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Posco to take 19% stake in Sandfire

Steel group Posco Australia will acquired a 19.99 per cent stake in West Perth based exploration company Sandfire Resources through a proposed share placement.
The agreement will provide Sandfire with a cash injection of $7.2 million, which will be used to expand exploration across a number of its current projects.
Under the share subscription agreement, Posco will subscribe for a total of 16.5 million fully paid shares at 40 cents each and 2.5 million Contributing Shares at 25 cents each (with 15 cents unpaid).

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
19thOM Holdings909%30%
265thRegis Resources35%-1%
375thSandfire Resources13%0%
560thResolute Mining-18%-2%
584thWestgold Resources-21%0%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

21/12/17
$1.4m Sold
29/11/17
$0 Issued
05/09/17
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

8th↓Resolute Mining$560.8m
9th↓Regis Resources$547.2m
10th↓Sandfire Resources$534.7m
11th↑OM Holdings$474.3m
12th↑Westgold Resources$438.5m
498 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Sandfire Resources

28thKarl Simich$1.394m
131stMatthew Fitzgerald$691k
157thRobert Klug$634k
Ranked by total remuneration from all listed WA companies

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