Well one thing seems apparent --- Congo needs to encourage mining companies --- Not plunder them as for initial demands of Government Contract Review.
The Review needs to be dismantled - in accordance with previous posts on HC which have confidently predicted no damage likely for Anvil.
Slowing down of new mines and holding off of others is actually a positive for Anvil for obvious reasons.
Big dump of Anvil shares on TSX last night to record lows. Finished under Au$2.00.
Bad market day combined with poor - low production, minor problems in quarterly report which is no doubt in the hands of insiders/institutions is likely reason for the dumping. Little resistance to the dump because of all the contributing factors presented in a previous post.
The only question at the moment is ---
Will Anvil share price drop to $1.00 before recovery.
Will share price bounce back - to some extent - in April/May 2009?
AVM Price at posting:
$2.60 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)