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

To: PHILLIP FLOTOW who wrote (4614)	10/2/1999 5:21:00 PM
From: ogod	Respond to of 7235

sure yorkton s analyst likes it that means something and nothing, yes if suf was looking to a secondary and get the firm/its client funds involved, the reality is no firm is likely to get behind suf without incentive, jennings strikes me as the kind of autocrat who will try to go it alone fm from what i can tell is turning away from suf, which for now leaves suf without any corporate support, a new analyst is unlikely to sign up until either messina or new bulk samples become available, my feeling slight rebound and sniff of the 3.10-3.50 range after earnings, then test for new lows towards year end, the tax loss selling on this baby will make for some interesting buying opps, hard to believe the value/marketcap ratio, but ""'The problem with many value stocks is you can buy them too early.' said Kilbane. 'We like to buy undervalued stocks only when investor sentiment is improving" I don t see a reason for sentiment to improve anytime soon the earnings surprise will only raise more questions, not assuage concerns, such as what are they doing to improve sholder value how many shares have been bought back etc...

To: PHILLIP FLOTOW who wrote (4614)	10/2/1999 6:56:00 PM
From: gemsearcher	Read Replies (1) \| Respond to of 7235

Hello Phillip and (gotta love that handle) ogod. Very good posts. Thank you. A few thoughts: 1. I doubt we will see a "positve earnings surprise" from Q3. M1 grade declining and too early to assess expanded Marsfontein resource to permit longer amortization of Randgold payment. That said , I think (hope) latter will be determined by year-end , thereby permitting restatement of Q2/Q3 earnings. 2 "new management/positive earnings surprise". The signals are out there that CJ wants to shed some of the Presidential burden and refocus on exploration. IOW , I would not be surprised if a new Prez (CJ would stay on as Chairman) appeared soon. Messina looks better and better - it will close in November - production ramped up from 60K to 80K tpm , PGM prices moving increasingly higher. 3. Y2000 will see much lower EPS - too early to tell Phillip but .23 looks low (but not ridiculously low). 4. In sum , my guess is that the bankable will prove Messina as a 25 - year mine life at 60-80 cents EPS for SUF. The real question is whether in these day-trading days the market will leap to Messina or wait it out. I guess we'll soon see. Regards and a good weekend to All.