Intelligent Investor

Southern Hemisphere Mining Limited (ASX: SUH) - Float & IPO Details

- Current share price for SUH : $0.040

Southern Hemisphere Mining Limited is an ASX-listed, successful critical minerals explorer in Chile. The company's core activities involve the exploration of Copper, Gold, Moly, Manganese, and Lithium assets. Its flagship asset is at Llahuin, north of Santiago. In the last six months, the company has been actively involved in expanding its Copper resource, which currently stands at 680,000t CuEq.

Southern Hemisphere Mining Limited (SUH) floated on the Australian Securities Exchange (ASX) on Tuesday, 5 January 2010. The company opened its first day of trading with a share price of $0.38 which was up 52% from its offer price of $0.25 per share. The first day of trading for Southern Hemisphere Mining Limited on the ASX saw its share price move between a low of $0.35 and a high of $0.38, before closing at $0.38 per share which was 52% above its original offer price of $0.25 per share.
SUH's current share price of $0.04 is a -$0.21 or 84% discount to its original offer price of $0.25.

SUH Float / IPO Details

Offer Open Date11 Dec 2009
Offer Close Date17 Dec 2009
Listing Date5 Jan 2010
Issue Price$0.25
Amount Raised$8,000,000
Shares Issued (new)32,000,000
UnderwriterEuroz Securities Limited
Consultants
Auditor

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

Current Price$0.04-84%
First Day Open$0.3852%
First Day High$0.3852%
First Day Low$0.3540%
First Day Close$0.3852%
All-time High$0.62148%
All-time Low-100%
12-month High$0.06-75.20%
12-month Low-100%

Other floats & IPOs around the same time as Southern Hemisphere Mining Limited (SUH)

Security Code Company Offer Open Offer Close Listing Issue Price Current Price Gain
XXL XiaoXiao Education Limited 16 Dec 2009 2 Feb 2010 $0.25 $0.11 -56%
CO1 NT Resources Limited 19 Nov 2009 11 Dec 2009 1 Feb 2010 $0.20 $0.12 -40%
ATC Australia Minerals and Mining Group Ltd 13 Oct 2009 26 Nov 2009 27 Jan 2010 $0.20 $0.06 -68.50%
ALX Macquarie Atlas Roads Group 25 Jan 2010 $0.50 $5.55 1,010%
AZI Energia Minerals Limited 24 Nov 2009 15 Dec 2009 24 Dec 2009 $0.20 $0.04 -80%
ABX Australian Bauxite Limited 26 Oct 2009 7 Dec 2009 24 Dec 2009 $0.20 $0.06 -69%
ELT Elementos Limited 16 Nov 2009 7 Dec 2009 23 Dec 2009 $0.25 $0.17 -34%
FHE Ishine International Resources Limited 18 Nov 2009 17 Dec 2009 18 Dec 2009 $0.20 $0.35 75%
PHO Victorian Gold Mines NL 9 Nov 2009 4 Dec 2009 17 Dec 2009 $0.20 $0.06 -69%
AIR Astivita Renewables Limited 30 Oct 2009 9 Dec 2009 16 Dec 2009 $0.50 $0.60 20%
AUC Ausgold Limited 19 Nov 2009 4 Dec 2009 16 Dec 2009 $0.20 $0.03 -86%
TKA Tusker Gold Limited 19 Nov 2009 4 Dec 2009 16 Dec 2009 $0.20 $0.79 292.50%
AZO Apollo Gas Limited 17 Nov 2009 4 Dec 2009 15 Dec 2009 $0.20 $0.80 300%
SPR Gascoyne Resources Limited 2 Nov 2009 25 Nov 2009 11 Dec 2009 $0.20 $0.62 208.75%
SXR Skywest Airlines Ltd 8 Dec 2009 $0.44

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