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Panoramic bid for Magma now unconditional

Panoramic Resources has waived the last remaining condition on its $40 million takeover bid for Magma Metals, after increasing its stake in the target to just over 44 per cent.

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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
82ndTarget Energy100%-48%
90thPanoramic Resources91%17%
164thHexagon Resources45%17%
592ndTanami Gold-29%-3%
739 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

10/08/18
$0 Other
10/08/18
$0 Bought
01/03/18
$14k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

111th↓Tanami Gold$1.3m
112th↓Panoramic Resources$1.2m
114th↑Hexagon Resources$1.1m
115th↓Target Energy$1.1m
510 listed resources companies ranked by revenue.
Source: Morningstar

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