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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: gemsearcher who wrote (5885)4/3/2000 9:55:00 PM
From: Brian MacDonald   of 7235
 
Hi gemsearcher,

I'm not 'short' but I do read the thread and I do own some SUF. After reading about the 'write-down', however, I wish I didn't.

Those with large positions must be kicking (or hanging) themselves. What do you do - average down and maybe lose alot more, or do you take your lick'in and go on tick'in?

Reading this report doesn't give much hope to investors. I think it really amounts to poor overall management and although they have a new head, most of the cadaver remains - and they are spread all over hell's half-acre spending money at break-neck speed - with 5 M. for this small participation and $20 M. a whole 51% of another play. Imagine how many excellent junior companies they could have acquired with these monies.

So, I really don't understand your point. But if it means that better days lie ahead, I can't wait because all the days up to now have sucked - BIGTIME!

Regards,
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