RE: looking for an opinion The stock price unfortunately is giving you the answer. Remember what I said was my opinion on the ability of the current management to strike deals, or part with their employment positions, for something which is more beneficial to current shareholders, other than themselves. I still hold that opinion, and todays announcement is sooooooooooo typical of what you expect from TVI.
As well this perhaps answers the other question posed here regarding why they just do not sell. Would anyone offer them a continuous employment???? This is after all an employment vehicle for them, and they have put years into this, so parting is probably difficult, I would think.
The bottom line required here to get any sort of action, is relatively straight forward. Proven up reserves, able to be mined at a profit, which reflect real value, along with managment who can handle it so that the company actually benefits in terms of increasing worth, not just having it employ people for a few years, with no other benefit. ie accrue profit in a substantial way, and not spend it all. I keep saying it: my opinion is,sell it, merge it, but do not leave it in the current hands so that the story continues for another ten years, or just fades away.
This news release does NOTHING but create anxiety about whether they actually have something accomplished. It would not surprise me to see even another extension or blah blah blah coming. It is the TVI way! Your play here, if you like the shot, is as I said, to buy when it bottoms, probably under .09 as said previously, and hope for a pop on something in the way of real news. Will it happen????