IPOs

    Johannesburg-based gold exploration company Witwatersrand Consolidated Gold Resources (Wits Gold) on Wednesday released its listings prospectus in preparation for a planned listing on the JSE on April 24.


    Imara SP Reid, the Johannesburg stockbroker, recently announced that a private placement of 400 000 Wits Gold shares at a price of R20 per share had been successfully concluded.


    The placement meets a key JSE listing requirement by significantly widening the company's shareholder base.


    Wits Gold holds gold prospecting rights to 'brownfields' areas adjacent to existing mines in the Potchefstroom, southern Free State and Klerksdorp goldfields.


    An independent estimate by Snowden suggests that the ground could potentially hold 142-million ounces of gold and 134 lb of uranium oxide.


    The listing sponsors and designated advisors of Wits Gold are JP Morgan.


    http://www.miningweekly.co.za/min/news/today/?show=84783

    @bobelle


    Das ganze erinnert mich ein wenig an die Übertreibungen des "Neuen Marktes", wo die IPO's vor/auf dem Höhepunkt der Blase plaziert wurden.


    Es gibt noch eine ganze Reihe von australischen Exploratoren und Junior-Produzenten, die noch gar nicht richtig gelaufen sind und wo man über Jahre Ergebnisse des Managements (positiv wie negativ) beurteilen kann. Da hat man mehr Grund unter den Füßen und da würde ich mich schon eher ranwagen.


    Nichts für ungut - ist halt meine persönliche Meinung.


    Kuddel

    Kuddel


    Ich habe da die selbe Meinung wie Du! Hauptsache die Gunst der Stunde nutzen und noch Kapital besorgen.
    Ich führe diesen Thread auch nicht, um diese Aktien als Kauf zu empfehlen, sondern ich versuche mir einen Überblick über den IPO-Markt zu machen. Ich schau mir den Großteil der Firmen auch gar nicht näher an, aber ich hoffe mir in der Zukunft ein bißchen Research zu ersparen, falls mir durch eine Meldung eine von den Ipos wieder begegnet.


    Ich hoffe, andere haben auch einen Nutzen davon, ansonsten einfach ignorieren ;)


    Grüße

    Source: SYDNEY AAP
    Date: 2006-Apr-20 12:16 PM


    Junior explorer InterMet Resources Ltd has debuted on the Australian Stock Exchange at a 45 per cent premium to the offer price after a $4 million initial public offer (IPO).


    Shares in the Hillgrove Resources Ltd spin-off began trading at noon Thursday at 29 cents, nine cents higher than the 20 cent offer price.


    At 1203 AEST, the shares had dipped slightly to 28 cents.
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    InterMet offered 20 million shares under the oversubscribed IPO, with one option for every two shares issued.


    Managing director Gary Ferris, a geologist who spent 13 years working for the South Australian Department of Primary Industry and Resources, said the Adelaide-based company planned to first look for uranium.


    "Initial exploration will focus on key uranium prospects which are known to contain palaeochannels - ancient river systems which can provide the right geological setting to host significant uranium deposits," Mr Ferris said.


    InterMet has seven tenements covering 9,000 square kilometres in South Australia's Gawler Craton that it says are prospective for copper, gold, uranium, nickel and base metals.


    That includes 3,183 square kilometres of uranium prospects.


    The offer closed about $2 million oversubscribed earlier this month, the company citing strong support - partly due to fresh market interest in uranium - from Hillgrove shareholders who were offered a priority share allocation.


    Hillgrove, which plans to redevelop the Kanmantoo copper and gold mine in South Australia, has kept a 30 per cent stake in InterMet.


    InterMet listed with about 586 shareholders, with a total of 40.5 million shares on issue, giving it a market capitalisation of about $8.1 million.


    http://www.tradingroom.com.au/…aap_article.jsp&id=119508

    2006/04/21 08:40


    Zhaoyuan Mining (Holdings), a major mainland gold miner, plans to raise up to HK$2 billion through an initial public offering in Hong Kong as early as in July to capitalize on the recent rally in gold prices, sources said.
    "Zhaoyuan Mining is likely to submit the application form to the Hong Kong regulator shortly, in a move to proceed with the listing as early as in July," a source said.
    The gold miner initially hired Cazenove to handle the share sale but later invited UBS to join as a syndicated member of the deal. Gold prices rose for a fifth consecutive day to the highest in 25 years at US$645.25 (HK$5,032.95) a troy ounce Thursday, almost 1.5 times more than the trough of US$254 a troy ounce in 2001. Market watchers expect gold prices to climb even higher,driven by continued large fund inflow into the commodity markets.
    "Gold prices have been pushed up mainly because of fear of inflation in light of high oil prices," a commodity stock analyst said, adding that investors are increasing gold investment amid the weakening US dollar. <The Standard>

    http://corpsv.etnet.com.hk/web…=ETNETP1&NEWSID=160421209

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