I had a chance, being a Bell Potter client, to pick up 100k at the IPO, but there were some issues that worried me:
1. Location
2. High Director's allotment and salaries
3. Uncertainty of impurities ( Uranium etc.) as the prospectus stated.
Certainly taken off in the short term, but as a long term investor I just felt uncomfortable with the above issues, especially in comparison with MAK and their management.
Could have made a tidy sum in the short term though.
It happens.
Cheers
mak compared to poz, page-11
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