Re: Who's Kidding who: Tyhee&Viking
in response to
by
posted on
Jul 03, 2009 10:29AM
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Hmmm!
Interesting take on the matter.
I know that Viking is indeed smaller and has a smaller land package but, assets aside both Tyhee and Viking, and many others, are now suffering from quite a low SP. This must make any financing problematic! Can a company really raise the necessary funds to continue "proper" exploration/development work and not sell itself into the dilution abiss?
It seems to be a catch22. Damned if you do and damned if you don't raise funds.
So like Viking, which yes may have raised what it could have, Tyhee might opt to raise just a little to do some work and not overly dilute its shares.
However if "some" funds are raised to do some work and it proves not enough in the longer run to drive up the SP, I think it all becomes a hard gamble.
In the end what is a quality company like Tyhee to do in such a repressed marketplace?
At this point a PR will certainly be of help.
Hoping for better times sooner than later,
Exploits21