AVM 0.00% 2.9¢ advance metals limited

re: doh : copper now $2.40 pp The comparatively huge turnover on...

  1. 572 Posts.
    re: doh : copper now $2.40 pp The comparatively huge turnover on TSX with the share price hovering above $7.00 is a new phenomenom for Anvil.

    Solid turnover and stable price.

    With the recent large allocation of shares now all taken up the mass of Anvil as a listed company tends to create an inertia compared to days past.
    When disruptions could bring share price crashing 30% to 50% ??? or whatever.

    One would need to be optimistic to expect radical moves - either way - now.

    Annual Reports are usually non events in terms of share price.
    Being just a history of previous years activity.
    Financials, etc. already revealed in quarterly reports.

    Not a forum for revealing future expectations, anticipating great happenings, talking up the company or such carry on.

    Important exploration results, bankable feasibility studies, et al are released to the market when information has been gathered and confirmed.

    Would be improper to hold such for annual meetings.

    However the surging profits to be released in quarterly late next month should lift share price to a higher level.

    Anything over 90 cents would be appreciated.

    As Miningnut suggested --- feasibility into & drilling results for Dikulushi underground, possible drilling results for Mutoshi NorthWest & Nioka --- are the likely type of announcements that will move share price higher.

    Add "financial feasibility study" announcement for next mine (Mutoshi), commencement of constructing infrastructure, commissioning of the new mine, first profit announcement, etc.

    Perhaps opportunities for institutions to "spread the good word around" in order to move share price and enable them to balance portfolios by reducing holdings at higher share prices.

    Am cautiously hoping for share price closer to $2.00 by the time Mitoshi profits come on stream.
    Late next financial year?

    80 cents now to say $2.00 then is a fair percentage increase in a little over 12 months.

    A greater surge in Anvil share price - and earlier -
    would be the preferred outcome.

    However past history suggests we - on this forum - tend to be too keen - too optimistic.

    Expecting share price to be much higher, much sooner than actual performance.


 
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