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Rackla Metals

OTCPK:RMET.F
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RMET.F
OTCPK
CA$2M
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Rackla Metals Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The last earnings update was 16 days ago. More info.


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RMET.F Share Price and Events
7 Day Returns
0%
OTCPK:RMET.F
-0.3%
US Metals and Mining
-4.1%
US Market
1 Year Returns
-11.3%
OTCPK:RMET.F
-29.6%
US Metals and Mining
-14.9%
US Market
RMET.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rackla Metals (RMET.F) 0% -33.9% - -11.3% -26.6% 37.5%
US Metals and Mining -0.3% -21.3% -30.4% -29.6% -28.1% -10.4%
US Market -4.1% -19.1% -23.4% -14.9% 3.5% 14.5%
1 Year Return vs Industry and Market
  • RMET.F outperformed the Metals and Mining industry which returned -29.6% over the past year.
  • RMET.F outperformed the Market in United States of America which returned -14.9% over the past year.
Price Volatility
RMET.F
Industry
5yr Volatility vs Market

RMET.F Value

 Is Rackla Metals undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether Rackla Metals is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Rackla Metals has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Rackla Metals. This is due to cash flow or dividend data being unavailable. The share price is $0.055.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Rackla Metals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rackla Metals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:RMET.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$-0.01
TSXV:RAK Share Price ** TSXV (2020-03-25) in CAD CA$0.08
United States of America Metals and Mining Industry PE Ratio Median Figure of 36 Publicly-Listed Metals and Mining Companies 8.29x
United States of America Market PE Ratio Median Figure of 2,944 Publicly-Listed Companies 12.5x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Rackla Metals.

OTCPK:RMET.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:RAK Share Price ÷ EPS (both in CAD)

= 0.08 ÷ -0.01

-5.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rackla Metals is loss making, we can't compare its value to the US Metals and Mining industry average.
  • Rackla Metals is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Rackla Metals's expected growth come at a high price?
Raw Data
OTCPK:RMET.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Metals and Mining Industry PEG Ratio Median Figure of 22 Publicly-Listed Metals and Mining Companies -0.12x
United States of America Market PEG Ratio Median Figure of 2,008 Publicly-Listed Companies 0.91x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Rackla Metals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Rackla Metals's assets?
Raw Data
OTCPK:RMET.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$-0.01
TSXV:RAK Share Price * TSXV (2020-03-25) in CAD CA$0.08
United States of America Metals and Mining Industry PB Ratio Median Figure of 106 Publicly-Listed Metals and Mining Companies 0.98x
United States of America Market PB Ratio Median Figure of 5,142 Publicly-Listed Companies 1.22x
OTCPK:RMET.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:RAK Share Price ÷ Book Value per Share (both in CAD)

= 0.08 ÷ -0.01

-7.11x

* Primary Listing of Rackla Metals.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rackla Metals has negative assets, we can't compare the value of its assets to the US Metals and Mining industry average.

Next steps:

  1. Take a look at our analysis of RMET.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Show me more potentially undervalued companies in the Metals and Mining industry
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Rackla Metals's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Rackla Metals has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RMET.F Future Performance

 How is Rackla Metals expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Rackla Metals has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.8%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rackla Metals expected to grow at an attractive rate?
  • Unable to compare Rackla Metals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Rackla Metals's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Rackla Metals's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:RMET.F Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 8.8%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:RMET.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:RMET.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 0 0
2019-09-30 0 0
2019-06-30 0 0
2019-03-31 0 0
2018-12-31 0 0
2018-09-30 0 0
2018-06-30 0 0
2018-03-31 0 0
2017-12-31 0 0
2017-09-30 0 0
2017-06-30 0 0
2017-03-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Rackla Metals is high growth as no earnings estimate data is available.
  • Unable to determine if Rackla Metals is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:RMET.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Rackla Metals Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:RMET.F Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 -0.01
2019-09-30 -0.01
2019-06-30 -0.01
2019-03-31 -0.01
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Rackla Metals will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of RMET.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Rackla Metals's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Rackla Metals's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Rackla Metals's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Rackla Metals has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RMET.F Past Performance

