Resources Stocks Down Under 6 May 2021: Tulla Resources, Genmin, Global Energy Ventures
Tulla Resources: Benefiting from the float that bombedIn today's edition of Resources Stocks Down Under, Tulla Resources recently went public on the ASX to develop its Central Norseman Gold Project in Western Australia. The company priced its IPO at 90 cents and was able to raise $78m. However, the stock started listed life on 18 March 2021 at just 69 cents and it has since been as low as 48 cents. We think contrarians can do well on this one given the large resource base being worked on at Central Norseman, the project’s advanced nature and the low capital costs. Also in today's edition, a look at iron ore miner Genmin (ASX: GEN) and CNG producer Global Energy Ventures (ASX: GEV).
Click here to read the previous edition of Resources Stocks Down Under published 29 April 2021
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