I think this answers the question!
http://www.theaustralian.com.au/business/mining-energy/cga-mining-beckons-with-ratel-gold-public-offer/story-e6frg9ex-1225874523378
"While it has 600 shareholders, the company is reasonably tightly held - most of the IPO had been pre-sold, apart from enough shares being set aside to ensure the necessary spread. And, given the success stories with other West African players, many of those allocated shares might want to hold until at least the first drilling results come in, rather than take a few cents profit on listing."
DYOR
upcoming west african res share float .20 c , page-3
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Last
$1.49 |
Change
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| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
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Change
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| Open | High | Low | Volume | ||
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| Last updated 15.59pm 03/06/2024 ? | |||||
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