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Shougang sells Mt Gibson stake for $176m

Another Chinese entity has made its way onto Mount Gibson Iron's share register, with the coal company buying Shougang Concord's interest in the miner for $176.3 million.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/09/18

1 year TSR5 year TSR
239thMount Gibson Iron28%-6%
241stSilver Lake Resources27%-8%
247thRamelius Resources26%25%
430thBase Resources-3%-5%
639thWestgold Resources-35%0%
739 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

15/10/18
$9k Bought
15/10/18
$600 Bought
15/10/18
$10.6m Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

16th↑Westgold Resources$376.6m
17th↑Ramelius Resources$341.8m
18th↓Mount Gibson Iron$320.6m
19th↑Base Resources$269.0m
20th↓Silver Lake Resources$255.8m
510 listed resources companies ranked by revenue.
Source: Morningstar

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