4 times oversubscribed during a uranium craze that lost millions of dollars of investors money of useless IPOs.
ERO, WHE, CUX are examples of useless IPOs.
Macquarie may have underwritten but investors would have filled the IPO and Macquarie would have earned a nice fee.
Macquarie may have run a savvy investment bank but their mining division was always a poor performer because clearly the analysts working for them had NFI.
Further, Macquarie do not have x-ray vision to see the uranium in the ground.
one to watch , page-6
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