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Reed Resources' Meekatharra gold operations.

Metals X matches late gold bid

Metals X has been forced to increase the price it is paying for Reed Resources' Meekatharra gold project to $9.9 million after administrators announced a surprise competing bid had been lodged just before a creditors’ meeting on Thursday.

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Metals X (MLX)

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
177thWestern Areas70%10%
296thRamelius Resources29%40%
301stSilver Lake Resources28%0%
346thMetals X21%18%
433rdDoray Minerals2%-5%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

01/05/18
$200k Bought
30/11/17
$0 Issued
30/11/17
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

17th↓Metals X$279.8m
18th↑Western Areas$250.5m
20th↓Silver Lake Resources$227.5m
22nd↑Ramelius Resources$199.1m
23rd↑Doray Minerals$183.0m
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Metals X

151stWarren Hallam$614k
278thPaul Hucker$421k
298thFiona van Maanen$393k
Ranked by total remuneration from all listed WA companies

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