This is for information only. I am not spending too much time on this as it is already listed.
Anchor Resources Limited ("Anchor Resources" or the "Company") placed out 28.8m shares at $0.25 each. The market cap is ~$69.9m based on the IPO price.
The Company is engaged in the business of exploration, mining and production of gold for sale in Malaysia. It is headquartered in Malaysia with concession rights to the Lubuk Mandi Mine and the Bukit Panji Property in Terengganu.
Competitive Strengths (per the prospectus)
Prospects (per the prospectus)
Future Plans (per the prospectus)
My Views
I was pretty surprised to read about the Company's listing in March. Even the more promising Deskera postponed its listing due to poor market sentiments. The share price tumbled from 25 cents at launch to 14.3 cents yesterday, a whopping drop of 42.8%! I pity the investors ...
