TVI Pacific Inc V.TVI

Alternate Symbol(s): TVIPF

Metals & Mining Industrial Metals & Minerals

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

TVI Pacific Inc > Supposed IPO

<< Previous

Bullboard Posts

Next >>

Comment by rockingroosteron Jun 04, 2024 10:15am

368 Views

Post# 36070992

RE:Supposed IPO

Morning Longtimer.
I based my assumption on one of the main PSE listing requirements "Cumulative net income, excluding non –recurring items, of at least Php75 million for three (3) full fiscal years immediately preceding the application for listing."
Note TVIRD did not make a profit in 2023 and most likely will not in 2024 due to Siana costs.
Therefore Villar took control over TVI and will most likely roll TVIRD into TVI. Just like it used to be with the only difference is that Villar will own at least 75 %.gltu

<< Previous

Bullboard Posts

Next >>

E3 inches closer to Alberta's first lithium production plant