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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

Source: Morningstar

Total Shareholder Return as at 28/06/19

1 year TSR5 year TSR
440thCardinal Resources-21%75%
451stFlinders Mines-22%26%
499thOro Verde-31%-21%
731 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

275th↑Flinders Mines$49k
310th-Corizon$14k
311th↓Oro Verde$14k
313th↓Odin Energy$13k
314th↑Cardinal Resources$12k
488 listed resources companies ranked by revenue.
Source: Morningstar

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