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Gold hopeful Carnaby Resources has decided a better way for it to get to the ASX is by teaming up with an already listed explorer that needed good projects.

Carnaby, led by former Beadell Resources executives Peter Bowler and Robert Watkins, was looking to list on the ASX in its own right after last year reaching separate deals with Diatreme Resources (ASX:DRX) and Syndicated Metals (ASX:SMD) to buy their gold projects.

But now it is going down the reverse takeover route, which is probably a better option given the mixed reactions recent resources floats have been fronted with on debut this year.

So far just two resources IPOs have made it.

You can read all about what happened with recent debutantes Canterbury Resources (ASX:CBY) here and African Gold (A1G) here.

Carnaby now plans to tie the knot with Berkut Minerals (ASX:BMT), which will be the listed shell picking up the Tick Hill gold project in northwest Queensland from Diatreme and its partner Superior Resources (ASX:SPQ).

Berkut, which will change its name to Carnaby Resources, will also take ownership of Syndicated Metals’ (ASX:SMD) 82.5 per cent stake in the Southern Hub copper and gold tenements in north Queensland.

Diatreme chief Neil McIntyre told Stockhead the reverse takeover was a much better option for Carnaby, and Diatreme came out of it with a much simpler deal.

“It was a more direct route rather than going the IPO route. It was much faster and more efficient to use an existing listed entity,” he said.

“It’s a much cleaner and neater way for us to do it. You get listed stock straight away, although we have agreed to a 12-month escrow period.”

The deal is expected to give Diatreme a stake in Berkut of more than 5 per cent, making it a substantial shareholder and allowing it to retain its exposure to the Tick Hill mine – which was one of Australia’s highest grade and most profitable mines.

Syndicated would also have around a 5 per cent interest in Berkut.

Here’s a list of upcoming floats:

Swipe or scroll for full table

CompanyASX codeIPO statusFocusFund raisingIssue price
AltoStratosATOListing extended to April 30Supply chain delivery technology$16-$25m40c
Australian Industrial MineralsAAMOffer opens Feb 18; Due to list Mar 28Industrial minerals$5m25c
Australian Nutrition & SportsAN1Offer opened Feb 15; Due to list Apr 3Dairy formula$5-$8m20c
AXS GroupAXSListing date extended to Mar 15Software provider to the finance, insurance and funds sector$7m25c
Carnaby Resources-Prospectus not yet issued; Considering listing in 2019Gold--
EcofibreEOFOffer opens Feb 18; Due to list Mar 29Hemp products$15-$20m$1
Expose ResourcesEXXListing date extended to April 10Gold$4.5m20c
Frugl Pre-IPO funding; planning listingGrocery price comparison --
irexchangeIRXWithdrawnRetail tech$17.5m90c
IXTIXTWas due to list Dec 21Services and software$7m20c
Jobstore GroupJOBWas due to list Dec 5AI-powered recruitment$6.6-8m20c
Koligo TherapeuticsKOLOffer opens Feb 18; Due to list Mar 29Regenerative medicine$6-$7m20c
Next ScienceNXSOffer opens Mar 15; Due to list April 29Bacteria treatments$35m$1
RicegrowersSGLListing slated for early AprilManufacturing of rice productsNo cash being raised-
Rolek ResourcesRLKBackdoor listing via Shaw River (ASX:SRR); Listing expected by AprilManganese$5m2c
Trigg MiningTMGPostponed until 2019Potash-
XS ResourcesXS1Listing extended to Mar 4Precious, base metals$4.5m20c

High-tech recruitment platform Jobstore has been trying to get itself listed since launching its $8m IPO in September last year.

Unfortunately, it’s hit a few road bumps along the way – a major one being it was only able to raise $100,000 of the minimum $6.6m it was targeting, as reported by Stockhead back in mid-November.

Jobstore isn’t giving up though, extending its offer to March 15 and pushing its planned listing date out to April 5.

Stockhead has contacted Jobstore to find out if it’s managed to get any more cash.

Also in the queue to list is fintech AXS Group, which had to cut the size of its initial public offering in half and again push out its date for listing.

The company said in the latter part of February that it still hadn’t raised the new minimum of $3m it was hoping to but pencilled in a new expected listing date of March 15.