  How has Rackla Metals performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Rackla Metals's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Rackla Metals does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Rackla Metals's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Rackla Metals's 1-year growth to the US Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Rackla Metals's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Rackla Metals Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:RMET.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 -0.27 0.25
2019-09-30 -0.26 0.24
2019-06-30 -0.26 0.24
2019-03-31 -0.20 0.18
2018-12-31 -0.16 0.14
2018-09-30 -0.11 0.14
2018-06-30 -0.10 0.14
2018-03-31 -0.08 0.11
2017-12-31 -0.08 0.11
2017-09-30 -0.21 0.11
2017-06-30 -0.21 0.11
2017-03-31 -0.21 0.12
2016-12-31 -0.22 0.12
2016-09-30 -0.16 0.13
2016-06-30 -0.16 0.13
2016-03-31 -0.16 0.13
2015-12-31 -0.16 0.13
2015-09-30 -0.17 0.14
2015-06-30 -1.06 0.14
2015-03-31 -1.07 0.15
2014-12-31 -1.08 0.16
2014-09-30 -4.66 0.23
2014-06-30 -4.00 0.68
2014-03-31 -4.08 0.73
2013-12-31 -4.37 0.80
2013-09-30 -1.40 0.80
2013-06-30 -1.84 1.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Rackla Metals has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Rackla Metals has efficiently used its assets last year compared to the US Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Rackla Metals improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Rackla Metals's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Rackla Metals has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RMET.F Health

 How is Rackla Metals's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Rackla Metals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rackla Metals's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Rackla Metals has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Rackla Metals's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Rackla Metals has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Rackla Metals Company Filings, last reported 3 months ago.

OTCPK:RMET.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 -0.23 0.00 0.02
2019-09-30 -0.17 0.00 0.02
2019-06-30 -0.13 0.00 0.04
2019-03-31 -0.07 0.00 0.07
2018-12-31 0.00 0.00 0.10
2018-09-30 0.05 0.00 0.12
2018-06-30 0.06 0.00 0.16
2018-03-31 0.11 0.00 0.24
2017-12-31 0.14 0.00 0.25
2017-09-30 -0.09 0.00 0.03
2017-06-30 -0.07 0.00 0.04
2017-03-31 -0.06 0.00 0.03
2016-12-31 -0.03 0.00 0.04
2016-09-30 0.10 0.00 0.04
2016-06-30 0.12 0.00 0.04
2016-03-31 0.15 0.00 0.08
2015-12-31 0.19 0.00 0.08
2015-09-30 0.01 0.00 0.02
2015-06-30 0.04 0.00 0.05
2015-03-31 0.07 0.00 0.05
2014-12-31 0.11 0.00 0.06
2014-09-30 0.18 0.00 0.07
2014-06-30 1.11 0.00 0.08
2014-03-31 1.15 0.00 0.12
2013-12-31 1.18 0.00 0.17
2013-09-30 4.83 0.00 0.44
2013-06-30 5.10 0.00 0.57
  • Rackla Metals has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Rackla Metals's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Rackla Metals has less than a year of cash runway based on current free cash flow.
  • Rackla Metals has less than a year of cash runway if free cash flow continues to reduce at historical rates of -33.9% each year.
X
Financial health checks
We assess Rackla Metals's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Rackla Metals has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RMET.F Dividends

 What is Rackla Metals's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Rackla Metals dividends.
If you bought $2,000 of Rackla Metals shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Rackla Metals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Rackla Metals's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:RMET.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 3.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1941 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Rackla Metals has not reported any payouts.
  • Unable to verify if Rackla Metals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Rackla Metals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Rackla Metals has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Rackla Metals's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Rackla Metals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rackla Metals has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RMET.F Management

 What is the CEO of Rackla Metals's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Simon T. Ridgway
COMPENSATION CA$42,000
AGE 70
CEO Bio

