Post by
rockingrooster on Jun 11, 2023 2:42pm
Few points from last fins...
Balabag.. through to May 31, 2023, bringing the total number of shipments since completion of the first shipment on September 30, 2021 to 55 shipments in the amount of 70,894 AuEq oz.
Siana...As of May 31, 2023, 352 kilograms of dor containing 4,148 ounces of Au and 6,906 ounces of Ag have been smelted
Comment by
Luckygerman11 on Jun 11, 2023 3:11pm
...and TVI make a loss...
Comment by
rockingrooster on Jun 11, 2023 3:17pm
Loss was expected since the funds generated by Balabag are employed to get Siana up and running.This is surely better than obtaining financing from some China bank.By the time Siana is fully commisioned both Balabag and Siana could be debt free.This would dramaticaaly reduce the aisc for both.good luck to you.
Comment by
Luckygerman11 on Jun 11, 2023 4:56pm
Maybe right, but TVI sell new shares for solvency
Comment by
TheCardinal on Jun 11, 2023 9:34pm
There is absolutely no concern about TVI's "solvency". Es gibt kein Problem mit der Zahlungsfhigkeit von TVI
Comment by
Skyman on Jun 12, 2023 11:33am
I think there are still issues with solvency. The company pays 1.5 mil in salaries every year with zero earned revenue. Unpaid back pay is now 2 mil as per annual report. The only money they get is token dividends from TVIRD, so they are always cash starved. Now they are selling shares to make ends meet. 53.6 mil @ 2.5 cents and 18 mil @ 1.5 cents. Steady dilution.