It appears that the second ball mill at Dik. has commenced during June. Too late to impact on quarterly profit and brighten up the quarterly report due within a couple of weeks.
Next quarter will bring a spike in profit. Record profit.
Share price should react accordingly.
Am expecting report to have no immediate impact on share price - having been well anticipated by institutions now buying up to 43 cents.
Am expecting positive drift in share price in the following weeks as report is digested and future progress (profits) anticipated.
The Kulu project has apparently been slowed but not stopped by the Chemaf legal challenge. An indication of management confidence in legal outcome. When this project is close to completion (possibly early in fourth quarter?) expect some "excitement" in share price.
Naturally institutions will be cautious until the Chemaf court action has been dealt with. A successful clearing of this matter by Anvil should be worth a strong lift in share price too.
Should all go well? The $1.00 early 2006 still looks like a big ask? Will still hold to that possibility.
Remember also that drilling analysis results are in the pipeline. Strong results could push Anvil into a higher status and recognition. Making $1.00 share price a "gimmee"
As always -- Your guess is as good as mine. We can anticipate the future - but we can't foretell it.
Cheers,
NT
AVM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
