Comet to buy back

COMET Resources NL is to conduct an on-market buy-back of up to 10 per cent of its issued shares, conmmencing on 21 July.

Comet managing director Peter Anderton said the board’s decision was part of Comet’s plan to actively manage its capital structure.

“The current share price assigns no value for Comet’s majority interest in the Ravensthorpe nickel project,” Mr Anderton said.

Billiton plc, a global mining group, through its 100 per cent owned subsidiary, QNI, holds a 40 per cent interest in the project, following payment to Comet in May of $36 million.


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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
thOkapi Resources0%0%
128thPacifico Minerals100%2%
283rdOklo Resources30%30%
581stComet Resources-15%12%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Bought
$0 Bought
$0 Bought
Total value as at the date of the transaction
Source: Morningstar


393rd↓Comet Resources$0
456th-Okapi Resources$0
457th↓Oklo Resources$0
460th↓Pacifico Minerals$0
461st↓Pan Asia Corporation$0
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Comet Resources

684thAnthony Cooper$170k
1293rdEdmund Czechowski$38k
1294thRobert Jones$38k
Ranked by total remuneration from all listed WA companies

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