Australian (ASX) Stock Market Forum

SNU - Southern Uranium

Jump to new
mobcat

mobcat

Joined
7 February 2007
Posts
314
Reactions
3
Southern Uranium Lists 31st march ipo closes 16th march WEB adress http://www.southernuranium.com.au/Looks very interesting in the current climate Have a look havent had time to go to deep into the pro yet but on the surface as allways looks great flying to the states today so got 24hrs to check it out so i will get back soon.
Cheers :)
 
Re: SNU - Southern Uranium IPO

mobcat- I have renamed your thread and made it the official SNU thread. I have also moved it to the correct forum based on its ASX code.

I will remove the IPO designation in the title after it lists.

Cheers!
Joe
 
Re: SNU - Southern Uranium IPO

Mobcat hope your are lucky enough to get some as i think it will fly-no probs mining in SA,priority to Southern Gold holders so would be hard for public to get any
 
Re: SNU - Southern Uranium IPO

Its a tough call Alan actually,

I think SNU will be a 25-40c list ie Min 25c Max 40c

Why?

Because Unlike other floats SNU is using 70m shares and will have 110m Fully Dilluted,

Like SAU which issued 40m shares, 70m shares is a hell of alot of shares that can trade day 1, SAU listed at around 25c from memory, once intial selling pressure passes it should fly to 40c but may take a couple of weeks

I've got 2 priority applications which I just express posted off but not for much 1 x 20,000 shares 1 x 40,000 shares, I didn't want to apply for too many as I think it will be heavily oversubscribed and hence scaled back

I'll be very surprised if it lists at more than 40c but then again Citic and Talbot are coner stone investors so who know's another TOE? I doubt it though

KOR spin off now that'll be a cracker of an IPO!
 
Re: SNU - Southern Uranium IPO

Will list around 24-25c.

Agree with your points young trader re: no of shares on issue/prospectivity of ground.

Disagree re: KOR spinoff, think that ones a bit hyped. A lot of ground in WA looks low grade from the evidence I have seen.
 
SNU - Southern Uranium Limited

Hi guys new float lists around 30th March

Souther Uranium
Total shares: 115m
SAU: 45m
Citic: 20m
IPO: 50m

Cash on list $14m

Some great leases in South Aust and the backing of Citic group leads me to believe it will list at 40c+
 
Re: SNU - Southern Uranium Limited

YOUNG_TRADER said:
Hi guys new float lists around 30th March

Souther Uranium
Total shares: 115m
SAU: 45m
Citic: 20m
IPO: 50m

Cash on list $14m

Some great leases in South Aust and the backing of Citic group leads me to believe it will list at 40c+
Click to expand...

$23million market cap at the offer price, thats not bad compared to other floats eg. AFR.

But its hard these days to find good companies that are really cheap, I remember when i first saw SAU for 17c, that was market cap of $8million.

YT are you in this one?

Could be a ripper, got the backing, place (S.A) and time (April).

Thanks for the info...
 
Got my allocation today, note some people are yet to be alloted

Got 1x 10,000 = $2k
and 1x 12,000 = $2.4k

Any others got their allocation yet?
 
Hi guys. I revise my estimates re: listing

Considering the scale back 45-50c is likely, a lot of people scaled back a lot to only $2k amounts.

This suggests good interest, and a 45-50c vs 20c issue price is very likely.

I got 12,000.
 
Halba said:
Hi guys. I revise my estimates re: listing

Considering the scale back 45-50c is likely, a lot of people scaled back a lot to only $2k amounts.

This suggests good interest, and a 45-50c vs 20c issue price is very likely.

I got 12,000.
Click to expand...

U sure Halba after all SNU only has "dirt" :p: joke joke,

I will be pleasantly surprised if it opens above 40c
 
Hi YOUNG T I am finally on a stock that you own! Took some time didn't it!

I'll most likely hold it properly and see where it goes.

cheers young T
 
Halba said:
Hi YOUNG T I am finally on a stock that you own! Took some time didn't it!

I'll most likely hold it properly and see where it goes.

cheers young T
Click to expand...

Hi Halba,

Shock Horror!! I nearly fell off the chair. :) Seriously though good luck with the trade. With the cut back in allocations, this one may perform very strongly upon listing. I don't have any by the way.
DYOR
 
hi guys,
just happend to come across this forum. I actually bought ~700 shares in southern gold just to get on the ipo for snu. I applied for 50000 shares but only got 10,000. so imjust waitn for the listing to snap up some more. asx website says its on today but mobcat is sayin its listing 31st (2moro). i guess its not trading today...
 
phyro said:
hi guys,
just happend to come across this forum. I actually bought ~700 shares in southern gold just to get on the ipo for snu. I applied for 50000 shares but only got 10,000. so imjust waitn for the listing to snap up some more. asx website says its on today but mobcat is sayin its listing 31st (2moro). i guess its not trading today...
Click to expand...

SNU listing tuesday.
Tomorrow is Saturday LOL
 
yeh thats wat i was thinkin wen i read that post; 31st? saturday trading? the asx must be tryin a new approach :eek: lol well thanks for that. ill be on the lookout on tuesday :)
 
Indicative opening price of 61c looks too good to be true. I don't think it will really open this high.
 
Top