re: avm sp where to now. Guess many are taken back by recent share price weakness.
Has happened before.
Nothing new.
Patience is required.
Will be rewarded.
This is not a "blue sky spec" now!
The real spec gains have been from 4/5 cents, then 12/15 cents to present share price.
Would be wise to regard Anvil as a solid long term investment.
With the likelihood of above average gains.
Anvil management's projections have usually been on the cautious side.
However!
Their predictions are -----
From 19,178 tons copper produced in 2005.
2006 37,000 tons copper. (Kulu kicks in.)
2007 58,000 tons. (Kinsevere kicks in)
2008 65,000 tons
2009 70,000 tons (SXEW commences at Kinsevere.)
2010 100,000 tons (Mutoshi kicks in - SXEW)
That is the story.
In 3/4 years copper production about trebles.
Efficiencies in mining and processing take place.
No use winging about the ups and downs on the way!
The future is there!
One can move on.
Stay on.
Or do both - as for Miningnut who has made millions.
As always --
The asute investor moves in when market forces under value a company.
Buying $2 or $3 (or whatever) worth for the $1.00.
Who buys?
Who sells?
avm sp gains kwehrend, page-7
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