Q1 results have been as expected with only 1 shipment but with recent changes in the number of shipments for the balance of the year (going to 2 per quarter) and a lesser penalty for quality of copper, this could be seen as a ray of light coming.
Naturally the biggest problem TVI is facing right now is the inability of the Phillippine govt to take action and fix once for all the mining policies that exist or should i say not enforced.
Until such action from the govt is taken, we will have a share price moving sideways between 0,025 and 0,04.
The positive side is that TVI still have many projects on the table getting ready to be officially started like Balabag, Canatuan mine life extension and surely many more.
TVI does have the money to either financ thes start up projects or even make a larger acquisition / join venture to increase shareholder value.
But at this time TVI is still a HOLD until such changes are implemented by the govt.
I do still expect a major rebound whenever this problem is fixed as i still believe that the projects are larger than the actual problems.
The results that will come from the actual quarter will be interesting to look at: 2 copper shipments, lower penalties and 1 zinc shipment.
I would then expect a profit in Q2 by about 2M$.
Naturally the biggest problem TVI is facing right now is the inability of the Phillippine govt to take action and fix once for all the mining policies that exist or should i say not enforced.
Until such action from the govt is taken, we will have a share price moving sideways between 0,025 and 0,04.
The positive side is that TVI still have many projects on the table getting ready to be officially started like Balabag, Canatuan mine life extension and surely many more.
TVI does have the money to either financ thes start up projects or even make a larger acquisition / join venture to increase shareholder value.
But at this time TVI is still a HOLD until such changes are implemented by the govt.
I do still expect a major rebound whenever this problem is fixed as i still believe that the projects are larger than the actual problems.
The results that will come from the actual quarter will be interesting to look at: 2 copper shipments, lower penalties and 1 zinc shipment.
I would then expect a profit in Q2 by about 2M$.
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