CBA must be keen to close off holding in
AVL.
Offering 400,000 in pre-opening.
While policy might (my presumption) dictate that they sell all holding in Anvil (being now a Canadian - and not Australian company - My GUESS) it may be that their selling agent is confident large parcels will be taken up.
Which might mean other institutions - or mates - are cooperating with this process.
Tis worth having a week or two of weakend share price and the full dump so as when
* turn up of profits,
* possible Gecamaine announcement,
*possible successful exploration results
come to fruition there will be no overhang to slow share price take off.
Wilsons have stated - based on present valuation of Dikulushi - they anticipate 60? cents by end of year.
Not far away now!
Note that their evaluation does not take into account the likely Gecamine deal - or a potential new mine (Kapulo for example).
When CBA is out expect more explosive moves in share price compared to past.
Makes sense?
Cheers
NT
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