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Gold/Mining/Energy : TVI Pacific TVI (TSE)

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To: Tim Cruise who wrote (67)11/13/1997 4:01:00 PM
From: Gerry   of 152
 
Tim, I am just going to jump in for a minute. TVI is yet another junior with lots of potential but little current substance. Management appears to be focusing on cash conservation. The current gold price is not very conducive for gold exploration juniors, which makes me wonder about the status of the Canatuan project as the financing was negotiated at higher gold prices. Exploration in the southeast asian area must show a slowdown in the nearterm causing a ripple effect for EDCO. Therefore any prediction of management on the nearterm financial performance of the drilling company is overly optimistic. The shareprice reflects the current state of the company whose price dipped to a low of $.075 today.

Regards Gerry
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