Hello Joe
I think YE is December 31st and the AR should be out in May or June if previous years are any indication.
I think many of those analyst's reports you mentioned are several months old and probably did not consider the current M-1 difficulties.
Regardless, as Goalie and a few others have indicated, the M-1 only contributes marginally to the stock projected value.
As I just posted on an e-mail to a correspondent,
Anyone buying today in the $9 range is getting a steal even if the price bumps down!
HB is in SA for the International Kimberlite Conference and probably to follow up on some further exploration there.
SUF will without question be putting out some further exploration news over the next several months on their other Klipspringer claims/farms.
There will of course also be financials on initial operations at Klipspringer and Angola's production both of which will be increased in 1998.
Its my understanding that LB is heading up here later this week to manage the drill program on Back/Munn/Margaret Lakes and possibly to take a look at a few other opportunities perhaps on the claims I alluded to a few weeks ago?
What ever the price closes at this week, buyers are going to be laughing all the way to the bank within a few weeks to months.
I personally don't want Funds to accumulate anymore as this stock is already too tightly held. It takes far too little volume to move the price down and up which is unhealthy.
I would rather see much more volume and less volatility thankyou.
Congratulations, to any buyers today.
While I have a nice nest egg of longer term cash in SUF, I wish I had a few loose $$ available to tuck away here.
Oh well, I am tied up in IAR & SVB with my speculative $$ but that should be enough to put a smile on my face......
Regards
P.S.
***NEWS RELEASE****
SOUTHERNERA RESOURCES LIMITED - CONFERENCE CALL
TORONTO, April 15 /CNW/ - SouthernEra will be hosting a conference call
at 10:00a.m. (EDST) tomorrow, April 16, to clarify the details of the press
release of April 14, 1998. To participate, please dial (416) 406-2954 or if
this line is busy dial (416) 406-6493. The access code for both lines is
5461#. To prevent interruptions, we ask that you mute your line by
pressing *6. If you wish to ask questions, you can remove the mute function
by pressing *6 again.
Regards |
