Blackwood, Resolve forced to defer coal listings

Neighbouring coal juniors Blackwood Coal and Resolve Energy have been forced to pull their late-2011 coal IPOs because of the poor market conditions.

Dan Hall

Updated Dec 20, 2011 – 2.59am, first published at Dec 19, 2011 – 7.19am

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Neighbouring coal juniors Blackwood Coal and Resolve Energy have been forced to pull their late-2011 coal IPOs because of the poor market conditions.

Poor market conditions saw the Owen Hegarty-backed Tigers Realm Coal reduce its raising from a $200 million roar to a $37.5 million squeak in August.

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