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Rainbow Rare Earths Fundamentals

Company Name Rainbow Rare Earth Last Updated 06 Apr 2020
Industry Basic Materials Sector General Mining
Shares in Issue (m) 380.31 Market Cap (£m) 6.28
PE Ratio -0.28 Div per Share () 0.00
Div Yield 0.00 Div Cover 0.00
EPS -5.93 EPS Growth (%) -196.50
PEG 0.00 DPS Growth (%) n/a
Debt Ratio 2.88 Debt Equity Ratio 0.03
Net Gearing 51.05 Gross Gearing 52.72
Asset Equity Ratio 2.12 Cash Equity Ratio 3.53
Quick Ratio 0.17 Current Ratio 0.20
Price To Book Value 1.86 ROCE -350.14

Rainbow Rare Earths Dividends

Type Ex-Date Pay Date Currency Net Dividend Year Total

Rainbow Rare Earths Company Financials

Assets (£m) 2019 2018 2017
Tangible Assets 6 11 6
Intangible Assets 0 0 0
Investments 0 0 0
Total Fixed Assets 6 11 6
Stocks 0 0 0
Debtors 1 1 0
Cash & Equivalents 0 0 3
Other Assets 0 0 0
Total Assets 7 13 9
Liabilities (£m) 2019 2018 2017
Creditors within 1 year 4 2 0
Creditors after 1 year 0 0 0
Other Liabilities 0 0 0
Total Liabilities 4 2 0
Net assets 3 10 9
Equity (£m) 2019 2018 2017
Called up share capital 20 17 13
Share Premium 0 0 0
Profit / Loss -12 -3 -1
Other Equity 3 1 1
Preference & Minorities -1 -0 0
Total Capital Employed 3 10 9
Ratios 2019 2018 2017
Debt Ratio 2.88 0.00 0.00
Debt-to-Equity 0.03 0.00 0.00
Net Gearing 51.05 14.51 -29.90
Gross Gearing 52.72 17.33 4.88
Assets / Equity 2.12 1.21 1.05
Cash / Equity 3.53 3.41 36.57
EPS -5.93 -2.00 -1.00
Cash Flow (£m) 2019 2018 2017
Cash from operating activities -2 -2 -1
Cashflow before financing -4 -7 -3
Increase in Cash -0 -3 3
Income (£m) 2019 2018 2017
Turnover 2 1 0
Cost of sales 0 0 0
Gross Profit 0 0 0
Operating Profit -10 -3 -1
Pre-Tax profit -12 -3 -1
Profit / Loss for the year 20 17 13

Rainbow Rare Earths Company Background

Sector General Mining
Activities Rainbow Rare Earths Limited is a mining company focussed on the exploration and development of the high grade Gakara Rare Earth Project in Burundi, East Africa. With in-situ grades in the range of 47-67% Total Rare Earth Oxide (TREO), Gakara is one of the world's richest rare earth deposits and offers near term production potential. Commercial production is targeted to produce 5,000tpa from low-risk, low capex mining and processing. Rainbow Rare Earths has a 10-year distribution and offtake agreement for exclusive sales of 5,000 tonnes of concentrate with thyssenkrup Raw Materials, an active worldwide metals trader with offices in Europe, North America, South America and China.
Latest Interim Date 30 Mar 2020
Latest Fiscal Year End Date 09 Oct 2019

Rainbow Rare Earths Directors

Appointed Director Position
30 Jan 2017 Martin Wentworth Eales Chief Executive Officer
01 May 2017 James Edward Meynell Wynn Chief Financial Officer
30 Jan 2017 Adonis Pouroulis Non-Executive Chairman
30 Jan 2017 Robert Archibald Gilchrist Sinclair Non-Executive Director
30 Jan 2017 Shawn McCormick Non-Executive Director
30 Jan 2017 Alexander Christian Lowrie Non-Executive Director

Rainbow Rare Earths Contact Details

Company Name Rainbow Rare Earth
Company Address Trafalgar Court, East Wing, Admiral Park, St Peter Port, Guernsey GY1 3EL.
Company Telephone +44 (0)20 7494 8206
Company Website http://www.rainbowrareearths.com/

Rainbow Rare Earths Advisors

Auditor Name BDO Stoy Hayward
Auditor Address 55 Baker Street, London W1U 7EU.
Auditor Website http://www.bdo.uk.com/
Auditor Telephone +44 (0) 207486 5888
Registrar Name Computershare Investor Service
Registrar Address Kingsway House, Havilland Street, PO Box 393, St Peter Port, Guernsey GY1 3FN.
Registrar Website http://www-uk.computershare.com/
Registrar Telephone 0870 707 4040
Broker Name Daniel Stewart & Company
Broker Address Becket House, 36 Old Jewry, London EC2R 8DD.
Broker Website http://www.danielstewart.co.uk/
Broker Telephone +44 (0) 207 776 6550
Adviser Name n/a
Adviser Address n/a
Adviser Website n/a
Adviser Telephone n/a
Solicitor Name Memery Crystal LLP
Solicitor Address 44 Southampton Buildings, London WC2A 1AP.
Solicitor Website http://www.memerycrystal.com/
Solicitor Telephone +44 (0) 20 7242 5905
Stockbroker Name n/a
Stockbroker Address n/a
Stockbroker Website n/a
Stockbroker Telephone n/a