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Tanami shares fall after $11.75m rights issue

Tanami Gold’s share price has plunged 34 per cent after announcing an $11.75 million entitlement offer underwritten by its largest shareholder, Allied Properties Resources.

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Tanami Gold (TAM)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
50thForce Commodities295%-17%
127thAltura Mining111%18%
659thTanami Gold-34%-37%
732ndKalNorth Gold Mines-47%-45%
772ndPotash Minerals-60%0%
709 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

112th↓KalNorth Gold Mines$1.3m
113th↓Altura Mining$1.3m
114th↓Tanami Gold$1.2m
115th↑Potash Minerals$1.2m
116th-Force Commodities$1.1m
498 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Tanami Gold

916thBrett Montgomery$120k
964thGerard McMahon$110k
1203rdCarlisle Procter$44k
Ranked by total remuneration from all listed WA companies

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