Sunday late night. I am about to go to bed. This weekend went well I guess at least for me. I am having on a few things that make my mind busy.
I am trying to figure out to apply for the IPO of some companies. I believe I can get some priority offer for this because I have another company that originally sold this company’s business. I am reading the company’s prospectus which has more than 350 pages. I am reading though. The company is basically a mineral exploring company. The history of this company is very short just started this year. They want to raise 5-7 million from IPO.
By looking at the company, so far not much to evaluate. Of course, they haven’t started yet. On the other hand, it seems there are several managers who have experience in this field like more than 30 years. Also, the founder has been working on several companies related to the business area. It is really hard to say. In the current stage, the company have nothing and is very new. There is no expectation they will make money in a short time frame Also, I have checked several IPOs in the last two years. To me, these exploration companies are not doing well. So investing much money is not an option but maybe I can buy a minimum rot. So I can learn something about this type of arrangement.
I thought I should write my analysis of other companies I already have but they are delayed, simply I have other interests for now. But I should do this because we are reporting season. It is good timing to summarise the company so far.
I started reading about the book on the economy in Okinawa, Japan. I have visited there several times. People generally believe Okinawa is doing well in Japan. The economy is booming. But actually, it is not an easy story. The poverty in Okinawa is the worst in Japan. The book is about why. I am looking forward to reading further.
The day passed so fast. Now we are going on Monday. I have to finish writing and updating my paper. I will do my best to finish these. Hope these writings make my mind busy so I don’t need to worry too much about COVID in Sydney. The NSW is doing well for the vaccinations, but the number of cases now is the highest and the NSW government believes the peak coming in a week or so. Hope everything is fixed in a few months.