Anvil backed off 3% on TSX last night.
Aussies looked to have been happy to buy in at - "Up to $22".
A steadying of share price at present levels (below $22) seems to be the way now.
However the quarterly activities report is due for release in a week or so.
Indications from our people are that there will be increased profits.
The question now is ---
Has the expected increase in profit already been factored into share price? - Meaning a drift in share price after quarterly report is released.
OR -
Has Anvil reached a stage of growth where quarterly reports can surprise? - Meaning a possible surge in share price on release of quarterly report.
Remember institutions sometimes factor in the likelihood of increasing profits for the following quarter when a report is released. Not so much with Anvil due to the volatility of world price of copper and perceived risks in world economies and perceived sovereign risk - (hopefully a fading factor).
Whatever!
Future is strong and getting stronger.
The growth in share price in the last twelve months has been fantastic.
The quarterly activity report for present quarter to be released late September should be superb.
The $25 mark in September appears to be a reasonable expectation.
Closer to $30? Fantasy? Perhaps!
Add to My Watchlist
What is My Watchlist?
