CAPITAL MARKETS

Godolphin recovers stride after debut dip

ARDEA Resources spin-off Godolphin Resources made its market debut today, but despite a lot of renewed interest in the potential of New South Wales for big copper-gold discoveries, the demerger did not initially impress the markets.

Lewis Ponds.

Lewis Ponds.

While Godolphin successfully raised A$7.5 million, closing early in a raising aided by Sydney-based Panthea Capital, the junior's stock fell to a low of 17.5c during the session, before peaking at 21c,...

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