Flinders hit with unacceptable circumstances ruling

THE battle for Pilbara iron ore hopeful Flinders Mines has taken another swerve with Australia’s Takeovers Panel making a declaration of unacceptable circumstances against plans to delist the company from the ASX.

Flinders hit with unacceptable circumstances ruling Flinders hit with unacceptable circumstances ruling Flinders hit with unacceptable circumstances ruling Flinders hit with unacceptable circumstances ruling Flinders hit with unacceptable circumstances ruling

The Pilbara is again a battelground for control of vast iron ore deposits.

The plans are supported by 55.6% shareholder Todd Corporation, which has pushed for a delisting of the company since takeover bids in 2015 and 2016.