George is bringing up a good point about analysts. They are wrong a lot. This is a big problem with SUF as well, except the analysts were proven wrong with their splashy high earnings reports for M1 production.
Now, even though SUF makes money, and will continue to make millions of dollars per year from underground mining of diamonds in Marsfontein and Klipspringer, its poor shareholders are being turned into squished hamsters because the @!#@+@##! analysts are too upset with SUF to ascribe reasonable cashflow to those projects, and to the Messina PGM project.
Of course, why should they, when they can just say buy the "nifty fifty" on the Dow and Nasdaq and always make money, and gain prestige, and bonuses, and not have to stick their necks out. Don't think any analyst or broker made bonus money recommending SUF as a buy recently.
So we sit, and wait for the SUF European dog and pony show, because Europe has a different viewpoint on investing, and the "nifty fifty" and the weakening $US dollar.
In the meantime, please mark on your calendar, that the great SUFfering hamster dance is rescheduled to late November or early December. |
