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

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To: Gord Bolton who wrote (2764)4/7/1999 4:35:00 PM
From: DIAMOND JIM  Read Replies (1) of 7235
 
Hello Gord
At this rate we will be lucky to see $7. Every NR is pushing this stock lower towards the M1 fight lows - this new JV in the jungle is being perceived as a negative in the market. It is clear no one likes this stock. The only factor missing is large volume but the steady down-ticks are eating the value away-down at least 40% this year. As discussed on the thread value investing is out the window now and there are a number of very low P/E companies out there (CHC helicopters for eg.) Without a proven billion dollar+ pipe(s) in the bag, we won't see $10. Regards DJ
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