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Copper play Cobre readies blue sky IPO pitch

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While tech sector listings are hogging the limelight, there's an old-fashioned minerals exploration float out of Western Australia that is getting a few brokers and potential investors a bit excited.

The initial public offering contender is copper exploration company Cobre Pty Ltd, which is the 80 per cent owner of Toucan Gold Pty Ltd and has a bunch of tenements in the Panhandle and Illaara Greenstone Belts in WA.

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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Original URL: https://www.afr.com/street-talk/copper-play-cobre-readies-blue-sky-ipo-pitch-20191008-p52ykz