IKN

idle and fond bondage

Three Valley Copper (TVC): It really is goodbye this time

We first said farewell to Three Valley Copper back on January 24th, but somehow…

…this dead man walking managed to limp through almost five months, a period which included the near-inevitable “Can’t Be That Bad Surely?” dead cat bounce from people who don’t understand how balance sheets work. But tonight the humane bullet has finally been delivered:

Three Valley Copper Announces MTV Files for Creditor Protection in Chile

This may explain why Rick Rule is so keen on selling punters the opportunity to have dinner with him these days, TVC must have blown a rather big hole in his retirement fund. And please recall this humble corner of cyberspace was warning about this stock back in October 2021, the writing was already on the wall.

9 Comments

    A shell with no $ in worth around 1 to 2 million $;
    Historically; a mining shell value is estimate at 1.5 to 2X cash in+ an accumulated deficit is estimate at 5 to 15% value;At .03 with 112m share – TVC present value is around 3.6m Let’s say we take the minimum scenario;
    8m cdn cash X 1.5 = 12m value
    5% of 80m = 4m
    Present TVC as a shell value =16m divided by 112m share = .14
    FYI – in 2002 a company Wheaton river mineral was used as a shell with 5m $ in – today it’s Gold corp

    Reply

      The public company, Three Valley Copper, is expected to continue as a going concern even if a liquidation event occurs at MTV.

      Reply

    The public company, Three Valley Copper, is expected to continue as a going concern even if a liquidation event occurs at MTV.

    Reply

    Dillutuion will be in MTV – not TVC ; MTV is successful in restructuring its existing debt and in sourcing additional financing, there will likely be a material dilution to the company’s ownership interest in MTV, including the possibility that the company would no longer hold majority control of MTV.

    Reply

    TVC already started to look to new mining project to create value – TVC will be a brand new co in the next few months

    Reply

      Let me guess, Joe. Long TVC? Amirite?

      Reply

        Around 4m shares – average .055
        will buy another million or two under .04
        If I offer you to buy a business for 3.5m that have 8m in cash – no debt – anytime – TVC is probably the best shell in town

        Reply

          That moment when a complete unknown lays out details of their personal portfolio position in a comment under a blog in order to impress others.

          Reply

            we have a million more – just putting our $ where our mouth is – TVC will be a brand new company soon – forget Chili – my guess if MTV survive – TVC will have not more than 10 to 15% but of something free of debt – a value of 10m+ for TVC IMHO

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.