Spoke with a broker mate and asked him what his experience was with IPO’s these days. He said that the ones he was dealing with were all 3-4 weeks late from their original expectations. We will only know when they have a designated listing date of course.
You can look up upcoming floats and listings 0n this link - https://www2.asx.com.au/listings/upcoming-floats-and-listings
I’ve spoken with mining companies and they all have delays in assay results for extended periods as well. that’s been going on for a long time with WA cut off from the planet. Many of the drillers come from interstate. This is staff, equipment around covid related issues.
Companies are going to find these issues ongoing across most sectors. It’s the new normal for some time.
The asx controls the process and that’s the way it is. Ppk will let us know and until then, enjoy the weather.
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