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Golden West rejects improved Fairstar offer

Golden West Resources Ltd has firmly rejected Fairstar Resources Ltd's improved scrip takeover offer, arguing that the value of Fairstar scrip is highly uncertain and volatile and that Fairstar adds nothing to the planned Wiluna West iron ore project.

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GWR Group (GWR)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/12/18

1 year TSR5 year TSR
98thGWR Group31%-7%
320thKibaran Resources-10%-3%
323rdKorab Resources-11%-0%
420thEmerald Resources-26%27%
508thHannans-37%23%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

06/12/18
$28k Issued
06/12/18
$45k Issued
06/12/18
$28k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

165th↑GWR Group$430k
168th↑Korab Resources$424k
169th↓Hannans$423k
171st↑Emerald Resources$410k
172nd↓Kibaran Resources$399k
513 listed resources companies ranked by revenue.
Source: Morningstar

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