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Heron and Echelon iron deal spin-off ended

Heron Resources and Echelon Resources have pulled the pin on their plan to merge the two companies' iron ore assets to form a new explorer and emerging producer.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/19

1 year TSR5 year TSR
307thStrike Energy-9%-5%
354thHeron Resources-16%-12%
371stAusmex Mining Group-18%-12%
624thLithium Australia-52%13%
767thGascoyne Resources-72%-4%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

16/07/18
$13k Bought
29/11/17
$0 Issued
29/11/17
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

84th↑Heron Resources$2.8m
88th↑Ausmex Mining Group$2.5m
89th↓Strike Energy$2.3m
92nd↑Lithium Australia$2.0m
93rd↑Gascoyne Resources$2.0m
504 listed resources companies ranked by revenue.
Source: Morningstar

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