STT Sutton Resources LTD Message Board

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Gold/Mining/Energy : STT Sutton Resources LTD

STT 116.71

+0.9%

Nov 3 3:59 PM EST

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To: Andrew G. who wrote ()	4/20/1997 12:45:00 PM
From: mark calgary	of 52

You, like me, are very surprised that there has not been a thread created on Sutton. A friend of mine reccomended STT at a$16.00 to me. It took me a little while to focus on the stock because of the price. Finally I got off the pot at $18.00 and went for a very happy ride to $31.00. At that point I was told that they were beginning to approach full value for what they had in the ground. Kaisers news letter claiming that Bre-x' situation was beginning to get too kinky was notice for me to clear the decks and bail out of almost everything. Sutton on Friday ( or Thursday ) declared 100,000 options availble for directors etc at I believe $24.50 - think about it - that is $2.45 million bucks just to excercise the option !!!!!!!!!!!! - and its only 100,000 shares. I firmly believe that STT is undervalued even given Fridays price increase. I bought back in at $26.00 and fully expect it to go back to $31.00 and even higher when an offer to purchase the company comes in. Remeber these guys have something real, and we know from various announcements that several of the majors are prepared for significant purchases. When you see option activity like this it is ussually a sign that the boards and employees are rightfully about to get rewarded for their hard work - because they may not have a job soon. From the handle you can tell I come from Calgary. The oil business typically rewards its staff in this manner when something is about to come down. If the price scares you, remember that after the adventures of the market over the past while all of us would be very happy to have significantly reduced risk in our portfolios with a very possible 10 - 20 % upside. THESE GUYS HAVE THE GOODS, AND THEIR COMPANY MAKES A GREAT TARGET. I KNOW THAT THEY HAVE SET THEMSELVES UP TO BE A TOUGH TARGET WITH THE RESTRICTIONS THAT THEY HAVE SET. THEY ARE NOT GOING TO LET THEMSELVES GO CHEAP. THEY ARE COMMITTED TO MAKE SURE THAT THEY ARE GOING TO GET FULL VALUE FOR ALL SHAREHOLDERS. I AM VERY HAPPY TO BE A SHAREHOLDER IN SUTTON.

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