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


To: Andrew who wrote (3937)7/9/1999 10:34:00 AM
From: Gemini  Read Replies (1) | Respond to of 7235
 
Thanks Andrew, I am sure you are right, just get frustrated every so often when the price drops off again. Although I admit to trading some shares while holding a core. IMO the idea of paying a dividend is good since, as mentioned in an earlier post, it would attract another set of investors. Buying back shares also has some merit, but in the end it is the institutions that need to be attracted to this stock.



To: Andrew who wrote (3937)7/9/1999 12:21:00 PM
From: VAUGHN  Read Replies (1) | Respond to of 7235
 
Hello Andrew

Good short and sweet summary of SUF's anchors.

To beat a dead horse, when you look at how ABZ's price jumped upon the news that the EAR had been reviewed and was submitted for approval, or even Still Water Mining's market assigned capitalization, I think we can see a real demonstration of how the market rewards good news and/or North American (flat playing field) assets.

In between substantial news releases, I would like to see SUF maintain a policy of informing investors of plans such as last night's WSP NR. SUF appeared to have adopted such a policy recently at least up until this past week, but I would like to see it sustained weekly if not more.

There is still a terrible information vacuum.

newswire.ca

I am not sure I want to see any more institutional investors as they do not support an active market. When you look at the AR you can see that just three shareholders appear to control more than 80-90% of the stock and are presumably just sitting on it. That does not leave very much to free trade and therefore it takes very little volume to make substantial price swings.

Bottom line, until who ever has finished unloading what must be a considerable amount of stock, I do not anticipate a correction.

I just wish, as I am sure most of us do, that we could take further advantage at these prices.

As for anything more ominous holding things back, I certainly don't see any evidence beyond the dangers outlined in your post.

Regards