Steady as she goes for Aldoro.

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Yet another resource based IPO went live today with Aldoro Resources (ARN) beginning trade around midday.

In what should be considered a fairly decent outcome given recent performance by IPOs in this sector, Aldoro managed to surpass its initial ask of 20 cents, kicking off at 21.5 cents at open.

We’d expect to see a bigger move in prices once Aldoro gets some results from its Ryans Find, Kalgarin, Cathedrals and Leinster Projects, so be sure to check the 2018 scorecard for further updates.