OD6 attracts funds, dragged down by selling

WHILE on paper OD6 Metals has enough going for it that investors, and clients of Canaccord Genuity, thought it encouraging to back a fully subscribed A$8 million initial public offer, its IPO backers were left with paper losses.

OD6 attracts funds, dragged down by selling OD6 attracts funds, dragged down by selling OD6 attracts funds, dragged down by selling OD6 attracts funds, dragged down by selling OD6 attracts funds, dragged down by selling

OD6 directors Mitch Loan, Darren Holden, Brett Hazelden and Piers Lewis

It sought a minimum $6 million in its IPO at 20c to explore for rare earth elements in Western Australia's Esperance region, but the shares opened 25% underwater and fell to a low of 14.

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