SOUTHERNERA (t.SUF) Message Board

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

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To: russet who wrote (4323)	8/13/1999 6:44:00 PM
From: GEORGES	of 7235

Everybody take a Valium...... We are at the mercy of margin calls and short term expectations. We are all shareholders of a company whose management has the uncanny ability to find diamonds where others have failed (DB), it manages it s projects within budget, and it has a very conservative approach to forecasting and accounting methods. Unfortunatly, it is a public co. and this puts pressure on management to always put on a happy face. Our president and his staff lack promotional skills, I agree. But this should not diminish the value of SUF except with the short term speculator......I hope it goes to $2 before it goes to $4. Time to load up.(Warren Buffet is right). I do not care what price the share is at on Labor Day 1999 but rather in 2002. I think it s time we stopped blaming management for the short term expectations of the stock market... The Co. is financially very sound ,( which never gets mentioned) with cash in the bank, no LTD and book value of about $3.50 per share. Now if this was a private Co. making an IPO, would ' nt we all jump in at an initial price of $3.10 or 2X 1999 cash flow. + Angola, + NWT +Brazil (and the bikinis) + Kipsplinger + Messina+ all the other Ms???????

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