Hello RB Mac & Phillip
Welcome to the thread.
This reference to Launda Norte Province fighting is the first I heard of in this diamond district. It is where SUF and DMW are located, but whether any fighting is in their immediate area I have no idea? It would seem safe to assume that if it is not, it will be shortly.
The upside to some degree in all this, is whether SUF will now be obligated to make that large Cash payment on these assets? If not, that frees up some capital that could be put to further Klipspringer development or Canadian exploration.
I have never observed that the market put much weight on SUF's Angolan assets, other than initially upon the Camafuca aquisition announcement. With the general negative market sentiment, its likely some investors are just dumping in anticipation of a down draft.
The facts repeated several times over the past month on this thread indicate that SUF is worth between $9 and $12 on their RSA producing assets alone, ignoring RSA blue sky and Angola.
The market just is not in any mood to listen right now.
If there is a summer or fall market rally, especially in resource stocks, and SUF is able to post production figures and some RSA blue sky discoveries as they did last year, then current prices will be wishful thinking. Unlike most pure Canadian diamond juniors, SUF has traditionally appreciated in late summer and fall on African news.
I think you have to take the longer more pragmatic view and certainly take advantage, and average down, if you bought in at higher prices.
While current prices are frustrating, the fact of the matter is that they are a heaven sent opportunity, if you have the cash and patience.
Regards |
