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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