bt sells & queries & theories.

Bill sold 250,000 shares on market - just over 2% of his portfolio to receive just over $150,000.

"mmmmmm"?

Unexpected.

Could Miningnut be right?

Could some sort of rights issue - or share allocation be near?

To fund processing to a higher degree? - I think that is Miningnut's suggestion?

Could the additional money be for taking up impending rights issue?

Or could BT be just short of funds.
Cashing in for some urgent exprenditure?

Whatever!

Tis significant that BT has sold some of his portfolio.
Would rather he was accumulating!



Re overburden removal. ----------

Have been bemused by the problem - the unexpected necessity - the protracted nature, etc.

My imagination only ----

Management were motivated towards commencing deep mining.

Open pit continued to keep cash flow and enable management to move Anvil forward to achieve Gecamine agreement, etc.

At some stage it became apparent to management that deep mining would require a massive expenditure to obtain machinery, equipment and infrastructue to commence deep mining.

That not only would the expenditure reduce Anvil operating costs but availability might be more of a problem.

Obtaining deep mining expert staff would also be difficult.
Providing infrastructure to accommodate increased staff also demanding.

In the end management decided the best course of action was to continue open pit mining.
Which required - now that a decision has been made - massive overburden removal to make open pit mine viable for several more years.

Well that's my theory.
Unknowing - and guess work only.

We look forward to some developments over the next two or three months.

More details from Miningnut - if he is able to ascertain more information - will be anticipated and appreciated.

As always --
That's how I see it anyhow!

Cheers,

NT