re: cdn 16.4 million in the bank. From an internet cafe - Darwin.
This taking up of Anvil shares has obviously stretched finances of some holders.
Banking on a later date for excise of same.
Meaning some shares needed to be unloaded (dumped?) to balance books and meet expenditure requirements.
Add this factor to general fallback in resources.
And Anvil has dropped in price beyond reason.
Meaning smart money will be accumulating at today's prices.
Institutions are "smart money".
A time to manipulate markets and bring share price lower to make for eventual profits?
You bet!!!
HC people should be accumulating with ears back.
Anvil share price is largely based on actual profits as advised in quarterly reports.
Quarterly report due late next month will - I believe - indicate large surge in profits.
Meaning surge in share price.
Pushed higher by institutions now holding down share price and accumulating -- to maximise their short term profits as they unload.
Expect the action to commence mid July as institutions predict or examine statitistics to be released late in the July or early in August quarterly reports.
My long time --- "Close to $1.20 mid to late July" -- looks shaky?
Am still standing by this "guesstimate".
Buy now for large percentage profits in the short/medium term.
You heard about it first on Hotcopper!
Remember - as always -
-- YOUR GUESS IS AS GOOD AS -----!
Ahhh Darwin!
Two weeks stay looks like a good idea!
Wheel fell off on Gibb River Road!
Filed damaged studs and took four nuts off other wheels (3 studs beyond repair) to replace damaged rim with spare wheel.
Nisson agent in Darwin asked -----
----- $1,000 for a replacement alloy rim.
The $150 steel rim from Beaurepairs looks REALLY GREAT to me!
Bye bye for now!
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