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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 > Getting back in
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Comment by nkbourbakion Nov 22, 2017 5:35pm
161 Views
Post# 27015059

RE:RE:RE:RE:RE:RE:RE:RE:RE:Getting back in

RE:RE:RE:RE:RE:RE:RE:RE:RE:Getting back inI thought the earnings were okay on a relative basis.

I really don't understand the kudos being given by some posters here for them lowering expenses.  It is completely unbelievable how much they're paying themselves for what they're doing (and how well they're doing it).  The expense run rate is pure lunacy.Then we have increased stock-based compensation... 

Agree with another poster's comment about the "opportunities" vs lack of activity.  Are they trying to demonstrate that they're being really careful?  Based on some of the stuff they *do* eventually invest in, I think it's fair to say that the "pipeline" is mostly a sewer.  

And then they mention in the quarterly PR that the market is currently valuing them at 33% of NAV.  That's kind of what happens when you write off a big chunk of your assets every quarter.  Quite a spectacle.

I haven't delved into it deeply, but amidst the sea of perennial negatives the main positive (to me) was that there were no major surprises.  Still the same 7 companies that haven't paid what's owed, and all of that has been written down to 0 already.  Also the "past due" amounts appear to be within reason (ie. companies are currently paying what's owed).

Some mea culpa would go along way here.
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