Intelligent Investor

Metals X Limited (ASX: MLX) - Float & IPO Details

Current share price for MLX : $0.440 0.03 (6.38%)

Metals X Limited (MLX) is involved in operation of tin and copper mines in Australia and exploration and development of base metals projects in Australia.

Metals X Limited (MLX) floated on the Australian Securities Exchange (ASX) on Thursday, 26 August 2004. The company opened its first day of trading with a share price of $0.40 which was up 58.46% from its offer price of $0.25 per share. The first day of trading for Metals X Limited on the ASX saw its share price move between a low of $0.39 and a high of $0.48, before closing at $0.48 per share which was 91.63% above its original offer price of $0.25 per share.
MLX's current share price of $0.44 is a $0.19 or 76% premium to its original offer price of $0.25.

MLX Float / IPO Details

Offer Open Date9 Aug 2004
Offer Close Date24 Aug 2004
Listing Date26 Aug 2004
Issue Price$0.25
Amount Raised$21,500,000
Shares Issued (new)86,000,000
UnderwriterThe Offer is not underwritten.
ConsultantsNorthwind Resources Pty Limited
AuditorErnst & Young

MLX Float / IPO Performance (relative to an issue price of $0.25)

Current Price$0.4476%
First Day Open$0.4058.46%
First Day High$0.4891.63%
First Day Low$0.3954.78%
First Day Close$0.4891.63%
All-time High$1.93672%
All-time Low-100%
12-month High$0.52108%
12-month Low$0.250%

Other floats & IPOs around the same time as Metals X Limited (MLX)

Security Code Company Offer Open Offer Close Listing Issue Price Current Price Gain
AHC TSV Holdings Limited 26 Aug 2004 14 Sep 2004 24 Sep 2004 $0.20 $0.20 -2.50%
TD1 Avexa Limited 23 Sep 2004 $0.00
PRU Perseus Mining Limited 14 Jul 2004 16 Aug 2004 22 Sep 2004 $0.20 $2.32 1,060%
BWD Matilda Minerals Ltd 3 Aug 2004 30 Aug 2004 15 Sep 2004 $0.20 $0.08 -60%
MRD AXG Mining Limited 17 Mar 2004 1 Sep 2004 15 Sep 2004 $0.20 $0.00 -99.25%
LNG Liquefied Natural Gas Limited 6 Aug 2004 17 Sep 2004 14 Sep 2004 $0.20 $0.04 -78.50%
AQX CreatableMedia Limited 5 Jul 2004 30 Jul 2004 9 Sep 2004 $0.20 $0.01 -97.50%
1AI Living Cells Technologies 26 May 2004 23 Jun 2004 1 Sep 2004 $0.20 $0.01 -95%
MBH Jumbuck Entertainment 25 May 2004 18 Jun 2004 27 Aug 2004 $0.20 $0.08 -60%
SOM Somnomed 29 Jul 2004 20 Aug 2004 27 Aug 2004 $0.30 $0.21 -30%
MZI Olympia Resources Limited 26 Jun 2004 30 Jul 2004 26 Aug 2004 $0.20 $0.02 -92%
AHU Allco Hybrid Investment Trust 13 Jul 2004 11 Aug 2004 20 Aug 2004 $1.00 $4.00 300%
BKN Bradken Limited 16 Aug 2004 17 Aug 2004 18 Aug 2004 $2.40 $3.24 35%
smn Structural monitoring systems plc 8 Jul 2004 22 Jul 2004 16 Aug 2004 $0.25 $0.39 56%
XCD Entek Energy Ltd 2 Jul 2004 30 Jul 2004 16 Aug 2004 $0.20 $0.01 -94.50%
DUE Diversified Utility and Energy Trusts 19 Jul 2004 13 Aug 2004 13 Aug 2004 $2.18 $3.02 38.53%
TMS Blina Diamonds 23 Jul 2004 13 Aug 2004 $0.30 $0.02 -92%
FGL Shieldliner Limited 17 May 2004 14 Jul 2004 10 Aug 2004 $0.25 $0.11 -56%
moc Mortgage Choice 7 Jul 2004 28 Jul 2004 10 Aug 2004 $1.05 $1.95 85.71%
BPH Biopharmica Limited 20 May 2004 16 Jul 2004 6 Aug 2004 $0.20 $0.02 -90%
OMC OmegaCorp Limited 19 May 2004 28 Jul 2004 6 Aug 2004 $0.20 $1.27 535%
PPC Peet and Company 2 Jul 2004 20 Jul 2004 5 Aug 2004 $1.20 $1.19 -0.83%
STX Strike Oil Limited 24 Jun 2004 29 Jul 2004 5 Aug 2004 $0.20 $0.20 0%
MVU Matrixview Limited 28 Jun 2004 9 Jul 2004 5 Aug 2004 $0.50 $0.02 -96.80%
WC8 Australis Aquaculture Limited 3 Jun 2004 14 Jul 2004 4 Aug 2004 $0.25 $0.49 94%
MOG Moby Oil & Gas Ltd 27 May 2004 7 Jul 2004 29 Jul 2004 $0.20 -100%
LIP Lipa Pharmaceuticals 28 Jun 2004 13 Jul 2004 29 Jul 2004 $1.50 $0.95 -37%
PTR Petratherm Ltd 19 May 2004 24 Jun 2004 27 Jul 2004 $0.20 $0.03 -87.50%

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