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


To: Shaw who wrote (5239)12/23/1999 10:31:00 AM
From: gemsearcher  Read Replies (2) | Respond to of 7235
 
Hi Dean.

Great story in the NP this morning re the RXD craze. RXD currently enjoys a market cap of $580 million. Conversely , SUF has (I won't use the word "enjoys") a market cap of less than $50 million. RXD is losing money , SUF is making money. The problem with SUF is that the market has lost confidence in SUF's ability to deliver. The economics of Leopard continue to be uncertain. The economics of Camafuca are uncertain. Messina , originally slated to close in August , was pushed back to November and has now been slated for January - financing uncertain. Leadership uncertain - CJ stepping down , no replacement announced yet. Australia uncertain - I mean what the %*&# is that ? - "We're doing a JV but we can't tell you what it is". Too funny.

It's been a Keystone Kops kind of year. That said , the co. is making $$ , has no debt , great properties and is a steal at these prices IMO. Let's get this "annus horriblis" behind us and move forward.

All the Best.