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State One has Firm Stock

Davenport Resources Limited (DAV)

IPO Offer of 25-30m shares
at A$0.20 per share to raise up to A$6m
Proposing to list on ASX as "DAV" by mid-Dec 2016

Potash (and fertilisers generally) have been commodity laggards over the past few years. Potash is now very much on the radar after:

  • Hancock Prospecting invested $300M in a UK-based potash play
  • AIM-listed Sirius (SXX) shares rose 150% over 12 months
  • ASX-listed Agrimin (AMN) rose 245% over the past 12 months.

Davenport Resources is looking to prove up a significant potash deposit in Germany. The aim is a JORC-compliant Resource within 2-3 years at an exploration cost of just $A5-6M.

Examples of potash plays that have performed well over the past 12 months:

Sirius Minerals (LSE:SXX): +150% over past 12 months
Agrimin (ASX:AMN): +245% over past 12 months

To APPLY FOR STOCK in the Davenport Resources Limited IPO complete the APPLICATION FORM at the back of the Prospectus. For further information on this Offer, please contact your advisor or email [email protected]

Please note: There is a possibility this offering could close oversubscribed, so clients should consider submitting applications promptly.

 
 
 
 
Important Documents
 
 
 
 
Key Dates (subject to change without notice)
 
Offer Opens: 25 Oct 2016
Priority Offers and General Offer Closing: 25 Nov 2016
Broker Firm Offer Closing: 25 Nov 2016
Allotment of Shares: 30 Nov 2016
ASX Trading Commences: 6 Dec 2016
 
 
 
 
  1. Download and review the Prospectus
  2. Refer to the Research Note
  3. Obtain appropriate financial advice (if required)
  4. Detach and complete the Application Form at the end of the prospectus
  5. Return the completed application form by post and pay by one of the following methods:
How to Pay:

Direct Debit: Please complete and return a Direct Debit Request Form to your advisor or State One if you have not already completed a Direct Debit Request Form. All purchases will be deducted from your nominated bank account.
Direct Credit: You can transfer funds directly into the State One Stockbroking Ltd. Trust Account. The account details you require are:
Institution: NAB
Account Name: State One Stockbroking Ltd.
BSB Number: 086 006
Account Number: 486 399 751
Reference: Davenport and your State One account number
BPAY: Call your bank, credit union or building society to make this payment from your cheque or savings account. The BPay Biller Code is 14720. Please contact the State One office for your BPay Reference Number. Please note that the payment cannot be made from a credit card. For more information please view www.bpay.com.au.
Cheque: Make your cheque payable to Davenport Resources Limited and send along with the Application Form to State One Stockbroking Ltd at PO Box 7625 Cloisters Square WA 6850

e: [email protected]
p: 1300 651 898
 
State One Stockbroking