Does any one know about the poor performance of Marmota Energy ?
It is heavily discounted at 15-16 cents on listing (20 Nov) against issue price of 25 cents.
The IPO got oversubscribed and Commsec closed its book within 2 days since it published about this IPO on 13 November.
Is it due to any apprehension of restriction from forthcoming Labour Government and its nuclear ban policy ?
It is very rare with Commsec sponsored issue to be discounted at a such low price.
Or is it a good time to buy this at such a discount ?
Do not know- asking the experts in this forum who regularly follow uranium shares.