RE: News! TVI Pacific Receives Balabag Scoping StuRange bound with downward bias. What I expected. Meanwhile did you read the story about the attack on another mine site on this island? Just one more issue to consider here. As the world economy gets more difficult I expect to see more internal issues rise in many of these countries. In this case, right on the same island I believe, and it was against a far bigger stronger company than TVI. Check it out on news.
Looks like TVI is going nowhere in a hurry with .035-.05 range where it wants to sit. Roll it back, is the only reasonable thing to do, but I doubt that is the criteria here. There are 400 million plus shares out folks, FOUR HUNDRED MILLION PLUS. TVI is simply not that big to warrant that many shares, and it will make it very difficult to raise price on any sustained or even maybe short term basis, or get respect, or do much of anything, in my opinion. I would roll it back 20 for one and get it over with. Then do a reasonable raise after getting share price up,and this would require bringing in new managment (IMO) and then it may do well. Otherwise, I expect years of low price an even greater number of shares out, and at best short term spikes involving pennies at best, most likely news released based and promotional based on "future" deal or potential etc etc. The buying will be created by fresh uninformed investors, all my opinion, of course. Or maybe they can sell it to one of the majors on the island if they prove up enough, but I doubt that, as others have huge potential being looked at already.
The trade is .04 or less selling for a .01 plus profit if it moves up on any volume, as I see it, and it would have to be quick, on any spike, because of so many folks waiting for same.IMO It does not seem worth the attention of most, and thus why so little volume in terms of shares or dollar value.