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Tivan Limited
(OTC:TVN)
Tivan Limited (TVN) vs. iShares MSCI Australia ETF (EWA)
Tivan Limited Business Overview & Revenue Model
Tivan Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 75.00K | 0.00 | 184.00K | 149.00K | Gross Profit |
| -466.00K | -523.00K | -405.00K | -342.00K | -147.00K | -189.00K | EBIT |
| -64.06M | -63.05M | -7.31M | -4.89M | -2.89M | -2.87M | EBITDA |
| -63.45M | -62.44M | -6.59M | -4.54M | -2.56M | -2.53M | Net Income Common Stockholders |
| -68.91M | -67.83M | -7.08M | -4.89M | -2.90M | -2.88M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 2.62M | 378.00K | 1.30M | 14.64M | 12.03M | 8.81M | Total Assets |
| 33.95M | 27.65M | 81.52M | 73.40M | 66.12M | 56.19M | Total Debt |
| 3.62M | 3.57M | 212.00K | 111.00K | 253.00K | 361.00K | Net Debt |
| 1.00M | 3.19M | -1.09M | -14.33M | -11.18M | -8.26M | Total Liabilities |
| 9.13M | 13.82M | 9.59M | 2.55M | 2.84M | 3.11M | Stockholders Equity |
| 24.82M | 13.83M | 71.92M | 70.85M | 63.28M | 53.08M |
| Cash Flow | Free Cash Flow | ||||
| -3.55M | -8.71M | -12.38M | -8.61M | -9.16M | -16.06M | Operating Cash Flow |
| -3.48M | -4.32M | -4.79M | -3.26M | -2.15M | -2.92M | Investing Cash Flow |
| -12.27M | -8.31M | -8.28M | -5.38M | -7.02M | -13.14M | Financing Cash Flow |
| 15.50M | 11.71M | -76.00K | 11.65M | 11.98M | 4.56M |
Tivan Limited Technical Analysis
Tivan Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $2.01B | -1.26 | -21.11% | 4.38% | 2.92% | -30.46% | |
46 Neutral | AU$190.24M | ― | -133.50% | ― | ― | -768.75% | |
| $138.87M | 3.68 | 5.68% | 5.46% | ― | ― | ||
| $176.09M | ― | -428.37% | ― | ― | ― | ||
| $134.53M | ― | -19.11% | ― | ― | ― | ||
| €119.16M | 12.71 | 8.27% | ― | ― | ― | ||
63 Neutral | AU$209.06M | 1.32 | 257.93% | 1.84% | ― | ― |
Tivan Limited Corporate Events
Tivan Limited has requested a trading halt on its securities pending the announcement of a binding joint venture and funding agreement for the Speewah Fluorite Project. This trading halt is expected to remain until the announcement is made or until normal trading resumes on 7 May 2025, indicating a significant development in the company’s operations that could impact its market position and stakeholders.
Tivan Limited has announced the issuance of 12,500,000 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code TVN. This move is part of the company’s strategic financial operations, potentially enhancing its market liquidity and investor base.
Tivan Limited has announced a change in the director’s interest notice, specifically concerning Grant Francis Wilson. The changes involve the conversion of performance rights into ordinary shares, reflecting a shift in the director’s holdings. This adjustment in securities indicates a strategic alignment with the company’s performance metrics and may influence stakeholder perceptions regarding the company’s governance and future performance.
Tivan Limited has made substantial progress in its quarterly activities, including advancing towards a joint venture with Sumitomo Corporation for the Speewah Fluorite Project and obtaining exploration licenses for the Turiscai Project in Timor-Leste. The company has also commenced a diamond drilling program at the Aileron lead-silver target and achieved excellent flotation testwork results for the Speewah Fluorite Project. Additionally, Tivan finalized a Resourcing Protocol Agreement with the Kimberley Land Council to support negotiations for an Indigenous Land Use Agreement. The company completed a $9 million share placement and acquired the Sandover Fluorite Project. These developments enhance Tivan’s operational capabilities and strengthen its position in the mineral resources sector.
