Intelligent Investor

GBM Gold Ltd (ASX: GBM) - Float & IPO Details

DELISTED - Current share price for GBM : $0.008

GBM Gold Ltd (GBM) floated on the Australian Securities Exchange (ASX) on Monday, 5 March 2007. The company opened its first day of trading with a share price of $0.13 which was down 37.50% from its offer price of $0.20 per share. The first day of trading for GBM Gold Ltd on the ASX saw its share price move between a low of $0.12 and a high of $0.15, before closing at $0.15 per share which was 27.50% below its original offer price of $0.20 per share.
GBM's current share price of $0.01 is a -$0.19 or 96% discount to its original offer price of $0.20.

GBM Float / IPO Details

Offer Open Date4 Dec 2006
Offer Close Date22 Dec 2006
Listing Date5 Mar 2007
Issue Price$0.20
Amount Raised$4,000,000
Shares Issued (new)20,000,000
UnderwriterCube Financial Group Pty Ltd
Consultants
Auditor

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

Current Price$0.01-96%
First Day Open$0.13-37.50%
First Day High$0.15-27.50%
First Day Low$0.12-42.50%
First Day Close$0.15-27.50%
All-time High$0.3890%
All-time Low-100%
12-month Highn/an/a
12-month Lown/an/a

Other floats & IPOs around the same time as GBM Gold Ltd (GBM)

Security Code Company Offer Open Offer Close Listing Issue Price Current Price Gain
MAU Magnetic Resources NL 26 Feb 2007 16 Mar 2007 5 Apr 2007 $0.20 $1.05 425%
BLY Boart Longyear Limited 12 Mar 2007 28 Mar 2007 5 Apr 2007 $1.93 $2.91 50.78%
MVT India Equities Fund Limited 26 Feb 2007 13 Mar 2007 5 Apr 2007 $1.00 $0.16 -84%
IVR Southern Uranium Limited 9 Mar 2007 16 Mar 2007 3 Apr 2007 $0.20 $0.05 -73%
HPR Torrens Energy Limited 27 Feb 2007 21 Mar 2007 30 Mar 2007 $0.20 $0.05 -75%
STM Avalon Minerals Limited 16 Feb 2007 12 Mar 2007 22 Mar 2007 $0.20 $0.01 -94.50%
CMY Capital Mining Limited 16 Nov 2006 22 Dec 2006 22 Mar 2007 $0.20 $0.01 -97.50%
ADG 3D Resources Limited 29 Dec 2006 16 Feb 2007 21 Mar 2007 $0.20 $0.00 -98%
AJJ Costarella Design Limited 30 Oct 2006 12 Jun 2006 19 Mar 2007 $0.20 $0.04 -81%
CEN2 NuPower Resources Limited 26 Feb 2007 16 Mar 2007 $0.20
CRB Carbine Resources Limited 12 Feb 2007 9 Mar 2007 16 Mar 2007 $0.20 $0.01 -97.50%
ARV Artemis Resources Limited 28 Feb 2007 16 Mar 2007 $0.25 $0.02 -94%
CAV Carnavale Resources Limited 23 Jan 2007 23 Feb 2007 15 Mar 2007 $0.20 $0.01 -97.50%
SCN Pegasus Metals Limited 13 Feb 2007 6 Mar 2007 7 Mar 2007 $0.20 $0.02 -88.50%
PIR Colonial Resources Limited 15 Dec 2006 15 Jan 2007 1 Mar 2007 $0.20 $1.49 645%
ROL Robust Reources Limited 12 Dec 2006 22 Dec 2006 26 Feb 2007 $0.20 $0.49 142.50%
NXM Hemisphere Resources Limited 23 Jan 2007 23 Feb 2007 23 Feb 2007 $0.20 $0.06 -70.50%
PST Pearlstreet Limited 15 Jan 2007 12 Feb 2007 23 Feb 2007 $0.50 $0.73 46%
AVL Yellow Rock Resources Limited 21 Dec 2006 6 Feb 2007 21 Feb 2007 $0.20 $0.02 -91.50%
AHI2 Allco Hit Limited 16 Jan 2007 12 Feb 2007 16 Feb 2007
BWN Bowen Energy Limited 22 Dec 2006 31 Jan 2007 15 Feb 2007 $0.20 $0.05 -75.50%
WLF Wolf Minerals Limited 22 Jan 2007 2 Mar 2007 15 Feb 2007 $0.20 $0.04 -82.50%
WRK1 Warwick Resources Limited 13 Dec 2006 22 Dec 2006 13 Feb 2007 $0.20
IGX IGDX Holdings Limited 25 Oct 2006 25 Oct 2006 9 Feb 2007 $0.50 $0.62 23%
GXY Galaxy Resources Limited 12 Dec 2006 22 Dec 2006 6 Feb 2007 $0.20 $5.28 2,540%
AKM Windy Knob Resources Limited 26 Dec 2006 25 Jan 2007 6 Feb 2007 $0.20 $0.21 5%

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