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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: russet who wrote (2982)4/16/1999 6:16:00 PM
From: gemsearcher  Read Replies (1) of 7235
 
Hello Russett , Claude and Vaughn.

I must confess to be a little confused by the Camafuca decision as well. I had anticipated that a go decision would have been predicated on some compelling factor(s) not previously known - e.g. substantial increase in resource estimate , introduction of a committed JV partner to hedge the political risk. It bothers me that the co. paid $10 million to preserve its interest (one-half in shares @ (ugh) $5.50) without being able to give us further justification - the core sample hasn't even been processed yet!

I don't know , but there is something very un-SUF like about this decision (or at least the absence of explanation/justification for it) .

(still waiting for that shoe to drop) gemsearcher
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