I believe Anvil selling price of copper product is retrospective.
Copper price increase will not affect profits for a period.
Not sure of the intricacies with this matter.
Anvil share price has always moved as each quarterly profit is announced.
Institutions will not revalue Anvil other than on a proved results configuration.
Future potential - future profits generally not taken into evaluation figure.
Usually evaluation includes a reduction in share price due to sovereign risk.
The sovereign risk factor should be almost history now.
Changing status and recognition of Anvil may allow increasing valuation for factors such as potential and probable future profits. I hope!
The First Quarter Report is due late this month and financials early next month.
These reports have largely determined valuation of Anvil share price by institutions.
Expect share price to move in about two weeks time as insiders anticipate change in profits or institutions calculate expected profit change.
Actually thought there was the beginning of this process in todays trade.
Probably am just dreaming!
That is how it has been in the past.
Add to My Watchlist
What is My Watchlist?
