One to keep an eye on next Tuesday when it is supposed to list...

One to keep an eye on next Tuesday when it is supposed to list Carawine Resources a spin out from SFX ,......it should debut with 45 million shares on issue so a MC of $9M with $5M in cash .Some great ground that Sheffield acquired some time ago is going into it .Good  ground prospective for gold ,copper,nickel ,cobalt and zinc in WA in Eastern Pilbara  across through Patterson region to ground adjacent to Telfer  and some great gold tenements in Victoria as well .
The MD and another director used to work for Consolidated Minerals so looking at the maps one might think some of their ground is ripe for manganese as well .I applied for some stock in the IPO and only got 20% of what I wanted
Some maps below .As you can see on the bottom map they hold the ground along the structures which host the old Consolidated Minerals manganese ground which is now owned by Ningxia Tianyuan Manganese company .The price of manganese rising and Australia's main manganese play OMH has gone from about 10c in May to close today at 69.5c !