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

To: Gord Bolton who wrote (6639)	6/10/2001 9:45:36 AM
From: russwinter	Read Replies (1) \| Respond to of 7235

Doesn't SUF have 108.2 million out, for a CDN 443 market cap? Still an interesting valuation exercise. They could use a little cash (current assets 8 million, liabilities 36 million). Might be the perfect FN 15-20% stake situation (if they could stomach SA). On ibs Hedging 101: I really wish there was a comprehensive look or stress test study of the top hedge books, with special attention given to call writes and deltas. I don't believe strike prices will serve as resistance, in fact quite the opposite because of the need to purchase offsetting ounces by black box formula.