Sulliden Gold Corporation Ltd T.SUE.WT

RE: SUE Shareholders Wake Up!

[Corcovado]

Quote: I don't think that time is on SUE's side with just over $5.1 million in cash. That was for the year ended April 30, 2007. Given their burn rate, they have about 1.5 years of cash left on hand. After that they're going to have to go the market to raise funds with a depressed share price which means dilution. Perhaps, but in the same 1.5 years Peggy will have paid out 6 million bucks. It could cause a waiting game and a test of wills. Who is going to be more stubborn, Peggy or SUE management? Quote: Given the McLeod Dixon connection, I'm actually surprised that SUE is wasting money on Canadian litigation which IMHO is a waste of time and money and doomed to failure. I don't know what to make of it? Quote: I'd also be concerned with this statement by SUE itself: "Sulliden understands that the Commercial Chamber will grant Algamarcas Nullity Petition on the basis that Algamarca was not bound by the arbitration process because the President of Algamarca, in executing the Contract between Algamarca and Sulliden for the sale of the Shahuindo Property on November 11, 2002, did not have proper authority or power to include a provision in the Contract committing Algamarca to the resolution of disputes by arbitration." If the President of Algamarca did not have the authority or power to include an arbitration clause, how can he have the power and authority to sell the company ???? I think they understand but I fear the two leaders, SUE and CMM, will be stuborn and fight to the bitter end in the courts, which will take years and years. Quote: Anyhow, short of a deal between SUE and CMM, this litigation is going to go on for a long long time. With gold approaching U.S. $700 again, it would be nice to get things resolved and fast tracking a mine into production but that does not look likely at this point in time. Agreed, but I have reservations when the Chairman of SUE is getting paid either way. He's not starving. Hunger can motivate people to find solutions to all kinds of problems Quote: For the record, I own some CMM shares and zero SUE shares. I plan on keeping it that way as CMM has several other irons in the fire whereas SUE is a one trick pony. Just my 2 cents though. Thanks, any more opinions?