PerthNow: Another WA company seeks Mongolian riches

Hunnu Coal chairman Matthew Wood is seeking to capitalise on his company’s success in Mongolia this year, launching another company focussed on the minerals-rich nation this week. Hunnu has been one of the big success stories in the minerals sector this year after closing a $20 million initial public offering (IPO) in early February. Closing yesterday at $1.09, the company has delivered a more than five-fold return to its initial investors and, unlike the majority of this year’s resource floats, has never traded below its launch price. Mr Wood’s latest venture, Haranga Resources, is seeking to repeat the Mongolian success of Hunnu – this time focussed on iron ore. To read the full article, click hereAnother WA company seeks Mongolian riches

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