CBA once held 18 million AVM shares - or something like that.A...

CBA once held 18 million AVM shares - or something like that.
A sell down to leave something like 4 million shares is sufficient now for recognition that CBA is selling out completely.

Thanks to Flats, et al for pointing out past evidence that CBA has unloaded.

The latest "dump" is rather peculiar.
In a market where only small quantities were offered by sellers or traded two large parcels of about 200,000 shares were placed on the market as selling offers.
Now if an institution was keen to sell - at a fair price -the last thing they would want in a slow market is to advertise a comparative flood of selling.

If twas a broker selling CBA shares me thinks I would termitate their service.

So could be broker utilising CBA share selling for corporate advantage.

My prognosis was that the action was market manipulation to achieve a lower share price for AVM.
Possible reasons for this stated in previous posts.

Should be evident that many posts providing suggestions on this matter are of a hypothetical nature based on analysis of trading patterns.

No one is adamant about such matters but in the main such suggestions are correct in fact or if not - usually correct in effect.

So perhaps institution has endeavoured to lower AVN share price to ensure any alocation of shares or even rights issue places allocation at a lower price.
Meaning more shares - more profit - to institutions receiving any such possible alocation.

The CBA "overhang" also inhibits potential surge in share price.

Bill Turner has been quoted as indicating ramping up of Stage 2 will take months.
As already suggested the second hand equipment while saving heaps may nead some TLC before full production is achieved.

So unfortunately share price may continue at below true valuation levels for a couple of months yet - for a combination of reasons stated above.

So my forecast of early 05 as the target date for realistic share price for Anvil still stands.
Not to say a much improved share price is not expected before then.

An announcement that Stage 2 infrastructure has now been put in place may feel good but may not excite market.
After all tis not "news" - we know about the situation anyhow.
Also is not a likely market stimulus as "in place" does not mean working to capacity. Far from it I believe.

Once again an agreement between Anvil/Congo Government which passes Gecamine over to Anvil for a reasonable price may be a stimulus for Anvil share price.

Remember too potential additional mine/s at Kapulo and nearer to Dikulushi.

Also the certainty of proving that Dikulushi ore body is deeper than now proved.

Lots happening.
Lots to happen.

Timing is the enigma.

Those holding will not need to wait too long.

No more than 4 to 5 months anyhow.

Thats how I see it !

Cheers,

NT