Intelligent Investor

China Magnesium Corporation Limited (ASX: CMC) - Float & IPO Details

DELISTED - Current share price for CMC : $0.011

China Magnesium Corporation Limited (CMC) floated on the Australian Securities Exchange (ASX) on Tuesday, 9 November 2010. The company opened its first day of trading with a share price of $0.28 which was up 12% from its offer price of $0.25 per share. The first day of trading for China Magnesium Corporation Limited on the ASX saw its share price move between a low of $0.25 and a high of $0.28, before closing at $0.25 per share which was 2% below its original offer price of $0.25 per share.
CMC's current share price of $0.01 is a -$0.24 or 95.60% discount to its original offer price of $0.25.

CMC Float / IPO Details

Offer Open Date2 Jun 2010
Offer Close Date3 Jul 2010
Listing Date9 Nov 2010
Issue Price$0.25
Amount Raised$8,000,000
Shares Issued (new)32,000,000
Underwriter
Consultants
AuditorBDO Audit (QLD) Pty Ltd

CMC Float / IPO Performance (relative to an issue price of $0.25)

Current Price$0.01-95.60%
First Day Open$0.2812%
First Day High$0.2812%
First Day Low$0.25-2%
First Day Close$0.25-2%
All-time High$0.4476%
All-time Low-100%
12-month Highn/an/a
12-month Lown/an/a

Other floats & IPOs around the same time as China Magnesium Corporation Limited (CMC)

Security Code Company Offer Open Offer Close Listing Issue Price Current Price Gain
ISO iShares S&P/ASX Small Ordinaries 9 Dec 2010 $4.69
IHD iShares S&P/ASX High Dividend 9 Dec 2010 $14.05
ILC iShares S&P/ASX 20 9 Dec 2010 $29.82
IOZ iShares MSCI Australia 200 9 Dec 2010 $31.27
HAR2 Haranga Resources Limited 17 Nov 2010 3 Dec 2010 9 Dec 2010 $0.20
4DS Fitzroy Resources Limited 15 Oct 2010 9 Nov 2010 9 Dec 2010 $0.20 $0.08 -58.50%
NCZ Attila Resources Limited 19 Oct 2010 12 Nov 2010 8 Dec 2010 $0.20 $1.10 450%
MDO Mindoro Resources Limited 22 Oct 2010 19 Nov 2010 7 Dec 2010 $0.20 $0.02 -89%
IDC Indochine Mining Limited 22 Jun 2010 23 Jul 2010 6 Dec 2010 $0.20 $0.01 -97%
CRR Sovereign Gold Company Limited 1 Oct 2010 29 Oct 2010 3 Dec 2010 $0.20 $0.01 -93.50%
EUR Paynes Find Gold Limited 21 Sep 2010 15 Oct 2010 2 Dec 2010 $0.20 $0.05 -75%
YOJ Southern Crown Resources Limited 26 Oct 2010 9 Nov 2010 2 Dec 2010 $0.20 $0.05 -75.50%
PDI Predictive Discovery Ltd 20 Oct 2010 18 Nov 2010 1 Dec 2010 $0.20 $0.20 0%
AZJ QR National Limited 10 Oct 2010 12 Nov 2010 22 Nov 2010 $2.75 $3.81 38.55%
KGD Kula Gold Limited 12 Nov 2010 12 Nov 2010 16 Nov 2010 $1.80 $0.01 -99.33%
SGQ St George Mining Limited 25 Aug 2010 30 Sep 2010 16 Nov 2010 $0.20 $0.02 -90.50%
BZL Braziron Limited 24 Aug 2010 20 Sep 2010 4 Nov 2010 $0.20 $0.00 -98.50%
BTN1 Brighton Mining Group Limited 20 Aug 2010 20 Sep 2010 3 Nov 2010 $0.20
EGR Kagera Nickel Limited 27 Oct 2010 $0.20 $0.15 -27.50%
EMT West Peak Iron Limited 16 Aug 2010 20 Sep 2010 26 Oct 2010 $0.20 $0.01 -97.50%
C7A Ausnico Ltd 9 Aug 2010 27 Sep 2010 21 Oct 2010 $0.20 $0.02 -91.50%
MNB Minbos Resources Limited 4 Sep 2010 27 Sep 2010 14 Oct 2010 $0.20 $0.06 -70.50%
GRG GRG International LTD 11 Aug 2010 1 Sep 2010 14 Oct 2010 $0.20 $0.10 -50.50%

DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

Data shown on this website is sourced by Morningstar
© 2017 Morningstar. All rights reserved. Neither any Morningstar company nor any of their content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Limited, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. You should consider the advice in light of these matters and, if applicable, the relevant Product Disclosure Statement (in respect of Australian products) or Investment Statement (in respect of New Zealand products) before making any decision to invest. No Morningstar-affiliated company or any of their employees is providing you with personalised financial advice. To obtain advice tailored to your particular circumstances, please contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only.