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


To: Letmebe Frank who wrote (7052)2/5/2003 5:06:24 PM
From: gemsearcher  Respond to of 7235
 
Frank - my 2 cents - considering that SUF raised $70 million on a bought deal basis (an amount approximating 20% of market cap) , I am inclined to wait to see how SUF spends the $$$ - i.e. it's hard to believe that $$$$ would be raised / invested without all parties feeling pretty comfortable that it would be put to accretive use.



To: Letmebe Frank who wrote (7052)2/5/2003 5:08:12 PM
From: gemsearcher  Respond to of 7235
 
Then again , a 3 bagger is a 3 bagger ;-)



To: Letmebe Frank who wrote (7052)2/5/2003 11:07:00 PM
From: russet  Read Replies (2) | Respond to of 7235
 
Let me speak frankly (gggggggg),...

At this point, with your entry price you should be able to sell some and have a very low average purchase price,...so it won't matter what happens,...Murphy's Law,...right? I have several thousand freebies, and could care less what happens.

Are you sure what the mining costs will be for the PGM's?,...they did tell us that Klipspringer dykes could be mined profitably,...and Camafucka too,....????? They were right on M1,...but is this a good batting average?

I tend towards being a show me hamster,...with a twitch (gggggggg)



To: Letmebe Frank who wrote (7052)2/6/2003 11:48:19 AM
From: eyewatch  Read Replies (1) | Respond to of 7235
 
100 million shares by $5.00 is $500,000,000.00 TOO



To: Letmebe Frank who wrote (7052)5/3/2003 9:05:25 AM
From: russwinter  Read Replies (1) | Respond to of 7235
 
FYI, I reloaded for a half position @ 5.80 on Friday. Kind of a peculiarly neglected situation. I calculate, it's only selling for 4.5X enterprise value on Phase I cash flow, and a mere 2.5X EV/cf on I and II. That's way too cheap for this property, and doesn't even count the diamond prospects.