I thought Webb was a good geologist and decent person, good with the locals and responsive to investor enquiries. I would respectfully suggest he was not a great business man and I emailed him a couple of times about the poor timing of fund raisings leading to unnecessary dilution and his answers never quite convinced me somehow.
I don't think his credentials as a mine developer were A1 either. Bob Quartermain parted company with Silver Standard for this very reason, so Dave would be in good company if this were the reason behind the move.
The board may have concluded he isn't the right man to take Tyhee into the production OR negotiate a buy out/JV. It may just be that simple. If so, this is good news that they are doing something about it which should make for for a positive affect on the shareprice going forward.
If this is something more along the lines of S&B trying to take Tyhee private and needing Webb out of the way, then they aren't going to manage it at 9 cents a share.
Either way, selling your shares for 9 cents doesn't make a whole lot of sense to me. Stay cool and what will be will be.
