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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: Confluence who wrote (1877)7/31/1998 9:56:00 AM
From: Guy Paquin   of 7235
 
All, a staring contest at the opening, a 6.10 bid looking at an 6.75 offer straight in the eyes. Who's going to blink first ? I just called the company and a TD analyst is going to released a new analysis in the near future. The IR officer asked me to called back next week for more news. He confirmed they are going to start mining next week. The key is to estimate what kind of earnings and cash flow they can generate next year. The downside risk is limited so I am to hang out here.

Regards

Guy
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