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

To: Goalie who wrote (2647)	3/30/1999 12:17:00 PM
From: VAUGHN	Read Replies (2) \| Respond to of 7235

Hello Goalie I think Confluence's post pretty much covered the bases. I really did not see anything in SUF's NR to shock me; it was pretty much as I anticipated considering the right downs and Leopard development. All those on the thread who were, and are still, putting so much store in earnings boosting the share price will I hope, now realize that that is not what will do it in the short run. $6.00/s when I last checked. The Canadian market is not focused on value investing. It is focused on immediate growth! The company is solvent and stable in so far as they can be in the RSA. With the Leopard's adit advances, long term cash flow is relatively assured in so far as it can be in the RSA. Shareholders must insist on more resources and effort now being redirected away from Leopard development and even reduced on RSA exploration, and invested rather in finding mineable pipes in Canada and preferably up here. Any pipe found on the M farm will only give SUF 40% and then probably only for a year or two. SUF has highly prospective properties up here that they own out right or share, but the kicker is that the resulting mine life is likely to be between 16 and 30 years. Only multiple free market economic pipes are going to capture the market's attention right now! And there will have to be a number of them. I understand the need for fundamentals and I am not criticizing management for keeping their eye on that ball. Quite the opposite. Management have done a terrific job in that regard, but the time has come to focus on long term potential through exploration and discovery of several world class deposits in a democratic country and honest business environment. Without dividends, the market does not care about anything else. Come on Howard, where is that NR? Regards