Skeleg;
Some Excellent Analysis there...
Tyhee is down to .09 on the US and $.11 on the TSX as I write this today 12/31 at 01:40 EST... So the Insiders willing to pony up at $.21 sounds like a good cash flow deal comparatively.....
And considering that they ARE insiders their willingness to pay double in exchange for a piece of the upside potential BEYOND $.21 sounds like it bodes well for ALL of us not too far down the road.
Even if there isn't anything specific coming... extra cash at this point in the game translates out into more decisional options and avoids a bunker mentality that might impair future growth. Extra Cash is a good thing.
I wonder if they would extend an option offer out to ALL of the existing shareholders as a way to raise additional low cost capital without all of the fees ?And that would avoid dilution....everyone could stay where they were and the company would benefit from the extra capital injection.
Good Riddance 2008..But thanks for the buying opportunities ! Best Wishes for a MUCH MUCH better New Year in 2009 and beyond to each of you in the Tyhee investment family throughout the world.
Gold Barren Charlie