Beating around the Bushveld

Shares in South African tin and iron ore explorer Bushveld Minerals enjoyed a decent first day on AIM on Monday, opening at 21.5p and closing at 22.5p, having hit a high of 23.25p at one point.

Shares in South African tin and iron ore explorer Bushveld Minerals enjoyed a decent first day on AIM on Monday, opening at 21.5p and closing at 22.5p, having hit a high of 23.25p at one point.

The owner of the Bushveld iron ore and Mokopane tin projects came to the market having raised £5.7m through a placing of 28.67m new ordinary shares at 20p, so the shares are already trading at a premium to the placing price.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.