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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: maxed who wrote (3934)7/8/1999 8:34:00 PM
From: GEORGES  Read Replies (1) of 7235
 
If Suf bought back shares for $694 000 per quarter at todays prices, it would represent about 150 000 shares per quarter. I think this would relieve the selling pressure by clearing all the margin calls.
When the shares rise as we all expect them to, the co. could then sell them back at a very nice profit.
Better this than a dividend IMHO.
Regards.
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