Please consider (those who expected an announcement of the...

Please consider (those who expected an announcement of the closure of the Gecamines deal at the forum) that from my understanding:

1) a selective disclosure of material developments
in this investor forum would have been a
violation re sec. regulations! (see 2))

2) even if this whould be legally correct it would be
not so ethically, since there would be no "equal
playing field" for all investors! Would you like to
invest in a company where some people get relevant,
material factual information first and you only to
find out too late by an according stock price
movement?

Hence Bill acted in a good corporate govermance manner to not present something "new", specially the
finalizing of the Gecamines deal. Personally i also
prefer (what he did) to "understate", i do believe in the
long run this is better and then to overexecute and
overdeliver and oversurprise positively than to create
too much overecitements and overexpectations which
may lead to a spike but will eventuallly very easily lead
also to dissappointment or unrealistic expectations.

At this point of time the Gecamines deal is speculation,
however IMO the writings are clearly in the wall, coz

1) Anvil strengthened the management and exploration
team and devote several people on this new project.
I doubt Bill would act like this if there is not a high
degree of likelyhood that a deal will be finalized
soon.

2) Bill must feel pretty confident othervise he would not
make all those statements and objectives about
the new project publically. Since such deal was quiet
a theme in Haywood`s report and now again in
the presentation Bill must feel pretty confident and
it must be pretty close (Presentation: 2x/3x reserves
BY YEAR END).

The departure of Mr. Tan could be another hint, thx for
the information.

Like i said before, this presentation is a start, it will need some time and additional work to create coverage
and a retail market in Canada. Also to bed in a deal with
Gecamines need its time. I prefer the company to
make a very good DD in this project(s) and negotiate
tough and long and me waiting impatientely than to rush into a deal too soon.

I noticed that they plan a staged approach in this
potential new project, i.e. to add a SX/EX plant later.
This could mean the need for equity financing for the
deal may turn out to be rather limited at this current stage and that our shares will not get dilluted that much.

I found an interesting approach i.e. a new tecnology
EMEW by industrial copper sytems ltd. from canada.
They developed their approach specially to make a
JV deal with Gecamines. May be Anvil should contact
them. Anyway some interesting information re DRC
on their homepage, see Katanga project
@http://www.coppersystems.com/katanga.html

take care