burundi, page-11

Current shareprice is $18.80.....but holders of AVM stock now hold ten times less shares than they did a few months ago....it's not hard to work out that that would equate to $1.88 pre-consolidation.

Perhaps Mr Moulten you should be a little more familiar with the subjects you choose to commment on......the appearance of being amateurish otherwise ensues.

The Announcement, just for you.



News Release


FOR IMMEDIATE RELEASE TSX, ASX: AVM
December 20, 2006 Common shares outstanding 56.7 million*


Consolidation of CDIs – Revised Timetable
Perth, Australia: Anvil Mining Limited (TSX, ASX: AVM) (“Anvil”) currently operates with a dual listing of CHESS Depositary Instruments (“CDIs”) listed on the Australian Stock Exchange (“ASX”) and Common Shares listed on the Toronto Stock Exchange (“TSX”). The current “transmutation ratio” of Anvil listed CDIs to TSX Common Shares is 10:1, whereby ten Anvil ASX CDIs are equivalent to one underlying Anvil TSX Common Share.
Anvil proposes to change the ratio of its listed CDIs from the current ratio of 10:1 to 1:1, whereby one Anvil ASX CDI is equivalent to one underlying Anvil TSX Common Share.
In the small number of cases where the consolidation results in a fractional holding for a CDI holder, such holding will be ‘rounded down’ and the fractional holding settled through a cash payment. The CDI price to be used as the basis for calculation of cash settlement payments of fractional holdings will be based on the weighted average price of CDIs traded on the ASX in the five days immediately preceding the record date.
The anticipated timetable for the consolidation, revised from that released on 15 December 2006, is as follows:
15 December 2006 Proposed change of CDI transmutation rate from 10:1 to 1:1 announced.
19 January 2007 Last day for CDIs.
22 January 2007 First day for CDIs to trade where the underlying Anvil Common Share is equivalent to one CDI.
23 January 2007 Trading in reorganised CDIs on a deferred settlement begins (under ASX code AVMDA).
30 January 2007 Record date to determine entitlement and calculation of cash settlement payments for fractional holdings.
6 February 2007 Despatch date – CDI holding statements to be despatched to CDI holders. Deferred settlement market ends. Distribution of payments for cash settlement of fractional holdings.
7 February 2007 Normal trading resumes.