STTCOMP RAN FA LONGRange International Cap $7.5MCash $767kSOI 362mRange International Limited (‘Range’ or ‘Company’), manufacturer of Re>Pal™ ‘zero-waste’, recycled plastic pallets.
Current quarterly update:
Nestle Philippines continues rollout of Re>PalTM Pallets, with a total YTD order value of $US297K as at the date of this announcement.
• Re>Pal is actively testing and trialling with
3 large Multinational Corporations (MNC’s).
• YTD Operating cash burn reduced by 40% from 2019 cash burn.
•
Sales revenue of US$332K for the quarter compared to prior quarter of US$280K.
Customer/ trial partners portfolio:
My personal target for this is anywhere around $2 per share (if management continue being proactive and successfully market their products globally as they currently do) based on a number of factors such as:1. They already have trials and partnerships with mega supply chain logistics enterprises/ companies like Nestle, Unilever, Coke, Fonterra - these are not your end of the street stores they are multi-billion$ mega enterprises. These companies are noticing and working together with Range is a YUGE YUGE potential upside and an indication that the product we are offering is world class, impressive and has solid potential2. Supply chain logistics industry spends millions and billions each year towards pallets and packaging waste, this solution has the potential to eliminate that waste and in-turn add value both towards the environment and financially3. With the governments around the world heavily subscribing and supporting green, 100% recycled, low carbon, sustainable products its only about time when YUGE investments from institutions and government bodies start pouring into Range....its in the best industry offering best possible solutions for this new green, low carbon, sustainable age. Once cannot ask for a better company, in a better sector for the current age.
