Over 62 million shares (ASX Anvil CDI's or 6.25 m TSX's) to be taken up by June the 5th.
As always institutions have apparently anticipated (or had knowledge) of this matter and have been gaining liquidity in preparation.
May well explain recent hyping and then subsequent drop in share price.
Would expect continued subdued share price until after June. For obvious reasons.
'Tis great to see the financial acumen of Anvil management and their keenness to fast track developments without financing difficulties. A good master plan!
One again there is no "treasure chest" for exciting splurges. Just working capital to speed up the organic growth.
So am still hoping for a share price closer to $1.20 late July.
Closer to $2.00 when Mutoshi and the Kinsevere project are on the way or close to commissioning.
Great rewards for the patient.
Not a blue sky spec with associated risks for those in a hurry.
AVM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
