Hello Crudestope.
I think what you have to bear in mind/recognize is the not inconsiderable frustration most posters on this thread feel in terms of the inability of current management of SUF to engender and maintain market confidence in what , M1 fiasco/Camafuca obsession notwithstanding , they believe is a very good story. This frustration becomes even more acute with the realization that other diamond plays have continued to prosper/hold ground while SUF has tanked.
By way of example , the fact that RXD , a co. losing money , with principal assets in Mauritania and Sierra Leone , today enjoys a market capitalization more than 9 times that of SUF is testament to a lot of things , not the least of which is proficient management.
Simply put , the market is currently apathetic when it comes to the SUF story . Much of the blame for this state must fall squarely on top management , which Hilton Ashton recently labelled nepotistic , bungling and (in so many words) spendthrift. Whether this characterization is accurate or fair is irrelevant - the fact is that it is out there , is unstatedly to varying degrees pervasive and is severely damaging.
The good news is that the SUF board has shown signals that maybe the current state is not acceptable and have taken proactive steps to redress the situation (new CEO , tightened focus, Camafuca resolution). For our collective sake , let's hope they continue on that path.
Regards. |
