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Joelsmith2452

917 Posts.

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07/12/16

12:23

Post #: 21164930
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Originally posted by invertedva ↑

I thought about selling out too but have decided to stay put.
It concerns me that Messina is another insider. And that Keenihan, the only one with a significant chunk of stock, it stepping down. What concerns me is that they might think to do a complete reset, and dilute existing shareholders into oblivion.
What stayed my hand was the fact that Keenihan still owns a significant chunk of stock and won't let the value be completely destroyed without a fight (I hope). Also, we also still own 36.5% of Warro... with a small amount of farm-in expenditure to come (if Alcoa elect to proceeded). Given the costs, I don't think TSV will get it drilled and flowing themselves (Keenihan's resignation lends weight to this assumption). But I still think the assets are worth something to a larger firm with deep enough pockets to develop the resources... and that this value underpins the pitiful current market cap of ~$8-9 million. Also the Xanadu drill is actually quite prospective if they can find that final partner.
Also , the fact Messina is younger and seems to be the driving force behind the Origin strategy suggests he actually has the fire in the belly to do something with the company he's been gifted by his mates.
One can only wait and pray (or sell).
I'd also like to see Messina buy some stock in the next couple of days,

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Let's hope that the larger firm you are talking about is Warren Buffett’s Berkshire Hathaway!!!

Not a bad endorsement for TSV that a company as big as Berkshire Hathaway was willing to get in to bed with us

http://www.theaustralian.com.au/bus...n/news-story/33c8c45a3e7f2c493e6505fc5348f96d

TSV Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

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Abandon ship!, page-4

Top Stories

Chaos reigns markets – so let's take stock of where we're at ahead of December

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up