GOLD
A month after its shares were suspended, embattled miner Blackham Resources returned to the market on Tuesday after announcing late on the previous day that it would raise A$36-million in a rights issue. Shares in the cash-strapped company, which operates the Matilda-Wiluna gold mine in Western Australia, were hammered when trading resumed, opening the day at 5.7c before falling to 4.6c a share. By late in the afternoon, the stock fetched 7.4c – down 30% on the closing price of 10.5c a share before its voluntary suspension on December 14.
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