TVI NEEDS NEW MANAGEMENTThe report means nothing, as you point out. Some of what is important and needs changing I will point out as follows:
1. Management: long history here of failing to provide great returns to investors, dilution of stock, and inability it seems to let go and hand it over to more aggressive people, whom I think could make this fly in the current environment. This is one of, if not THE biggest problems here. I say to them: show me I am wrong. Look at a ten year chart of this, or even longer. Look at current market, your results over last few year to various investors, your communication ability, how you are viewed by investment community, look at your salaries, what about your stock options(problem here folks which they are aware of), accounting, partnerships, achieving value from properties owned, convincing investors of value so that stock reflects high value, marketing, drilling division in an incredible market for new exploration, etc etc etc. Hand this over to new aggressive, knowledgeable younger people. It probably IS that simple, for short term stock results. But will it happen? NO Because it appears this is a small group who keep control and continue to dilute stock, and have their own priorities coming before existing shareholders interests, in my opinion. If not show us, tell us this is NOT the fact of the matter, and what you are actually doing to get results for current investors. The problem is, nobody is going to waste the time taking them out, with a shareholder revolt, or are they????
2. Current market: come on folks, we are in the BIGGEST bull market for precious metals, base metals IN HISTORY. This stock should be flying, because it does have potential,(thus my earlier comments on why this just may be a contrary investment) but they just do not know how to get any sort of reflection of this, BECAUSE of THEM. The accounting debacle should be the best example to date. Just review how they predicted, and handled this in terms of shareholders. Just reflect how they are STILL handling this! Its them folks, get it yet? And I say because of this inability, until that changes, it will be lucky for anything else to change. Why? They have been at this for a long time, so look at what they have said, and then accomplished, or just look at stock chart, as the price reflects REALITY.
3. Stock dilution: because they can't seem to promote, even what they have, this is a worst case for performance, when you have a large number of shares out. In other words, if you have great management(history of success), promoters and potential, then maybe you can keep a stock/market cap up, because people have expectation/hope for great results moving forward. EVEN if this is based on the ability to move a stock price on speculation. And do not underestimate this quality, because it enables companies to raise money at favorable rates (limit dilution) vs complete dilution which can produce an endless spiral of dilution, until the inevitable roll back, or worse, versus being well capitalized and able to explore expand without such large dilution. And of course any partner, joint venture etc. KNOWS this, and makes it ever more difficult to stike favorable deals. Look at the history here folks, and draw your own conclusion.
What needs to be done: best would be THESE people to take aggressive action, and bring in new folks, reduce by offering as incentive, same, some of their stock positions, so there is not more dilution, and they as well as others would benefit possibly. OR sell company to someone, who can get value. Will either happen. I DOUBT IT. Ego and old time stubborn approach is the rule here in my opinion. So it is down to luck, or can they actually for once pull off a deal which makes this fly. I do not know, but reading here indicates nobody else does either. So because it is such a low priced entity, most just hold their positions and hope for the best. Which they know is the case as well. Its single digits until they do something, and then???????? All the rest is nonsense. So I will think about buying in on the lows again,(under .09 range) as frustrated investors will probably dump a bunch more, and then waiting for potential of some sort of action, probably driven by asset base alone, in this case, with rising price of commdities. Just think what this would be trading at if Copper, Gold, and the rest sunk big time! Could I say that it would fall off a CLIFF.roflmao