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Gindalbie welcomes AnSteel's WA plans

Gindalbie Metals says its 50 per cent owned pellet plant in China will not be made redundant if its project partner, AnSteel, goes ahead with plans to build the state's first steel mill in Oakajee.

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Perth
Finally WA will have down stream processing for steel! Hard to imagine that BHP and Rio Tinto haven't done this before. Imagine the great position Australia would be in if this investment had come years ago. Let's hope this impetus will give BHP and Rio a hurry up to get into the game, so Australia can stop importing steel.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/11/18

1 year TSR5 year TSR
80thCanyon Resources47%33%
448thVenturex Resources-22%22%
491stGindalbie Metals-29%-31%
597thCradle Resources-45%-18%
688thVenture Minerals-57%-34%
741 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

348th↓Gindalbie Metals$7k
352nd↓Venturex Resources$94k
353rd↑Cradle Resources$6k
355th↓Venture Minerals$5k
356th↓Canyon Resources$5k
509 listed resources companies ranked by revenue.
Source: Morningstar

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