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TVI Pacific Inc. V.TVI

Alternate Symbol(s):  TVIPF

TVI Pacific Inc is a Canadian company focused on the acquisition of resource projects in the Asia Pacific. Through its investment in TVIRD (Philippines), TVI has an interest in the operating mines Balabag (gold/silver) and Agata (nickel laterite), Siana (gold, preparing to restart) and the Mabilo project (copper, through Mt.Labo Exploration Development Corporation). TVI is the owner and operator of the former operating mine, Canatuan (copper).


TSXV:TVI - Post by User

Post by d1investoron Apr 28, 2021 12:47pm
162 Views
Post# 33083166

Is this concerning?

Is this concerning?from the financials:

TVI is presently dependent on the sale of portions of its interest in IGES shares and possible distributions from its joint venture investment in TVIRD, which the Company does not control, to continue its operations and to fund expenses. These undertakings, while significant, and considering also that since January 20, 2020 IGES has been suspended from trading on the Australian Stock Exchange (“ASX”) (see INVESTMENT IN INTEGRATED GREEN ENERGY SOLUTIONS LTD for additional information), are not sufficient in and of themselves to enable the Company to fund all aspects of its operations and, accordingly, management is pursuing other financing alternatives to fund the Company's operations and to pursue interests in resource projects in the Asia Pacific region that can be rapidly developed and put into production to generate revenue and cash flows so it can continue as a going concern. Nevertheless, there is no assurance that these initiatives will be successful.
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