SOUTHERNERA (t.SUF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: gemsearcher who wrote (4390)	8/24/1999 10:40:00 AM
From: Confluence	Read Replies (1) of 7235

Hello gemsearcher et al, I thought the issuer bid was a GREAT FIRST STEP. If this is a decision by the Board to "draw a line in the sand", I think its about time. I would've liked to have seen this before, but its more compelling at these price levels. Obviously there has been a change of heart at SUF, and there is now a responsiveness to share price. Just last week, one senior board member told me that no issuer bid would be forthcoming, but clearly things have changed recently. Lets just hope this is the first step of many to restore the confidence of the investing public in SUF. I hope the legal folks at SUF have the paperwork ready/completed and at the TSE, in order that there be no huge lag between announcement and implementation. The only concern that I've heard with regard to this bid is that it will be a drain on SUF's cash position, but I'd have to say that with the stock under $5.00, investing in shares of the company seems like money well spent, IMO. Well done by the SUF Board! Confluence PS I think the investing world will put more value on SUF demonstrating their convictions with dollars, rather than using defensive NRs like we saw last week.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next