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An update from Tivan Limited ( (AU:TVN) ) is now available.
Investigator Silver Limited has completed the sale of its 25% interest in the Molyhil tungsten-molybdenum project in the Northern Territory to Tivan Limited, receiving a $750,000 completion payment and bringing total upfront cash proceeds to $875,000. The company retains rights to a further $1,312,500 in deferred consideration over three years, half of which Tivan may elect to pay in shares, and views the divestment as a key step in streamlining its portfolio, crystallising value from a non-core asset and strengthening its balance sheet to support the advancement of its flagship Paris Silver Project and broader precious metals strategy.
The most recent analyst rating on (AU:TVN) stock is a Hold with a A$0.34 price target. To see the full list of analyst forecasts on Tivan Limited stock, see the AU:TVN Stock Forecast page.
More about Tivan Limited
Investigator Silver Limited is an ASX-listed exploration and development company focused on precious metals, with its core growth platform centred on the Paris Silver Project in South Australia. The company is rationalising its broader asset portfolio to concentrate capital and management resources on advancing Paris and other aligned precious metals opportunities.
YTD Price Performance: 20.0%
Average Trading Volume: 3,451,736
Technical Sentiment Signal: Buy
Current Market Cap: A$745.4M
For a thorough assessment of TVN stock, go to TipRanks’ Stock Analysis page.