There will never be another Bill! A compassionate and managerial giant with a huge capacity for work and inexhaustible in travel -- One could go on!
The best part of the announcement is ---
"Bill has agreed to remain as an advisor to the Company to assist in the management transition and to enable us to benefit from his considerable expertise and experience."
The market (share price strength)is appreciating the certainty in change of management and perhaps anticipating an excellent fit of Darryll Castle into the organisation.
The "Go away in May" market syndrome may temper Anvil share price until later this year but once the SX-EW output surges and profit figures take off so will the share price.
Some where close to $9 by the end of the year and in excess of $10 early 2012 are reasonable possibilities assuming the world economic stability is sustained.
AVM Price at posting:
$6.53 Sentiment: ST Buy Disclosure: Held
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(20min delay)