Intelligent Investor

Base Resources Limited (ASX: BSE) - Float & IPO Details

Current share price for BSE : $0.245 0.005 (2%)

Base Resources Limited (BSE) is an Australian based, African focused, mineral sands producer and developer with a track record of project delivery and operational performance. The Company operates the established Kwale Operations in Kenya, is developing the Toliara Project in Madagascar and is conducting exploration in Tanzania. Base Resources is an ASX and AIM listed company.

Base Resources Limited (BSE) floated on the Australian Securities Exchange (ASX) on Thursday, 2 October 2008. The company opened its first day of trading with a share price of $0.20 which was down 0% from its offer price of $0.20 per share. The first day of trading for Base Resources Limited on the ASX saw its share price move between a low of $0.20 and a high of $0.20, before closing at $0.20 per share which was 0% below its original offer price of $0.20 per share.
BSE's current share price of $0.25 is a $0.05 or 22.50% premium to its original offer price of $0.20.

BSE Float / IPO Details

Offer Open Date31 Jul 2008
Offer Close Date3 Sep 2008
Listing Date2 Oct 2008
Issue Price$0.20
Amount Raised$5,000,000
Shares Issued (new)25,000,000
UnderwriterThe offer is not underwritten
Consultants
AuditorBentleys

BSE Float / IPO Performance (relative to an issue price of $0.20)

Current Price$0.2522.50%
First Day Open$0.200%
First Day High$0.200%
First Day Low$0.200%
First Day Close$0.200%
All-time High$0.65225%
All-time Low-100%
12-month High$0.2525%
12-month Low$0.10-50%

Other floats & IPOs around the same time as Base Resources Limited (BSE)

Security Code Company Offer Open Offer Close Listing Issue Price Current Price Gain
HXG Fluorotechnics Limited 10 Oct 2008 29 Oct 2008 $1.00 $0.02 -98%
HDI Handini Resources Limited 26 Feb 2008 28 Mar 2008 23 Oct 2008 $0.50 $0.44 -12%
ALM2 Aluminex Resources Limited 7 Jul 2008 29 Aug 2008 30 Sep 2008 $0.40
PUR Riviera Resources Limited 8 Jul 2008 28 Jul 2008 10 Sep 2008 $0.20 $0.01 -97%
OUM Outback Metals Limited 12 Jun 2008 9 Jul 2008 2 Sep 2008 $0.20 $0.00 -99.50%

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