Watch List Update: MZR and NXS added.

next science mont royal.jpg

A quick Monday morning update with the latest watch list movements, as we see 2 new additions to kick off the week.

Mont Royal Resources Limited (MZR) and Next Science Limited (NXS) are now listed as coming to market May 15 and April 29 respectively. Expect to pay the obligatory 20 cents for MZR as it seeks to mine Gold in WA, while NXS will set you back $1 per share.

NXS is an interesting one, the company aims to “commercialise and develop its Xbio technology, which is a non-toxic technology with proven efficacy in eradicating both biofilm based and free-floating bacteria, in a range of products for the treatment of biofilm based infections.”

You can take a look through the NXS prospectus here.

Watch List Update: AAM withdrawn, TIP added.


There’s no new IPOs scheduled to go live today but there has been a couple of updates to the watch list overnight that are worth noting.

Australian Industrial Minerals (AAM), which had only been on the list a short time, is now listed as Withdrawn. Neither the ASX announcements or the company site shows any obvious detail regarding this currently.

In better news, Teaminvest Private Group Limited (TIP) has been added to the list, this is quite an interesting one for those of you involved in private equity firms and the like, you can take a closer look at the prospectus here.

Canterbury gets off to uninspiring start.


After quite a wait, Canterbury Resources Limited (CBY) has joined the ranks today, opening at 25 cents vs the IPOs 30 cent ask.

It could be worse, but it’s not exactly the type of start we like to see to an IPO, but given the delays it’s hardly surprise.

Canterbury first lodged a Prospectus all the way back in September last year and ended up with with an unusually high 5 supplementary documents before finally making it to market.

African Gold showed us there’s still interest in Resource stocks, but interest appears to be quite low in this one. We’ve updated the 2019 Scorecard to make it easier to see if this one lifts and we’ll keep an eye on it over the course of the day and update as necessary.

EDIT: Looks like it clawed some back this afternoon, to finish just short of the ask on day 1.