Bill has been working at great pace. The issue ensures Anvil is not a "basket case" - ie. is financially viable and moving into profitable production mode.
The vital raising of $200 million loan for SXEW plant can proceed - hopefully promptly but time is not so critical now.
Anvil moving into profitable production and only requiring a "top up funding" to complete the SXEW plant should be very conducive to obtaining the loan required.
Time to top up! Especially if there is a pull back today.
Comments from Canada -----
This is simply an equity offering. Expect a bit of a sell off tomorrow...
This is an unhedged copper producer.. Copper is up today and this stock is a nice call on the price of copper.. At today's copper price, AVM can produce profitably and that probably explains why Haywood put a buy rating on this stock today....
Haywood Securities put out a research report today on Anvil with a $2.80 Target. Hope they are right...
( C$2.80 equals AU$3.20)
AVM Price at posting:
$1.50 Sentiment: ST Buy Disclosure: Held
