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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

Top 10 Shareholders

Substantial shareholders as published in the annual report.
Source: Morningstar

Total Shareholder Return as at 31/10/19

1 year TSR5 year TSR
257thPeak Resources21%-14%
444thFlinders Mines-9%31%
512thCardinal Resources-18%52%
581stGreat Western Exploration-31%-34%
730 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

343rd↑Cardinal Resources$1k
344th↑Flinders Mines$1,000
346th↓Great Western Exploration$718
347th↓Peak Resources$550
485 listed resources companies ranked by revenue.
Source: Morningstar

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