IPO Watch: Moho launches $6m float; Tempus set to ring the ASX bell
Link copied to
It’s another busy week for resources floats with Moho Resources eyeing a $6 million initial public offering and Tempus Resources set to light up the boards on Wednesday.
Moho Resources has released a prospectus targeting between $4.5 million and $6 million at 20c per share.
The gold, nickel and copper explorer, which has three projects in Queensland and Western Australia, is aiming to list by September 29 under the code MOH.
Meanwhile, Tempus Resources has been admitted to the “Official List” of the ASX and will begin trading at midday AEST on Wednesday.
Tempus, a base metals explorer, initially expected to be trading by the end of July following an IPO to raise $5 million.
Coolgardie Minerals, AMD Resources and Nickel Mines also missed their initial target listing dates but appear to now be making headway.
>> Scroll down for a list of upcoming ASX floats
Western Australia-focused gold explorer Coolgardie has received a conditional letter of approval from the ASX and is waiting on a new listing date, managing director Bradd Granville told Stockhead.
The company raised $4.25 million under its IPO and expects to light up the boards before the end of August.
Coolgardie owns the Bullabulling gold project, which comprises the Geko project and five other prospects.
The IPO cash will be used to fund drilling to uncover potential extensions to the Geko project and the First Find and Endeavour prospects.
Multi-commodity explorer AMD looks set to release a supplementary prospectus today and its goal is to also list before the end of August.
The company was initially aiming to hit the ASX on August 6 following the completion of an IPO to raise between $10.4 million and $20.3 million at 50c per share.
AMD’s priority is its Normanby Island gold project in Papua New Guinea and Cumberland silver and gold project in North Queensland.
The stop order has now been lifted and the company has closed its IPO and set a new target listing date of August 20.
The Sydney-based Indonesian explorer was co-founded by successful mining investor Norm Seckold, who will emerge with about 9 per cent of the shares and has taken up the role of executive deputy chairman.
Nickel Mines owns an 80 per cent interest in the Hengjaya Mineralindo nickel mine in Central Sulawesi.
About half the money raised under the IPO will be used to move to a controlling 60 per cent interest in a stainless steel plant under construction close to the Hengjaya nickel mine.
Other explorers that missed their listing deadlines are nickel and cobalt explorer Aldoro Resources, precious and base metals explorer Sultan Resources, Spain-focused gold explorer Black Dragon Gold and diamond explorer GeoCrystal.
>> Here’s a list of upcoming ASX floats:
Swipe or scroll to reveal table. Click headings to sort
|Company||ASX code||Status||Focus||Fund raising||Issue price|
|1414 Degrees||14D||Offer extended to Aug 13||Silicon batteries||$30-50m||35c|
|Aldoro Resources||ARN||Was due to list Aug 6||Nickel, cobalt||$4.5-5m||20c|
|AMD Resources||-||Listing delayed to end of Aug||Gold, silver||$22m||50c|
|Andes Resources||-||Planning IPO this year; prospectus not yet lodged||Gold||$3-5m||-|
|archTIS||AR9||Offer closes Aug 17; Due to list Aug 27||Data security||$8-10m||20c|
|Awati Resources||AWA||Postponed indefinitely||Gold||$4.5m||-|
|Biomics Biopharma||BBM||Delayed multiple times||China-based biotech||$13-16m||20c|
