Hello Peter
Glad you expect a "cheer-me-up", they are nice to get, but all too infrequent this year. The depression and sniping on some of the other threads is all too common and reflective of everyones pain.
Regardless, SUF & ABZ are both quality stocks with proven assets caught in the resource down-draft. I really would not lose any sleep over the current price as even if the market tanked for a year or more, revenues would drag the price up by next June. Klipspringer will be earning modest coin by then and Angola will be contributing between $4,000,000 to $10,000,000 to the bottom line depending on recoveries.
My only worry on this play is the total African exposure. If Mandella was to pass away or if Angola's peace was threatened, then uncertainty could depress matters much longer. It is so important in my view, that the company finds some real Canadian assets.
They will be heading back onto the KLA ground in two to three weeks and Kennecott/Aber have been drilling shared targets for a month now. I am still quite optimistic of positive announcements on these fronts as I have seen the magnetics and they are outstanding.
I wish my 6-49 (lottery) would pay off so I could take a serious position in these two.
Tomato, if your lurking, keep in mind that SUF & WSP don't just share ground in Manitoba but also in the Urkrain and Zimbabwa I believe.
You may have to sing management's praises and send flowers!
Regards |
