what's holding tyhee down and why?
posted on
Apr 05, 2010 10:04PM
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My view is that gold juniors can attract money a variety of ways. Hype and pitching oneself as the next big discovery or next to be taken out is one way (not for Tyhee). Another way is making a bonnefide discovery with drill results to prove it (occasionally Tyhee, maybe again soon). Another way is to overcome the obstacles which the market has discounted you for, such as the access, costs of operations in the arctic, long EA/regularory process etc (Tyhee just about to get through). Yet another way is to have success in raising capitol. This breeds success, and money follows money (Tyhee not there yet on this factor).
So the market is discounting Tyhee and not steering much if any money our way at present. Being out of favor by virtue of not being in favor is keeping Tyhee down. This can also include thwarting Tyhee with short selling or position softening at critical juncturs, but that's hard to be sure about. Maybe that's not really occuring to much extent.
One thing is certain, the low volume and low market cap must be hurting Tyhee in some real ways. But this low volume will work in our favor when a key obstacle is romoved / key mileston accomplished. The last 18 months have really really sucked, and not attracted much excitement and tyhee sees the light of day again.
It's also cleared out a lot of investors, I think.
I'm hanging in for the long haul, and will continue to buy more. It's a success story, long in the making. Not for the faint of heart, that's for sure.
SKELEG