AVM 2.22% 4.6¢ advance metals limited

to rase $100mil, page-10

  1. 118 Posts.
    re: to raise $100mil On minesite.com there is a feature story about Anvil.
    http://www.minesite.com/storyFull5.php?storySeq=3320

    This is a good piece of PR.

    Mr. Munro`s talk however is a prime example of
    VERY amateurish communication to the public.

    When Mr. Munro states it is a good time to sell shares
    he invites the cynical to think they company finds
    the shareprice fully priced at the moment. I believe
    though he meant the strong macro and micro fundamentals as well as a better perception towards
    the DRC underpinning and surporting a likely good market perception of a potential share issue.

    A professional would have also added that Anvil
    have already received strong interest and will
    manage any fund raising needs for their growth projects
    (debt/equity) in a way (timing and volume) that
    maximizes shareholder value for shareholders. He would
    also add that Anvil is in a good position in doing so
    because of their strong cash flows from their high
    margin mines (Kulu and Diki) and the support of
    major stakeholders.

    Since Anvil has got a VP IR i do wonder why such
    slobby wording is spread by the finance guy, who at
    least should have been aware about the shorterm
    market reaction.

 
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