It was having the Lowell Resources Fund (Code LRT) as the number one shareholder that got my interest. They must have seen something they liked in the projects for them to take seed in this and then acquire additional shares in the IPO.
I will back there analysis and this really was incredible buying around 12c (just above what LRT paid in total for their 4.45m shares).
Great top 20 at 62% and directors hold 13%. Still extremely cheap (even after todays announcement), and I would not expect it to be under the IPO price for much longer once the real news flow starts.
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