Yes KKR!It appears that the Canadians too look towards actual...

Yes KKR!

It appears that the Canadians too look towards actual profits as presented in quarterly reports and work with short term horizons - not taking long term potential strongly into evaluation process.
There is a certain wisdom in such an approach.

Recent strong reports from two institutional analysists has hyped up the share price short term.
Facilitating some institutional unloading?

Now for the fall back after euphoria.

Miningnut has indicated the financials for last quarter will not be outstanding in that Kulu probably just about broken even.
Start up costs and the usual fine tuning of processes?

Miningnut does however suggest the profits now being made in the present - second quarter 06 - will total about two times previous quarter profits.

Could this lead to the close to $1.20 area that was speculated as a likely follow on from Anvil breaking through the $1.00 mark?

Whatever!

Market appears to be confirming Miningnut's suggestion about last quarterly profits and are adjusting their valuations in anticipation of the public release of these figures.

Back to sleep until late July perhaps!