Intelligent Investor

Lanthanein Resources Ltd (ASX: LNR) - Float & IPO Details

- Current share price for LNR : $0.005

Lanthanein Resources Ltd (LNR , formerly Frontier Resources Limited ) focused on Rare Earth Elements and battery metals, directly in line with global push for carbon neutrality driven by renewable energy (particularly wind turbine) installations and Electric Vehicle adoption driving global demand for the combination of rare earths.

Lanthanein Resources Ltd (LNR) floated on the Australian Securities Exchange (ASX) on Wednesday, 9 April 2003.
LNR's current share price of $0.01 is a -$0.20 or 97.50% discount to its original offer price of $0.20.

LNR Float / IPO Details

Offer Open Date9 Jan 2003
Offer Close Date26 Mar 2003
Listing Date9 Apr 2003
Issue Price$0.20
Amount Raised$2,322,640
Shares Issued (new)13,963,701
Underwriter
Consultants
AuditorPricewaterhouseCoopers

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

Current Price$0.01-97.50%
First Day Openn/an/a
First Day Highn/an/a
First Day Lown/an/a
First Day Closen/an/a
All-time High$9.754,775%
All-time Low-100%
12-month High$0.03-87.50%
12-month Low-100%

Other floats & IPOs around the same time as Lanthanein Resources Ltd (LNR)

Security Code Company Offer Open Offer Close Listing Issue Price Current Price Gain
PPN The Daily Planet Limited 29 Nov 2002 4 Apr 2003 1 May 2003 $0.50 $0.20 -60%
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%
RMS Ramelius Resources Limited 13 Nov 2002 28 Feb 2003 31 Mar 2003 $0.20 $2.12 960%
RC1 Great Pacific Capital Limited 22 Oct 2002 19 Nov 2002 21 Mar 2003 $1.00 $0.02 -98.10%
AUH Lodestone Exploration Limited 10 Jan 2003 5 Mar 2003 17 Mar 2003 $0.20 $0.00 -98.50%

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