TVI Pacific Inc V.TVI

TVI 3rd quarter FINS out this morning...pretty decent.

[rockingrooster]

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00001837

[rockingrooster]

 Mining operations at October 31, 2021, are now feeding the plant directly and it is expected the average grade of feed will increase as higher-grade mineralized resource is mined. Mill plant availability through October averaged 85% with recoveries averaging 91% for Au and 84% for Ag. Through October also the Mill operated at an average processing rate of 1,061 tpd with head grades of 2.0 g

[rockingrooster]

A fourth shipment of gold dor has been completed on November 11, 2021, in the amount of 1,460 gold equivalent ounces, contributing a further $3.3 million (US $2.6 million) in gross proceeds to TVIRD and bringing the total shipped to date to 4,961 gold equivalent ounces. On October 23, 2021, TVIRD made its third repayment in relation to the 5-year term loan with China Banking Corporation in the

[Bludstan]

Nothing to make the share price move though.. just a sign in the right direction

[d1investor]

Does the bleow change when they are producing more Gold?  From this comment, it looks like there is risk to the business as a whole.  Am I missing something?  It sounds like they are running out of cash.  TVI is presently dependent on possible distributions from its joint venture investment in TVIRD, which the Company does not control. While significant, the TVIRD dividends