The reason for the drop is simple. It has nothing to do with M1 running out, or Klipspringer being uneconomic, or Messina not coming to pass, or Messina being Platinum not diamonds, or Camafuca being a big money sucking hole, or the NWT being a big sucking hole, or Brazil being a waste of money, or Australia being a waste of money, or management being full of chit. None of the above is true,... yet. The reason is very simple. Current management does not hold shareholders hands. They seem cold and unapproachable. They seem to be sulking as the shareprice drops. They blame the shareholder for the drop in price.
Management gets the shareprice they deserve. A hard truth in the public markets. You have to hold our hand. You have to tell us we are stupid to believe the shareprice should go down. You have to prove everyday that you are worth every penny your shareprice says you are worth, especially when you are in an out of favor industry. It's a full time job, and requires you reach out to the shareholding community constantly. Who does that at SUF? Who will do that at SUF in the future?
Whoever better start soon, because the shareprice capitalisation currently wouldn't cover a fire sale of the assets,...which means the market thinks management is going to run this company into the ground. Didn't have to happen. Just put a trustworthy face on the company. A face and voice we can all take solace and believe in. Show us SUF will continue to make money in the future, in ever increasing amounts.
A faint plea to management, from a severely squished hamster. |
