The Lobster Farm

[marcos]

I don't understand p&f, forgot the principles, i do resolve to learn it and learn it well this coming winter ... here's my take on the fundamentals - RSA is scarey, and soon as you get unease in the world people pull back to the centre, even though that's clearly illogical since it was the centre attacked this time, but regardless - the rand went down severely against the USD after 11 Sept, go figure .... but political risk aside, suf has now the capacity to generate serious cashflow - Messina is a cash cow just getting rolling, and they've just fired up Klipspringer 'ahead of schedule and within budget', 186,000 carats/year expected .... management is quite thoroughly chastened as to their previous spendthrift manner, and i think they're going to build up a warchest fairly quickly ... don't have any idea what's happening in Angola with Leviev and Camafuca et al, but in any case that won't cost suf any more cash ..... talking myself into buying this paper in the morning, aren't i [don't have any yet] .... cheers