SOUTHERNERA (t.SUF) Message Board

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

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To: russet who wrote (5823)	3/16/2000 9:51:00 AM
From: Elizabeth Andrews	of 7235

Is your calculation at 80 cents for Messina based on 100% or does it account for the minority interests? It seems to me that the strategy management employed (or maybe did not employ or consider) was to let the minority interests float while metal prices moved. It is ironic that the project is now much more robust but the minority interest is going to be a huge ongoing problem. The dilution I referred to is simply a guess, like everything else I do. SUF may now have to either pay up for the 46% in cash which they don't have or issue stock of questionable long term value without Messina. It's a beauty conundrum and probably best to just be out of the stock until there's some movement or clarity. By the way, amidst the windows of violence in most US cities, I still believe in the right to arms. It's very difficult to say what it would be like if only the police had the guns. The expression of the drive for money would be different but I suspect the effect would be worse on society because the existant inequality issues would be exacerbated.

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