Post by
d1investor on Apr 28, 2021 12:47pm
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.
Comment by
d1investor on Apr 28, 2021 12:50pm
TVIRD efforts to complete a PSE listing and IPO have been put on hold pending further clarification of the DENR’s position on various mining policies under the continuing Administration of President Rodrigo Duterte that was elected to power in May 2016. Has something changed here? It looks like they are still on hold.
Comment by
d1investor on Apr 28, 2021 12:56pm
and this looks positive, and gives a sense of timeline, potentially. The TSF is being constructed in stages to accommodate progressively increasing resources as they are defined. It is expected that tailings deposition in the first phase, Stage 1, will commence by June 2021 with the commissioning and operation of the processing plant. Completion of the TSF is a critical path item
Comment by
d1investor on Apr 28, 2021 12:58pm
Sorry, Just realized all of this was from the Dec. 31 MD&A. Old news in a way. sorry for the distraction, no back to your regularly scheduled programming. Rooster?
Comment by
rockingrooster on Apr 28, 2021 12:58pm
Not a concern, all companies have to include divulge these facts/unknowns etc..Keep in mind that any future operating costs/development costs will be more than covered by TVI's 30.66% investment In TVIRD. That means 30.66% of Balabag's net profit.gltu
Comment by
d1investor on Apr 28, 2021 1:02pm
thanks, Hopefullt they are pulling in cash soon, so they don't get in a cash crunch
Comment by
stever50 on Apr 28, 2021 2:18pm
Some nice volume today. Good sign