WESTERN Australia's initial public offerings market is continuing to show signs of strength after a hot close to 2010, with four WA-based minerals exploration companies looking to join the Australian Securities Exchange next month after lodging prospectus
Investors' appetite for gold-related plays is on the up, with Crescent Gold the latest in a string of Western Australia-based gold explorers and miners to report an overabundance of interest in its latest capital raising.
With 10 out of 11 Western Australian resources-focused listings from December 2010 trading above their issue price, 2011 promises to be a strong year for minerals-related investment.
Northbridge-based Impact Minerals has announced plans to spin-out its Queensland gold assets into a new company, Invictus Gold in a proposed $3 million to $4 million Initial Public Offering.
