Yandal supported on debut

NORTHERN Star Resources-backed Yandal Resources hit the Australian Securities Exchange today, and immediately rose above its listing price despite its tightly-held structure where around 80% of the company is controlled by the top 20 shareholders.

Yandal supported on debut Yandal supported on debut Yandal supported on debut Yandal supported on debut Yandal supported on debut

Yandal is looking around the giant Jundee mine.

It is not surprising there was minimal trading, with less than 80,000 shares sold in the first hour, to deliver a closing price of A22c after a mere 130,000 shares changed hands.