TVI update

Market did not react properly to TVI last press release as many used the fact that zinc was not produced at rate and % expected. So they dumped their shares. Oh by the way 2M shares where traded that day: meaning 0,5%. WOW. If this is a dumping where are the others... In the case of TVI a dumping would mean close to 40M shares. You want to talk about a dumping: YRCW went down to 0,10 with 230M shares traded in 1 day being 23% of the total shares outstanding. That is a dumping. But 2M shares: come on let's get serious. It was only some frustrated or unhappy  (even day traders) who sold their shares.

Now who in the world would have imagine TVI to become a Zinc mine???

A zinc mine: are you crazy? why would they sacrifice copper % at over 3,25$ to get some coins for zinc at less than 1$ .

Zinc was supposed to add some $$$ to their bottom line and nothing is over. They simply do not have the exact recipe to extract zinc properly without sacrificing copper.

Remove the one time event of repaying the debt and you are still left with close to 5M$ in profit for the quarter. mind you, it is a lot better than Q2 2009 if you remember.

This is another great buy opportunity and full report will be published this week after i have time to read between the lines and analyse completely Q2 and Management discussion. But just as an appetizer, total debts have come down from 34M $ at dec 2009 to less than 18M$. Isnt that close to 50% total debt reduction???

Do not expect me to jump the gun at them: TVI is doing what they said they would do, they produced whatever they say will be produced and as far as i know the only glitch is the zinc circuit not operating as they want.

Again DO NOT INVEST MORE THAN WHAT CAN LOOSE but TVI is a great opportunity with over 3 years mine life, balabag results coming (mind you they are still drilling out there...do you think they would be doing that if no gold had been found yet???)

Have some great trading

François