Intelligent Investor

Sultan Resources Limited (ASX: SLZ) - Float & IPO Details

- Current share price for SLZ : $0.012

Sultan Resources Ltd (SLZ) has built a portfolio of mineral exploration projects in Western Australia that are prospective for gold, copper, nickel and cobalt. SLZ's projects are comprised of the East Tallering, Dalwallinu, Thaduna, Lachlan Fold Belt and Lake Grace Projects. Sultan is focused on delivering shareholder value through exploring and developing these projects as well as identifying and acquiring any new opportunities to add to its portfolio.

Sultan Resources Limited (SLZ) floated on the Australian Securities Exchange (ASX) on Thursday, 16 August 2018. The company opened its first day of trading with a share price of $0.20 which was down 2.50% from its offer price of $0.20 per share. The first day of trading for Sultan Resources Limited on the ASX saw its share price move between a low of $0.19 and a high of $0.20, before closing at $0.19 per share which was 5% below its original offer price of $0.20 per share.
SLZ's current share price of $0.01 is a -$0.19 or 94% discount to its original offer price of $0.20.

SLZ Float / IPO Details

Offer Open Date3 Jul 2018
Offer Close Date27 Jul 2018
Listing Date16 Aug 2018
Issue Price$0.20
Amount Raised$5,000,000
Shares Issued (new)25,000,000
Underwriter
Consultants
AuditorRSM Australia Partners

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

Current Price$0.01-94%
First Day Open$0.20-2.50%
First Day High$0.200%
First Day Low$0.19-7.50%
First Day Close$0.19-5%
All-time High$0.3257.50%
All-time Low-100%
12-month High$0.06-70.50%
12-month Low-100%

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