It could well be higher than it is now, leading into drilling and obviously a well known group with lots of money to support it. I don't chase IPOs. Same story as always, if you're in at base camp (20c) you can afford to talk it up and if it comes back from day 1 open, you're still well up. Newbs chasing IPOs though is fraught with danger. If I miss an IPO that I like (SE1 was another) I wait for a base to form in the following weeks/months. If it works out, I enter. If not, you move on to one of the myriad other opportunities on the market.
108m SOI, so $41m mc at 38c. That's an impressive open for an explorer.
The Brains Trust, page-4414
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