Tivan Limited has made significant progress in forming a joint venture with Sumitomo Corporation for the Speewah Fluorite Project in Western Australia. Sumitomo has established an entity in Japan for the investment, and an application for approval has been submitted to the Australian Government’s Foreign Investment Review Board. The finalization of the joint venture agreements is in its last stages, with an extension of exclusivity arrangements agreed upon to facilitate the process.
Tivan Limited has appointed Francisco da Silva Mendonça as the Country Representative for its Turiscai Project in Timor-Leste, marking its first local hire in the region. This appointment is part of Tivan’s strategy to establish a local presence and engage with the community as it embarks on a multi-stage exploration program for copper and gold. The project aims to define a maiden Mineral Resource through systematic exploration activities, in collaboration with Timor-Leste’s National Mineral Authority and the Institute for Petroleum and Geology.
Tivan Limited has successfully completed the full redemption of its initial $3.3 million tranche of convertible notes issued to SBC Global Investment Fund ahead of schedule, strengthening its balance sheet and reducing the supply of shares in the secondary market. This move reflects Tivan’s strategic financial management and positions the company favorably within the industry, highlighting its ability to manage debt effectively and maintain strong relationships with investment partners.
Tivan Limited has made significant progress in forming a joint venture with Sumitomo Corporation for the Speewah Fluorite Project in Western Australia. The company has completed several preparatory steps, including restructuring ownership and securing necessary legal and financial clearances, to facilitate the joint venture’s establishment. The binding agreements are expected to be executed soon, with Sumitomo seeking approval from the Australian Government’s Foreign Investment Review Board. This collaboration is anticipated to enhance Tivan’s operational capabilities and market position.
Tivan Limited has completed the acquisition of the Sandover Fluorite Project, marking a significant step in its strategic expansion in the Northern Territory. The project is expected to enhance Tivan’s market position by leveraging its capabilities and potentially increasing its valuation. The company plans to commence drilling and a scoping study by Q4 2025, with a focus on defining a fluorite deposit suitable for mining and processing operations. Tivan is also exploring expedited project pathways and engaging with environmental and technical consultants to advance the project.
Tivan Limited announced successful completion of flotation optimisation testwork for its Speewah Fluorite Project, achieving significant improvements in fluorite grades and recoveries. The testwork results, which include grades of up to 98.8% CaF2, support the engineering design of the process plant and are crucial for the ongoing Feasibility Study. The company is also evaluating the potential production of a metspar by-product and has a non-binding Memorandum of Understanding with Sumitomo Corporation for a joint venture, indicating strategic partnerships to advance the project.
Tivan Limited has been awarded seven contiguous Exploration and Evaluation Licenses for the Turiscai Project in Timor-Leste, marking a significant expansion in the region. The ceremony, attended by high-ranking government officials and community leaders, underscores the company’s commitment to social responsibility and the government’s focus on best practices in the mining sector.
Tivan Limited has been awarded seven contiguous exploration and evaluation licenses in Timor-Leste, forming the Turiscai Project, which is highly prospective for copper-gold mineralization. This strategic acquisition aligns with Tivan’s focus on critical minerals and enhances its project portfolio. The project benefits from its proximity to Tivan’s headquarters in Darwin and major transportation routes, facilitating a multi-stage exploration campaign. The award of these licenses, confirmed by the Prime Minister of Timor-Leste, underscores Tivan’s strong regional relationships and commitment to community development, potentially strengthening its position in the mining sector.
Tivan Limited, a company listed on the Australian Securities Exchange (ASX) under the code TVN, has requested a trading halt on its securities. This decision is pending an announcement regarding the award of mineral concessions. The halt will remain until the announcement is made or normal trading resumes on March 17, 2025. This move indicates a potentially significant development for Tivan Limited, which could impact its market position and stakeholder interests.
