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Once in full operation, the mine will have a production capacity of 2.8 million tonnes per annum.

Paringa raises $30m

Shares in the Ian Middlemas-led Paringa Resources fell sharply today after the company completed a $30.2 million capital raising at a heavily discounted price of 22 cents per share, with the proceeds to fund construction of its Poplar Grove coal mine located in the US.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Top 10 Shareholders

Source: Morningstar

Total Shareholder Return as at 28/06/19

1 year TSR5 year TSR
131stSovereign Metals34%-18%
506thGolden Deeps-32%22%
653rdParinga Resources-53%-24%
677thLatitude Consolidated-57%-30%
713thEnterprise Metals-62%-35%
731 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

02/01/19
$55k Sold
02/01/19
$0 Bought
02/01/19
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

257th↑Paringa Resources$76k
291st↑Golden Deeps$31k
292nd↓Enterprise Metals$31k
294th↑Latitude Consolidated$29k
295th↑Sovereign Metals$29k
488 listed resources companies ranked by revenue.
Source: Morningstar

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