Traprock plans fresh IPO

TONY Fawdon’s Traprock Mining will attempt to list on the Australian Securities Exchange in 2018, more than a year on from its last failed tilt, MNN has been told.

Traprock plans fresh IPO Traprock plans fresh IPO Traprock plans fresh IPO Traprock plans fresh IPO Traprock plans fresh IPO

When Traprock 2.0 comes to market it will be “essentially” the same as the last time, just a little further down the road, he said.

Fawdon formed Traprock with his Diatreme Resources exploration manager David Jelley.

He blamed market conditions and a vanishing backer for Traprock’s inability to float in 2017, but he said discussions were ongoing with brokers who are interested in helping the company go public

“The person who was backing us from out of Sydney failed to deliver so we went on the road to shore it up ourselves, but at that time the market had a bit of a tumble, and very quickly we realised that we were never going to get anything away,” he said.

“We extended ...