WEEDY MESS: Recent shots of the seaweed build-up at Port Geographe. (Provided by the Department of Transport to the Port Geographe Action Group)

Saraceni, Sirona take aim at Port Geographe

Luke Saraceni is understood to be finalising a proposal whereby he could take over the beleaguered Port Geographe development in Busselton, amid talk the state government is close to committing funds to rebuild the seaside project’s troublesome ocean groynes.

Sources close to the project suggest Mr Saraceni is working with fledgling merchant bank Sirona Capital on a deal that could enable him to form a partnership to buy out Axiom Properties’ 40 per cent stake in the oceanside development, along with Macquarie Bank’s interest.


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Share Price

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BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
167thMineral Resources57%20%
242ndAtlas Iron31%-58%
345thWoodside Petroleum13%3%
473rdFortescue Metals Group-9%7%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

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Total value as at the date of the transaction
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1st-Fortescue Metals Group$10,999.7m
3rd-Woodside Petroleum$5,715.9m
4th-Mineral Resources$1,470.4m
5th↑Atlas Iron$896.6m
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

3rdNev Power$5.324m
647thMark Barnaba$223k
763rdSharon Warburton$170k
Ranked by total remuneration from all listed WA companies

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