Cass you have given a probably prime reason for share weakness.
Past posts have suggested that institutions must have a company profit flow on which to place valuations.
We have known that the last quarter was likely to be poor.
Some of Cass' information about transport problems compound the issue.
Have suggested before that instituions will have the figures - or anticipate the figures - well before quarterly report is released.
It is likely that the latest weakness in share price was a factor of institutions revaluing Anvil downwards.
We sort of know the worst now.
First quarter was very poor in terms of profits.
Worse it seems than HC people would have predicted.
Once the news is out - in the report - some will look forward.
Some strengtheng of share price after initial shock-drop should take place.
Yes second quarter will be a lot more profitable.
The time to really look towards is the quarter report that indicates profit stream from both Dikulushi and Kulumaziba.
Should be 05 last quarter report.
Cheers,
NT
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