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Red Gum debuts underwater

SOUTH America-focused explorer Red Gum Resources has sunk on its first day of trading on the Aust...

Kristie Batten

Shares debuted this afternoon but quickly dropped below the A20c issue price to an intraday low of 15c, before closing on 16c, a 20% discount, on volume of almost 2.3 million shares. The Adelaide-based...

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