Failure to Launch


Sure, the fine print tells us that listings dates are proposed/anticipated dates for first quotation of securities set out in the entity's prospectus or information memorandum and that we may not rely on this information in any way, but that doesn't mean we're not disappointed. 

In the last week we've seen Tempus, AMD, Aldoro, Black Dragon Corp, and now Sultan Resources all fail to begin trading as listed in the prospectus. There's been no official word from anyone as to when, if ever they'll begin trade.

We'll do our best to tabs on them all, but we're generally looking forwards rather than backwards.

Let us know in the comments if you invested in any of these resource sector IPOs and what, if anything, you've been advised to date.