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Tanami shares down on $12m raising

Shares in West Perth-based Tanami Gold NL have dropped 25 per cent on news the company plans to raise nearly $12 million through an entitlements issue to repay loans for ongoing development of its gold mine.

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Tanami Gold (TAM)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/12/18

1 year TSR5 year TSR
56thHexagon Resources52%-0%
223rdAudalia Resources2%-30%
349thTanami Gold-14%10%
451stApollo Minerals-31%-22%
714thAltura Mining-65%2%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

28/09/16
$43k Bought
27/09/16
$45k Bought
04/08/15
$49k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

111th↓Tanami Gold$1.3m
113th↓Altura Mining$1.2m
114th↑Hexagon Resources$1.1m
116th↑Audalia Resources$1.0m
117th↑Apollo Minerals$1,000k
513 listed resources companies ranked by revenue.
Source: Morningstar

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