We are all in the same boat
posted on
Aug 12, 2011 02:13PM
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I am a relative newcomer to the board having only posted a few times a few months back, however this message board reminds me of some kind of bad 70's disaster movie like the Poseiden Adventure or Towering Inferno. The formula was the same in both pictures, with the character traits of the main players revealing themselves as the plot thickened. The folks that stuck together and supported each other made it through the ordeal, the ones that adopted the me first attitude, the selfish ones, usually met a bad ending. I enjoy reading the posts here as I am a Tyhee shareholder to the tune of 275,000 shares with a cost basis of .17 cents US. My shares were purchased in February/March time frame as a result of quite a bit of due diligence and mostly because of the work of Chris Barker from the Motley Fool, who is as good as it gets in the precious metals space. I resigned myself to the idea that it was going to be a two year timeframe or so before we see results in the investment based on where Tyhee is in their late stage development. My .17 cent buy in cost may be helpful for a lot of you folks who have been around a lot longer and with a higher cost basis as a way to gain perspective on Who owns shares at what price and the psychology that goes with it. My mentality is to stick with it for a couple years and if the share price reaches $1 i would take some off the table, like 100,000 sdhares which is the exact amount i owe on my house with 7 years to go on a 15 year mortgage. However, I would adjust my plan if i feel like things are going to get better for Tyhee share price and business model and also based on my personal financial situation, i have a daughter heading to college in 3 years and 2 boys that play travel hockey. Anyhow, it's an honest assessment of my outlook and reasons for buying and selling. I've seen a wide range of predictions on future share price anywhere from $2-$6 so obviously we all would like to make a million on the $6 share price. I'm not that sophisticated to crunch the numbers but i do recognize someone who does understand the numbers and the industry, and that's Christopher Barker, and I trust his 10-bagger prediction 100% based on his analysis which even makes sense to a neophyte Golf Pro like myself. I teach golf for a living and the students that play the best keep it simple and don't over analyze things. That formula has worked for me personally and I'm most comfortable playing it that way. M
Maybe another way to think about the whole investment picture of Tyhee is to think ahead and know that their are folks who will buy at .20 cents and sell at .40 for a quick double. From my perspective at .17 cents i can't imagine buying at $1, but someone will want in at that amount thinking it's a great entry point and it may be once the mine gets up and running. It's a constantly evolving situation. I'm not sure if this post is of any value but I thought people might be interested to know who's out there and what there mentality is. Keep the faith brothers and we'll all make it through together. Kind regards, Pat.