Kaiser Reef leaps at launch

ADRIAN Byass and Jonathan Downes are going back to explore the Stuart Town area of the Lachlan Fold Belt, in a bid to complete efforts they began and abandoned a decade ago with Ironbark Gold, and the market leapt on the story with Kaiser Reef’s stock market debut today.

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Shares in the debutante opened at A23c, ahead of the raising price of 20c, peaking at 26c, with the close at 25c after 2.5 million shares changed hands.

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