TSXV:TVC.H - Post by User
Comment by
Iamjaygeeon Apr 05, 2022 10:42am
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Post# 34576539
RE:Three Valley Copper was Sprott Resource Holdings
RE:Three Valley Copper was Sprott Resource Holdingsnickbillfish wrote: I see many posts about assets and liabilities. Remember it was only a name change from Sprott Resource Holdings or SRHI (name after Sprott exited) to Three Valley Copper to emphasize its main asset. Sprott Resource, was set up by Sprott Inc as a M&A focusing on small commodity companies. They still own a share of an iron ore asset and I believe have 1 payment coming for the sale of Beretta Farms. The last bought deal raised funds at the corporate level to be used on the mine or MTV which TVC has 95.1% ownership. In many presentations they have stated TVC is not responsible for MTV's liabilities.
I never said or suggested tvc was responsible for MTV liabilities. Tvc has its own, and it can barely cover its short term liabilities with ALL assets. And it cannot cover its long term assets And at best tvc has 6 months of cash runway. THATS TVC... not MTV.