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TVI Pacific Inc V.TVI

Alternate Symbol(s):  TVIPF

TVI Pacific Inc. is a Canadian resource company focused on mining projects in the Philippines. The Company holds a 30.66% interest in TVI Resource Development Phils., Inc. (TVIRD). TVIRD's assets include the wholly owned Balabag gold-silver mine and Siana gold mine (Siana). It also has in its portfolio of projects its 100%-owned Mapawa project (gold), a 60% indirect interest in the Mabilo project (a copper-gold-iron skarn deposit that offers potential for multi-metal products, namely copper, gold and silver, with by-products magnetite and pyrite), and a 60% interest in Agata Mining Ventures Inc. (nickel/iron DSO mine). Siana is located in Tubod, Surigao del Norte, approximately 35 kilometers from Surigao City and near to Lake Mainit. The Balabag Gold and Silver Mine, which spans a 4,779-hectare Mineral Production Sharing Agreement. The mine is situated within the municipalities of Bayog in Zamboanga del Sur and Diplahan and Kabasalan in Zamboanga Sibugay, Mindanao, Philippines.


TSXV:TVI - Post by User

Bullboard Posts
Comment by Olderwisernowon Mar 28, 2008 4:57am
336 Views
Post# 14915743

RE: no banks?

RE: no banks?I would have thought that if you actually had security, perhaps it would be protecting the main office and safe, especially when you have cash on hand. Perhaps they were protecting the unmined gold in the ground from sudden theft, or is that depleted yet? You would hate to wake up one morning and find millions of tons of rock missing, and have to make an announcment, reading, TVI mine is missing!
this company is just one long list of managment issues, from my point of view. The cash in itself seems like nothing, but it indicates something when nobody even knows it happened for a while. Where will they store any production, with the same security staff! Stock is listless, trading range bound, obviously waiting for definitive news on money and timing of events. As far as the filings, I have little faith, as in terms of projected dates of projects, they are just that, and history says one would have to wonder whether they actually get done on time, or at all, as I see it.
I think with the markets looking soft, loans and costs still a question, at least for me, that this stock may actually trend a bit lower, as the long frustrated move to greener pasteurs. Then it either gets its act together, or fades away on a major roll back, where they price and cap remain low. This is a show me proposition, not a promise me, as I see it. So far its promise, with little show, and thus .04-.045 is the price. Dollar volume is very low. No major accumulation going on here.
Bullboard Posts