AVM 11.5% 2.9¢ advance metals limited

Quinn one wonders what moves the price variations.Sometimes the...

  1. 572 Posts.
    Quinn one wonders what moves the price variations.
    Sometimes the latest change in price of copper? change in stockpiles? strong move in the market or resource stocks? broker recommendation? -- who can tell?

    HOWEVER!
    Now that the third quarter for the year terminates we can expect some vibration in Anvil share price - a surge or decline - depending on whether the quarterly financials and activities report are to be positive.

    A lift in mining profits (to be announced in quarterly report in about 5 weeks time) is likely to see Anvil share price move higher; somewhere around the 15th next month in anticipation. (insiders/institutions?).

    Am not able to analyse likely results for this quarter ending now but gut feeling is that Anvil will return to profit mode (not counting expenditure on SXEW plant).

    The "SHOW ME THE MONEY" psychology is a strong influence on Anvil share price)
    So assuming positive financial report impending and well managed re-commencement of SXEW construction am hoping for a move to closer to $4.00 next month.

    From then on Anvil share price will move moderately with market and price of copper for most of next year.

    About this time next year should price of copper remain firm and SXEW plant is progressing on time - on budget would expect share price to be moving strongly.
    Somewhere closer to $7.00 (gut feeling) should be a reasonable expectation.

    Once the SXEW plant is commissioned and is steadily ramped up would expect a share price moving to over $10.00
    Eventually when in full production capacity and drilling upgrades copper reserves anything up to $18.00 would not surprise -- 2011/2012.

    Basically Anvil is a sit and hold for the next 12 months with no short term likelihood of share price taking off.
    Although some would suggest a move from present share price of about $3.00 to $7.00 over this year is a share price take off!

    One for the patient.

    These comments are based largely on gut feelings - as usual - Remember your guess is as good as ---------------.
 
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2.9¢
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