Australasian trades at dip after debut

AUSTRALASIAN Gold was the latest explorer to ride the wave of interest in the local precious metals space, successfully raising A$5.5 million at 60c, having issued a prospectus seeking $4-6 million in March.

Australasian trades at dip after debut Australasian trades at dip after debut Australasian trades at dip after debut Australasian trades at dip after debut Australasian trades at dip after debut
Shares in the explorer dropped early, opening down 12.5%, and touching a low 16c before closing at down 15% at 17, reducing its capitalisation to $8 million.
 
The bulk of the 1.

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