As I see it there seems to be a growing confidence (both ASX and TSX) that the finance negotiation is looking very positive - and an understanding that Anvil is proving to be a sound company with a certain long term future.
There also seems to be an understanding that the SXEW plant WILL progress and be commissioned within two years.
No doubt broker research and support and recommendations accentuated by the latest public offering played a part in changing market perceptions.
Increasing turnover suggests all that!
Market is not pushing share price higher. That will come in stages ----
1. When Anvil quarterly reports announce company is in profit mode.
2. When Anvil succeeds (in whatever way) in financing SXEW plant.
3. When SXEW plant is commissioned.
Naturally changing price for copper will impact. The impact will be greater the closer Anvil is to commissioning SXEW plant.
As for the ASX! Buying bids are accumulating big time and turnover has surged away from the doldrums - when sometimes not even one market transaction would take place in a day or even several days.
Possibly some of our astute Hot Copper people are part of the surge in accumulating more Anvil shares. A justifiable reason not to be posting positively. Understood!
KKR has presented an informative summary of Anvil's situation. - Justifies our confidence in Anvil as a well managed company still on the move.
Some risk. Perhaps minimal. Likely rewards of a multiple nature for those accumulating now and prepared to hold for 2 to 3 years.
That's how I see it anyhow.
AVM Price at posting:
$1.52 Sentiment: ST Buy Disclosure: Held
