Hello Georges & Jimmy
Thanks
No, our conversation was centred on the Canadian plays as that is where most of my e-mailed questions had focused. That as you probably know is where I strongly believe SUF will realize the most immediate market excitement and share appreciation.
However, what was new for me to hear, was CJ's reluctant, but undeniable realization, that the market wanted Canadian pipe news. Regardless of the logic and value of investing in all of the company's operational theatres, he has come to realize and grudgingly admitted, that right now, the market has adequately demonstrated that it just does not want to listen to any other story.
He thinks that its illogical, and that there is no more risk in the RSA than here, but he could not deny that the market simply does not share that view right now.
Personally I liken the situation to the fundamentals of coaching football. Any coach or ESPN commentator will tell you how to create momentum. You get your team to stick to the fundamentals! You hammer away at the opposition in the most basic and fundamental way you can. You run the ball, and you run the ball, and you run the ball, and you roll up the score. Then when they are all looking for you to run it again, you pass for a touchdown and the opposition wilts. Then you start rolling up the score with a mix of run and pass.
What the hell am I talking about. Psychology! Or if you prefer, it's the “Keep it simple stupid”, principal.
When your down like SUF you go back to fundamentals. You go back to what got you there in the first place. You tell or emphasize one story and only one story, and only the story you know the market is prepared to listen to. You talk about and pursue Canadian pipes because that is what the market wants to hear. It does not want to hear about dikes, and it does not want to hear about Brazil and it does not want to hear about Camafuca, M-3 gravels or platinum.
You hammer away at that Canadian pipe story and you roll up the success with that story. You go out and you bloody well find them where you know they exist, Yamba Lake!
You get everybody watching that story and excited by it and jumping on board to share in it, and then, and only then do you augment that story with a second story (the pass).
Then you start to roll up the score.
That is what got SUF started in the first place. They talked about their Canadian exploration and got people believing in their potential. Then they mentioned Klipspringer and the market started to jump on board. Finally when the M-1 and Camafuca were announced the stock ran up to $22 in the space of months. Why?
Because the stock had momentum. Everybody was watching it wondering what the next story, and the next piece of good news was going to be?
Unfortunately, the next story was the Angolan unrest followed by the heirs and then the loss of 60%.
Through all that, SUF forgot to go back to fundamentals, to go back to what got it there in the first place, and hammer away at the Canadian pipes story again.
What we have now is six or seven different stories that the market simply either does not want to hear about or believe in. It does not make a hill of beans difference how good those assets are and how much they will add to the bottom line. That is totally inconsequential. The market does not care.
You want to catch a fish, you figure out what they are eating and you match the bait.
Sounds like home spun BS, but folks, we have followed the brain trust to where we are today. Can considering the potential of a little back woods thinking do any worse?
I guarantee you on the eyes of my children and the grave of my mother, that if SUF talks about Yamba, and talks about its potential, and talks about the geochemistry, and talks about all of their geophysical targets and is seen to be actually drilling, and proves up only a few pipes this summer with the stone tablet etched promise to be back in February to drill even better pipe targets, you will see a turn around in this stock like you could not believe.
Remember this post and SUF's upcoming Canadian play NR because it may be the one that defines our future. If SUF commits to drilling this summer with anything more than just a token programme, you will consign the Bidwhacker to the same history book that Gull and his henchman is buried in.
There is some conjecture here worth revisiting:
Message 8688337
techstocks.com
Good luck to all.
Regards
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