Tao finds its way after tortured IPO process

AFTER a marathon listing process, Tao Commodities finally hit the Australian Securities Exchange, after a more-than-usual tortured initial public offer process that involved two replacement prospectuses, two supplementary disclosures and one last minute attempted termination of an asset deal.

Tao finds its way after tortured IPO process Tao finds its way after tortured IPO process Tao finds its way after tortured IPO process Tao finds its way after tortured IPO process Tao finds its way after tortured IPO process

Milford has seen mining since the 1800s.

Tao had hoped to list by October 31, but its prickly path to market was a horror show that took six months longer than expected, however the Tao team can console itself that, after the shares hit the market yesterday, the company and its zinc-gold project in Utah found some love.
 
Tao shares initially hit the bourse at A24c, above the 20c offer price, and its vacillated between a high of 25c before closing at a low of 23.5c valuing it at $5.6 million.
 
Around 1.37 million shares changing hands worth some $770,000.
 
After some initial issues with its first prospectus in September, primarily around the role of backer GTT Ventures, Tao believed it had finally raised the $4.7 million it wanted in ...

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