Miningnut is on target with his suggestion that AVM share price will not move much until overburden problems are seen to be sorted out and company proves to be able to maintain a profit/income.
The posibility is that institution report/recommendation on Anvil and indicated appropriate share price will be released after latest development has been factored in and quarterly report has been digested - as pointing the way to ongoing income stream.
As continually suggested institutions factor developments into share price before company announcements.
The recent strength and stability in share price is no doubt a consequence of this pattern.
Meaning that the latest announcement has been factored into share price already.
In summary ---
Once latest developments have been thoroughly analysed by institutions and once the quarterly report has been released there is a strong possibility that Anvil share price will be re-rated to a higher level.
As indicated by Miningnut the first quarter report is significant not so much in regards to disappointing hold up due to overburden problems but with regards to the immediate future regarding Dikulushi profits.
Regards,
NT
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