AVM 11.5% 2.9¢ advance metals limited

share price to double and again.

  1. 572 Posts.
    Time to ring the bell!

    Canadian dollar crashing making Anvil TSX share price a bargain in Aussie dollar terms.

    Governments pumping liquidity into the economies -
    Investors putting capital into interest bearing deposits adding to the liquidity.

    International moves to co-ordinate action to stem the charge of the herd towards irrational financial oblivion.

    Angst and market terror around and capitulation apparent.

    Conditions for a slow, anxious, protracted base and eventual market recovery are building.

    Price of copper slumping due to reduced demand, greater stock piles and anticipated world slow down reducing demand further.

    World copper price approaching levels where high cost producers will be shutting down and exploration and new mines will be slowed or halted.

    Anvil cashed up and increasing efficiencies.
    Dikulushi to bounce back into production by early 2009.
    New smelters firing up and producing value added product.
    Kinsevere hotting up - surging production at lowest cost by the end of 2009.

    When the first quarter results from upgraded mining set up at Dikulushi and increased efficiencies of the new smelters has come to fruition the market will respond.

    Anvil share price has always been strongly influenced by quarterly results.

    The last two quarters and present quarter with Dikulushi closed for upgrading and smelters only just being commissioned profits have been negligible.

    When first quarter 2009 increased profit results are released in April/May 2009 institutions and investors will react accordingly and the share price will consolidate _ Anvil being one of the lowest cost produces in the world and getting better.

    The surge in first quarter 2009 profits - even at lower world copper prices - is likely to see a doubling of present share price and perhaps more still.

    When the Kinsevere project is completed late next year Anvil production and efficiencies will escalate considerably and an additional doubling of share price is a reasonable expectation.

    Naturally these predictions are based on the assumption that the sky will not fall in and the world not becoming a financial dark hole.

    Double your money in one year?
    Double that again in just over two years?

    It is more likely that these predictions are on the very conservative end of the spectrum.
    A much great share price is a reasonable possibility.

    Those who accumulate - buy now have much to look forward to.

    The bell is ringing!

    Remember these jottings are a figment of my imagination.
    And ---
    Your guess is as good as ---.
 
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Last
2.9¢
Change
0.003(11.5%)
Mkt cap ! $3.927M
Open High Low Value Volume
2.5¢ 2.9¢ 2.4¢ $36.69K 1.440M

Buyers (Bids)

No. Vol. Price($)
1 25692 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
2.9¢ 51842 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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