Hello George & Gemsearcher
There is no doubt that the fact that we are getting these releases is certainly positive in keeping SUF's name infront of the market. There is also no doubt that these pieces of news will all be substantive assets and contribute significantly to the bottom line and share value in the years to come.
However, none of this news is what the market is going to get excited about in the short term. All I can do is repeat what I have repeatedly stated. We need Canadian pipes with mine potential.
Investors are looking for significant "growth" and tenure security not third-world "value".
What SUF will realize from the Camafuca in its entire proven reserve life time, Canadian pipes such as DMM's or ABZ's will generate in six months.
To reinforce my point, over the past few days, have you looked at the ticker on SUF's junior partners on the Yamba Lake play?
Just today:
TQY closed at $.38 up 52% on 53,000 shares
MIY closed at $.18 up 29% on 230,000 shares
CAV closed at $.13 up 8% on 104,000 shares
These are all pennies that had a 52 week bottom of around $0.05 in the last six months and closer to six weeks ago.
The market is prepared to speculate in plays when there is a reasonable chance of exponential growth through tenure safe Canadian pipes. Unless I miss my guess, SUF would have gone up on speculation on Yamba if these other announcements had not distracted the market from the one story that would have excited it.
Regardless, the market will see SUF, but HB is going to have to announce a kimberlite intersection on that first target next week to begin to get the ball rolling.
If management is smart, they will forgoe any but the most material news from overseas and concentrate on putting out Canadian pipe discovery news no matter if its just progress, but with out interuption until their is momentum behind SUF.
My two cents.
Regards |
