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TVI Pacific Inc. V.TVI

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

Comment by Skymanon Aug 01, 2021 3:17pm
182 Views
Post# 33638610

RE:RE:Siana

RE:RE:SianaIt was in the latest quarterly report end of May 2021: "Due primarily to the uncertain environment in which the Philippine mining industry has operated since the nationwide audit of metallic mines was ordered by the Department of Environment and Natural Resources (“DENR”) Secretary under the Duterte Administration that came into power in June 2016, TVIRD has placed all activities relating to its proposed listing on the PSE and initial public offering (“IPO”) on hold."

Also, none of the TVI staff have been paid since 2016, so the Amount Due is up to about 1.5 million CDN. They are barely getting enough dividends from TVIRD to cover the corporate burn.
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