Intelligent Investor

Kin Mining NL (ASX: KIN) - Float & IPO Details

- Current share price for KIN : $0.067

Kin Mining NL (KIN) is a West Australian based gold development and exploration company. The Company's focus is its 100% owned Cardinia Gold Project (CGP) located in the North-Eastern Goldfields region of Western Australia.

Kin Mining NL (KIN) floated on the Australian Securities Exchange (ASX) on Wednesday, 2 October 2013. The company opened its first day of trading with a share price of $0.26 which was up 30% from its offer price of $0.20 per share. The first day of trading for Kin Mining NL on the ASX saw its share price move between a low of $0.25 and a high of $0.28, before closing at $0.28 per share which was 37.50% above its original offer price of $0.20 per share.
KIN's current share price of $0.07 is a -$0.13 or 66.50% discount to its original offer price of $0.20.

KIN Float / IPO Details

Offer Open Date23 Aug 2012
Offer Close Date24 Sep 2012
Listing Date2 Oct 2013
Issue Price$0.20
Amount Raised$4,000,000
Shares Issued (new)20,000,000
UnderwriterNot Underwritten
Consultants
AuditorHLB Mann Judd

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

Current Price$0.07-66.50%
First Day Open$0.2630%
First Day High$0.2837.50%
First Day Low$0.2525%
First Day Close$0.2837.50%
All-time High$0.45125%
All-time Low-100%
12-month High$0.09-56%
12-month Low-100%

Other floats & IPOs around the same time as Kin Mining NL (KIN)

Security Code Company Offer Open Offer Close Listing Issue Price Current Price Gain
AYK Australian Masters Yield Fund No 4 Limited 31 Oct 2013 $21.00
AYJ Australian Masters Yield Fund No 3 Limited 31 Oct 2013 $13.76
MEZ Meridian Energy Limited 30 Sep 2013 18 Oct 2013 29 Oct 2013 $1.00 $5.30 430%
DME Dome Gold Mines Limited 16 Sep 2013 10 Oct 2013 22 Oct 2013 $0.20 $0.18 -10%
MEQ Metlifecare Limited 7 Oct 2013 14 Oct 2013 21 Oct 2013 $3.50 $3.50 0%
ANI Australian Industrial REIT 3 Oct 2013 17 Oct 2013 21 Oct 2013 $2.00 $2.40 20%
MVA Market Vectors Australian Property ETF 16 Oct 2013 $21.74
MVR Market Vectors Australian Resources ETF 16 Oct 2013 $36.87
MVE Market Vectors Australian Emerging Resources ETF 16 Oct 2013 $38.00
MVB Market Vectors Australian Banks ETF 16 Oct 2013 $32.53
KLS Sealink Travel Group Limited 20 Sep 2013 11 Oct 2013 16 Oct 2013 $1.10 $5.67 415.45%
OFX Ozforex Group 1 Oct 2013 9 Oct 2013 11 Oct 2013 $2.00 $1.56 -22.25%
99L 99 Wuxian Limited 31 Jul 2013 10 Sep 2013 8 Oct 2013 $0.40 $0.01 -97.50%
ENX l 8 Oct 2013 $0.02
CMB1 Regeneus Ltd 13 Aug 2013 30 Aug 2013 19 Sep 2013 $0.25
MIH Linktone Ltd 13 Sep 2013 $3.60
SMP Smartpay Holdings Limited 4 Sep 2013 $1.31
FTZ Fertoz Limited 22 Jul 2013 16 Aug 2013 2 Sep 2013 $0.20 $0.03 -85%

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