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


To: gemsearcher who wrote (4727)10/15/1999 2:35:00 AM
From: m.philli  Read Replies (1) | Respond to of 7235
 
Thank you for the numbers Gemsearcher, they say volumes.
Now, since these numbers do not balance whatsoever with the present market valuation, I need a look at the macro picture.
Can you or someone comment on whether the analysts (who have not been bullish lately on Suf)ARE bullish on any other stocks in the diamond exploration or production field?
Seems like the whole section is weak and getting weaker.
If so, is this due to diamond supply/demand fundamentals (which I thought were bullish)?
Money sloshing over to gold stocks from diamond stocks, both private and funds?
Money being pulled out of the market y2k/pending crash etc.
With Asia, especially Japan apparently recovering, you would think a company producing diamonds and in a position to supply Platinum to set them in, would be an apparent winner. go figure.
If "in the know" people are seeing a problem of too many diamonds of the sizes produced by SUF coming to market, they should still be looking at the Brazil property where fancy diamonds that can range up to $40 MILLION A PIECE RETAIL, have and are being found in the area. IMO one of the wisest moves Suf could make, is to focus in on acquiring property that may produce diamonds of this quality size and valuation. These diamonds have Never gone down in value! Are rare, but will always have a stable market, regardless of the smaller/common supply demand fundamentals and whether or not, they can be made in a machine in some university. -mike
Oh, what I'd give to be at the dog and pony show, see CJ, walk up to the podium, reach in his pocket, pull out a 80 caret and 150 carat pink fancy, and say "ah, guess what we found in the river, while checking gravel depth. Better revise your earning for the year to $5 buck a share u.s. (gggg).