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TVI Pacific Inc V.TVI

Alternate Symbol(s):  TVIPF

TVI Pacific Inc. is a Canadian resource company focused on mining projects in the Philippines. The Company holds a 30.66% interest in TVI Resource Development Phils., Inc. (TVIRD). TVIRD's assets include the wholly owned Balabag gold-silver mine and Siana gold mine (Siana). It also has in its portfolio of projects its 100%-owned Mapawa project (gold), a 60% indirect interest in the Mabilo project (a copper-gold-iron skarn deposit that offers potential for multi-metal products, namely copper, gold and silver, with by-products magnetite and pyrite), and a 60% interest in Agata Mining Ventures Inc. (nickel/iron DSO mine). Siana is located in Tubod, Surigao del Norte, approximately 35 kilometers from Surigao City and near to Lake Mainit. The Balabag Gold and Silver Mine, which spans a 4,779-hectare Mineral Production Sharing Agreement. The mine is situated within the municipalities of Bayog in Zamboanga del Sur and Diplahan and Kabasalan in Zamboanga Sibugay, Mindanao, Philippines.


TSXV:TVI - Post by User

Post by TheCardinalon May 30, 2023 4:20pm
632 Views
Post# 35471027

This suggests some imminent deal

This suggests some imminent dealTVI owns 30.66% of TVIRD, and Villar's holding company has nearly all the rest at 68.42%.  That leaves less than 1% for "somebody else", probably Villar's dog.  

But now Villar wants more, so he buys a larger interest in TVI itself, which leverages his whole interest when B2Gold or somebody else whips out their chequebook for the whole thing.

It also leverages his interest in TVI's piece of TVIRD, if and when TVIRD finally does its own IPO. 

Cagey fellow, that Villar.  Covers all his bases in one shrewd move. 




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