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WudIzThePoint's Posts

Re: WudIzThePoint, Ron McEwen and Tyhee

<< Did Ron McEwen actually say that a junior "should not excessively sell shares & invest heavily yourself in your shares?" >>
















Baires, not exactly, I was stating my general recollection of his comments and of the tone of the overall interview, not quoting him.


You are right, McEwen did point out that some companies issue too many shares and raise too much money and then just sit on much of the money returning a low rate of interest.



I think at around 52+ minutes into the podcast, JP asked McEwen what he thought were the most important attributes to look for in a junior. In the first part of his response, McEwen said he looks at how much of the shares management owns.



At around 57+ minutes into the podcast, JP asked McEwen what he would tell managers of juniors to do, or put differently, what advise would he give them. In a nutshell, McEwen answered that juniors have to be delivering above expectations all the time and said something like--don't create expectations that can't be met and over deliver.



Then at some point after this, McEwen added that the message (provided to investors by a junior) should be consistent with actions. If a junior has indicated that they believe the price of gold is going much higher, he noted as an example, then they should not be going out and rushing to sell stock. Then he said something like - in order to sum up his advice - buy a lot of your shares, hold on, and deliver more.

In general, I thought the importance of not overly diluting shareholders was a major theme of the interview, and although much of the emphasis on this came from JP himself, I thought McEwen seemed largely to be in agreement.



Regarding Tyhee, however, I think the problem is not having too much money just sitting around. I think the problem for the moment is having to sell shares very cheaply just to keep going forward, let alone to build out a mining operation.

over 14 years ago
Re: Puplava Bashing Tyhee: An Afterthought

Maybe this was noted here before, but after listening to JP's interview of Rob McEwen of last week weekend, it now seems to me that JP's apparent comments regarding Tyhee heavily echo the themes McEwen emphasized in the interview. As I recall off the top of my head, he concluded with two primary points of advice for managers of junior companies:


-- Consistently exceed the expectations you create for results.


-- Do not excessively sell shares and invest heavily yourself in your shares.


I believe these points were made especially near the end of the interview, if anybody wants to go back and listen to a more specific version of what McEwen said.

over 14 years ago
Before the FIRE Gold Update: Is $1,237 the new $720? - Eric Janszen

- itulip.com commentary is always worth a read.


Eric Janszen in my book has been one of the best out there commenting on the economy and investing and gold. This article talks about $5,000 gold.


I am busy catching up on itulip articles - thought I would pass this one along.



over 14 years ago
Re: Looks Like Puplava Wants Tyhee to Sell. So, If You Were JP What Would You Do?

I listened to Jim Puplava's comments on the Q-call 2-3 times, and for me, it was unclear what he was trying to say regarding Tyhee. Puplava was not speaking completely coherently. However, one thought was clear--a company like Tyhee needs a sufficiently high share price to finance production in order to avoid overly diluting existing share holders.


In any case, I doubt Puplava is going to be overly upfront about what he thinks of Tyhee in a public forum.


So without better access to Puplava himself, trying to figure out his thinking on Tyhee based on the reporting on this board and a few of his remarks--and not well put together ones at that--boils down to considerable guesswork.

over 14 years ago
Re: Two Additional Points

I've not commented much on this board, and none at all on the inflation-deflation debate. That said, I have noted (I think) that the discussion here has not touched enough on the importance of the U.S. being a massive external debtor.


Its hard for me to imagine that U.S. external debtors will simply sit on their hands (hold U.S. debts) and watch the U.S. go into any serious deflation. Deflation, of course, by one definition means falling prices and almost certainly then falling tax revenues, and in turn a declining ability for the U.S. to pay external debtors.


If I owned debt issued by a furniture store, and I could monitor the parking lot, and see the customer base dwindle, I certainly would try to unload the debt to some other sucker.


What happens then to the U.S as tax revenues (now vastly insufficient) drop again in say a double dip recession? Well, at least if I were China (or any other U.S. creditor), I'd try to dump - especially if other creditors were - some of the debt and buy something more solid. Personally, if I were China, I'd rather have something like the U.S. corn or soybean crops.


I'm not trying to predict the outcome of inflation/deflation in the years ahead, only trying to point out that such a discussion must deal with how U.S. creditors will be responding and what that means to prices in the U.S. "in the end."

over 14 years ago
Tyhee Says Gold project could accelerate


Maybe I missed it, but I did not see this story from yesterday posted yet:


Gold project could accelerate: Tyhee president

Guy Quenneville
Northern News Services
Published Wednesday, October 7, 2009

SOMBA K'E/YELLOWKNIFE - The Yellowknife Gold Project could be fast-tracked if the project's current economics hold their footing, says Tyhee Development Corp.

Link to the full story is here.

almost 15 years ago
WudIzThePoint
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