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Shares in the iron ore stock were up nearly 16 per cent on the news.

Win for Flinders minority investors

The Takeovers Panel has declared unacceptable circumstances in the proposed delisting of the Flinders Mines, giving minority shareholders of the company a victory in the feud.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/19

1 year TSR5 year TSR
374thHorizon Gold-19%
442ndGolden Deeps-29%17%
660thStavely Minerals-57%
710thFlinders Mines-63%3%
775thCarnavale Resources-74%-27%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

291st↑Flinders Mines$49k
304th↓Stavely Minerals$37k
305th↑Horizon Gold$35k
307th↓Carnavale Resources$31k
308th↓Golden Deeps$31k
503 listed resources companies ranked by revenue.
Source: Morningstar

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