Portman Limited

By Intelligent Investor · 1 Nov 2002

By Intelligent Investor ·
1 Nov 2002

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Portman Limited - PMM

Current price

$21.22 at 16:10 (11 November 2008)

Price at review

$1.25 at (01 November 2002)

All Prices are in AUD ($)

Iron ore miner Portman announced that mining at its Cockatoo Island project, off the coast of WA is back on track. In other news, MD Ian Burston has stood down to make way for Barry Eldridge who, having experience with the old North Ltd, obviously like a bit of corporate activity. So we'll be keeping a close eye on the company's progress, not to mention its cash pile. The stock is up 6% since issue 109/Aug 02 (Hold for the Upside - $1.18). We recommend you HOLD FOR THE UPSIDE.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

Portman Limited

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Portman Limited

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