CAPITAL MARKETS

Kumova-backed Firebird's stratospheric start

TOLGA Kumova-backed manganese hunter Firebird Metals completed its demerger from parent company and refocused gold explorer Firefly Resources yesterday, with its shares one of the biggest movers.

 Firebird is looking for manganese in the Pilbara

Firebird is looking for manganese in the Pilbara

The company completed a A$5.5 million raising at 20c, but opened at 46c, soaring to 60c before closing up 198% at 59.5c, valuing it at $32.5 million.   Kumova is the largest shareholder at 9.04%, ahead...

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