Share price stable and surging - directors buying - something positive on the way. And I was expecting relatively little action until late this year, early next year.
Let's hope not all lenders will refuse to loan into Congo. Bill Turner wants a $143 million loan - hopefully in a month or two. Bill buying more shares is a hopeful pointer.
The Congo Government moves have produced a confusing scenario.
The tax on exporting untreated ore should be a positive for Anvil once the SX-EW plant is operating.
Anvil is obviously preparing to buy into small deposits which are not economic for small companies or where funding to exploit is unavailable.
Not sure why the ban on importing ore is a negative. Unless of course if Anvil has an objective of accumulating deposits of copper outside the Congo.
Other large companies and international pressure obviously being applied to the Congo Government.
Anvil with its long history of adapting to such problems and in making the company a stand out in its support for the people in the mining areas is well placed.
My long held hope of "Close to $7 share price late this year - early next year" is still looking very reasonable!
Cheers,
Vidi
AVM Price at posting:
$3.60 Sentiment: ST Buy Disclosure: Held
