Intelligent Investor

Ramelius Resources Limited (ASX: RMS) - Float & IPO Details

Current share price for RMS : $1.950 0.14 (6.70%)

Ramelius Resources Limited (RMS) is a gold mining and production company with its primary production being focused on the Mt Magnet goldmine. The Company owns and operates the Mt Magnet, Edna May, Vivien, Marda, Tampia and Penny gold mines, and the recently acquired Rebecca Gold Project, all of which are in Western Australia.

Ramelius Resources Limited (RMS) floated on the Australian Securities Exchange (ASX) on Monday, 31 March 2003. The company opened its first day of trading with a share price of $0.16 which was down 20.42% from its offer price of $0.20 per share. The first day of trading for Ramelius Resources Limited on the ASX saw its share price move between a low of $0.15 and a high of $0.16, before closing at $0.15 per share which was 25.10% below its original offer price of $0.20 per share.
RMS's current share price of $1.95 is a $1.75 or 875% premium to its original offer price of $0.20.

RMS Float / IPO Details

Offer Open Date13 Nov 2002
Offer Close Date28 Feb 2003
Listing Date31 Mar 2003
Issue Price$0.20
Amount Raised$6,000,000
Shares Issued (new)30,000,000
Underwriter
Consultants
AuditorGrant Thornton

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

Current Price$1.95875%
First Day Open$0.16-20.42%
First Day High$0.16-20.42%
First Day Low$0.15-25.10%
First Day Close$0.15-25.10%
All-time High$2.531,165%
All-time Low-100%
12-month High$2.12960%
12-month Low$1.18490%

Other floats & IPOs around the same time as Ramelius Resources Limited (RMS)

Security Code Company Offer Open Offer Close Listing Issue Price Current Price Gain
SIB Siberia Mining Corporation Limited 21 Mar 2003 17 Apr 2003 29 Apr 2003 $0.20
AGJ Westralia Property Trust 31 Dec 2002 28 Mar 2003 10 Apr 2003 $0.92 $0.03 -96.74%
LNR TasGold Limited 9 Jan 2003 26 Mar 2003 9 Apr 2003 $0.20 $0.01 -97%
RC1 Great Pacific Capital Limited 22 Oct 2002 19 Nov 2002 21 Mar 2003 $1.00 $0.02 -98.50%
AUH Lodestone Exploration Limited 10 Jan 2003 5 Mar 2003 17 Mar 2003 $0.20 $0.00 -98.50%

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.