Tri Vy Corp (AMEX:TIV)
CAPS Rating:
The Company is in the business of exploring, acquiring and developing petroleum and metal and mineral properties and interests therein.
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The Company is in the business of exploring, acquiring and developing petroleum and metal and mineral properties and interests therein.
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Sharp straight shooting CEO with good staff support. Can now drill with company rigs and service rigs, do not have to get in line behind everyone else and wait. Top people have their own money tied up in it. Mining is slow to start but have several proven properties and one large Nevada potential. Expect gold to move out of Alaska in 4 years. Additional oil should be flowing by start of '07.
12% interest loan from CEO, declining oil and gas production, negative cash flow for years, this company doesn't have long to survive
I like how this is waterlogger's only pick...