Gecamines has an expat trying to get it back up and running.
He's openly stated that they need to slim down and desperately need capital (and they need the Mgt skills to turn the ops around)
Gravity has 'accidently' found copper on their diamond tennements.
Hopefully Anvil's taking advantage of the situation.
Given Anvils history they're not the sort of company to be kicking back in the Celtic Club.
I doubt anythings going to come out too quickly - everybody would be aware that we're cashed up and I wouldn't want us to rush into a deal.
Meanwhile we've got a couple of operations pouring copper cons out by the day.
Anvil will be a frustrating stock until the SXEW plants are built and we settle into being a mid-cap. Until then its going to be a bumpy, stop - start frustrating ride. Hold on for a year and you'll have a comfortable 'no surprises' $2 - $2.5 stock.
We've got the resources, capital, cash flow, people, commodity market.
Do we have the patience?
AVM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
