SOUTHERNERA (t.SUF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : SOUTHERNERA (t.SUF)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: DIAMOND JIM who wrote (3551)	6/5/1999 9:38:00 AM
From: gemsearcher	Read Replies (1) of 7235

Hello DJ. I can't argue with your observations. I find it particularly troubling that the stock is trading where it is when a hard/proven asset valuation warrants a minimum price of $7 ; so , the market is applying a considerable discount here. I have to believe that the Camafuca bulk sample results and the Marsfontein drill results on the seemingly endless "M" anomolies (both of which I would expect will be coming down the pipe this month) will spark interest. Any results from a Yamba summer programme and any preliminary news from Brazil should reinforce the stock's blue sky potential. Finally , the Messina bankable feasibility should be complete in August (I still can't fathom how a deal that is conservatively worth $3-4 per share has resulted in a drop in share price). I can only conclude that the stock is where it is because of some distorted DCF valuation of M1/Klipspringer fissure. When (it's not a matter of if) the market is shown that there is a reasonable prospect of economic life in SUF's other considerable assets , the price HAS to move north. Regards

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next