Steady accumulation of millions of Anvil shares this week.A...

Steady accumulation of millions of Anvil shares this week.
A rather significant turn over.
With a steady price.
Sitting on 60 cents resistance area.

What this tells us is --
Institutions have decided that Anvil is great value at 60 cents.
That institutions are hungry for these shares - at that price area.
That uncommited holders have supplied fodder for the institutions.
The hunger for shares is more than the available shares at this price.

So one must decide why the institutions are loading.
Certainly this is not a spike or spec buying.

The fundamentals are strong and justify 60 cents base price for Anvil.

Resource upgrades, increased efficiencies, dramatic profit escalation, Gecamine agreement, exploration results (Dikulushi and near by) and quarterly report are ongoing with announcements to take place within three weeks.

Institutions are taking on Anvil at basic proven value as is - with 75 cent valuation once Dikulushi is full steam ahead and profits proven - knowing that previously mentioned imminent developments will increase valuation of Anvil on top of this.

So 75 cents is not a price that should be difficult to reach.

More is likely.

Anvil will continue to be a strong - sound buy for months and years, as up to now there has been no premium for the speculative element.

Unless the "show me the money first" (actual profits) approach to valuation of Anvil changes the company will continue to be undervalued and worthy of accumulating.

The patient have a lengthy steady profit regime ahead.

So 75 cents within four weeks is not an unreasonable expectation.

My guess of 65 cent base to 90 cents by early 05 and trading in the range along the way once resistance at 60 cents is broken still stands.

With a POSSIBLE? spike towards $1.20 somewhere along the track to early 05 is still my contention.
In this your guess is as good as mine!

Cheers

NT