I agree, we’re unlikely to get many/any. Just so few available and their mates, top 20, instos etc, will likely get the lions’ share. Always happens in hot IPO’s. we retail investors miss out or get crumbs.
also agree that selling MTC to load up on WR1 be smart. The easily mineable gold is so small, it’s hard to justify even current mkt cap. They’re going to need to find a lot more underground to justify any increase in SP. be good if they could work out how to come up under the large open cut, so they could mine it as underground? No chance for open cut for a long time, if ever. Take away the open cut Oz and we ain’t got much.
I’ll be looking to buy more on IPO open if it’s not too crazy a price. LEL 20c IPO was quickly 58/59, then fell away to low 30’s. Now 69. Hoping for something similar with WR1.
cheers,
ned.
MTC Price at posting:
42.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)