Mr. Simon T. P. Ridgway is Founder of Radius Gold Inc. and Volcanic Gold Mines Inc. He serves as Chief Executive Officer at Volcanic Gold Mines Inc. since April 23, 2019 and has been its Director since August 29, 2017 and also served as an Executive Chairman at Volcanic Gold Mines Inc. since August 29, 2017 until April 23, 2019. Mr. Ridgway has been the Chief Executive Officer and President of Radius Gold Inc. since 2007 and December 13, 2012 respectively. He has been the Executive Chairman of Executive Chairman since August 29, 2017. He is a Co-Founder of Fortuna Silver Mines Inc. (formerly, Fortuna Ventures Inc.) and has been its Chairman since March 2006. He is a Co-Founder of the Gold Group. He has been the Chief Executive Officer of Rackla Metals Inc. since September 20, 2011 and serves as its President. He has been the Chief Executive Officer and Chairman of CROPS Inc.(formerly, Focus Ventures Ltd.) since November 2009. He served as the Chief Executive Officer of Medgold Resources Corp. until March 28, 2019 and serves as its Chairman. He serves as the President of Pillar Resources Inc. and Balaclava Mines Inc. He is a well known financier with over 20 years of mining and exploration experience worldwide. He has been involved in the mining industry for fifteen years. He is accomplished mine developer with over 30 years of experience in the mining industry. He served as the Chairman and President of Cordoba Minerals Corp. from August 18, 2011 to March 2014 and from January 17, 2014 to March 2014 respectively and served as its Chief Executive Officer from April 11, 2012 to March 2014. Mr. Ridgway served as the President of Radius Gold from August 1999 to December 8, 2011. During the 1990s, he led the discovery and development of two gold deposits in Honduras and Guatemala, both of which were subsequently sold and put into production GoldCorp. He served as a Consultant of Silver Quest Resources Ltd. He served for 18 years in exploration. He served as the President of Pilagold Inc., since August 27, 1996. He served as the President of Mar-West Resources Ltd. He has been the Chairman of Radius Gold since December 8, 2011. He served as the Chairman of Emerick Resources Corp. and also served as its Director since October 28, 2008. Mr. Ridgway served as the Chairman of Northland Resources SE (formerly, Northland Resources S.A) until February 13, 2009. He has been a Director of Medgold Resources Corp. since October 28, 2008. He has been a Non-Executive Director at Focus Ventures Ltd., since November 5, 1996, Southern Rio Resources Ltd. and Radius Gold Inc., since July 1, 2004. He serves as a Non-Independent Director of Fortuna Silver Mines Inc. since January 25, 2005. He has been a Director of Rackla Metals Inc. since September 20, 2011. He serves as a Director of Pillar Resources Inc. and Balaclava Mines Inc. He served as Director of Cordoba Minerals Corp. since August 18, 2011. He served as Member of Board of Advisors of Western Pacific Resources Corp. He served as a Director of Pilagold Inc. since August 27, 1996. He served as Independent Director of Niogold Mining Corp. since June 27, 2013 and served as its Director since October 19, 2010. He served as Member of the Advisory Board at Niogold Mining Corp. He served as a Director of Mena Resources Inc., since March 27, 2006 and Northland Resources S.A. from May 26, 2003 to February 13, 2009.

CEO Compensation
  • Simon T.'s compensation has been consistent with company performance over the past year, both up more than 20%.
  • Simon T.'s remuneration is lower than average for companies of similar size in United States of America.
Management Team

Simon T. Ridgway

TITLE
CEO & Director
COMPENSATION
CA$42K
AGE
70

Bruce Smith

TITLE
President & Director
COMPENSATION
CA$9K
TENURE
2.5 yrs

Kevin Bales

TITLE
Chief Financial Officer
COMPENSATION
CA$5K
AGE
52

Sally Whittall

TITLE
Corporate Secretary
AGE
59
Board of Directors Tenure

Average tenure and age of the Rackla Metals board of directors in years:

8.4
Average Tenure
62
Average Age
  • The tenure for the Rackla Metals board of directors is about average.
Board of Directors

Simon T. Ridgway

TITLE
CEO & Director
COMPENSATION
CA$42K
AGE
70
TENURE
8.6 yrs

Bruce Smith

TITLE
President & Director
COMPENSATION
CA$9K
TENURE
2.5 yrs

David Cass

TITLE
Independent Director
AGE
53
TENURE
8.4 yrs

Tim Beale

TITLE
Independent Director
AGE
61
TENURE
8.4 yrs

William Katzin

TITLE
Independent Director
AGE
63
TENURE
8.5 yrs

Jeremy Crozier

TITLE
Independent Director
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Rackla Metals individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. Feb 20 Buy Bruce Smith Individual 12. Feb 20 12. Feb 20 1,190,000 $0.08 $89,778
17. Feb 20 Buy Simon T. Ridgway Individual 12. Feb 20 12. Feb 20 1,150,000 $0.08 $86,761
X
Management checks
We assess Rackla Metals's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Rackla Metals has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RMET.F News

Simply Wall St News

RMET.F Company Info

Description

Rackla Metals Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores for gold, precious, and base metals properties. It holds a 100% interest in the Rivier property, which includes 116 quartz claims covering an area of 2,404 hectares located in the Watson Lake Mining District. Rackla Metals Inc. was incorporated in 2011 and is headquartered in Vancouver, Canada.

Details
Name: Rackla Metals Inc.
RMET.F
Exchange: OTCPK
Founded: 2011
CA$1,429,939
25,261,308
Website: http://www.racklametals.com
Address: Rackla Metals Inc.
200 Burrard Street,
Suite 650,
Vancouver,
British Columbia, V6C 3L6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV RAK Common Shares TSX Venture Exchange CA CAD 12. Dec 2011
OTCPK RMET.F Common Shares Pink Sheets LLC US USD 12. Dec 2011
DB RLH1 Common Shares Deutsche Boerse AG DE EUR 12. Dec 2011
Number of employees
Current staff
Staff numbers
0
Rackla Metals employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 02:24
End of day share price update: 2020/03/25 00:00
Last earnings filing: 2020/03/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.