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MRU - Mantra Resources

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YOUNG_TRADER

Joined
18 February 2006
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Was sure there was thread for this upcoming IPO,

Anyway just found out IPO closed heavily oversubscribed, however due to scaling back and refund calculations the listing has been delayed by a week or so,

Allotments shall occur over the course of this week, expect mail outs by the end of the week,


This should be a cracker of a list, @ 20c list price mkt cap is around $10m FULLY DILLUTED (IE OPIES AS WELL)
@ 20c = $10m
@ 40c = $20m
@ 60c = $30m

I reckon a minimum list of 40c is in order, but we'll have to wait and see

Watch today's WTN (Western Uranium 20c IPO) as an indication on how we can expect things to go, although I'd expect a much smaller premium given the fact that its a W.A. based Uranium float
 
Thanks for the update YT
Doesnt matter if listing date is delayed.... Good things come to those who wait

Dont forget about the (20c) oppies, free attaching 1 for every 2 FPOs

So if this lists at 40c, oppies will be at 20c
ie. 150% gain not 100%
 

Where did u get the info from?
Reliable source?

Still nothing on their website...
 
YT

I called the mantra number and got the same info as u

I also blasted the lady that answered (poor girl) that they should update their website in an attempt to keep investors informed

It generally doesnt look good when the date is put back because 1st thing that comes to mind is that they couldnt raise the cash

Hence they should update the website about why there is a delay and the fact that the offer closed oversubscribed. Pretty much every1 that applied in the last week was knocked back.

Very poor investor relations if u ask me

Hopefully can still go off
 
Halba said:
not to put a dampener on things, but the market aint great right now
Click to expand...

To put a perspective on things, it wasnt that great 2 weeks ago either, and UKL listed at 100% premium
 
just rang Mantra few minutes ago, states all of us will have the answer by this thursday and will be listed early next week. best of luck all
 
Does anyone know the easiest way to sell shares (hopefully in Mantra).I have my own Commsec account but also applied on my 2 boys behalf.In the UK there were plenty of newspaer offers and it was possible to sell several holding in the same family name as long as the address was the same-is there anything here like that or do i have to set up different accounts for my boys.Thanks
 
My allotment just appeared on my account. I only received 50% of what i applied for but better than none.

Any ideas when it will be listing? ASX still has it as yesterday.
 
wealthyshare said:
Good on ya, i also got allocated for 1/3 what i applied for (10000 shares) listing date has not been confirmed.
Click to expand...

Damn i only got minimum allocation
 
I ended up sitting this one out. The 1 for 6 allocation wasn't enough to make it worthwhile for me. Looks like it was pretty heavily over subscribed, have no doubt it will list at premium.

Good luck to holders.
 
if you included your HIN with your application they will appear on your trading summary with your broker
 
I got shafted up the end where the sun don't shine!!!!!!!!!!!!


Only 2 of my 6 applications have been given

Still 2's better than 1 and its certainly better than none
 
YOUNG_TRADER said:
I got shafted up the end where the sun don't shine!!!!!!!!!!!!


Only 2 of my 6 applications have been given

Still 2's better than 1 and its certainly better than none
Click to expand...

LOL YT
My oppies are there now
 
From what I gather the IPO was oversubscribed 3x over,

ie I put in 6 minimum applications from 6 Different accounts and only got 2 = 1/3


Wealthyshare only got 1/3 of what he applied for,

Nizar only got minimum (was it 1/3 as well?)

So should see 40c list IMO but MKT SENTIEMNT IS EVERYTHING (Which is looking good so far)
 
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