Not sure why anyone would drop out now- but then again I’ve been on HC long enough to know that what a poster writes can be opposite to what their doing! Can be a forum where I write... ‘ That’s it- I’m out- I’m selling my millions!’ When the reality is that I’m really after a few more cheapies. All imo- of course. On the other side of it- we are in a holding position- bouncing between 1.4-1.6 and this seems to be the floor. As others have noted- strange to sell now with Feb/March news imminent and with definite upsides with sales and drill results. Mlx got a nice rise today on the back of its Tin sales and extension of resource down there, so Tin is gaining some traction and with the price and Aus dollar hopefully we can take advantage of the perfect storm. Anw has held its price pretty well over the last 12 months- definite ups and downs but when you consider the rest of the penny dreadfuls and metals companies- there is real evidence of many individuals, companies and Instos pulling their money from the market, and this has lead to Anw, and others, being at a great price at present- imo. Good upside from here, as down the track when money starts to enter the market I’m really hopeful that ANW will be in a much better position... 1) Granville production bringing in good coin 2) Taronga slowly but surely heading towards commission 3) Drill results meaning company has other options down the track. Sales, JV, T/O all come into the equation.
So my sentiment is Buy at present as at these prices there is a great opportunity for a bag or two- with luck. And hopefully ANW will be in a great position to really progress if the market sentiment turns around. One seller venting today and moving on- but when you look at Syria, MLX, Galaxy, etc, it’s easy to see some of the spec and metals money has moved into Blue Chips such as BHP, etc, or just hoarding it. Also hoping Trumpy can end his war with the Chinese, as this will start the ball rolling. All imo.
ANW Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held