Darryll Castle was asked in the Conference Call about the copper issue. An analyst asked him was it just bubbles and blisters? He said it was a process error that caused a visual impairment. It didn't cost us a lot of money. These things can happen in the commissioning process. In general he was very happy with the quality and as the plant stabilises he is 100% confident we will be producing very good quality cathode.
I would expect the off-take agreement to be in place regardless of any equity holdings.
Personally, I don't understand the Trafigura decision. I expect they must need the funds elsewhere and their strategy has changed.
As I said previously I will not be happy if someone tries to take us out at this stage. We will be making very good cash but also planning a lot of future development. We have fantastic ground and I want to see Anvil achieve it's potential. 100K+ cathode copper, mid-tier producer.
All the best.
KKR
AVM Price at posting:
$5.72 Sentiment: Buy Disclosure: Held
