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TVI Pacific Inc V.TVI

Alternate Symbol(s):  TVIPF

TVI Pacific Inc. is a Canadian resource company focused on mining projects in the Philippines. The Company holds a 30.66% interest in TVI Resource Development Phils., Inc. (TVIRD). TVIRD's assets include the wholly owned Balabag gold-silver mine and Siana gold mine (Siana). It also has in its portfolio of projects its 100%-owned Mapawa project (gold), a 60% indirect interest in the Mabilo project (a copper-gold-iron skarn deposit that offers potential for multi-metal products, namely copper, gold and silver, with by-products magnetite and pyrite), and a 60% interest in Agata Mining Ventures Inc. (nickel/iron DSO mine). Siana is located in Tubod, Surigao del Norte, approximately 35 kilometers from Surigao City and near to Lake Mainit. The Balabag Gold and Silver Mine, which spans a 4,779-hectare Mineral Production Sharing Agreement. The mine is situated within the municipalities of Bayog in Zamboanga del Sur and Diplahan and Kabasalan in Zamboanga Sibugay, Mindanao, Philippines.


TSXV:TVI - Post by User

Bullboard Posts
Comment by Olderwisernowon Aug 09, 2008 2:11pm
199 Views
Post# 15371614

RE: Question

RE: QuestionWhat you have to consider regarding an investment in shares here is not whether only the bridge financing gets repayed, its whether you or any shareholders ever see a return. Most of these types of deals involve the lender either taking over the assets if not repayed, or many varied combinations of terms that puts them in a very favorable position. Why would anyone invest? To get a return on their money, but you can bet they have protected themselves and are in a WAY stronger position than current shareholders, or they would have to be the only bridge financing I have EVER seen which does not. So just because someone is willing to invest, does not mean you get a return. In fact it may turn out to be the complete opposite. IE They may, depending upon the terms, end up with the assets, and the shareholders end up with ???? Check out the terms, I can't be bothered, the history here says to me, don't touch it with this management, as they have not provided much return to many shareholders as I am sure you are more than painfully aware. I said previously I thought it was completely dead money for the next months at best. I still hold that opinion. No hurry here, the future is FAR from clear. IMO but for those of faith, I hope it works out.
Bullboard Posts

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