December 2010 IPOs star with Attila Resources up 250%, Radar Iron up 100% and Universal Coal up 92%
December 2010 had ten new resource companies hit the ASX boards, with the average price change a whopping 57% gain.
Proactive Investors Australia are here to provide a performance review three months in.
Attila Resources (ASX: AYA) IPO Offer: $0.20 Current price: $0.70 Price change: 250% increase
Attila Resources (ASX: AYA) is targeting gold and coal in Western Australia, and has secured options to acquire mining tenements located in the northern Perth Basin and the Paddington-Kalgoorlie-Kambalda gold belt.
Radar Iron (ASX: RAD) IPO Offer: $0.20 Current price: $0.40 Price change: 100% increase
Radar Iron (ASX: RAD) has key assets including iron ore rights to tenements in the highly prospective central Yilgarn region of Western Australia.
Universal Coal (ASX: UNV) is an emerging near-term thermal coal production and development company with assets in South Africa. In January BGF Equities placed a $1.00 target on the company.
Fitzroy Resources (ASX: FRY) targeting base metals at the Rookwood and Glentanna projects. Rookwood contains the Develin Creek Resource within an established VHMS base metal system, which the company considers to have potential for further exploration success.
PMI Gold Corporation (ASX: PVM) is targeting gold in the red hot area of West Africa, and since listing, has hit some very impressive high grade broad zones of gold mineralisation in Ghana.
Thomson Resources (ASX: TMZ) main aim is exploration within the Thomson Fold Belt of northern New South Wales. The company said its prospects has the potential for large, Cobar-type deposits.
Delta SBD (ASX: DSB) is a mining services business, focused on assisting resource owners in New South Wales and Queensland to extract coal from underground mines.
Xanadu Mines (ASX: XAM) IPO Offer: $0.60 Current price: $0.57 Price change: 5% fall
Xanadu Mines (ASX: XAM) acquired 100% of the Galshar coal project in June 2010. The exploration target at the project is 200 million tonnes of thermal coal, with drilling showing low ash and low sulphur over a seam up to 21 metres thick.
UNV Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
