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Peter Cook says Nelson plans to undertake targeted exploration programs.

Nelson makes ASX debut

Minerals explorer Nelson Resources started trading on the ASX today after raising $5 million from investors by way of an initial public offer.

The Perth-based company raised the funds through the issue of 25 million shares at 20 cents each, with one free attaching option for every two shares.

Nelson’s shares were trading at 20 cents at 2pm AEDT after going live at 1pm.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/11/17

1 year TSR5 year TSR
thWestgold Resources0%0%
46thOM Holdings343%21%
201stSaracen Mineral Holdings57%28%
394thSandfire Resources11%-4%
485thIndependence Group-2%-1%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

10th↓Sandfire Resources$534.7m
11th↑OM Holdings$474.3m
12th-Westgold Resources$438.5m
13th↓Independence Group$424.1m
14th↑Saracen Mineral Holdings$423.2m
491 listed resources companies ranked by revenue.
Source: Morningstar

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