RE:TVI 3rd quarter FINS out this morning...pretty decent.Does the bleow change when they are producing more Gold? From this comment, it looks like there is risk to the business as a whole. Am I missing something? It sounds like they are running out of cash.
TVI is presently dependent on possible distributions from its joint venture investment in TVIRD, which the Company does not control. While significant, the TVIRD dividends are not sufficient in and of themselves to enable the Company to fund all aspects of its operations and, accordingly, management is pursuing other financing alternatives to fund the Company's operations and to pursue interests in resource projects in the Asia Pacific region that can be rapidly developed and put into production to generate revenue and cash flows so it can continue as a going concern. Nevertheless, there is no assurance that these initiatives will be successful.