TVI has it dropped 70% .....The punters here must be thinking it is getting cheap. But what IS cheap? Didn't they say .14 was, then .10, then it was a steal at .06, the value was incredible at .05, they were loading up at .045, and now it trades a good deal of the real volume in a day at .04. Let me remind folks who thought that because it was pennies it was cheap. .04 is about 70% drop from .14 But just in case folks need a math lesson .045 is a 25% drop from .06
You would be hard pressed to have done worse elsewhere. TVI is a management disaster for shareholders. You can attempt to say whatever in their defence, but the share price is what it is. If you currently did not sell, then it appears if you have a substantial stock position then would get .035 to .04 currently. The question now is, where from here. Not so sure that we have seen the bottom. A roll back seems a likely scenario here to me, as the 400 million plus shares out there is a huge number. Because of all the uncertainty, baring good news, I think it tests all time lows, probably .025. Which from here if you see the price as .04 is another 37%, correct?
I tried to warn folks about leaving dead money in this sort of situation, and of course heard the usual nonsense about the messenger being the problem, vs the real folks bringing you this performance.
Still like Eldorado. But High River Gold is an especially good opportunity in this gold pull back and response to 2007 results. The pattern looks very similar to what happened to Eldorado when they released. That was a great buying opportunity. Take a look at charts. Consider if looking for an opportunity: HGR is projecting a doubling of gold production, and then look at realized price per ounce last year, and what might be expected on double the production this year.These are both real good prospects over next months. Big thing, is downside still less than I see TVI downside, from my point of view of course, with one huge advantage: liquidity for substantial positions. One must do their own dd. Curious, how many have done it on TVI? IF so, what are the predictions now: can people ever hope to see even the price before the trading halt? .14 It looks far away now, no?