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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 May 31, 2008 3:29am
308 Views
Post# 15130216

RE: Walk the Talk Cliff

RE: Walk the Talk CliffI will say it verrrrrrrrrry slowwwwwwwwwwwly. What this company needs is NEW MANAGEMENT. For current investors this would require a shareholder revolt. Suggested previously, but will probably never happen.
Also needs a roll back of shares, probably 10 if not 20 to one. Problem is, if this group did it, it would just keep the real problem in place. It is amazing what shareholders will endure in Canada without throwing out managment. If ALL the existing retail shareholders voted against these guys, then they could probably get a new group in who actually would take these assets and get value for current shareholders.imo
In answer to your question, there is NOTHING DIFFERENT here. That is THE PROBLEM. I think you have a managment group that are HOPELESS. They can find, but not manage, it appears. Many mistake these two things, and think one begets the other. It does not. Letting this management control cash flow, issue stock, options and day to day running of an operation looks like a recipee for continued disaster in terms of shareholders. When will people realize this? Probably at 0.00 IMO
Bullboard Posts