Tivan Limited has released its half-year financial report for the period ending 31 December 2024. The company, listed on the Australian Stock Exchange, provides insights into its financial performance and strategic positioning, highlighting its ongoing commitment to stakeholders and market presence.
Tivan Limited has disclosed its current share distribution, revealing that a significant majority of the shares, 97.76%, are held by a small group of large stakeholders, suggesting a highly concentrated ownership structure. This distribution indicates limited public float and could affect liquidity and market perception of the company’s shares, potentially impacting investor relations and market dynamics.
Tivan Limited has released a snapshot of its top 20 holders of listed options expiring on 30th September 2027, each priced at $0.20. The list is led by J P Morgan Nominees Australia Pty Limited, which holds 20.34% of the units, followed by Evolution Capital Pty Ltd with 18.24%. The top 20 holders collectively own 92.38% of the total units, indicating a concentrated ownership structure that could impact future decisions and strategies of the company.
Tivan Limited has announced a change in the interest holdings of its director, Grant Francis Wilson. The director has acquired 1,000,000 ordinary shares through an on-market purchase, increasing his holdings in the company. This transaction reflects a commitment to the company, potentially signaling confidence in Tivan Limited’s future performance. Stakeholders might view this as a positive indicator of stability or anticipated growth.
Tivan Limited has announced the proposed issuance of 1,000 ordinary fully paid securities, with the issue date set for February 21, 2025. This move, disclosed in accordance with ASX listing rules, indicates Tivan’s strategic maneuver to bolster its financial standing and possibly enhance its market operations, though specific implications for stakeholders have not been detailed.
Tivan Limited has issued a Target Market Determination (TMD) for quoted options related to its shares, effective February 20, 2025. The TMD outlines offers of broker options to Evolution Capital Pty Ltd and placement options for participants involved in the company’s institutional placement, aimed at raising approximately $9 million. These options are targeted at investors familiar with the speculative nature of mining investments and are designed to provide the right to acquire shares at a set price, with the potential for profit from future share price increases. The announcement aims to strengthen the company’s financial position and investor engagement.
Tivan Limited has released a prospectus for the offering of securities, including quoted options and fully paid ordinary shares. This prospectus aims to facilitate the removal of trading restrictions on shares issued prior to its lodgment. The release of these securities, with an exercise price of $0.20 expiring in September 2027, signals a speculative investment opportunity for stakeholders.
Tivan Limited has announced a new issuance of 85,714,289 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code TVN. This issuance is part of previously announced transactions and is expected to enhance Tivan Limited’s market presence and liquidity, potentially impacting its operational strategy and offering opportunities for stakeholders.
King River Resources Ltd (ASX:KRR) has successfully completed the sale of its Speewah Project to Tivan Limited (ASX:TVN) for a total of $20 million. The transaction included an equal split of $10 million in Tivan shares and $10 million in cash payments. The final cash payments were completed by December 2024, and the share price condition was met, so no additional shares were issued to KRR. Both companies have now executed a Deed of Release, finalizing all contractual obligations, and KRR has released its security over the project.
Tivan Limited has completed its acquisition of the Speewah Project from King River Resources Limited (KRR) in the Kimberley region of Western Australia. The acquisition process involved a $20 million deal, including shares and cash payments, finalized with a Deed of Release, indicating no further obligations or liabilities. This milestone aligns with Tivan’s strategic plans, including a proposed joint venture with Sumitomo Corporation for the Speewah Fluorite Project, potentially enhancing Tivan’s market position and operational capabilities.
Tivan Limited has finalized a Resourcing Protocol Agreement with the Kimberley Land Council Aboriginal Corporation for the Speewah Project. This agreement sets the stage for negotiations on an Indigenous Land Use Agreement, reflecting Tivan’s commitment to fostering inclusive relationships with native title holders. The arrangement includes a series of negotiation meetings and aims to secure a timely agreement that aligns with Tivan’s project schedule, potentially setting a new standard in the Australian critical minerals sector.
