rare earths beauties - next target 24c, page-3

Interesting to go back to the original IPO as below:

"Polaris Metals NL (Polaris) and Washington Resources Limited (Washington) are pleased to advise that the Initial Public Offer (IPO) of Northern Uranium Limited (Northern Uranium) has closed early and oversubscribed. The IPO sought to raise up to $4,000,000 via the issue of 20,000,000 shares at 20/share. Hartleys Limited acted as Broker to the Offer.
Polaris and Washington each retain 25% (10,000,000 shares) of the expanded capital of Northern Uranium. These shares will be escrowed for two years from the date of listing which is expected to be in mid November 2006.
In closing the Offer early and oversubscribed Executive Chairman Kevin Schultz noted: it is pleasing to receive strong endorsement of the IPO from current Polaris and Washington shareholders. In addition we welcome the investment by two significant uranium groups: Areva NC (Areva) and Mega Uranium Ltd (Mega). The interest of such groups in Northern Uranium is an endorsement of the quality of the Companys exploration projects.
Northern Uraniums flagship 9,950km2 Gardiner-Tanami Super Project, which is featured in the IPO prospectus, has potential similar to Australias Alligator Rivers Province and Canadas Athabasca Basin, which hosts the worlds highest grade uranium mines.
Areva
French nuclear group Areva has subscribed for a 6.25% stake in Northern Uranium via its wholly owned Australian subsidiary Cogema Australia Pty Ltd. Areva is the world leader in nuclear power and the only company to cover all industrial activities in this field with 58,000 employees committed to continuous improvement on a daily basis, making sustainable development the focal point of the groups industrial strategy. Arevas businesses help meet the 21st centurys greatest challenges: making energy available to all, protecting the planet, and acting responsibly towards future generations. With manufacturing facilities in 40 countries and a sales network in more than 100, Areva offers customers reliable technological solutions for CO2-free power generation and electricity transmission and distribution.
Mega
Mega, a Canadian publicly listed resources company focusing on uranium exploration and development has also subscribed for a stake of 6.25%. Mega trades on the Toronto TSX in Canada (TSX: MGA) and has a market capitalisation of approximately A$600 million. Mega holds a number of uranium assets in Australia, including the Ben Lomond and Maureen uranium deposits in Queensland and exploration assets in South Australia, Queensland and the Northern Territory. Mega recently made a successful off-market scrip takeover bid for Hindmarsh Resources Limited and is currently completing a similar offer for Redport Limited."

That was when Uranium was all go and raer earths werehardly getting a mention. I wonder how an IPO would be promoted now. Maybe the long suffering long term holders will be getting a little more back now if they held on at the bottom. The orignal issue was oversubcribed and scaled back to a minimum whereby there was a scramble to get on board and were talking "10 bagger".

Where to now?. The Lynas entry must be a positive.