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

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To: Donald McRobb who wrote (5162)12/7/1999 7:23:00 AM
From: Confluence  Read Replies (1) of 7235
 
Hello Donald,

As we get later into December, I'm starting to think that SUF should any good news until the new year. The next couple weeks could see tax selling at its worst, so good news might be received with a "sell on news" mentality.

If we're confident that Messina is a go, that a new CEO will be found soon, that the grade and valuation from Klipspringer will be positive and that Camafuca will prove some worth, then whats the difference in waiting a couple more weeks? Its been several years for myself, so I'd hate to see any good news like Messina playing into the hands of folks who are doing year-end housecleaning. (I like doing the tax-related stuff in Sept-Oct, so there's lots of cash to buy back in December when most others may be inclined to dump shares).

A plan for a bunch of January releases may also invigourate SUF in the new year, rather than getting good news lost in the holidays.

Just my thoughts,

Confluence
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