Australia's Jameson Resources down after coal project deal collapses

Jameson Resources

02/03/2023 03:24

** Shares of metcoal explorer Jameson Resources  JAL.AX  dip
as much as 5.3% to A$0.072, their worst intraday loss since Feb.
16
    ** Says it will not proceed with the acquisition of a hard
coking coal mine, as it was not able to negotiate on a price
after due diligence 
    ** Shares hit lowest level since Feb. 21
    ** JAL down 16.5% YTD, as of last close 

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))