Hello geoffb_si
Your cheerleading aside, there are many here who do not consider a recovery from pennies to dollars as performance, when they bought and have owned this stock when it was tens of dollars. SUF has recovered from an oversold position brought on by the efforts of a major player bent on punishing CJ. For obvious reasons I will not go into detail, however resulting market valuations were far less than book value. The market can read a balance sheet and evaluate opportunity.
That is not "management performance", but simply a combination of speculation and value investing.
Management's contribution has been to get our financial house in order, but more importantly, the establishment of a record of stability and focused direction.
I need not point out juniors, which have performed at the same or better rates, as they are too numerous, so let us stop playing games.
The market's treatment of our share price this morning is indicative of what giving away assets and dilution will do for our investment. Shareholders and potential shareholders need look no further.
You have come along to make a quick buck on an undervalued stock. You will make your money on the backs of others and be gone in a short time. Most of us understand your motivations and perspective. However, lets not confuse your kind of investing (and I use the term loosely) with practical fundamental long-term investment motivations.
There have been many like you on this thread over the years. They have come and gone and your clones can be found on most threads.
Bang the drum as loud as you can and separate fools from their money if you can. But don't expect prudent seasoned investors to support your transparent efforts.
The RSA is facing more political turmoil and it is the most stable country south of the Mediterranean. With few exceptions, the rest of the continent is either at war, next to a war and/or corrupt beyond redemption.
I'm sorry, but that is not where people invest their RSP's, their future, or where funds risk their long-term capital in a less than dynamic market.
I have maintained for years and I repeat, SUF will only earn significant market support when it finds and develops significant first world assets.
Australia, Canada and Brazil (to a lesser degree) are where the potential of real appreciation lies.
Messina is a terrific asset with significant revenue potential, but at the end of the day, the market will always perceive it as an asset at risk and therefore the company's shares will appreciate, but not to significant multiples.
Any exciting SUF future lies in using Messina to finance first world asset discovery and development.
Anything else resigns us to long-term underperformance.
We do not need to, nor should we support, reducing that revenue generating capability. Messina will never give us significant stock price valuations, but it's revenues will give us the potential to find first world assets that will.
I don't support short sighted, self serving strategies that will only result in mortgaging our potential for long term appreciation.
Regards
Vaughn |
