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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.

Haydn Black
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 1.5 million shares that...

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