TSXV:TVC.H - Post by User
Comment by
jetfuel10Xon Mar 31, 2022 6:26pm
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Post# 34564918
RE:News out
RE:News outAs you said Sacks - Worst case MTV will be toast not TVC
TVC and MTV continue to preserve their cash resources during negotiations with the Lenders and other creditors and thank all stakeholders for their continued support and patience;
TVC will become a financial shell available for other mining deal with over 6m cash - I value this shell if the worst happen at minimum 12m value or .10 per shares; We close at around 6m value;
Remeber in 2002 Goldcorp becam public buy vending thei operation into a public shell with 6m on it;
TVC has an accumulated deficit of over 250m; An accumulated deficit can worth between 3 to 15% for a futur profitable mining project;
At this level - I evaluate my risk at ZERO
Sacks45 wrote: Differed March 31 22 payment and if this situation is not resolved in 30 days MTV is toast. I'm outta here again 1st thing tomorrow. Those lenders I believe are gonna steal the mine when it's sold under bankruptcy protected. Goldy thoughts?