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on Wednesday delayed its listing date in the city by a day from the June 9 date originally scheduled. The Hong Kong public offer, which accounts for 10% of the 5.716 billion shares being sold, is now rescheduled to run between May 30 and June 2, a change from the previous May 26 to May 31 timetable. It wasn't immediately clear why the timetables for the share sale were extended by the time. The investor education, or roadshow where bookbuilding takes place, was extended till June 2. The roadshow, which began May 17, was originally scheduled to end on Tuesday. Resourcehouse Chief Executive Officer Clive Palmer told a media conference that the launch of the public offering was delayed as his doctor advised him to take days off because of the hectic roadshow schedule. But he noted that there has been "very good response" from investors in the U.S and Europe during the roadshows of its institutional tranche so far, and he has no plan to reduce its fundraising size from the Hong Kong IPO. "We've been travelling in the United States and Europe..for the moment there's no thought of cutting anything," Palmer said. Resourcehouse had a net loss of A$2.9 million for its first half ended Dec. 31 and expects its net loss for the 2011 fiscal year to be no more than A$15 million, according to its prospectus. Resourcehouse had a net loss of A$15.33 million for the year ended June 30, 2010 and a A$1.7 million net loss the previous year. Last June, the Hong Kong stock exchange revised the listing rules so that mining companies that can show a "meaningful portfolio of resources" could list even without a net profit or cash flow. Russian miner IRC Ltd. (1029.HK), the iron-ore unit of London-listed Petropavlovsk PLC (PPLKY, POG.LN), was the first foreign miner to take advantage of that rule when it raised US$241 million in an IPO in October. Resourcehouse, which currently has no commercial operations, plans to use a large part of the proceeds from the IPO to fund a thermal coal project in Central Queensland and an iron ore project in Western Australia, according to its prospectus. Both projects are scheduled to start first commercial production in 2014, the company said. Palmer expects the company will turn profitable on earnings before interest, taxes, depreciation, and amortization, or EBITDA, basis from the second quarter of 2015, when its projects start to generate revenue. The current offering is the miner's fourth attempt at a Hong Kong listing since 2009. Most recently, Resourcehouse postponed plans to raise around US$3 billion
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