This morning "fallback" was stopped by strength of buying.
Loooooking Good!
Market of late might indicate Canadian institutions have moved in to ASX and compete with local institutions for Anvil shares.
Annuling the capacity of local institutions to take turns - ensuring share price is pegged at lower levels.
Until now - and still - institutions are not prepared to revalue Anvil shares positively with regard to future earnings or increasing proven resourse.
Actually a reasonable precaution considering the possibilities of future economic downturn, likely lower copper price sometime in the forseeable future and - as always but lessening - soverign risk.
A massive upgrade of resourse in the ground after exploration (expected soon?) might tilt the balance.
Would be a positive change if that were to happen.
Otherwise am satisfied with preveious predictions posted previously on 23rd October --------------
---------"Present share price has moved from mid 90's fairly quickly.
Institutions - Insiders pushing price up before the private shareholders are aware of the reasons.
Although with the technical expertise of people on HC - Miningnut, Stone Pony, Flats, etc, etc. we probably have a reasonable grasp of positives to be announced soon.
One might well keep in mind the adage - Buy to rumour, sell with news.
Meaning if institutions and "insiders" are set before the "good news" is announced they may sit back and share price might actually retract.
The gut feeling at the moment is that the present surge in share price is likely to continue.
Not expecting dramatic moves.
Anything over $1.30 in the next few weeks would be impressive.
And closer to $1.50 not too far into next calendar year a reasonable expectation."
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