Re: tyhee gets little respect...
in response to
by
posted on
Aug 16, 2012 06:09PM
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Thank you for providing that background. Again, much appreciated.
After reading through the FS, I see that production is expected to begin sometime in 2015 - 2016. Given the state of the world we are in now, I am trying to shy away from long-term until there is some stability in the world. Not to say there is anything wrong with long-term investing, but a lot can happen from now until Tyhee's first pour. I suppose this will be a test of the new CEO's resourcefulness and planning.
I see the new management has given itself options at 10 cents and have been buying shares. A good sign to be sure, but with all of the management purchases it hasn't translated into any stock price appreciation. Quite puzzling for sure but there must be more to this. Perhaps related to the history of this company as you allude to.
If you would happen to know, does the company plan to do anything with Clan Lake in the near future? I will also send an email to the company. However, if you are right and exploration will occur when the first property is put in production, I think that is too much waiting time to justify making an investment at the current moment.