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


To: russet who wrote (4684)10/12/1999 9:21:00 AM
From: gemsearcher  Read Replies (2) | Respond to of 7235
 
Hello Russett.

Now that we've all had enough turkey , some going-forward thoughts:

1. I don't see how SUF can realistically get $1 EPS out of known Klip reserves; while I have not done the math , at 50 cpht/say $100 per carat it would have to attain very high production rates to get there. That having been said , I would be happy with 50 - 70 cents.

2. Heads up - SUF is carrying Back Lake at about $5 million - see AR; with the latest NWT NR , will this be written off this year ?

3. Barbs/threats aside , Whisky's PM serves to highlight a fundamental dichotomy that SUF must (hopefully as Confluence has suggested with the help of an investment bank - PHNPI) soon address. It was not that long ago that SUF had roughly 8X the market cap that it does today - while the loss of part of M1 , a depressed resource sector and the costs/delays associated with SUF's Angolan investment have contributed to the decline (among other things) , the fact remains that SUF had about as much business trading at $20 then as it does trading at $2.50 now - i.e. very little.

4. IMO , bottom line is that SUF is still an exploration co. with one producing asset. I think that the market is not punishing SUF for spending the $ so much as disagreeing with where and how much was spent.

5. Messina could really turn this stock around big time if it is handled /structured/marketed properly.

Regards.



To: russet who wrote (4684)10/12/1999 11:47:00 AM
From: russet  Respond to of 7235
 
More love notes from Whisky,

Tuesday, Oct 12 1999 9:35AM ET
To: russett
From: whisky

Hey Russett, your the one who talked of being a squished hamster, I only make the point that in my view I wish you were squished, because then we wouldn't have to hear your two faced opinions anymore. But I should have assumed you had one brain cell left, but of course I was wrong. Go back under your little table, you little person. Besides If I wanted to threaten you, it would be a little more obvious than saying I'd like to squish the hamster. You truly are a goof.