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Anvil - today's update

  1. Angus

    2,218 posts.
    Good ASX update from Anvil, everything going to plan. The most interesting thing to my mind was:

    'Republic House will purchase the concentrate as principal and will provide Anvil with a Trade Financing Facility that will see cashflows to Anvil commence as soon as concentrates are delivered to a smelter in Southern Africa. The terms and conditions of the off-take contract with Republic House are more attractive than those previously contemplated….The first shipment of concentrates is expected during the second week of September 2002, with the first project cashflow before the end of September 2002'.

    Bottom line - better more rapid cashflow. Just what a minnow starting out needs.

    angus

    I hold AVL.

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