Re: P.S.
in response to
by
posted on
Dec 20, 2008 03:30AM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Misty River;
I wholeheartedly agree with your assessment and certainly you have far better perspective on it being right there. My apologies if I overstated the seeming change in risk factors from that reading. That was an excellent and very accurate detail of reasons why Canada has always historically been one of the safest and best places to invest that you gave.
I guess what I was trying to share was from my perspective that I personally have always considered Canada to be an absolutely excellent question free business climate. That is an important factor in any investment decision. I certainly believe that Canada represents a superior investment climate and have about 80% of my holdings invested there between golds including Tyhee and Canadian Oils and have for a number of years. I have felt the US markets were all smoke and mirrors and not really profit generators. Canada produces stuff. Generally speaking the US really no longer does.
Matter of fact when you touched on that 6 month lag between events impacting in the Canadian Economy and in the larger less responsive US economy I winced thinking that puts us back about 4 months before October of 2008 in the old time warp machine.... <grin> Yeeowww ! It just hurts going back through the mental portal again ! <grin> I can still feel the money being sucked out of my pockets ! !
Tyhee has excellent possibilities in it's own right. Fortunately, from what I understand it is most of the way through the permitting process.
Before that article link from EuroMan though I had never mentally factored in anything but all the positives of Canada's relationship with business and resource companies. My concern is that I have been surprised by everything else that has happened so far in my investment planning this last 2 months.
I feel like one of those gray squirrels that we see on the roadways... ..with lots of tire marks ! ! And <Grin> I checked..... not one of those tire marks said "GoodYear" (TM) Because it sure as heck wasn't ! :) ( A stab at some attempted humor there through parody !)
Do you think the potential pending political conflict that they are referring to with a possible change of governments won't have any impact on the governments relationship with the natural resource industry ? Or that it is just overstated and an unrealistic possibility of even occurring ? I don't know the political agenda of these smaller coalition parties that are attempting to unite and replace the Conservative government.
But in the states while the Bush administration in many regards wasn't as conservative as it was labelled it's absolute rejection by groups banding together to eject him has set the stage for people with some pretty aggressive anti-business agenda's to come to bat. Natural Resource companies here are going to get new pressures, costs and requirements on the labor, environmental and regulatory fronts. Against the backdrop of the current economy I can summarize that briefly as a "Not a good" thing if we were a developmental company here.
Do you feel that we will be relatively safe from that possibility there with the pending possible political developments there in Canada that the article refers to?
Ohh and Thank You.. Because in there when you talked about economic exposure and how conservative Canadian banking has been you reinforced for me an additional payoff factor when I consider the strength of the Canadian Looney against the US dollar. As the US dollar declines/freefalls maybe, Tyhee will increase in value simply based upon this exchange rate in ADDITION to it's awesome drilling results for us NOT in Canada.
Thanks Misty River. I really appreciated those insites from you being actually there.
I have to tone down now. I am too new here to be this noisy ! ! Thanks all for bearing with me. ..... shhhh..! <grin> I will be over here on the side. Thanks.
GoldBarrenCharlie