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The agreement comes just a day after Flinders said it would appeal the panel’s declaration of unacceptable circumstances.

Flinders shares soar 33% on delisting agreement

The Takeovers Panel and Flinders Mines have come to agreement on a new proposal for the iron ore explorer to delist under which its biggest shareholder will lose out.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/02/19

1 year TSR5 year TSR
375thBreaker Resources-18%41%
599thFlinders Mines-48%6%
612thCaeneus Minerals-50%-37%
795thRenegade Exploration-77%-18%
730 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

273rd↓Breaker Resources$50k
275th↑Flinders Mines$49k
276th↑Caeneus Minerals$49k
277th↑Renegade Exploration$49k
487 listed resources companies ranked by revenue.
Source: Morningstar

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