Something new to worry about
in response to
by
posted on
Oct 08, 2010 02:39PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
I'm as confident as ever in Tyhee going into production, and really think that
the DAR submission, be it in December or into next year, is the key. After that, the Bankable Feasability / Full Feas study, and then we're off. Until then, many investors don't have the time to wait, and want to put their money into somehting shorter-term.
But whoever buys 30 to 50 million shares, I want to know who that is. If they are in fact a fund or investor associated with one of the existing large shareholders, then the risk of a takeover or buyout will have increased markedly. On the other hand, if they are a ned, distinct entity not associated with another large holder, that would be better. They will have the largest share in Tyhee's future...
So I'm glad we have a shareholders rights plan. The sixty day requirement is important. I would not be happy to see my long term sufferage be rewarded by a 25 cent take over.
As Strike guessed, my cost average is about 30 cents now. And I'm not in this to just get my money back. I want to own shares in a producing gold min in Yellowkinfe, with decades of gold to be dug out of the ever expanding reserves.
So my message to any takeover candidates: Back off, get your own gold mine.
My strategy is to accumulate at every opportunity. Just wish I had more cash coming in!
Maybe once we know if and how many shares were bought up in the PP, we could find Kiyakker or someone with his talents, and update our share counts through that anonymoose identity Baires once created. There will be a considerable number of warrants and options expired as well, I think. But it would be nice to update the proportion of Tyhee ownership active on this forum. I think it was around ten percent at last count.
SKELEG