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

To: jonnyk who wrote (508)	11/28/2005 9:53:10 PM
From: diggerdave	Respond to of 695

Jonnyk and others. I apologize for the length of the following post. I think though you will appreciate it's contents and find it goes a long way toward explaining what we are currently seeing in the market. Tyhee management was in Europe negotiating a financing with investors and investment bankers in mid-September (confirmed by a phone call to Tyhee's office). Tyhee traded between $0.24 and $0.28 for all of July and August and the first 19 days of September. During this time, trading volumes did not exceed 50,000 except for 7 days, and typically were less than 25,000 per day. On September 19th, Tyhee trading volume increased sharply to 5 times the previous 10 day volume and the share price dropped 20% to $0.20 in two days! Trading volume stayed much higher than average, only going below 50,000 shares 6 times in the subsequent 30 days and trading more than over 100,000 shares daily half the time. Over 80% of these shares have been sold by Paradigm Capital and RBC. Interestingly, the only prior appearance of Paradigm as a buyer or seller in the past 12 months was a 5.3 million share cross on August 9th. Big shareholder! Tyhee announced an $8 million unit financing on September 29, nine days after the substantial selling started. I wonder what Paradigm's and RBC's compliance officers might say about this timely trading. On October 24th trading volumes increased to in excess of 100,000 shares per day, again, dominated by Paradigm and RBC and Tyhee shares traded down to $0.15. After three weeks of this intense selling pressure by Paradigm and RBC, consistently setting the ask price at $0.15, with no offers at $0.16, 0.17, 0.18, or 0.19. It appears these brokerage houses wanted to make sure the price did not rise above $0.15. These houses have sold over 2 million shares since September 19. Why? Could they have been negotiating a repricing on a financing? On November 14 Tyhee announced a small financing at $0.12 (the maximum discount allowed given a $0.15 market price). Let's assume Tyhee announced the September financing because they needed money to proceed, or otherwise advance the project. Let's assume that the landlord wants rent, the phone company wants their bills paid, the auditors want money, the drillers, miners, air charter companies, environmental consultants, etc want to be paid. Perhaps management also wants to get paid (unbelievable as it might sound). Let's assume as shareholders, we also want this project to advance. Apparently a very large shareholder wants to sell. Apparently they where happy to sell down to $0.20 nine days before a financing at $0.20 was announced. Curious timing, curious threshold price. Apparently some large shareholder (using the same two brokerage houses) wanted to see a market price of $0.15, and now we see a very reduced placement at $0.12. Very curious. It's very good that it's not $8 million. In my opinion this is a classic case of price-fixing and market manipulation. (Remember - Asks at .15 nothing under .20). I believe the shareholders of TDC would not want to be associated with an investment group/shareholder who would pursue these tactics that jeopardizes Tyhees ability to achieve financing at fair market value and thereby impedes progress towards bringing a successful mine on line. Not to mention at the expense of the BELIEVERS who have invested in Tyhee at much higher levels. You may think it is just business. I think it is unethical, immoral and probably illegal. On a positive note consider this: The unscrupulous investor/group has gone to a great deal of trouble to try to acquire a placement at .15 or less. WHY? Could it be that they saw the weakness in TDC knowing TYHEE requires financing and having the ability to capitalize on that weakness (it's my opinion they were probably part of the intial placee group) embarked on this attempt to buy in at the lowest possible entry point? Think about it. They obviously want in! That should tell you something about the confidence this group has in the eventual success of Tyhee. Wouldn't it be poetic justice if their attempt at price-fixing backfires. Just suppose the investing public sees through this manipulation and suddenly recognizes the inherent share value of TDC . They begin buying all these cheap .15 shares and the price shoots up to the twenties again. The unscrupulous investor/group would have sold it's shares at a loss (which is what they are doing now) for no purpose! TDC management I suspect will tell them to politely shove-off and the buggers wil be left out in the cold stuck with a huge loss! I hope this helps to explain what we are currently seeing with TDC. If today was any indication, the .15 shares are starting to dry up. It is just possible the cap will come off sooner than I expected. Good luck to all the longs.