Hello All
I appreciate that some may still harbour misgivings about CJ guiding SUF (again) vise a vie comments recently and over the past year about money wasted on exploration rather than invested getting properties into production.
However, I hope we can finally put that depreciative discussion behind us. In my opinion, it may have been the right argument, but it was applied to the wrong company at that point, and this point in its life cycle.
SUF was $22/s once, not based on production of anything!
It achieved that market success because and only because of CJ's remarkable exploration and asset acquisition record.
No body ever bought SUF at $22/s or $14/s or even $9/s based on its production, or even its anticipated production. Even the most wildly optimistic production numbers never supported and never could support those share values, at least within a reasonable time-frame.
SUF will be $22/s again, but based on the same criteria as it was previously, and not on whether Messina, Klipspringer and/or Camafuca are generating combined profits of $30m, $50m or $70m per annum.
That is not why the market fell in love with this company and it never will be within at least the next seven years.
When SUF starts announcing economic pipes and PGE discoveries in Canada, Australia, Brazil, and/or any other country which investors recognize as being reasonably safe and law abiding, that is when the market will fall in love with this company again. Right now, only CJ and HB can bring those discoveries and opportunities to the company and to the markets attention, a fact that major shareholders and the BOD appear to have recognized and acknowledged.
Anyone holding SUF, banking on Messina, Klipspringer and/or Camafuca production to bring share values back to $9 in the near future, is in my opinion investing or holding for the wrong reasons.
Hopefully all those who had or have ulterior motives for lamenting management's focus and investment in exploration, will either have left, realize that the majority of shareholders casting a vote have clearly placed their confidence in CJ to guide this company back to where it once was, or be recognized when they start whining, for who and what they represent.
While I do not support cheerleading, I certainly hope this thread can now return to the more interesting and positive themes that it was once appreciated and recognized for, for so many years.
I wish every one still holding and believing in this company, well and look forward to sharing in some lively and exciting discussions in the months ahead.
Good luck to all, to the company, and best wishes to CJ and our new BOD.
Finally, I would like to recognize and personally thank Crudestope for all of his recent efforts on behalf of shareholders and to commend him for a very classy and positive post referenced earlier on this thread.
Regards
Vaughn |
