A whopping 4500 shares traded in the first hour! Looks like quite a few sellers lined up around IPO price
Maybe I'm being harsh here because I know it's a tough market at the moment, but I'm putting this as another cross against Patos (along with UUV). Like the article mentions, conditions are pretty favourable one would think for a gold float...and forgetting a stag for a moment, if you can't at least generate enough liquidity on that alone, bit concerning for my mind.
Good luck to anyone who is holding.
IPO - Magmatic Resources Limited, page-4
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