MinRes, Reed Resources talk Mt Marion float
Mineral Resources and Reed Resources are considering floating a new lithium company to develop the Mt Marion project, approximately 40 kilometres south-west of Kalgoorlie-Boulder.
Reed and MinRes announced today the execution of a shareholders agreement, where MinRes will fund and operate the Mt Marion project in return for a 30 per cent stake in the project.
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BETA
Reed Resources (RDR)
Total Shareholder Return as at 30/06/2012
| 1 year TSR | 5 year TSR | ||
|---|---|---|---|
| 76th | Macphersons Resources | 25% | 0% |
| 109th | Oro Verde | 8% | -14% |
| 476th | Reed Resources | -57% | -14% |
680 WA listed companies ranked by 1 year TSR relative to WA companies with similar revenue
Shareholding
| David Reed | 26,977,300 | ||
| Christopher Reed | 1,109,200 | ||
| Luke Tonkin | 833,000 | ||
| Jason Carone | 172,500 | ||
| Darren Wates | 151,121 | ||
| David Lim | 80,000 | ||
| Steven Cole | 75,068 |
Number of shares
Share Transactions
Total value as at the date of the transaction
Revenue
| 173rd |  | Reed Resources | $1.0m |
| 174th |  | Oro Verde | $970k |
| 176th | | KalNorth Gold Mines | $960k |
| 177th | | Macphersons Resources | $950k |
572 WA listed resource companies ranked by revenue
Remuneration from Reed Resources
| 237th | Christopher Reed | $623k |
| 712th | Darren Wates | $277k |
| 845th | Jason Carone | $226k |
Ranked by total remuneration from all listed WA companies
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