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The latest update is out from Pearl Gull Iron Ltd ( (AU:PLG) ).
Pearl Gull Iron Ltd has entered into a binding agreement to sell its Cockatoo Island Project for A$4.5 million in cash, a 4% equity interest in Crestlink Pty Ltd, and royalties on materials extracted from the project. This transaction, pending shareholder approval, will allow Pearl Gull to fund new projects and growth opportunities while retaining some exposure to the Cockatoo Island Project through equity and royalties. The sale is seen as a strategic move to enhance shareholder value and position the company for future growth.
More about Pearl Gull Iron Ltd
Pearl Gull Iron Ltd is a company operating in the mining industry, primarily focused on iron ore extraction and related activities. The company is involved in projects such as the Cockatoo Island Project, with a market focus on identifying new projects and growth opportunities to generate value for shareholders.
Average Trading Volume: 142,494
Technical Sentiment Signal: Hold
For an in-depth examination of PLG stock, go to TipRanks’ Overview page.