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4.5¢ heron resources limited

Ann: Ardea Resources Limited - Second Supplementary Prospectus, page-4

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JRgraphics

42 Posts.

12

07/01/17

18:11

Post #: 21742160
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Originally posted by Sally_Will ↑

In most recent ipo's the newly listed mining company generally has broken even or down slightly on the first day of listing.
Rarely in recent times has the share price finished more than a couple of cents higher than the issue price.
Heron shares have always been tightly held, even more so in recent times and so it is with the Ardea shares to be issued to Heron holders.
To predict which way the share price will go on the first few days of, and after listing is impossible, and more likely yes, it will fall slightly but if you need to get an idea in advance, perhaps watching COB (Cobalt Blue) which will list before Ardea.

I have been told that the COB ipo raised $10 million and was ridiculously oversubscribed numerous millions of dollars.

After today's Ardea announcements, one could easily be convinced that Ardea is a far better risk and investment.

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and there will be news flow fairly quickly after listing as they have advanced targets to sample and drill, so they will be hitting the ground running...

HRR Price at posting: 12.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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