Hi Peter,
Just look out for that Doctor friend of yours. I would be a bit worried about the back end probe,...but then again we may all be a bit bigger back there now thanks to SUF, so maybe it won't hurt as much (ggggggggggggggggg).
I was starting to feel a bit better holding at the $2.50 range, but the continued exploration expenditures will erode the earnings, and the market wants better earnings or we will continue to SUFfer in squishdom. I should point out that some analyst friends have told me they are no longer looking at just earnings for this and other companies,...they are looking at working capital statements which look at expenditures on exploration and acquisitions that don't show up on Income statements, but on the balance sheets instead unless they get written off, like in SUF's last quarter. The statement of changes of financial position (or statements of Cashflow) looks at what the company does with its cash, and this statement, by my first gaze, albeit with squished eyes shows SUF is spending much, much more than they are taking in with production over the last year. They are gambling they are going to find something. Do you think they will get lucky?
Just some hamster thoughts from the cage. I didn't tell my doctor to buy any shares. Could be really scary (ggggg). |
