The flood of initial public offers on the Australian bourse of recent times may be reduced to a trickle in the first half of 2008, as investors and company vendors seek clarity on the direction of equities markets, interest rates and the US economy.
Nedlands-based Lodestar Minerals Ltd, a subsidiary of Dioro Exploration Ltd, has launched its prospectus, aiming to raise $5 million in its initial public offer to pursue nickel exploration over Dioro's Penfolds project.
The booming advisory market in Perth is creating some musical chairs among the key players, with corporate lawyer Justin Mannolini heading to Gresham Advisory Partners Ltd, prompting Freehills to fill the vacancy by appointing a new partner, Simon Reed.
Perth entrepreneur and former University of WA academic Dr Bruce Gray has commenced further legal action against the company he established, Sirtex Medical Ltd, claiming unreasonable restraint of trade.
In a week where three Western Australian resources companies made their debuts on the Australian Securities Exchange, Leederville-based gold explorer Midwinter Resources NL has come out on top - up 72 per cent on its offer price.
One of the many Western Australian law firms to benefit from the local resources boom has recognised an opportunity on another continent where local miners are prominent.
Minter Ellison’s Perth office has established an African centre of excellence to
UK-based industrial services company Cape plc’s local spending spree looks set to hit more than $430 million in the past few months after securing acceptance from the board of its latest target PCH Group Ltd.
UK-based industrial services company Cape plc looks set to complete its third WA-focused takeover in as many months after scaffolding and form-work supplier PCH Group Ltd accepted a sweetened $247 million offer.