RE:RE:RE:Three Valley Copper was Sprott Resource HoldingsAs per debt term and last financing term - TVC has up to April 30th to transfer the entire amount of the last financing into MTV; 7m stillseparate from MTV
MTV need 21m to finalize the project and ramp up production for the next 12 months;
You need 21m - you have only 7m usd or 9m cdn; that 9m is separate from MTV;
The decision is easy; If Anglo and MTV dont find an agreemnt by April 30th for the 21m;
TVC will not transfer the 7musd and break the agreement - MTV will liquidate assets to pay Anglo;
May 1st - we have 7m usd or 9m cdn ( divided by 112m sharea= .08 per share cash )
We still have 95.1 % shares in MTV that is in bankruptcy; mean ZERO value
A shell worth around 1.5 to 2X cash in =.12 to .16 value for any mining producer to go public and vend in a profitable project into TVC ( RTO transaction )
+ 258m deficit can be use by the new. owner of the shell against futur profit ( valuation is around 5% of 258m or 12.5m or .10 per shares )
Mean if TVC is use as a shell - the possible value is anyway between .12 to .26 per TVC shares
I predict a deal prior April 30th with non dillution in shares for TVC - TVC can sale to a third partie a % of his 95.1% against millions needed to cover the 21m short to ramp up the project - if deal we transfer the 9m cdn - Remeber that Anglao was intended to invest another 11m in debt from last March 7th realse;
11+ 9 = 20m. we are not far of a deal;
jetfuel10X wrote: Notwithstanding these actions, based on MTV's current cash flow forecast, MTV will require additional financing in the next several months. Three Valley Copper currently maintains working capital of approximately $7-million (U.S.) separate from MTV but this is not sufficient to finance the expected financing gap at MTV and finance the company's continuing corporate requirements. Three Valley Copper is reviewing its alternatives while preserving its cash resources. jetfuel10X wrote: nickbillfish 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.