Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Early birds and arbitrageurs got the worm when Bacanora Minerals (BCN) floated on AIM on Friday 25 July, with a £4.75 million fund raising at 33p. This is little more than half its price on the Toronto Venture Exchange, where it has traded for three years, and it surged immediately to 82p, to give a stock market value of some £65 million. The company, steered by veteran entrepreneur and chairman Colin Orr-Ewing, is out to commercialise two projects in Mexico, to produce two versatile products, borate with applications ranging from fibreglass to skin cream, and lithium, for electric vehicle batteries, and insists the float price was agreed in May before excitement about the London issue sent the shares soaring in Canada.
Filed under:
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Time left: 10:13:35