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Moly shelves US$720m project, again

Moly Mines has postponed its US$720 million Spinifex Ridge molybdenum project in the Pilbara, admitting that the mine development was not commercially viable at current market prices.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/09/18

1 year TSR5 year TSR
266thGR Engineering Services24%27%
379thPeet0%0%
490thFleetwood Corporation-10%-7%
543rdCash Converters International-18%-22%
713thWellard-48%0%
739 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

09/07/18
$0 Other
09/07/18
$0 Issued
06/10/16
$5.1m Sold
Total value as at the date of the transaction
Source: Morningstar

Revenue

19th↓Wellard$297.4m
20th↑Peet$287.6m
21st↑GR Engineering Services$284.0m
22nd↑Fleetwood Corporation$266.8m
23rd↑Cash Converters International$260.3m
239 listed industrial companies ranked by revenue.
Source: Morningstar

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