re: in the doldrums? For the first time with Anvil it appears from observation of market action that effort is being applied to ensure share price remains above 80 cents.
Makes sense?
Makes sense!
If the share issue is priced close to 80 cents, it would not be good for underwriters and present shareholders for the share price to go below 80 cents before issue closing date.
Should this conjecture be valid, one might expect a drop in Anvil share price after March 21st.
Remember you read it here first!
Whether the surge in earnings to be revealed when the next Quarterly report is released is sufficient to drive share price higher - optimistically (very) towards $1.00 remains to be seen.
Back to being patient!
Remember this is conjecture and your guess is as good as ----
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