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


To: GEORGES who wrote (3063)4/24/1999 1:36:00 AM
From: Gord Bolton  Read Replies (2) | Respond to of 7235
 
When I spoke with IR they said they did not know who was doing the selling or why. If you see SUF heading for $4.00 on Monday expect a takeover offer.



To: GEORGES who wrote (3063)4/24/1999 11:11:00 AM
From: gemsearcher  Read Replies (1) | Respond to of 7235
 
Hello Georges.

In the absence of buyers generally (or a dedicated sponsor , as Confluence has previously alluded to ) I am becoming increasingly inclined to agree with your assertion that SUF must set a floor for the share price. Failure to do so may only lead to further decline motivated by margin calls. In that event , there will be considerable pressure to restore investor confidence. With all the good news (existing and potential) surrounding this co. and the virtually uniform buy recommendations from analysts , the absence of a buy side @ $5 is troubling. I can only conclude that the co. believes that there is news pending that will render this decline temporary - i.e. I can't believe they are indifferent.

Regards.

(Still got religion) gemsearcher