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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: russet who wrote (4594)9/30/1999 8:54:00 AM
From: gemsearcher  Read Replies (2) of 7235
 
Sorry to hear about the wheel. I too would prefer that SUF use its limited cash resources to ramp up production as opposed to buying back its own shares. Unfortunately , it would appear that SUF's definition of accumulating a "war chest" is further investment in Angola (ggggg).

OT , but food for thought - from today's Globe & Mail:

" Disgusted by the discount afflicting its stock...
Cadillac Fairview put itself up for sale Tuesday..
but at.. $31.70 , the shares are still at a discount
of about 30% to their net asset value of $45."

Hmm... I wonder how long it will take another co. with a market cap of $73 million and a NAV of $190 million (excluding value of .. well, you know , I've said it about 73 million times) to develop a sense of "disgust".

Regards.
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