Here’s a list of IPO performances over the past year:

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Listing DateASX CodeCompanyIPO PriceIntra-day Price Mar 12Percentage Change
01/29/2019SPT Splitit Payments 0.21.6757.375
10/15/2018SMX Security Matters 0.20.6352.175
12/28/2018AMS Atomos 0.411.0551.57317073171
12/18/2018EX1 Exopharm 0.20.4751.375
07/18/2018KTD Keytone Dairy Corp 0.20.3850.925
09/21/2018AGH Althea Group Holdings 0.20.3450.725
05/25/2018CPV Clearvue Technologies 0.20.3050.525
12/12/2018HMD HeraMED 0.20.3050.525
12/13/2018EMV EMvision Medical Devices 0.250.380.52
07/20/2018CXL Calix 0.530.8050.518867924528
05/29/2018PYG PayGroup 0.50.720.44
12/13/2018TYM Tymlez Group 0.220.270.227272727273
05/16/2018S66 Star Combo Pharma 0.50.610.22
02/14/2019A1G African Gold 0.20.240.2
07/30/2018CR1 Constellation Resources 0.20.2350.175
08/15/2018TMR Tempus Resources 0.20.2350.175
08/20/2018NIC Nickel Mines 0.350.40.142857142857
11/14/2018HM1 Hearts and Minds Investments 2.52.840.136
03/07/2019CBY Canterbury Resources 0.30.340.133333333333
02/22/2019MPH Mediland Pharm 0.20.2250.125
12/14/2018YRL Yandal Resources 0.20.220.1
07/09/2018PGX Primero Group 0.40.410.025
07/13/2018VEA Viva Energy Group 2.52.5350.014
05/30/2018KRX Koppar Resources 0.20.20
09/11/2018HLA Healthia 10.99-0.01
11/29/2018NWM Norwest Minerals 0.20.19-0.05
11/30/2018RDC Redcape Hotel Group1.131.0375-0.0818584070796
05/29/2018GAL Galileo Mining 0.20.18-0.1
07/06/2018WOA Wide Open Agriculture 0.20.18-0.1
12/05/2018CRS Caprice Resources 0.20.18-0.1
07/05/2018RMY RMA Global 0.250.22-0.12
06/22/2018WGB WAM Global 2.21.92-0.127272727273
09/12/201814D 1414 Degrees 0.350.305-0.128571428571
04/18/2018JMS Jupiter Mines 0.40.34-0.15
07/27/2018NSB NeuroScientific Biopharmaceuticals0.20.17-0.15
08/24/2018KWR Kingwest Resources 0.20.165-0.175
09/17/2018VEN Vintage Energy 0.20.165-0.175
02/19/2019CLB Candy Club Holdings 0.20.16-0.2
11/07/2018MOH Moho Resources0.20.155-0.225
10/31/2018WWG Wiseway Group 0.50.375-0.25
10/23/2018CRN Coronado Global Resources 42.98-0.255
09/13/2018ARN Aldoro Resources 0.20.145-0.275
10/02/2018SGI Stealth Global Holdings 0.20.14-0.3
02/13/2019UWL Uniti Wireless 0.250.17-0.32
03/16/2018EM2 Eagle Mountain Mining 0.20.13-0.35
05/14/2018ED1 Evans Dixon 2.51.58-0.368
04/16/2018MKG Mako Gold 0.20.125-0.375
10/19/2018QEM QEM 0.20.11-0.45
10/17/2018ID8 Identitii 0.750.4-0.466666666667
06/13/2018VN8 Vonex 0.20.105-0.475
09/21/2018AR9 Archtis 0.20.105-0.475
04/30/2018MAM Microequities Asset Management0.80.405-0.49375
11/08/2018GSM Golden State Mining 0.20.1-0.5
12/20/2018FIJ Fiji Kava 0.20.1-0.5
11/30/2018NVU Nanoveu 0.20.094-0.53
04/11/2018DXN Data Exchange Network /The0.20.085-0.575
07/26/2018RFR Rafaella Resources 0.20.08-0.6
06/21/2018RZI Raiz Invest 1.80.685-0.619444444444
08/16/2018SLZ Sultan Resources 0.20.07-0.65
08/30/2018CM1 Coolgardie Minerals 0.20.052-0.74
06/19/2018B2Y Bounty Mining 0.350.07-0.8
04/27/2018SIL Smiles Inclusive 10.17-0.83

Meanwhile, newly-listed payments provider Splitit (ASX:SPT) still retains its spot as the top performing IPO over the past year.

Since it listed in late January, it has surged nearly 740 per cent to trade around $1.68.

On Monday Splitit received a query from the ASX as to why its share price leapt to nearly $2 from 93.5c a week earlier.

The company said there were no announcements yet to drop that could’ve explained the sudden spike, but added that perhaps it was because of several recent news articles explaining the company’s business model.

“The publication of these articles may explain the recent increase in share price and trading volumes,” Splitit said.

Canterbury Resources has managed to cure its first-day blues and gain 13.3 per cent to trade at 34c.

It wasn’t a warm welcome for the copper and gold junior last week when it lit up the boards, with shares opening 10 per cent lower than the 30c issue price before falling further to close its first day out at 26.5c.

At the other end of the scale, Smiles Inclusive (ASX:SIL) has continued its downward spiral after recently revealing it would now be likely booking a $1m loss instead of a $2.3m profit for FY19.

The dental practice operator has watched its share price tumble 83 per cent since it listed in late April last year to 17c.