A more positive spin on the $40M “bought deal” TVC pp is, I suggest, that the various funds are finally taking a serious interest in the company’s activities. I’d wager that 80% – 90% of the placement is with institutional clients, which, if correct, bodes well for those of us who are average retail shareholders.
We have to remember that funds rarely flip stocks, but rather review their portfolios’ balances on a regular basis. No doubt we’ll see traders flipping to clip a few pennies here and there, but activity so far has demonstrated that the bigger players don’t really care.
A couple of predictions, some of which have already been rumoured:
1] there is the potential that TVC, as it grows, will become a takeover target by a major.
2] in the near term, we’ll see a full TSX listing, and
3] we may even experience a break-up of the company into component parts ie. precious metals vs. uranium (energy), ie the spinoff of say the U activities into a separate publicly traded company.
In the meantime, the company is well financed as its exploration and development activities proceed on schedule.
Just thinking out loud!
Cheers,
Brit |
