Based upon report, the Philippine Government should issue the new mining act this Friday.
This new mining act has been in need for a long time and has almost put all international mining projects on hold and TVI was no exception.
That being the case, this would signal the start of a good leg up for TVI share price.
At this time it is difficult to establish the impact of the new act in regard of taxes and delays for approving any new project but at least if that act goes out on friday as expected, well this is finally a great step in the right direction.
Here is the link to the article:
http://newsinfo.inquirer.net/216193/aquino-set-to-sign-mining-eo
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain.
This new mining act has been in need for a long time and has almost put all international mining projects on hold and TVI was no exception.
That being the case, this would signal the start of a good leg up for TVI share price.
At this time it is difficult to establish the impact of the new act in regard of taxes and delays for approving any new project but at least if that act goes out on friday as expected, well this is finally a great step in the right direction.
Here is the link to the article:
http://newsinfo.inquirer.net/216193/aquino-set-to-sign-mining-eo
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain.
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