Jason Carone - Neometals Financial Controller and Company Secretary

RRSSFDelisted Stock  USD 0.06  0.00  0.00%   

Executive

Mr. Jason Carone is Financial Controller and Company Secretary of Reed Resources Ltd since October 9, 2013. Mr. Carone is a Chartered Accountant with over 16 years experience in accounting and company administration in Australia and South East Asia since 2013.
Tenure 11 years
Phone61 8 9322 1182
Webhttps://www.neometals.com.au
Carone holds a Bachelor of Commerce in Accounting and Business Law from Curtin University and is a member of the Institute of Chartered Accountants, and Chartered Secretaries Australia.

Neometals Management Efficiency

The company has return on total asset (ROA) of (0.0863) % which means that it has lost $0.0863 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0817) %, meaning that it generated substantial loss on money invested by shareholders. Neometals' management efficiency ratios could be used to measure how well Neometals manages its routine affairs as well as how well it operates its assets and liabilities.
Neometals has accumulated 371.76 K in total debt with debt to equity ratio (D/E) of 0.0, which may suggest the company is not taking enough advantage from borrowing. Neometals has a current ratio of 16.84, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Neometals until it has trouble settling it off, either with new capital or with free cash flow. So, Neometals' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Neometals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Neometals to invest in growth at high rates of return. When we think about Neometals' use of debt, we should always consider it together with cash and equity.

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The company operates through three segments Lithium, TitaniumVanadium, and Other. Neometals Ltd was incorporated in 2001 and is based in West Perth, Australia. Neometals operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange. Neometals [RRSSF] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

Neometals Leadership Team

Elected by the shareholders, the Neometals' board of directors comprises two types of representatives: Neometals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Neometals. The board's role is to monitor Neometals' management team and ensure that shareholders' interests are well served. Neometals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Neometals' outside directors are responsible for providing unbiased perspectives on the board's policies.
Michael Tamlin, Chief Officer
Jason Carone, Financial Controller and Company Secretary
Jeremy Mcmanus, Gen Relations
ASA GrdCerMinEcon, CEO MD
Paul Wallwork, Gen Devel
AFAIM BMinTech, Head Recycling
Darren Townsend, Chief Officer

Neometals Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Neometals a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Consideration for investing in Neometals Pink Sheet

If you are still planning to invest in Neometals check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Neometals' history and understand the potential risks before investing.
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