SOUTHERNERA (t.SUF) Message Board

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

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To: gemsearcher who wrote (4156)	7/23/1999 12:31:00 PM
From: VAUGHN	Read Replies (2) of 7235

Hello Fellow Hamsters *OFF TOPIC* I appreciate your feedback and am trying to understand, but why would a momentum investor buy millions of shares just for a $0.05 - $0.10 bump? Seems like too much risk for the reward to me... TAH has a long history of repeatedly diluting equity and as you probably know, underwent a consolidation just a few months ago. Probably many of the old underwriters and certainly the old shareholders and institutional investors got burned holding paper and I would have assumed that once bitten twice shy would prevail in their thinking. If I were a potential investor in such a play, the only way I would jump on board is if I thought some other deep pockets were going to develop the asset at their expense not the company's. No open ended endless dilution scenario but rather one where I could see predefined but limited dilution with a predetermined and predictable profit and schedule plus possibly some blue sky. Hence if SUF said they would develop JD/OD-3 for 60-70% of the profits + 51% of anything it might find on the claims, with TAH carried to production, I might take a speculative flyer, but otherwise.... Regards

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