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Stocks in Brief

WMC Resources

7 Mar 03 | Issue 122

This mineral company unveiled a loss of $43.7m and no dividend in its maiden result since splitting from WMC Limited. After re-jigging the accounts and ignoring demerger costs, the result was $75.4m. The company has good assets but struggles to make money from them, which perhaps explains why the stock is down 5% since issue 118/Dec 02 (Hold for the Upside - $4.19). HOLD FOR THE UPSIDE.

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WMC RESOURCES | WMR
HOLD FOR THE UPSIDE
Price at review: $3.98
Most recent price: N/A
Change since review: -100.00%
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