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Message: TYHEE with PUPLAVA: Wouldn't That Be Better?
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Nov 18, 2010 11:38AM

TYHEE with PUPLAVA: Wouldn't That Be Better?

I got a message from one of our forum's contributers who's been out of the loop for some time and wanted me to explain why I thought JP's departure from Tyhee would be a good thing. Here's how I answered him:

I first noticed JP bad mouthing Webb and Tyhee this June when he wrote me a number of surprising emails about Tyhee and the reasons he thought it was a bad investment. In the months following, without mentioning Tyhee by name, he continued bashing Tyhee by answering my Q-line questions on FSN that were clearly referring to the "gold exploration junior in the NWT of Canada..."

His bashings of Tyhee and its management went unsupported, as they were irrational and just plain inaccurate. They didn't make sense. Point for point they were wrong, but he nevertheless persisted in devaluing the company.

Sure, if Puplava were to continue to support Tyhee for the reasons most of us think it's a worthwhile investment, then it'd be great to see Jim continue as a major shareholder. But the opposite is the case, and I feel it's better that this ill-conceived misinforming major malignant shareholder be gone.

My best guess for why JP turned against Webb is that there was a serious offer to be made to acquire Tyhee. One that JP was involved in and supported, which Webb rejected.

As you know, JP's Kimber Resources is up for sale. That's the Puplava/Kimber game plan for its success. Webb's long-term strategy, quite different, has always been to build a mine. Presto, two very different philosophies on how to make money. Tyhee clearly doesn't fit into Puplava's Big Picture for how to quickly make himself and his clients rich relatively quickly.

If Jim Puplava is such a genius in directing gold exploration juniors to becoming profitable successes, then let's see how well his Kimber does under his astute direction. So far, his management, judging by how Kimber is doing, is rather unimpressive. But alas, in JP's favor, Kimber has a relatively low number of shares outstanding. BFD.


Cheers,
BAIRES

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