|Calix||CXL||Listed July 20||Water treatment||$8m||53c|
|Candy Club||-||In pre-IPO rounds; considering float||Subscription confectionary||unknown||-|
|Carnaby Resources||-||Prospectus not yet issued||Gold||unknown||-|
|China Track||CTC||Delayed; was due to list Jun 11||Bulldozer parts||$32-40m||80c|
|Coolgardie Minerals||CM1||Listing delayed to end of Aug||Gold||$4.25m||20c|
|Constellation Resources||CR1||Listed Jul 30||Nickel, copper, gold||$7m||20c|
|Corona Resources||CNA||Cancelled||Copper, gold||$6m||-|
|Cowan Lithium||-||Spin-off from Tawana. Offer open Aug 30 to Sep 27; listing Oct 8||Lithium||$6m - 8m||20c|
|EcoMag||Postponed to late 2018||CleanTech||$3m||-|
|Eden Health||ETK||Was due to list Jul 11||Kiwi fruit-focused AgTech||$15.6 - 20m||20c|
|Euro Manganese||-||Offer open Sep 5-18; due to list Oct 1||Manganese||$5.2 - 8.8m||26c|
|Frugl||Pre-IPO funding; plans Sep listing||Grocery price comparison||tba||-|
|Golden State Mining||-||Offer open Sep 3-28; listing Oct 12||Gold||$4.5m - 5.5m||20c|
|Haixi Pharma||HXP||Delayed multiple times||China-based, pain relief biotech||$25 - 30m||50c|
|Hao Xian Yang||-||-||Beef, mutton and vegetarian meat||$1 - 1.5m||20c|
|Identitii||ID8||Offer open Aug 16-31; listing due Sep 19||Blockchain||$11m||75c|
|Kaiyun Holdings||-||Closing Oct 15; due to list Oct 29 on NSX||China-focused copper and gold||$3 - 4m||20c|
|Keytone Dairy||KTD||Listed Jul 18||NZ dairy powder exporter||$12 - 15m||20c|
|Kingwest Resources||KRW||Offer closed; Listing delayed to Aug 23||Gold||$5m||20c|
|Kleos Space||KSS||Offer closed Jun 21; listing delayed||Surveillance satellites||$11m||20c|
|Moho Resources||MOH||Due to list Sep 29||Gold, nickel, copper||$4.5-6m||20c|
|Montem||-||Due to list Sep 27||Canada-focused coking coal||$15-20m||50c|
|Neuroscientific Biopharma||NSB||TBA, was due end of July||Alzheimer’s||$5-6m||20c|
|Nicheliving||NLH||Extended to Sep 14||Residential developer||$5-12m||50c|
|Nickel Mines||NIC||Listing delayed to Aug 20||Nickel||$200m||35c|
|Norwest Gold||-||Spin-off from Australian Mines (ASX:AUZ) due to open in Sep||Gold and base metals||$2.6m||-|
|Ocean Guardian||OCG||Cancelled||Shark deterrent||$5m||-|
|OneAtom 12||-||Due to list Aug 10 on NSX||Water treatment||$3m||8c|
|Power Asia Limited||P88||Offer extended||Renewable energy||$9m||20c|
|Prospa||PGL||Postponed||small business loans||$146m||3.64|
|QEM||QEM||Closes Sep 10; due to list Sep 20||Vanadium||$5m||20c|
|Rafaella Resources||RFR||Listed July 26||Cobalt, copper, gold||$5m||20c|
|Raptor Resources||RPL||MIA||Lithium, copper, iron ore||$4-4.5m||-|
|Rong Yu Pharma||RY8||Delayed||Traditional Chinese Medicine||$14-20m||20c|
|Secure2Go Group||S2G||Postponed indefinitely||Cyber security||$4-5m||30c|
|Spreedbox||SBX||Delayed, was due to list Jun 20||Cloud computing||$4.2-$4.9m||20c|
|Sultan Resources||SLZ||IPO closes Jul 27; was due to list Aug 7||Gold||$4.5-5m||20c|
|Tartana Resources||-||IPO suspended due to ASIC query||Zinc, copper||$5-6m||-|
|Tempus Resources||TMR||Due to list Aug 15||Copper, gold, nickel, zinc||$5m||20c|
|Trigg Mining||TMG||Postponed indefinitely||Potash||$4-6m||-|
|Universal Biosecurity||UBL||Delayed||Safe pest control||$5 million||20c|
|Vintage Energy||VEN||Offer closes Aug 31; Due to list Sep 17||Gas exploration||$30 million||0.20|
|Vitalharvest||VTH||Listed Aug 6||Fruit farms||$10m||$1|
|Zaige Waste Management||ZGZ||Delayed||China-based recycling||$14-20m||0.2|