Anvil down to AU$1.81 on heavy trading on TSX last night.
While I don't really expect Anvil to drop to $1.00 last night's number validates previous comment about the direction Anvil is travelling. There is still a nagging feeling that something is just not right!
Perhaps Monday and Tuesday will see Anvil share price at more record lows and a bottom. Making it the best time to accumulate in anticipation of the quarterly report to be released on Thursday evening. But hopefully the quarterly report will not result in a continuation of the dreadful down turn Anvil is in.
KKR is correct. Anvil has come a long way as a mining company. Is in a strong financial position, is profitable and the future looks better.
No one would have ever envisaged Anvil share price at below $2.00 from over $20,00
Could it go to $1.00? Or even closer or close to?
Hope not!
Expect not!
But let's wait and see!
AVM Price at posting:
$2.51 Sentiment: Buy Disclosure: Held
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