RE: Today announcement This is the value of having cash as TVI does. It is very hard for companies to raise cash reasonably in today's run-down junior sector. If they place shares, they are doing so at a fraction of their actual value, and who wants to do that? TVI looks like its driven a hard bargain here for less than one million dollars.
This is what always got me about board posters wringing their hands and calling game over when one of TVI's own mine drillings turned out poorly. With the yield from one or two shipments, TVI could buy many junior exploration companies, and all their projects with it.