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The latest update is out from Flinders Mines Limited ( (AU:RHK) ).
Fortescue Ltd and its associated entities, including FMG Pilbara and Tattarang Pty Ltd, have increased their voting power in Red Hawk Mining Limited from 84.70% to 87.25% through an off-market takeover bid and on-market purchases of shares. The acquisition of additional shares, priced at $1.20 each, enhances FMG Pilbara’s control over Red Hawk Mining Limited, potentially impacting stakeholders by consolidating FMG’s influence in the company’s decision-making processes.
More about Flinders Mines Limited
YTD Price Performance: 45.16%
Average Trading Volume: 1
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €154.2M
Learn more about RHK stock on TipRanks’ Stock Analysis page.
