Perilya shares drop on project sale

Shares in Perilya Ltd have dropped by over 40 per cent on news it will sell its Mount Oxide copper and cobalt project to West Perth-based Chalice Gold Mines Ltd in a scrip deal worth $25 million.


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Perilya should return the Chalice shares to its shareholders. Otherwise this sale of assets is for its directors who will get directorships in Chalice,not for its shareholders.

Yes, they should be distributed 1 for 1 to perilya shareholders immediately on ratification. The Perilya directors should then resign from the Board of Chalice leaving the company to go on as an independant company. That is the only way to return value to shareholders.

What a disaster. This has not benefitted investors at all and Perilya directors need to review the effect their decision making is having on company value. I do not see the share price recovering from this sad turn of events.

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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
281stHot Chili30%-43%
509thToro Energy-7%-19%
510thChalice Gold Mines-7%-2%
561stWhitebark Energy-13%12%
651stBuxton Resources-30%-6%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Other
$0 Issued
$0 Other
Total value as at the date of the transaction
Source: Morningstar


84th↑Chalice Gold Mines$2.7m
107th↓Toro Energy$1.6m
108th↑Buxton Resources$1.5m
110th↑Whitebark Energy$1.4m
111th↑Hot Chili$1.3m
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Chalice Gold Mines

228thTim Goyder$455k
264thRichard Hacker$427k
558thAnthony Kiernan$133k
Ranked by total remuneration from all listed WA companies

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