re: new tsx presentation-miningnut Thanks to all for update on...

re: new tsx presentation-miningnut Thanks to all for update on presentation in Canada.

As predicted -- Bill Turner is not into dramatic announcements.
The Gecamaine/Anvil impending? agreement will be announced when (and if) the deal is finalised.
Marut has suggested technical reasons that this must be.
To my mind that is the way Bill works anyhow - no probs.

The "expo" in Canada turned out to be very begnine.

So why the action on the market and share price surge?

My suggestion continues to be that institutions want to see results - not potential.
Perhaps the reliance on results is a compensation for perceived risk factors.
Fair enough!
At least we have a basis to work on.

Have been indicating lately that Anvil share price will move once Stage 2 commissioning is over and profit stream kicks in.
To watch for earlier surge in share price once institutions are satisfied that the commissioning is going to plan and on time.

It appears we are now into that period.
With one institution at least upgrading its buy peramater to accept any seller up to 50 cents.
Let us hope they continue to accumulate and others get on board too.

If the buy on results approach is the way ---
Share price before stage 2 about 35 to 43 cents????
After stage 2 commissioning profits double?
Theoretical share price 70 to 86 cents????

Present action supports such theory.

Gecamine/Anvil agreement?
Should be soon?
Should not be a radical affect on share price.
Will take a year or thereabouts??? to produce profits.
Institutions will indicate a lot could happen in the Congo over such a period.
So guess how the share price will move!
Once "Gecamine" moves into production and profits, look for share price upgrade.
Then and only then.
"Patience will be rewarded"!

It appears that Bill Turner has decided that taking over a previously profitable mine is the best option he has.
It has been indicated that a share alocation or rights issue will raise funds to finance the aquisition.
This brings the possibility of share dividends with profit from Dikulushi.

The introduction of a token dividend - with most profits being devoted to expansion and exploration - would be a significant psychological step to bring about more positive interest in Anvil and most likely an upwards re-rating of Anvil share price.
Bill Turner is conservative financially however.
He will not allow share dividends until he is very satisfied with financial standing of Anvil - depts and demands.

For now perhaps time for a catnap.

Roll on Stage 2 commissioning.

Jecamine deal welcome - imminent? - for the future.

Early 05 still my target for a positive AVM market and strong share price.

Cheers

NT