Tivan Limited announced significant progress on its Sandover Fluorite Project in Australia’s Northern Territory, highlighting plans to commence drilling in late 2025 and conduct a Scoping Study by mid-2026. The project aims to exploit high-grade fluorite deposits, which are vital for semiconductor and energy transition industries. The company has engaged with local governmental and Aboriginal entities to secure necessary approvals and facilitate project development, while evaluating both expedited and traditional project pathways for resource extraction.
Tivan Limited is undertaking a non-underwritten placement of new fully paid ordinary shares to raise A$9 million from sophisticated and professional investors, with each two new shares offering one free attaching option. This equity raising effort, managed by Evolution Capital Pty Ltd, aims to strengthen Tivan’s financial position and potentially enhance its market operations by offering new options that are anticipated to be quoted on the ASX, providing a strategic opportunity for stakeholders.
Tivan Limited has announced a proposed issuance of securities, which includes options exercisable at $0.20 expiring on September 30, 2027, and ordinary fully paid shares. The proposed issue date for these securities is February 19, 2025. This move could potentially impact the company’s financial structure and market presence by increasing their capital base and potentially influencing shareholder value.
Tivan Limited has successfully secured commitments from both Australian and international institutional investors to raise up to $9 million through a placement of approximately 85.7 million fully paid ordinary shares at $0.105 each, representing a discount to recent trading prices. The funds from this placement are intended to support Tivan’s initiatives under the Australian Government’s International Partnerships in Critical Minerals Program and planned equity investments with Sumitomo Corporation. Additionally, the company offers free-attaching options to placement participants, which could potentially raise an additional $8.6 million if exercised, although there is no guarantee of this. Evolution Capital acts as the Lead Manager for both the share placement and the options offer.
Tivan Limited, listed on the ASX with the code TVN, has requested a temporary trading halt on its securities pending an announcement related to a proposed capital raising. The trading halt is expected to last until the announcement is made or normal trading resumes on February 13, 2025. This move is a strategic decision by Tivan Limited to prepare for the upcoming capital raising, which could have significant implications for the company’s financial strategy and investor relations.
Tivan Limited has initiated a maiden diamond drilling program at its high-grade lead-silver target at Aileron, part of the Sandover AI Project, following the execution of a Land Access & Compensation Agreement with Aileron Station. This significant milestone marks a strategic advancement for Tivan, as they collaborate with EARTH AI to assess the potential for a polymetallic mineral deposit. The company has secured necessary approvals and is working with the Northern Territory Government on a Regional Logistics Hub, aiming to enhance operational efficiencies and reduce haulage costs. The drilling program and subsequent geophysics work are expected to provide insights into the potential mineral resources in the area.
Tivan Limited has announced a change in the interest of its director, Christine Charles, who has acquired 1,000,000 Class B, C, and D Performance Rights following shareholder approval. This change reflects the company’s ongoing commitment to align director incentives with shareholder interests, potentially enhancing Tivan’s strategic growth and market performance.
Tivan Limited has announced a change in the interest of its Director, Guy Debelle. The change involves the acquisition of 1,000,000 Class B, 1,000,000 Class C, and 1,000,000 Class D Performance Rights, following shareholder approval. This update reflects the director’s increased stake and could influence the company’s governance dynamics.
Tivan Limited has announced a change in the director’s interest, specifically involving Grant Francis Wilson. The update notes the issuance of 5,000,000 Class A Performance Rights to Wilson, which were granted following shareholder approval. This change reflects a potential shift in the director’s strategic alignment with the company, suggesting a commitment to long-term performance goals that may influence future business directions.
Tivan Limited has announced the issuance of several classes of performance rights as part of an employee incentive scheme. These unquoted securities, which include Class A, B, C, and D Performance Rights, total over 30 million units and are subject to transfer restrictions, indicating a strategic move to retain and motivate employees.