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As of 1:02 AM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

finders resources ltd (FND) Snapshot

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07/23/14 - A$0.23
52 Week Low
05/29/14 - A$0.14
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finders resources ltd (FND) Details

Finders Resources Limited is engaged in the exploration, mining, and development of mineral properties in Indonesia. It primarily holds approximately 95% interest in the Wetar copper project located on Wetar Island, Indonesia; and 72% interest with option to increase to 100% in the Ojolali project, a gold-silver prospect that covers an area of 13 square kilometers and is located in Lampung Province of southern Sumatra, Indonesia. The company was incorporated in 2004 and is based in Sydney, Australia.

Founded in 2004

finders resources ltd (FND) Top Compensated Officers

Managing Director and Director
Total Annual Compensation: A$217.3K
Chief Financial Officer and Company Secretary
Total Annual Compensation: A$457.8K
Executive Director and President Director of ...
Total Annual Compensation: A$472.1K
Compensation as of Fiscal Year 2013.

finders resources ltd (FND) Key Developments

Finders Resources Limited Announces Consolidated Earnings Results for Six Months Ended June 30, 2014

Finders Resources Limited announced consolidated earnings results for six months ended June 30, 2014. For the period, the company reported sales revenue was $763,000. interest income was $19,000 against $27,000 a year ago. Loss before income tax was $9,463,000 against $10,306,000 a year ago. Loss for the period of $9,463,000 against $10,306,000 a year ago. Loss for the period attributable to members of the parent entity was $8,891,000 or 1.6 cents basic and diluted per share against $10,233,000 or 3.2 cents basic and diluted per share. Net cash used in operating activities was $11,150,000 against $4,006,000 a year ago. Payments for plant and equipment were $2,542,000 against $362,000 a year ago.

Finders Resources Limited Reports on the Wetar Copper Project, Indonesia

Finders Resources Limited reported on the Wetar Copper Project, Indonesia. Copper cathode production commenced from the 3,000tpa plant First shipment of 102.5 tonnes of cathode left Wetar mid-May First copper cathode sold as LME Grade A for almost $700,000 Sales have been agreed for a further 4 shipments 3,000tpa copper cathode plant is operating at nameplate capacity Construction commenced on expansion to 28,000tpa copper cathode Corporate $210 million of project financing secured for expansion of plant to 28,000tpa. The project scope incorporates the now completed construction of a 3,000tpa copper cathode plant (3kt plant) followed by the construction of an additional 25,000tpa copper cathode plant (25kt plant). The results of the Bankable Feasibility Study for the project showed a $132.4 million capital cost (excluding contingency) and first quartile operating costs of $88c/lb Cu at efficient production levels.

Finders Resources Limited Announces Board Changes

Finders Resources Limited announced the appointment of Mr. Douglas Tay as alternate for Mr. Gavin Caudle; and Mr. Chris Brown as alternate for Mr. Gordon Galt, effective May 30, 2014.


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Price/Sales 122.0x
Price/Book 1.9x
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