Anvil share price was firm all day.An excellent performance...

Anvil share price was firm all day.
An excellent performance considering recent price surge and yesterday's break above 60 cents to finish on 64 cents.

Buyers backed off a little today - half a million shares traded compared to one million yesterday.
Imagine the share price at the end of today's session if buyers snapped up another million shares - instead of half that.

So the 60 cent resistance is holding - just.

A positive announcement - perhaps conclusion of a Gecamine agreement - could well be the catalyst to produce a "radical" share price move in the 65 - 90 cent range.
Possibly closer to 80 cents short term?

One must be mindful that the "buy on rumour sell on news." affect could actually bring share price down.
I doubt it in this case.

The impending profit surge, soon to be announced increase in proved reserves, perhaps commercial new deposit near Dikulushi, quarterly report this month (bound to be positive), Harwood analysis report release (recommendations and valuations will impact - hopefully for the better) will be factors more likely to impact in a "radical" move of share price as opposed to a "buy on rumour" fallback.

This month is looking good.

All the way to early 05 hopefully!

Then beyond that! But that is another story.

Cheers,

NT