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Cap Raise Crucible: Gold books, big fees and bruised punters
Argonaut and Barrenjoey shared lead roles in Wiluna Mining’s $180 million float as eight of 10 recent issues traded below their offer prices, brokers said.
Argonaut led $225m of gold raisings; however, Wiluna plunged 22.3%. With eight of our ten featured stocks underwater, brokers’ fees and options stole the Cap Raise Crucible spotlight.