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RNI chairman Miles Kennedy.

RNI share sale pays off debt

Local explorer RNI has sold its shareholding in Metals X for $23.4 million to pay off all its debt and fund new drilling work on its copper tenements in the Bryah Basin.

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Metals X (MLX)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/18

1 year TSR5 year TSR
220thTribune Resources19%20%
352ndCI Resources-1%21%
384thFinders Resources-6%3%
468thWestern Areas-19%-3%
701stMetals X-54%-4%
744 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

16/10/18
$888k Bought
01/05/18
$200k Bought
30/11/17
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

21st↓Western Areas$250.3m
22nd↑Finders Resources$224.1m
23rd↓Metals X$210.4m
24th↑Tribune Resources$180.5m
25th↓CI Resources$175.5m
512 listed resources companies ranked by revenue.
Source: Morningstar

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