Great Drill Results and a Fabulous PA Won't Help Tyhee Much. What Tyhee needs is Wall Street/Bay Street and institutional support to substantially increase its share price. And that just might be coming soon.

Today, I got this article (see below) in an email from Gold777/Robert.

Robert must have known how much I worry about the fait of Tyhee and other juniors that have been abandoned for dead by Wall Street and its lack of institutional support. I even phoned it a Q-line question to Jim Puplava yesterday that adress my fears.

Thank you Robert for your thoughtful email.

"Tide may be turning at Venture exchange

LYNNE OLVER

Reuters

June 13, 2008 at 2:39 PM EDT

TORONTO — Unsettled global financial markets have hurt trading and financing activity on Canada's junior TSX Venture Exchange so far this year, but that may be starting to turn around, a bourse executive says.

The Venture Exchange, owned by TMX Group Inc., is dominated by small western-based mining and oil and gas companies that explore for resources around the globe.

The exchange rode the commodities boom last year to a 41 per cent jump in trading volume and a 35 per cent rise in trading value. Financings surged 45 per cent to $11.65-billion.

But last summer's credit crunch sent many investors elsewhere.
Kevan Cowan

TSX Venture Exchange president Kevan Cowan (Philip Cheung/For The Globe and Mail)
The Globe and Mail

Trading volume on TSX Venture fell 13 per cent in the January to May period this year, compared with the same five-month period a year earlier. Total value traded has slumped 37 per cent, and financings have tumbled 48 per cent.

That contrasts with the picture at the Toronto Stock Exchange, where trading value and volume were up 19 per cent and 5 per cent respectively to the end of May.

“The Venture Exchange has been a little more affected by the credit crisis and somewhat of a move away from junior securities, but with the recent rise in energy prices and the strength of metals, it's also starting to come back,” Rik Parkhill, interim co-CEO of TMX Group, told reporters after the company's annual meeting on Wednesday.

One market watcher said he thinks it will be some time before junior equity financings pick up, because the appetite for high-risk stocks is still muted.

“I would say there's no way that's going to happen this summer, part of it is seasonality, you don't see that stuff doing well in the summer,” said Paul Thornton, an adviser at Northern Securities. “So the absolute earliest would be the fall.”

The Venture market index took a huge tumble last August, in the early days of the credit crunch, and investors will need to feel confident that credit market problems are resolved before they head back into risky securities, Mr. Thornton said.

Still, some pockets of the junior resource group are doing well, such as iron ore and coal stocks, he said.

“There is action going on, but investors are really picking their spots within the strong sectors,” Mr. Thornton said.

Despite the downturn in trading and financings, new listings on TSX Venture in the first five months of 2008 are running 28 per cent above the number of new listings in the same 2007 period.

Kevan Cowan, the Calgary, Alberta-based president of TSX Venture Exchange, said the junior market is pushing hard in the United States to attract new listings, as is the Toronto Stock Exchange.

“A regulated exchange for microcap or emerging companies simply doesn't exist in the United States,” Mr. Cowan said.

“The whole idea of public venture capital is a concept that's embraced and utilized in Canada, and it's just something new there.”