With 19 resource IPO's hitting the ASX boards between December 2010 and January 2011, Proactive Investors Australia are here to provide a performance review twelve months in - plus a little history of what the companies were initially focused on.
To also highlight the volatility in the newly minter sector, the share price from six months ago will also be included.
Five of the 19 are trading higher, with one unchanged and 13 lower - potentially providing an opportunity due to the now lower entry price compared to the IPO.
The IPO's are reviewed in order from biggest percentage increase to biggest fall, over the period.
Fortis Mining (ASX: FMJ)
IPO Offer: $0.20
Current price: $1.00
Price change: 400% increase
Price six months ago: $2.09
Fortis Mining (ASX: FMJ) is focused on potash and is currently in the process of acquiring some Kazakhstan Potash Mines.
Sheffield Resources (ASX: SFX)
IPO Offer: $0.20
Current price: $0.36
Price change: 80% increase
Price six months ago: $0.30
Sheffield Resources (ASX: SFX) is focused on bulk mineral exploration in Western Australia.
IPO Offer: $0.20
Current price: $0.30
Price change: 50% increase
Price six months ago: $0.26
Radar Iron (ASX: RAD) has key assets including iron ore rights to tenements in the highly prospective central Yilgarn region of Western Australia.
Kidman Resources (ASX: KDR)
IPO Offer: $0.20
Current price: $0.27
Price change: 35% increase
Price six months ago: $0.33
Kidman Resources (ASX: KDR) is targeting copper, gold and rare earth elements, and wholly owns 9 tenements covering 790 square kilometres in New South Wales and the Northern Territory.
Six of these tenements are in the Lachlan Fold Belt of New South Wales, with the company having identified 26 targets, with results including; 18 metres at 1.2% copper.
Glory Resources (ASX: GLY)
IPO Offer: $0.20
Current price: $0.215
Price change: 7% increase
Price six months ago: $0.21
Glory Resources (ASX: GLY) has acquired 100% of Quetico Resources Pty Ltd, which is the owner of Canadian company Quetico Resources Ltd., and has the right to earn an interest of up to 75% of a Canadian project known as Onion Lake.
Attila Resources (ASX: AYA)
IPO Offer: $0.20
Current price: $0.20
Price change: no change
Price six months ago: $0.53
Attila Resources (ASX: AYA) is targeting gold and coal in Western Australia, and has secured options to acquire mining tenements located in the northern Perth Basin and the Paddington-Kalgoorlie-Kambalda gold belt.
IPO Offer: $0.26
Current price: $0.24
Price change: 8% fall
Price six months ago: $0.38
Universal Coal (ASX: UNV) is an emerging near-term thermal coal production and development company with assets in South Africa. In January BGF Equities placed a $1.00 target on the company.
Incremental Oil and Gas (ASX: IOG)
IPO Offer: $0.30
Current price: $0.27
Price change: 10% fall
Price six months ago: $0.33
Incremental Oil and Gas (ASX: IOG) is a producing oil and gas company and its strategy is to identify and acquire low risk, underperforming oil fields and apply modern techniques to increase production and recoveries.
Delta SBD (ASX: DSB)
IPO Offer: $0.80
Current price: $0.715
Price change: 11% fall
Price six months ago: $0.83
Delta SBD (ASX: DSB) is a mining services business, focused on assisting resource owners in New South Wales and Queensland to extract coal from underground mines.
Riedel Resources (ASX: RIE)
IPO Offer: $0.20
Current price: $0.17
Price change: 15% fall
Price six months ago: $0.14
Riedel Resources (ASX: RIE) has assets which include a portfolio of gold, copper and nickel projects and significant land holdings in Archaean and Proterozoic areas in Western Australia.
Cove Resources (ASX: CVE)
IPO Offer: $0.20
Current price: $0.165
Price change: 18% fall
Price six months ago: $0.20
Cove Resources (ASX: CVE) is focused on gold in Western Australia, and has entered into agreements to explore and earn up to a 100% equity interest into four projects.
Octagonal Resources (ASX: ORS)
IPO Offer: $0.25
Current price: $0.17
Price change: 32% fall
Price six months ago: $0.17
Octagonal Resources (ASX: ORS) has gold operations in the central Victorian goldfields and the eastern goldfields of Western Australia.
Fitzroy Resources (ASX: FRY)
IPO Offer: $0.20
Current price: $0.125
Price change: 38% fall
Price six months ago: $0.23
Fitzroy Resources (ASX: FRY) targeting base metals at the Rookwood and Glentanna projects. Rookwood contains the Develin Creek Resource within an established VHMS base metal system, which the company considers to have potential for further exploration success.
Xanadu Mines (ASX: XAM)
IPO Offer: $0.60
Current price: $0.36
Price change: 40% fall
Price six months ago: $0.49
Xanadu Mines (ASX: XAM) acquired 100% of the Galshar coal project in June 2010. The exploration target at the project is 200 million tonnes of thermal coal, with drilling showing low ash and low sulphur over a seam up to 21 metres thick.
Thomson Resources (ASX: TMZ)
IPO Offer: $0.20
Current price: $0.105
Price change: 48% fall
Price six months ago: $0.19
Thomson Resources (ASX: TMZ) main aim is exploration within the Thomson Fold Belt of northern New South Wales. The company said its prospects has the potential for large, Cobar-type deposits.
Invictus Gold (ASX: IVG)
IPO Offer: $0.20
Current price: $0.08
Price change: 60% fall
Price six months ago: $0.11
Invictus Gold (ASX: IVG) has five wholly owned projects that include large and strategic landholdings in the Drummond Basin and elsewhere in Queensland, which are prospective for gold, gold-silver, gold-copper, molybdenum and tin.
Sentosa Mining (ASX: SEO)
IPO Offer: $0.20
Current price: $0.08
Price change: 60% fall
Price six months ago: $0.22
Sentosa Mining (ASX: SEO) is targeting Australian and Southeast Asian gold and copper projects.
Wah Nam International (ASX: WNI)
IPO Offer: $0.20
Current price: $0.06
Price change: 70% fall
Price six months ago: $0.19
Wah Nam International (ASX: WNI) has a focus on iron ore in the Pilbara.
Centius Gold (ASX: CNS)
IPO Offer: $0.20
Current price: $0.06
Price change: 70% fall
Price six months ago: $0.15
Centius Gold (ASX: CNS) is looking to capitalise on the sustained high gold price and the exploitation of modern gold mining techniques for gold exploration in eastern Australia.
Exploration is focusing on gold, and porphyry copper-gold deposits, across ten old wholly owned gold fields covering 1642 square kilometres.
If you would like more IPO articles, let us know and email; john@proactiveinvestors.com.au