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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?


To: russet who wrote (3841)6/29/1999 11:32:00 PM
From: Brian MacDonald  Read Replies (1) | Respond to of 7235
 
The rate of return that SUF gets from M-1 is nothing short of incredible!

If they continue to find more and more tonnage at M-1 that comes close to the cpht that is being mined at right now, SUF will be flush with cash in a year or two and in a very good position to take advantage of the present depressed state of the whole mining sector.

Management is already looking beyond and making deals that will assure long term stability but it looks to me as though they'll be mining diamonds on that farm in RSAf for a very long time.

The way the stock gets knocked down every time it tries to rally - on very low volume - makes me think that somebody wants to keep the stock within a certain range so that they can accumulate a very large position for a set amount of money. Perhaps it is also being done to prepare the ground for a low priced buyout.

Perhaps I think to much.

Brian

P.S. Russet, the table was done by Vaughn. I just re-formatted it.