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Gold/Mining/Energy : Tyhee (Toronto Stock Exchange) -- Ignore unavailable to you. Want to Upgrade?

To: jonnyk who wrote (451)	11/12/2004 3:08:17 PM
From: Dave R. Webb	Read Replies (1) \| Respond to of 695

A few year's back, the regulators came out very hard against promotion from TSX-V companies. News releases containing the words "high-grade", "mineable", "profitable", "spectacular", "great", or any such enthusiastic comments are not only frowned upon, but expunged from releases on a regular basis. On some days, the list of retractions, clarifications, etc seems to overwhelm the list of releases of new information. The terminology is being carefully controlled as well. Specific details, such as tonnes, and grade in each category must be presented according to 43-101 if there is a reference to a reserve or resource. What this has led to is absolutely correct, standardized releases that are difficult to read, and even more so to understand. One needs to fully understand geo-speak to properly comprehend progress reports. The general investor can't do that, and so must rely on the usual coterie of specialists, the analyst, broker, barber, bartender, or brother in law. In the past year I have met a number of analysts, and I have to say I have rarely run across a more overworked bunch of individuals. They do not have the time to review everything. As such, not every prospect is getting the attention it might deserve. What you see is a company will make news. The informed may buy, look at insider buying activity. Next the informed "outsiders" will buy, look for institutional buying. Once they are well positioned, the general public will have a chance. In summary, the promotional pendulum has swung from too much to too little. The effect is that one has gone from everything going up, to very little going up. There are gems out there, and it just means things move slower, more carefully than before. Bureaucracy has the same effect on junior mining as it would have on any business... it slows it down, makes it more expensive. A breakout will happen once information from any company moves into the realm of the "interpreters" of the news release. Only then will the retail buyer become involved. Dave Webb