My comments on Dave Webb's Strategy
in response to
by
posted on
Aug 07, 2010 03:01PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Isaiah/Bob, In Dave’s letter to you he said, “Our job is to take many more ounces into the FS so when we have a bankable document, the banks will be lining up.” 1) What Dave did not say was how he plans to finance that “job” or, when the Feasibility Study will be initiated so that we may have an idea of when those bankers will be lined up to offer Tyhee a great deal on a loan. Perhaps that info will be in the next news release. 2) Also in emails and at conventions prior to this May’s AGM, Dave and Roger were convincing some of us “non-technical, moderately financially savvy” investors that the Pre-Feasibility Study due to be released in Q2 this year would be “BANKABLE” and, as I recall, would negate the need for a Feasibility Study so that Tyhee could into production without one. 3) Also in that letter Dave said, “We’ve been catering to the financially savvy market, because this is where real, lasting value is developed. True, this group does not run out and buy 50 to 100,000 shares. They take weeks and buy 50 to 100 million shares.” These, presumably, are the investors who better appreciate the value of Tyhee’s reserves. So, what are they waiting for? Baires