Gentlemen & Elizabeth
As a footnote on the NR, I did not read Lee Barker's name in any of the text and that seems unusual, regardless,...
1. SUF distances its self financially and physically from individuals and a market determined to undermine it.
2. It moves to a country less risk adverse in its investment perspective.
3. It moves to a country in which DB's probably can not lay its hands on it and while I appreciate Crudestope's European perspective as the best place to be, but I suspect this issue may have had some influence on the decision.
4. It moves to an exchange more likely to award reasonable share price multiples.
5. It moves to a country in which there are deep pockets interested in an emerging significant player in these two minerals, and doubly interested because of the lack of any unpleasant African or Latin history, links or politics.
6. It removes internal dissension and consolidates a management team determined to pull in one direction.
7. Finally, while there was nothing black and white in the NR, reading between the lines I sensed another corporate change. I of course could be hallucinating, but there seemed to me to be recognition that exploration success and promotion will have far greater focus in the new southern Southernera. Two themes on which most of you know that I feel will breathe life back into our share value.
I personally applaud the change. While it comes with a heavy price, it had to be done for the good of the company and shareholders. The alternative was three years of stagnation, unpleasant AGM's and bitchy Internet posts that would have left the company financially viable but probably either irretrievably forgotten by investors or taken over for a song and broken up.
While some on this thread were openly interested in a takeover at ridiculous prices, and may well have been part of a plan to produce one, I am not.
I invested in SUF for the growth of the company towards an independent and lucrative future. This move and other announced changes in my opinion helps put the company back on that track.
My only hope is that the move is immediate so that the posts I read on SI are on SUF's exploration progress and success, and not more endless gripes and criticisms.
SUF is heading up to Yamba Lake this week people and as sure as mosquitoes suck, we are (Howard is) going to find pipes (not dikes) and lots of them.
My fervent hope now is that the new IR man does not sit on his proverbial pen but rather updates the web site and starts putting out progress NR's on a weekly or at least a by-weekly basis.
If he does, enjoy the ride, because Yamba is the best-unexplored property near DiaMet & Aber, bar none. There are economic pipes immediately north and certainly immediately south. We are all on the same geological trend, and there are already proven diamondiferous pipes on our claims.
Anyone who argues that Yamba's pipes have all been found does not have the slightest idea of what he is talking about. Just cast your eyes to the south where BHP continues to find more and more economic pipes year after year, and long since the "experts" suggested that they had all been found.
Will they be monsters? Probably not, but then the rules that apply in Africa do not apply here. As often as not, it is the smaller NWT pipes that have proven to be higher grade and it will not take too many out of our 100 targets to make a mineable deposit. Keep one other fact in mind as well. It is entirely possible that SUF will never have to build billion dollar infrastructure but rather they could haul ore up to Lupin or down to BHP for processing. That possibility alone changes the economic equation considerably.
Lets all prey for the first core pulled to drop a three-carat perfect transparent crystal smack on Howard's right foot.
Good luck to all and enjoy the coming months, they should be fun.
Regards |
