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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

Comment by Bludstanon Oct 29, 2024 6:45pm
62 Views
Post# 36287748

RE:Share Buyback ....

RE:Share Buyback ....TVIRD doesn't own TVI. TVI owns TVIRD. The structure for these companies and their multiple shells is quite the maze if you ask me. Though TVIRD might have some money, we don't konw, they're not public, they can't do a 'buyback' on TVI shares that would reduce the float. It's not within their purview. If they buy TVI shares, it's to own TVI, or reduce TVI's ownership of TVIRD (bad for us).

TVI though, they could do a buyback, but they don't even have any money to keep the lights on at the moment and to my knowledge, TVIRD has not restarted giving dividends to TVI so a share buyback is unlikely to happen. 

Don't get me wrong, I would love for that to happen. My biggest fear's a reverse split, where go could go back up to .10c say, on a 10-1 ratio, or worse, and then start dropping again.

We are years away from seeing anything positive imho. 
B.



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