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Gindalbie to raise $162m

Gindalbie Metals Ltd plans to raise $162 million through a share placement to Chinese project partner AnSteel to cover its final payment towards the $1.8 billion Karara iron ore joint venture.

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Perth
Business as usual for Gindalbie. They have the right product in abundance. a whopping big magnetite hill that the Chinese liked all along. Mt Karara should provide a long term supply of metal for China giving the mid west a much needed boost with business and employment support for several decades to come as a result.

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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
32ndVector Resources320%22%
84thVenturex Resources149%5%
359thGindalbie Metals19%-30%
395thTranscendence Technologies10%3%
628thTodd River Resources-25%0%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

10/04/13
$59k Bought
13/12/12
$25k Bought
11/12/12
$25k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

418th↓Gindalbie Metals$0
484th↓Todd River Resources$0
485th↓Transcendence Technologies$0
487th↓Vector Resources$0
488th↓Venturex Resources$0
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Gindalbie Metals

399thRebecca Moylan$304k
596thKeith Jones$207k
773rdChris Stevens$141k
Ranked by total remuneration from all listed WA companies

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