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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: Confluence who wrote (2737)4/6/1999 7:59:00 PM
From: gemsearcher  Read Replies (2) of 7235
 
Hello Confluence et al.An issuer bid , declaration of dividend and/or a share split are examples of customary corporate initiatives that are employed with a view to (or have the effect of ) share price appreciation. The former two are generally regarded as a poor use of an exploration co.'s cash resources (any appreciation in SUF price via these techniques would , IMHO , be short-lived in this market); the latter would improve liquidity but is not feasible at these prices. I think that once the herd has finished chasing co.'s like bid.com (I really must be -and apparently am - missing something here), there will be a return to the Planet Earth with a focus on growth - oriented stocks with fundamentals. In the meantime , the SUF drills keep turning (now in surround sound), the cash keeps coming in from production and new opportunities present themselves. It won't be long now. Regards. gemsearcher.
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