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Upcoming Floats

Upcoming Floats

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Important message for users of FloatTank.com.au
As of January 2007, InvestSMART has taken over the FloatTank.com.au service. We have a strong background in providing up-to-date information on the float/IPO market. We have been covering floats since 1999 and our databases on float and broker performances dates back to late 1987.

The table below provides a list of companies preparing to list (float or IPO) on the Australian Stock Exchange (ASX). Companies remain in this table for five days after their float/listing date. See the Float Scoreboard for a complete history of Australian floats since 1993.
NOTE : All information, particularly dates, are indicative only and are subject to change without notice.


Upcoming Floats Choose an Exchange :
Company
Name
Offer
Status
Offer
Opening
Offer
Closing
Expected
Listing
Date
Issue
Price
Overview
Bailey Minerals NL
Open 8th Jul
2010
To be advised 17th Aug
2010
$0.20

Bailey Minerals NL is a dedicated mineral explorer formed for the purpose of acquiring and developing highly prospective mineral properties. The Company is currently focussed on exploring for economic gold deposits in its Mt Palmer and Mallee Hen Point projects, and will also search for outstanding projects that will add considerably to its portfolio of projects.

China Magnesium Corporation Limited
Open 2nd Jun
2010
To be advised To be advised $0.25

China Magnesium Corporation aims to be one of the largest producers in the world of pure magnesium and magnesium alloy supplying domestic Chinese and international customers with long term reliable supply. China dominates world magnesium production and most of that production comes from the Shanxi province of northern China.

Eclipse Uranium Ltd
Open 10th May
2010
To be advised To be advised $0.20

Eclipse Uranium Ltd is a Perth based exploration company that has been established principally to explore for deposits of uranium mineralisation in the Northern Territory. Eclipse plans to explore and discover viable mineral deposits (primarily uranium) and develop profitable mining, joint venture and royalty incomes.

Golden Iron Resources Limited
Open 30th Apr
2010
To be advised To be advised $0.20

Golden Iron Resources Limited has acquired rights to an impressive portfolio comprising seven separate projects which are highly prospective for gold mineralisation. These tenements are located in the Southern Cross Goldfields of Western Australia, and contain existing JORC Code compliant resources of some 161,480 ounces of gold, with gold mineralisation open at depth or along strike.

Horseshoe Metals Limited
Open 9th Jun
2010
To be advised To be advised $0.20

In January 2010 the Company entered into an agreement to acquire all of the issued securities in Murchison Copper Mines Pty Limited. MCM holds 100% beneficial interests in the Horseshoe Lights and Kumarina Projects, covering 297.1 square kilometres of mining tenements north of Meekatharra in central Western Australia.

Indochine Mining Limited
Open 22nd Jun
2010
To be advised 6th Aug
2010
$0.20

Indochine Mining, via one of it's wholly owned Subsidiaries, commenced exploration in Cambodia in 2007 and has developed a number of prospective targets for further exploration in this country. The Company currently operates in two project areas, namely Kratie and Ratanakiri, which cover over 4,500 km2 of prospective area for base and precious metals in central and northern Cambodia.

Lawson Gold Limited
Open 7th Jun
2010
To be advised To be advised $0.20

The Lawson Gold Project is situated in one of the best known gold districts in the world, with several significant gold deposits and mines located nearby, including the Paddington Gold Mine and Barrick Gold Corporation’s Kanowna Belle Gold Mine. Significantly, the Project area is considered to be in a geological setting similar to the Kanowna Belle gold deposit and as such, deposits of this style will be the focus of the Company’s initial exploration program.

Legal Fund Limited
Open 27th May
2010
To be advised To be advised $0.20

LegalFund will enter into arrangements for funding with solicitors, accountants, liquidators and insolvency practitioners, to fund litigation on behalf of their clients, as well as funding clients directly. LegalFund will seek to participate in the funding and conduct of many of Australia’s larger Class Actions and commercial litigation matters through their legal funding services and legal capacity. It is Legal Funds ambition to become a prominent litigation funder in this country.

New Global Mining Ltd
Open 3rd Jun
2010
To be advised To be advised $0.25

New Global Mining was formed to acquire, explore and develop six Western Australian gold and base metal projects in the Eastern Goldfields, Murchison and Pilbara regions and will explore opportunities to acquire other Australian and international prospective mining projects. The Company has brought together an experienced and well-credentialed Board of Directors and technical team to drive the exploration and development process.

Valemus Limited
Closed 16th Jun
2010
7th Jul
2010
20th Jul
2010
$2.50

Valemus is one of the largest multi-service contractors across the construction, and specialist infrastructure asset management and engineering services, industries in Australia. Valemus operates in the construction industry through Abigroup and Baulderstone, and in the Services industry through Conneq.

Algae.Tec Ltd
Open 25th Jun
2010
30th Jul
2010
13th Aug
2010
$0.20

The Company has secured the exclusive global licence to commercially exploit the McConchie Stroud algae production system. The innovative McConchie Stroud System consists of a modular bio-reactor in which minute plants, called microalgae, are grown (through the controlled supply of light, water, carbon dioxide gas (CO2) and nutrients), harvested and refined into algae products. The microalgae produced can be converted into various products, including feedstocks for biodiesel, jet fuel, ethanol, animal feedstock and for other industrial applications.

Newport Energy Limited
Open 25th Jun
2010
30th Jul
2010
12th Aug
2010
$0.25

Newport Energy has positioned itself to participate in the forecast growth of PNG’s oil and gas sector. The Board intends that Newport Energy will ultimately be an oil and gas exploration and production company committed to maximising results through the effective identification, acquisition, exploration and management of quality conventional oil and gas assets. Newport Energy will seek to combine quality assets with talented people, capital and leading technology.

Latin Resources Limited
Open 2nd Jul
2010
31st Jul
2010
12th Aug
2010
$0.20

The Company has ownership over an impressive portfolio of projects which are prospective for iron ore and is investigating further opportunities that are prospective for gold and iron rich mineral sands. These projects are located in Peru, South America.

Dampier Gold Limited
Open 19th Jul
2010
13th Aug
2010
31st Aug
2010
$0.50

Dampier Gold and its wholly owned subsidiary, Dampier Plutonic, have entered into an asset sale agreement with subsidiaries of Barrick Gold Corporation to acquire a package of prospective tenements covering nearly 700km2 of a gold bearing Archaean greenstone belt in central Western Australia.

Mobilarm Limited
Open 23rd Apr
2010
14th Aug
2010
27th Aug
2010
$0.20

Mobilarm Limited, with its experienced management team, is a recognised leader and innovator in the development of marine safety solutions that can prevent fatalities in man overboard events, the number one cause of fatalities in the marine environment.

Maverick Drinllilng & Exploration Limited
Open 16th Jul
2010
19th Aug
2010
1st Sep
2010
$0.20

Maverick is a diversified oil and gas company with existing cash flows focusing on low cost development of low risk oil and gas prospects. Maverick’s management team has substantial oil and gas drilling experience.

My ATM Holdings Limited
Open 18th Jun
2010
27th Aug
2010
14th Sep
2010
$0.20

The ATM market has experienced significant change after reforms were introduced by the Reserve Bank of Australia in March 2009 allowing ATM owners to charge a direct fee to any cardholder who uses their ATM. According to the latest available Reserve Bank of Australia’s statistics (March 2009 to February 2010 ), the Company estimates that on an annual basis, all ATMs in Australia generate over 834.7 million transactions (a monthly average of 69.5 million) at a total value of $150.7 billion (a monthly average of $12.5 billion).

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