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IPO Wrap: A couple of explorers and a glass company are gearing up to list in July
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- Oceana Lithium is trading 72.5% up from its listing price of $0.20
- Regener8 Resources is listing today with plans to acquire the Kookynie gold project in WA
- Australia Sunny Side Glass has an automated production plant and is developing cyclone resistant glass
One resources company listed yesterday, with two more miners and a glass production company gearing up for IPOs in July.
But please note that these listing dates are extremely speculative.
If you’re interested, contact the company direct for a better idea of when they expect to start trading on the ASX.
How are newly listed IPOs tracking?
Listed: 1 July
IPO: $6m at $0.20
Oceana has two lithium projects – the Solonopole Project in Brazil and the Napperby project in the NT. Solonopole’s permits cover historic artisanal mining sites previously mined for lithium, Coltan (tantalum and niobium) and tin.
Napperby is in the Pine Creek Pegmatite province – which hosts Core Lithium’s (ASX:CXO) Finniss project.
Since listing its share price has rising to $0.345, an increase of 72.5%.
MOVE Logistics Group (ASX:MOV)
Listed: 1 July
IPO: N/A
MOVE Logistics Group is one of New Zealand’s largest freight and global logistics companies with its history dating all the way back to 1869 with the original Hooker Brothers transport company.
The company offers freight transport and warehousing services throughout New Zealand and co-ordinates freight movements offshore through its international alliances.
The company also has a specialist road tanker division and is one of the largest operators in the New Zealand fuel delivery market.
The company is trading at $1.02 per share.
Listed: July 6
IPO: $7m at $0.20
The company has a portfolio of lithium, tin, tantalum, manganese, copper, gold and base metal exploration projects in WA and the NT.
Its assets include the Woodie Woodie North project and the Upper Coondina project in WA.
In NT, it holds the Edwards Creek project, the Box Hole project and the Bruce project.
The plan is to use IPO funds for exploration at the Upper Coondina lithium tin and tantalum in WA, and the Bruce rare earth project in the NT.
But the company has had a bit of rocky start to listed life with its share price falling to $0.145, a 27.5% drop from its listing price.
OCN, MOV & MGA share prices today:
These companies are listing in July:
Listing: 8 July
IPO: $5.5m at $0.20
The company is proposing to acquire the tenements comprising the Kookynie (Niagara) Gold Project in Western Australia from GTI Resources (ASX:GTR).
“It is exciting for the company to have secured tenements containing historical high-grade workings, identified mineralisation and high priority, walk-up targets whilst in the company of peers that are actively finding encouraging results,” chairman Robert Boston says.
The company plans to kick off maiden exploration and apply modern techniques to the “historically significant, underexplored tenement package.”
Listing: 20 July
IPO: $8m at $0.20
The copper explorer has tenements in the prospective North West minerals province of QLD – adjacent to the world-class Mt Isa mines.
The company is embarking on an aggressive drill program with target testing underway.
Australia Sunny Glass Group (ASX:AG1)
Listing: 26 July
IPO: $7.5m at $0.35
This Australian-based holding company, through its subsidiaries, operates a glass production and supply business for structural building facades.
The group has a fully automated processing plant which it says is highly-efficient, accurate and scalable and an R&D focus on the development of cyclone resistant glass using new laminating and bonding techniques.
At Stockhead we tell it like it is. While MetalsGrove Mining is a Stockhead advertiser, it did not sponsor this article.
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