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Azimuth CEO Russell Clarke (L) with Troy Resources managing director Paul Benson.

Troy Resources makes $188m offer for Azimuth

Gold miner Troy Resources has made an all-scrip off-market takeover bid for Azimuth Resources, valuing the target at $188 million.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/02/19

1 year TSR5 year TSR
128thTroy Resources25%-37%
409thMillennium Minerals-23%2%
438thAlkane Resources-29%-13%
514thBlackham Resources-38%-29%
730 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

12/03/19
$15k Bought
12/03/19
$15k Bought
12/03/19
$15k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

28th↑Alkane Resources$130.3m
29th↑Blackham Resources$122.1m
30th↑Troy Resources$116.5m
31st↓Millennium Minerals$116.0m
32nd↓Tiger Resources$113.2m
487 listed resources companies ranked by revenue.
Source: Morningstar

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