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