We think this Initial Public Offering: Askari Metals IPO (AS2.ASX) Will be Epic! https://www.askarimetals.com. Late last week Askari Metals issued their prospectus to list on the ASX under the ticker code AS2.ASX.

Askari Metals IPO

The prospectus is dated 10th May and is set to raise up to $6 million with a minimum of $5 million at 20c a share.

Askari boasts a massive five 100% owned copper and gold projects, located in the lucrative Lachlan Fold Belt of NSW and WA. Most of these are in close proximity to large deposits and other mines. Previous drilling has identified high-grade copper and gold with significant exploration upside potentials.

Askari Metals IPO Facts

Offer price$0.20
Total number of shares available under the offer25,000,000 – 30,000,000
Enterprise Value$2.77 Million
Proposed ASX codeASX: AS2
Target market cap$7,770,000 – $8,770,000
Lead ManagerPeak Asset Management
Retail offer opens18 May 2021
Retail offer closes8 June 2021
Expected listing on ASX7th July 2021, 11:00am
Askari Metals IPO Capital Structure

Exciting Projects

The project that we are most excited about is the Callawa Copper project, located in Western Australia. This project is located in the Ashburton Goldfields of WA, with significant infrastructure located nearby. This project is also in close proximity to the recently discovered Winu Copper-Gold discovery held by Rio-Tinto (ASX:RIO)

With the price of copper absolutely mooning right now, we think Askari Metals (AS2.ASX) will be going public at a great time. Goldman Sachs is even going as far as say “Copper is the New Oil” read their full copper analysis here.

Indicative Capital Structure

Askari plans to IPO with an Enterprise Value of $2.77million at the IPO price of 20c. This is extremely low and may represent a significant upside to investors. This is being managed by the experienced group at Peak Asset Management.

Prophets Trusted Affiliate Partner
Askari Metals IPO,
Source: Investor Presentation

Askari Metals IPO: Prophet’s Take

We think Askari Metals (AS2.ASX) has the right ingredients and management team to make this a stellar investment. We are currently positioned in a cyclical upswing in commodity prices in both Gold and Copper. This, combined with NSW and WA’s stable, safe, and mining-friendly locations with significant historic gold production from the Springdale Gold Project, have us very excited about the opportunity.

Prophet is bullish on Askari Metals and has purchased a significant portion of shares during IPO. (AS2.ASX)

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Initial Public Offering Askari Metals Will Be Epic

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Introducing our latest and one of our largest portfolio holdings Askari Metals (AS2). 

The Company has 5 prospective copper-gold projects in tier 1 mining jurisdictions in nearology to mining giants.

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