more toots !!
let's see how Thomson Resources TMZ goes tomorrow , maybe not as good as MDI did today.
Middle Island Resources makes stellar ASX debut.
From: AAP December 16, 2010
WEST Africa-focused gold explorer Middle Island Resources has made a stellar debut on the Australian stock exchange.
Shares in the Perth-based company closed the day at 44c, up 19c, or 76 per cent. The company hit an intraday high of 46.5c before softening towards the end of the day.
Its initial public offer of 50 million shares at a price of 25 cents per share was heavily oversubscribed and raised $12.5 million.
The company has three exploration projects in Burkina Faso and the Republic of Niger.
Middle Island said in its prospectus that it would seek to expand its project portfolio through permit applications and acquisition opportunities, mainly in West Africa.
Gold mining giant Newmont Mining Corporation is a substantial shareholder in Middle Island, with a 10 per cent stake.
Middle Island's managing director Rick Yeates was in 1987 a co-founder of geolgical consulting firm Resource Service Group, which was re-badged RSG Global.
http://www.perthnow.com.au/business/middle-isle-resources-stellar-asx-debut/story-e6frg2s3-1225972265853
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