Sanity Check
posted on
Oct 10, 2010 04:31AM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
If you guys really want to see how ridiculous Tyhee's valuation is check out what a REALLY BAD pump and Dump stock looks like.
Read the story on ATW Gold:
Lots of people complaining that Management are crooks and all the selling by insiders on the way down makes me believe it. They recently sold their main property Burnakura to pay off all these debts. And more and more debts are showing up. They have one property left- Gullewa, with 650k ounces of reserves, which they have just optioned away 70%.
Here is what insider dumping en mass looks like:
Apr 19/10 Apr 13/10 Bowering, Andrew William – Disposition -13,500 $0.140
Apr 19/10 Apr 12/10 Bowering, Andrew William – Disposition -197,500 $0.140
Apr 19/10 Apr 12/10 Bowering, Andrew William – Disposition -9,000 $0.140
Apr 15/10 Apr 12/10 Harris, Graham Disposition -50,000 $0.140
Apr 15/10 Apr 09/10 Harris, Graham Disposition -194,500 $0.140
Apr 19/10 Apr 09/10 Bowering, Andrew William – Disposition -30,000 $0.145
Apr 19/10 Apr 07/10 Bowering, Andrew William – Disposition -114,000 $0.146
Apr 15/10 Apr 07/10 Harris, Graham Disposition -5,500 $0.150
Apr 07/10 Apr 06/10 Bowering, Andrew William Disposition -26,500 $0.160
Apr 07/10 Apr 05/10 Bowering, Andrew William Disposition -9,500 $0.160
Apr 15/10 Apr 05/10 Harris, Graham Disposition -300,000 $0.160
Apr 15/10 Apr 05/10 Harris, Graham Disposition -50,000 $0.155
Apr 15/10 Apr 01/10 Harris, Graham Disposition -100,000 $0.160
Apr 07/10 Apr 01/10 Bowering, Andrew William Disposition -100,000 $0.160
Then on the topic of the remaining property Gullewa, one of the posters on their bullboard says:
"LOL, they've optioned Gullewa off to an Australian company called Mutiny Gold with supposed structured payments of 9 milliion bucks over 2 years or something like that. Painfully, so painfully, there's Butler saying it will lift ATW out of debt and with the excess cash permit them to explore new acquisitions. OMG! New acquisitions. This is almost sadistic. The "new" ATW is born. Soon to have a mission of acquiring exploration targets and then, yes, drill programs with the cash and then drill results! Bringing in an entire new crop of suckers. "
Tyhee is superior in every way: 3x more reserves+resources + 100% ownership + much more advanced project and most importantly Management have been honest and genuine. Is Tyhee only worth $25MM when this Pump and Dump operation, ATW Gold is worth a mere half at $11MM? Are you kidding me?