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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: Peter Bourgeois who wrote (78)4/26/1997 10:04:00 AM
From: Bob bob   of 7235
 
Hainey's recommendation dates from last fall. Because Eagle & Partners, Sprott and Canaccord were involved in the last bought deal with SUF (2 million shares at $7.75), their analysts are forbidden from making new comments until the prospectus is filed. Once this quiet period is over, I'd expect that the strong support from each of these firms will become more public in the form of buy recommendations and positive commentary. Its my understanding that this last financing came about as a result of Hainey's visit to Klipspringer, so he hasn't even commented on SUF since his return. It is interesting to note the buy side volume from these 3 firms over the past few months. It seems that these shrewd brokers have been buying large positions, implying good expectations over the next while.

Cheers!
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