Another item on copper price - copper stockpiles - forward...

Another item on copper price - copper stockpiles - forward looking.

http://news.ninemsn.com.au/article.aspx?id=3359

Present appetite for Anvil shares at 60 cents seems insatiable.
We may deduct that institutions have a temporary floor price value of AVM shares at 60 cents.
That higher share price is imminent.
That the support has firm foundations.

As Miningnut suggests if AVM shares fall to 55 cents would be a great price to buy.
On market action of late would not be hopeful of anyone buying below 59 cents - and then only as an abberation.

High prices and low stockpiles may soon create a bubble in valuation of copper miners.
To come off the boil late 05 - early 06?
So for valuation of copper producers for long term purposes be wary.

The buying pressure for Anvil shares indicates --
1. The company has become a notable company in market perception.
2. Increasing profits since stage 2.
3. Impending announcements.

Within the next two weeks quarterly report will be released. Any pointer towards future positives could bring a positive response. However it is more than likely that such information in the report has already been "surmised" by institutions and is part of the reason for present demand and share price.

Resource upgrade - Dikulushi - and perhaps promising deposits drilled near by will certainly be released in the next two weeks.

A Congo Govt/Anvil Gecamine agreement will surely be released - hopefully in the next two weeks????
Finalisation - red tape - of such agreements occurs in its own time so no promises here.

That in a nut shell are likely reasons for positive trend in Anvil market.

Next two weeks are looking very positive.
Subsequent share surge to 75 cents looks reasonable.
Once again your guess is as good!

Cheers,

NT