KKR has put it well -- Things will improve but it will take time.
Build up of copper stocks and continuing poor demand will see copper prices at low levels for the foreseeable future.
Anvil management must adapt to low prices or go out of business.
The obvious conclusion is that the SX-EW plant is the only thing Anvil has that will give the company the capacity to ride out any world financial crisis.
Obtaining finance to enable completion of the SX-EW plant is now critical.
Securing finance hoped for by the end of second quarter 09.
I Wish!!!
Will be one of Bill's greatest achievements if he succeeds in this time span.
My feeling is that the securing of the required finance will eventually succeed.
But like predicting a market bottom I would not like to guess when.
Will keep fingers crossed and wait hopefully for an announcement regarding securing of finance before June.
But not holding my breath.
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