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Riedel soars on FMG farm-in deal

Shares in West Perth explorer Riedel Resources have skyrocketed after Fortescue Metals Group agreed to farm-in to its Charteris Creek tenement in a deal worth up to $1 million.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/03/19

1 year TSR5 year TSR
245thBauxite Resources3%14%
421stKibaran Resources-23%-12%
570thHannans-44%7%
689thFe-59%-11%
830thRiedel Resources-87%-7%
729 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

15/01/19
$0 Other
15/01/19
$0 Other
20/12/17
$80k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

154th↓Riedel Resources$430k
159th↓Hannans$423k
160th↑Fe$420k
162nd↑Kibaran Resources$399k
163rd↓Bauxite Resources$398k
485 listed resources companies ranked by revenue.
Source: Morningstar

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