Excellent ann. and TVN is making the right progress in the right part of the world. TVN is a "BUY" in these current shareprice level, a Bargain buy. TVN - very big potential lays ahead to add value and reflect into shareprice. Still in exploration progress and building up a huge coal reserve. And its in Mongolia. Excellent position.
Away from MiningTax and CarbonTax - Mongolia thats the place to be. Australian,Indonesian,African Coal Mines Selling like Hot Cakes amongst Power Hungry Indian and Chinese Companies. Coal Mines in Indonesia,Australia,Africa and North America are selling like hot cakes as Indian,Chinese companies as well as mining conglomerates like Rio Tinto, Vale, BHP fight to secure raw materials. Note India and China are consuming huge amounts of coal to power their thermal plants.While China consumes a monstrous 3 billion tons, Indian demand is rising at more than 10% a year though on a smaller base. Coal is the cheapest form of power. With domestic coal production rising at a snails pace,these companies are racing to secure coal supplies at whatever price they can get.Steel companies too are hungry for coal as it forms a major component of their product.
TVN Price at posting:
5.7¢ Sentiment: LT Buy Disclosure: Held
