Tivan Ltd V.TVN

Primary Symbol: TNGZF

Metals & Mining Industrial Metals & Minerals

Tivan Limited is a critical minerals company primarily focused on the development of vanadiferous titanomagnetite (VTM) projects in Australia. The Company's projects include Speewah, Mount Peake, Sandover, Kulgera and Moonlight. The Company owns two large vanadiferous titanomagnetite deposits, the Speewah Vanadium-Titanium-Iron Project located 110 kilometers (km) southwest of Kununurra in Western Australia, and the Mount Peake Vanadium-Titanium-Iron Project located 230 km north of Alice Springs in the Northern Territory, Australia. The Sandover Project covers an area of over 8,000 square kilometers (km2) and is considered prospective to host lithium-bearing pegmatites, and also sediment-hosted copper and iron oxide copper-gold deposits. The Kulgera Project cover an area of around 1,231 km2. The Moonlight Project has two exploration licenses. The Company's projects also include Cawse Extended and Kintore East. It has developed a mineral processing technology - TIVAN+.

OTCPK:TNGZF - Post by User

Tivan Ltd > Substantive Analysis

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Comment by pierrelebelon May 13, 2016 12:08pm

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Post# 24870550

RE:RE:RE:RE:Substantive Analysis

Quite possibly you are smarter than the rest of us and your analysis is correct. However, analysts following this company have recently shifted their recommendations away from strong buy and buy to neutral

Take a look: https://web.tmxmoney.com/research.php?qm_symbol=GRC

3 "Strong Buy" and 2 "Moderate Buy" are all gone, leaving 4 "neutral"

You give much emplasis to cash flow but ignore net profit (or loss)

The dividend is NOT sustainable at current rate based on write off that must be taken. The dividend comes out of shareholders equity when a company is losing money.

Take a good look at the financial statements in their entirity, not just the "cash flow" line. Take a closer look at the quality of receivables. It is not as rosy as you may it to be.

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