CAPITAL MARKETS

Mandrake fails to cast a spell

FRESHLY-minted Mandrake Resources failed to cast a spell on the market today, having kicked off its new life as an explorer in the Pine Creek region of the Northern Territory, with its shares closing at A2c, the level of its capital raising.

 The remote Berinka project has limited exploration.

The remote Berinka project has limited exploration.

Following the recapitalisation of Bronson Group and a $4.5 million capital raising, the company's 290 million post-consolidation shares hit the bourse this morning at 2.6c before falling as low as 1.8c...

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