Coolgardie off to a slow start.


After having seen an over subscription to its IPO, Coolgardie Minerals (CM1) joined the ASX today amid substantial interest. 

Asking a fairly standard 20 cents during the float, shares began trading immediately at 16.5 cents despite the buzz generated by the IPO. 

Unlike other recent resource listings, Coolgardie already has some runs on the board and investors were looking forward to sinking their teeth into something with a little more substance.

It's early days yet, so keep tabs on Coolgardie via the Scoreboard as we'll be adding it shortly.