SOUTHERNERA (t.SUF) Message Board

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Gold/Mining/Energy : SOUTHERNERA (t.SUF)

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To: VAUGHN who wrote (1500)	6/9/1998 9:41:00 PM
From: Jadrew	of 7235

Vaughn re: Obstacles If you check back on my earlier postings, they usually involved some type of financial forecast etc. on SUF's future. I have been a owner of SUF for a number of years. However, I was guilty as I believe many fellow shareholders of overlooking (in retrospect) a major issue. The diamond market is dominated by a major player, who has controlled the market for many years. While it can be argued that this player has brought stability to the market, it has also dominated the market. To think that a junior mining concern, no matter how successful in its exploration activities would be able to develop its full potential without a challenge is an oversight. The diamond demand is finite. An increasing supply must be absorbed by this major player. In order for SUF to be able to develop its projects it has to do so with the co-operation of this major player. This "co-operation" comes with a variety of strings attached. Lets hope a mutually acceptable deal can be worked out. If not, a number of parties will probably be hurt (SUF, DB, SA etc). Lets hope that arrogance doesn't kill the golden goose.

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