I emailed TVI, here is what they saidThis was sent to me July 23,2007
As direct investors ourselves, we are clearly unhappy with the current share price despite the positive developments we have announced since the beginning of 2006, starting with the positive feasibility study for the Sulphide Project. The bottom line is that we have established a long term and sustainable business model and are confident our stock price will soon reflect the true underlying value we have today. This challenge acts to drive management more than ever.
There are a number of imminent key developments that we believe will assist the Company in moving share prices going forward. Most notably, we believe that an announcement relating to the continued development of the Sulphide Project may be a catalyst for positive share price movement. As you are aware, the construction of the new plant is well underway and we expect to be in a position to make further announcements of this type in the near term.
Following such an announcement, we can support a new price level with further, near/medium term activities. These may include such things as the continued developments at the Balabag property, the commissioning of the Sulphide Plant (which will significantly increase cash flows once in commercial operation), an acquisition/joint venture of another project (discussions and due diligence are in progress) and ongoing positive exploration results at other projects.
In China, we currently continue to negotiate with the authorities regarding the approval of our exploration licences. We admit that this has been a longer process than anticipated. In the interim, we have also been seeking a strategic local Chinese partner to advance projects, not only in China, but possibly in the Philippines as well.
Please feel free to contact myself or Paul Moon, the Director of Corporate Communications, if we may be of further assistance.
Best regards,
Ian McColl