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Cassini Resources managing director Richard Bevan. Photo: Attila Csaszar

Cassini Resources takes share dip in stride

Cassini Resources, the five cent explorer that quickly graduated to a 25 cent stock in April after acquiring BHP Billiton’s West Musgrave nickel-copper project has taken a share price hit in its stride as it seeks to educate the market on its as yet unrealised potential.

Shares in the explorer were down 10.6 per cent this afternoon, to 21 cents, despite releasing “excellent” first assay infill drilling results that exceeded expectations at its Nebo deposit near Jameson.

Managing director Richard Bevan told Business News the demand for nickel was increasing and the company believed it remained significantly undervalued.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
110thTraka Resources100%-5%
173rdCassini Resources54%1%
296thWest African Resources22%4%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

31/03/17
$8k Bought
15/11/16
$15k Bought
15/11/16
$15k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

193rd↑West African Resources$210k
194th-Nemex Resources$209k
195th↑Cassini Resources$200k
196th↑Dynasty Resources$190k
197th↑Traka Resources$189k
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Cassini Resources

338thRichard Bevan$349k
438thGreg Miles$276k
112thMike Young$81k
Ranked by total remuneration from all listed WA companies

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