84 | 11.01% | 2.17% | ― | ― | ||
| $10.92B | 24.29 | 16.97% | 1.58% | ― | ― | ||
| $3.86B | ― | -0.68% | ― | ― | ― | ||
| $2.05B | 9.49 | 26.42% | 1.00% | ― | ― |
Riedel Resources Limited Corporate Events
Riedel Resources Limited has reported progress in its Kingman Project in Arizona, with strategic planning underway to leverage the current high gold prices, which have exceeded $3,000 USD per ounce. The company is actively engaging with stakeholders and potential partners to enhance project development and is exploring toll treatment opportunities for its Tintic Deposit, which has a high-grade mineral resource estimate. This strategic positioning aims to capitalize on favorable market conditions, potentially impacting the company’s operational growth and stakeholder value.
Riedel Resources Limited has announced a change in the director’s interest notice concerning Scott Cuomo. The company issued 241,916 share rights to Mr. Cuomo in lieu of director fees for the first quarter of 2025, as approved by shareholders at the annual general meeting. This adjustment in share rights reflects a strategic decision to compensate directors with equity, potentially aligning their interests with those of shareholders.
Riedel Resources Limited has announced the issuance of 1,028,143 unquoted share rights as part of an employee incentive scheme. This move is likely aimed at motivating and retaining employees by offering them potential equity in the company, which could impact the company’s operational dynamics and stakeholder interests positively.
Riedel Resources Limited has announced the appointment of Adrien Wing as the new Company Secretary, succeeding Maddison Cramer and Marie Forsyth. This change is part of the company’s ongoing efforts to strengthen its corporate governance and communication with the ASX. Additionally, the company has updated its registered address and principal place of business to a new location in Melbourne, which reflects its strategic operational adjustments.
Riedel Resources Limited announced the cessation of Grant Mooney as a director effective April 7, 2025. The notice details his interests in the company’s securities, including fully paid ordinary shares and unlisted share rights. This change in directorship may impact the company’s governance and strategic direction, as Mooney held significant interests in the company through both direct and indirect holdings.
Riedel Resources Limited has announced the appointment of Scott Patrizi as a new director, effective April 8, 2025. The initial director’s interest notice reveals that Patrizi currently holds no securities in the company, indicating a fresh start in his role without any pre-existing financial interests in the company.
Riedel Resources Limited has announced the appointment of Mr. Scott Patrizi as an independent Non-Executive Director, effective April 8, 2025. Mr. Patrizi brings extensive experience in equity capital markets and project acquisitions, having previously held executive roles in various mining companies. His appointment coincides with the resignation of Mr. Grant Mooney as Non-Executive Director, with Mr. Scott Cuomo taking over as Non-Executive Chairman. These changes are expected to strengthen Riedel’s leadership and strategic direction, potentially impacting its market positioning and stakeholder interests.
Riedel Resources Limited has announced the issuance of 4,125 convertible notes, which are unquoted securities not intended for listing on the ASX. This move is part of a previously announced transaction, potentially impacting the company’s financial structure and providing flexibility in capital management.
Riedel Resources Limited has released its 2024 half-year report, which includes an operations review, compliance statement, directors’ report, and financial statements. This report provides stakeholders with insights into the company’s financial health and operational performance for the first half of the year, although specific details about the company’s industry or market focus were not provided.
Riedel Resources Limited has announced a proposed issue of securities, specifically lead manager options totaling 594,000 units. This issuance is scheduled for June 30, 2025, and is part of a placement or other type of issue. The announcement indicates that the securities may be quoted on the ASX, pending agreement and compliance with the ASX Listing Rules. This move could potentially impact Riedel Resources’ market positioning by increasing its capital base, which may be utilized for further business development or operational expansion.
Riedel Resources Limited has announced a proposed issue of securities, specifically convertible notes, with a maximum of 4,125 securities to be issued. This move is part of a placement or other type of issue, scheduled for March 24, 2025. The announcement reflects the company’s strategic efforts to raise capital, potentially impacting its operational capabilities and market positioning.
Riedel Resources Limited has secured firm commitments to raise $165,000 through the issuance of 4,125 Convertible Notes to professional and sophisticated investors, aimed at bolstering working capital and conducting due diligence on potential projects. The capital raising is managed by Oracle Capital Group Pty Ltd, and the company plans to issue unquoted options to Oracle Capital, subject to shareholder approval. Additionally, US-based director Jason Pater has resigned from his position due to increased commitments in the US, marking a significant board change.