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Ansett drops claim

DIVERSIFIED resources company RMA Energy Ltd says legal claims brought against it by the administrators of Ansett Australia have been dropped. The Perth-based company is expected to list on the Australian Securities Exchange on Thursday after raising $4.25 million through the issue of 17 million shares at 25 cents each, to fund the purchase and the development of six Queensland tin, coal and uranium tenements. RMA was originally named Ansett Energy, which did not impress the administrators of failed national airline carrier Ansett Australia. The administrators brought legal action against RMA and two companies associated with RMA chairman Terry Byrt. It was alleging breaches of the Trade Marks and Trade Practices Acts. Mr Byrt renamed Ansett Energy RMA Energy on April 13 and this week the explorer said it had been released as a third respondent from a statement of claim by Ansett Australia’s administrators. Mr Byrt, a private prospector, is also a director of Ansett Resources and Industries Pty Ltd and Ansett Regional Airlines Pty Ltd. RMA also said it had secured an RC drill rig, which it expected to use for at least the next six months as it explores its projects in Queensland.

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RMA Energy (RMT)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/09/18

1 year TSR5 year TSR
thRiversgold0%0%
439thSanta Fe Minerals-4%-17%
515thRox Resources-14%-22%
813thRMA Energy-75%-30%
739 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

479th-Riversgold$0
480th↓RMA Energy$0
482nd↓Rox Resources$0
483rd-Santa Fe Minerals$0
510 listed resources companies ranked by revenue.
Source: Morningstar

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