Ann: West Desert Land Position Increased as Exploration Escalates, page-4

For sure, but ASX really needs to sort this out. So many IPOs faltering because of this spin game now. Companies are increasingly holding back material information at listing (which by clever but pretty simple circumvention they can do i.e. “please don’t finalise and present your report to the board until next week”) and using it to pump afterwards in line with the strategy you outline here.

But what might have worked in the past only rarely works now that retail has largely figured it all out. It would serve their interests to have a solid valuation at listing instead of trying to game it later. In the current market environment I’d rather list a company that holds its value on listing day and isn’t seeking to (or presenting an impression it will) artificially pump (e.g. to 30c) and create churn afterwards. I’d much rather have IPO investors in at ground level who are confident they know the full picture and have a realistic valuation from day one - instead of one that moons, collapses and later gets a reputation for volatility. A listed company that can immediately usher out major market sensitive announcements in the first few weeks of the float isn’t fooling anyone. Less PR, more management please.