Another year of losses for Aussie explorers

IT WAS another strong year for new blood for the Australian resources sector, with almost A$1.4 billion raised for new floats over the past 12 months, with more than 30 new players hitting the bourse, although those backing the floats have again seen a lot of value destruction. 

Another year of losses for Aussie explorers Another year of losses for Aussie explorers Another year of losses for Aussie explorers Another year of losses for Aussie explorers Another year of losses for Aussie explorers
 
 
 
Everblu Capital calculated there had been 86 IPOs or reverse takeovers for the entire ASX in 2018, but just 19 show positive returns, with the average loss being 16.4%.

 

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