Bids are Starting to Show UpPremarket this morning, March 16th, we see 200000 shares bid at $.25. That's $50k looking to be invested in KCC.
I wonder if this could be someone who wanted in on the ASX IPO, found it to be sold out, and has either missed out entirely or has been cutback on the amount they wanted. We will have to wait for a week or so to get confirmation of demand for the IPO, but a bid like this, to my way of thinking, could be a good indicator.
If KCC opens on the ASX in a similar fashion to what happened with Benz Mining back in December, anything under $.40 might look like a bargain!
Benz priced their IPO at $.50 and the stock opened well over $1.00.
Chip