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Golden State Mining Limited (ASX: GSM) - Float & IPO Details
- Current share price for GSM : $0.011
Golden State Mining Limited (GSM) is a resources exploration company, which has brought together prospective West Australian exploration projects with a major focus on gold and lithium. It was formed with the intent of acquiring quality Western Australian exploration assets
Golden State Mining Limited (GSM) floated on the Australian Securities Exchange (ASX) on Thursday, 8 November 2018.
The company opened its first day of trading with a share price of $0.17 which was down 15% from its offer price of $0.20 per share.
The first day of trading for Golden State Mining Limited on the ASX saw its share price move between a low of $0.17 and a high of $0.18,
before closing at $0.18 per share which was 12.50% below its original offer price of $0.20 per share.
GSM's current share price of $0.01 is a -$0.19
or 94.50% discount to its original offer price of $0.20.
GSM Float / IPO Details
| Offer Open Date | 3 Sep 2018 |
| Offer Close Date | 28 Sep 2018 |
| Listing Date | 8 Nov 2018 |
| Issue Price | $0.20 |
| Amount Raised | $5,500,000 |
| Shares Issued (new) | 27,500,000 |
| Underwriter | |
| Consultants | |
| Auditor | Stantons International Audit and Consulting Pty Ltd |
GSM Float / IPO Performance (relative to an issue price of $0.20)
| Current Price | $0.01 | -94.50% |
| First Day Open | $0.17 | -15% |
| First Day High | $0.18 | -12.50% |
| First Day Low | $0.17 | -15% |
| First Day Close | $0.18 | -12.50% |
| All-time High | $0.71 | 252.50% |
| All-time Low | -100% | |
| 12-month High | $0.07 | -67.50% |
| 12-month Low | -100% |
Other floats & IPOs around the same time as Golden State Mining Limited (GSM)
| Security Code | Company | Offer Open | Offer Close | Listing | Issue Price | Current Price | Gain |
|---|---|---|---|---|---|---|---|
| A40 | Alliance Minerals Assets Limited | 16 Nov 2018 | 14 Dec 2018 | 5 Dec 2018 | $0.35 | $0.08 | -76.57% |
| CRS | Caprice Resources Limited | 3 Nov 2018 | 5 Dec 2018 | $0.20 | $0.02 | -91.50% | |
| RVS | Revasum Inc | 19 Nov 2018 | 30 Nov 2018 | 4 Dec 2018 | $2.00 | $0.12 | -94.25% |
| RDC | Redcape Hotel Group | 12 Nov 2018 | 22 Nov 2018 | 30 Nov 2018 | $1.13 | $1.13 | 0% |
| NVU | Nanoveu Limited | 7 Sep 2018 | 19 Oct 2018 | 30 Nov 2018 | $0.20 | $0.02 | -88% |
| NWM | Norwest Minerals Limited | 26 Sep 2018 | 15 Oct 2018 | 29 Nov 2018 | $0.20 | $0.05 | -74.50% |
| QRI | Qualitas Real Estate Income Fund | 16 Oct 2018 | 13 Nov 2018 | 27 Nov 2018 | $1.60 | $1.64 | 2.19% |
| COL | Coles Group Limited | 21 Nov 2018 | $16.01 | ||||
| SBW | Shekel Brainweigh Ltd | 24 Sep 2018 | 12 Oct 2018 | 20 Nov 2018 | $0.35 | $0.07 | -81.43% |
| BNDS | Betashares Legg Mason Australian Bond Fund | 16 Nov 2018 | $23.36 | ||||
| HM1 | Hearts and Minds Investments Limited | 15 Oct 2018 | 6 Nov 2018 | 14 Nov 2018 | $2.50 | $2.51 | 0.40% |
| VISM | Vanguard MSCI International Small Co | 13 Nov 2018 | $62.00 | ||||
| CURE | ETFS S&P Biotech ETF | 12 Nov 2018 | $45.70 | ||||
| CNEW | VanEck Vectors China New Economy ETF | 9 Nov 2018 | $6.66 | ||||
| MOH | Moho Resources NL | 18 Aug 2018 | 17 Sep 2018 | 7 Nov 2018 | $0.20 | $0.01 | -97% |
| QLTY | Betashares Global Quality Leaders ETF | 7 Nov 2018 | $28.85 | ||||
| AGX1 | Antipodes Global Shares (Quoted Managed Fund) | 7 Nov 2018 | $5.89 | ||||
| FEMX | Fidelity Global Emerging Markets Fund (Managed Fun | 5 Nov 2018 | $6.11 | ||||
| HGH | Heartland Group Holdings Limited | 1 Nov 2018 | $1.00 | ||||
| WWG | Wiseway Group Limited | 16 Oct 2018 | 23 Oct 2018 | 31 Oct 2018 | $0.50 | $0.14 | -73% |
| PIN | PINCHme.com Inc. | 21 Sep 2018 | 12 Oct 2018 | 24 Oct 2018 | $0.50 | $0.03 | -93.20% |
| CRN | Coronado Global Resources Inc | 2 Oct 2018 | 15 Oct 2018 | 23 Oct 2018 | $4.80 | $1.18 | -75.52% |
| VBLD | Vanguard Global Infrastructure Index ETF | 23 Oct 2018 | $62.24 | ||||
| STG | Straker Translations Limited | 4 Oct 2018 | 11 Oct 2018 | 22 Oct 2018 | $1.51 | $0.49 | -67.88% |
| INCM | BetaShares Global Income Leaders ETF | 22 Oct 2018 | $16.30 | ||||
| QEM | QEM Limited | 14 Aug 2018 | 10 Sep 2018 | 19 Oct 2018 | $0.20 | $0.16 | -22.50% |
| ID8 | identitii Limited | 5 Sep 2018 | 12 Sep 2018 | 17 Oct 2018 | $0.75 | $0.01 | -98.40% |
| SMX | Security Matters Limited | 7 Aug 2018 | 4 Sep 2018 | 15 Oct 2018 | $0.20 | $0.26 | 30% |
| TGF | Tribeca Global Natural Resources Limited | 3 Sep 2018 | 26 Sep 2018 | 12 Oct 2018 | $2.50 | $1.61 | -35.80% |
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.
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