Thursday, March 17, 2016

Anchor Resources

Anchor Resources (S$0.25) - Trading to commence 18/3, 9am

- Expect some fireworks on the debut of this gold miner
- Plays to the current market sentiment of low rates, cheaper USD, gold prices are expected to maintain its upward trajectory
- Gold prices have surged 18.7% YTD to US$1,259.53/oz.
- Company expects to turn profitable this year on good yield from its tailings at its Lubuk Mandi Mine (221.5 ha).
- IPO priced at $0.25/share

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