Ann: TVN Tivan Announces Return to Middle Arm, page-42

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15/02/23

08:49

Post #: 66252580
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Originally posted by Dollarsandsense: ↑

I agree with your sentiment wholeheartedly.

Playing devil's advocate though for a moment. There is still downside to this news.

This announcement stops just short of saying the refinery located at the mine site is fundamentally not economically viable.

We now pivot back to Middle arm as the obvious (and only) solution moving forward.

New found positivity and board refresh aside, we have already been down this road at Middle Arm. It failed.

My thoughts are therefore summarized as:

1) The previous board knew we were cooked. And marched on anyway, meandering through wasted processes until they were booted. My assumption is they were picking up these new opportunities such as green hydrogen / or new exploration tenements in an effort to ultimately transition away from Mt Peake entirely when it inevitably met it's end point. Disgusting management. Unethical. Bordering on illegal.

2) We now know the current bods thoughts on a refinery based at Mt Peake - it is not economically viable. That does speak to the razor edge this project is dancing with. We're talking massive revenue. We're also talking massive capex.

3) Middle arm failed once. The company now marches full steam back into that wall. If the doors don't open, Mt Peake is dead in the water.

So it's a proceed with caution for mine.

Overall I have absolute confidence with the current bod. What they have achieved in a short space confirms if this has any chance at success, they will deliver it for holders.
I've also got reasonable confidence in TIVAN as a process.
What I have low confidence in the last 6-12months and continue to have little confidence in is Mt Peake as a resource and the capex numbers needed.

Expand

I don’t consider that Middle Arm failed, PB spit the dummy and gave up, putting it in the too hard for him basket.

TVN Price at posting: 8.0¢ Sentiment: Hold Disclosure: Held
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Ann: TVN Tivan Announces Return to Middle Arm, page-42

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Ann: TVN Tivan Announces Return to Middle Arm, page-42

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