I am an investor in a new West Australian IPO called Golden Iron Resources. Code GDI. Hotcopper has an allocation of $200k or so. Allegra Capital is the lead broker on the float. The board of directors is truely first class and the resource stacks up well. Western Mining spent over $60m on the area a number of years ago. If there are any "experts" or guys who have a reasonable knowledge base on AU please have a quick look over the prospectus and drop your views back on the thread.
