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Flat start for Minbos

EMERGING phosphate developer Minbos Resources has had a pretty uneventful start to life on the Australian Securities Exchange, closing the day at a slight discount to its A20c issue price after recently raising $8 million in its heavily oversubscribed initial public offering.

MiningNews.Net
Flat start for Minbos

Minbos, which is headed up by former Dyno Noble executive Peter Richards, began trading at 21c, a 5% premium, but that was as high as the stock got for the day, closing its first session at 19.5c with...

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