TSXV:TVC.H - Post by User
Post by
Sacks2022on Feb 08, 2022 9:47pm
251 Views
Post# 34410961
Did some research
Did some research So Vale owned this spent 250 million and sold it for 10% of that to a private family who then did nothing with it for 4 years until until they sold it to us. From my understanding they sold 40% of the copper ( I'm not clear if they got all the funds or what they did with it) They later went to a deep pocket lender who is backing them up. It seems like their production thus far has been a lost cause not generating any profits. They come up with very vague news about the continued support and timeliness of resuming production. ( big red flag to me) One if 2 things will happen here A) the news release was meant to garner intrest have a small pop and allow some big investors to cut their losses ( that's why we are stuck between. 09-.10). The volume drying up today may indicate they will start selling in the .08-.09 soon. When they have sold everything release news saying that after further studies the project is not as robust as once thought and that will be that. 2) I could be completely wrong and they announce that everything is back on track and stock atleast triples from here. I also think halting activities is a very serious development that will not be resolved in a week or 2 because if that was the case they would have resolved the issue while production continued. Finally I think their is a very high risk but also a very high reward here. As for me I'm gonna take my .01 loss and move on. These are neither facts nor advice it's simply one investors opinion. If this drops to .05 for lack of news I'll be back. I hope I'm wrong and glad longs.