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Gold/Mining/Energy : SOUTHERNERA (t.SUF)

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To: russet who wrote (2440)2/11/1999 3:16:00 PM
From: VAUGHN  Read Replies (1) of 7235
 
Hello Russett

Thanks for the vote. While I would truly enjoy working for such a dynamic and quality organization, no one is offering. Regardless, given the priority SUF appears to continue to place on PR, I doubt they could afford me, or retain my services beyond correction of the current communications void.

I have mouths to feed and can't afford any short term gigs.

As for investment advice, I am hardly qualified, but can tell you what I have done.

SUF (and some ABZ) for the majority of my investment (long term perspective)cash/RSP's. Bought originally at $1.65 and on dips since.

IAR for my Spring play money bought @ $0.12 in December based on theory that with their share float and play %, their short term appreciation should be mathematically more compassionate (rewarding)than SUF's and similar to or better than KLA's. They are reasonably more predisposed to promote the play than SUF, have no African (third world baggage) and benefit from KLA's promotional machine drawing attention. Many have found KLA's management practices less than equitable over the years and I assumed IAR will gain as a less suspect junior way to participate in this play should a drill bite pay dirt.

So far I am a prophet but like the man says, "You don't count your...........

On separate NWT diamond plays, I continue to watch GMD closely, but remain frustrated with their lack of apparent motivation to commence an early spring drill program. Also keeping one eye on MPV. Do not like their management practices, but am impressed with project manager's (DB's) recent results, number of exploration targets and current momentum.

Regards
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