The large turnover of shares in Canada at stable share price is interesting.
One wonders where all the sellers are coming from!
Could it be that large holders of Anvil have received additional allocation with current share offer?
That they are now selling previously held shares at a profit to current issue price so as to bring their holdings back into balance?
The process made easy by the demand - as suggested by SurferStu?
If so 'tis a good thing.
Less liklihood of stags bringing price down when new share issue hits the market.
Greater number of shareholders.
Demonstration of faith in markets view of Anvil's prospects.
A floor price placed under share valuation.
Not exactly sleep time now.
But one could well snooze in peace until later in April with institutions evaluating quarterly report before public release and moving share price accordingly.
Once profits have levelled out after this quarter surge, will have results/upgrades of exploratory drilling to push the share price along. So much as is significant to the big picture.
Also a wait now for completion of SXEW plant and new mine - followed by greater surge in profit.
Until the SWEX plant is approaching production stage am not expecting any strong moves - say above $1.00/share for Anvil.
More of a "steady as she goes" with less drama, less excitement, less radical share price shifts compared to the past.
That's one persons view - only!
AVM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
