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


To: Confluence who wrote (2545)3/5/1999 8:51:00 AM
From: Andrew  Read Replies (1) | Respond to of 7235
 
Hello Confluence,

Actually I had 2000 bid at 6.80 ahead of the 25k order and moved my bid up when I saw that not much was offered up to 7.85. Perhaps I was a bit hasty but 10 or 20 cents wont make much difference in the long run I believe.

You are correct about FM. They are probably accumulating for an institutional buyer. I believe FM was also responsible for accumulating Aber for Franco Nevada. From what I understand FM is very positive about SUF.

The best time IMO for a release of positive news would be in the middle of an uptrend. I believe we are at the beginning of a short term uptrend now. I wish some very positive news could be announced that would help break that $9 resistance, we may get it soon. Year end earnings are expected in 2 weeks and lab results from the core recovered from the newly discovered pipe are also expected in about two weeks. I would like to know if drilling is continuing on the pipe and in the area. I believe the fundamentals of SUF are way ahead of the price but we all know that fundamentals are not the only thing that drive the price.

Is anyone on this thread considering going to the PDAC in Toronto? I may be going and it would be nice to meet up with some of you for a drink and some chat. Feel free to PM me if you are.

Regards,

Andy