The traditional December float rush makes little sense. As more investors switch off for the year, along comes an annual blast of initial public offerings (IPOs). Many companies try to squeeze their float in before year’s end, knowing investors are much harder to reach in January and that by February the market’s focus is on half-year profits. But the IPO rush also creates opportunity.
Recently-listed Stratum Metals (ASX: SXT) has acquired two additional prospective thermal coal tenements adjacent to its existing holdings in the Canning Basin in Western Australia.
Proactive Investors Australia article by Jeff Coote – Wednesday, November 23, 2011
A successful restart of the Mount Windarra mine by Poseidon Nickel Co., would mark Forrest’s return to nickel mining after quitting the board of Anaconda Nickel in 2002 and founding Fortescue Metals Group, Australia’s third-largest iron ore company.
Proactive Investors Australia article by John Phillips – Tuesday, October 25, 2011
Wall Street Ledger interview with Mr. Martin Holland, managing director Stratum Metals Limited. Click play above or Visit Wall Street Ledger.
Stratum Coal asset is 9 day’s closer to India by Ship then the East Coast Coal producers.
India’s insatiable demand for energy is forcing it to look abroad for help. Ben Doherty reports from Dehli.
As most floats struggle to raise capital, a 29-year-old finance entrepreneur, Martin Holland, has closed the
Stratum Metals offer within days of its launch.