The IPO market shows no signs of slowing down with 3 companies newly listing on the ASX, and here’s how they performed.
Listing first was Barton Gold (ASX:BGD) and it did not get off to a good start, retreating 14 per cent in the first couple of hours of trade.
BGD is focused on South Australia’s Gawler Craton with two projects – Tarcoola and Tunkillia – where it plans to undertake initial exploration activity at in the coming quarter.
“With the benefit of a total attributable 1.1 million ounce JORC Mineral Resources platform and 100 per cent ownership of the region’s only gold mill, our objectives are to demonstrate the true scale potential of this asset package and pursue maximum long-term value creation,” said managing director Alexander Scanlon.
