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what a bunch of self serving crap !obviously from inside -...

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Invforall8

33 Posts.

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24/03/24

17:44

Post #: 73033370
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Originally posted by JA20: ↑

Bruno:

I’m rarely here, but your passionate post deserves a response.

Some observations.

GW & his team (including a united board & superb advisors) have created something out of nothing. Literally, nothing.

Managerial determination, savvy & skill aside, every TVN investor knew or ought to have known that TVN was not going to be immune to the nuclear winter that has engulfed the critical minerals sector (however I agree with GW that mine closures such as we have seen lately often signal a bottom in the afflicted sector).

As much as Team GW has been a colossal upgrade in managerial competence, there was one thing TVN lacked: term funding.

We now have it.

L1 may not be a familiar name to most TVN shareholders, but I assure you they are superb investors, superb people & a great Australian success story (yes, with a growing US-based business as well).

As for financial derivatives, I think I am well qualified to comment.

Hotcopper is not the venue for a convertible note term sheet seminar, so I will just say this.

Have a look at Annexure A (page 5) of the filing I will paste below.

It is a standard, convertible note term sheet that to this trained eye (ear?) says two things very clearly:

A) the negotiation was amicable
B) L1 wants TVN to succeed, & this is a way of increasing their exposure.

Not that you were suggesting it, but I did sense a tinge of apprehension in your post: this is not a hostile transaction, it is clear that the L1 investment is a vote of confidence in the road ahead TVN.

We are all fortunate to have such a high-calibre, high-quality investor on board.

This transaction should substantially increase the probability that our superb managerial & executive team can execute with confidence, & deliver the long term objectives we are all here for.

Onwards.

With more upwards.

https://tivan.com.au/wp-content/uploads/2024/03/61199570.pdf

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what a bunch of self serving crap !
obviously from inside - declare yourself JA20

this is debt DEBT ! assume you all know what that means
a CN is debt!!

looking back - this bunch of “ high calibre …” whatever - all it’s done is put the company in debt !
$20m to KR
now
$13m to L1

desperation capital raising means no share price increase and with debt means …..

… and another warning in the 6 monthly from auditors on going concern.

how many red signals do you need

say no more

TVN Price at posting: 5.9¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 4.8¢		Change -0.002(4.00%)		Mkt cap ! $84.63M

Open	High	Low	Value	Volume
4.8¢	4.9¢	4.7¢	$39.38K	824.4K

Buyers (Bids)

No.	Vol.	Price($)
1	32320	4.8¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
3	99849	0.047
6	826000	0.046
8	830452	0.045
1	227295	0.044
1	13000	0.043

Price($)	Vol.	No.
0.050	617581	6
0.051	63614	2
0.052	500000	1
0.053	147612	1
0.054	25000	1

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what a bunch of self serving crap !obviously from inside -...

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what a bunch of self serving crap !obviously from inside -...

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