SouthernEra Resources Limited -
Taylor adds some sparkle with SouthernEra recommendation
SouthernEra Resources Limited
SUF
Shares issued 26,881,395
1999-07-21 close $4.01
Wednesday Jul 21 1999
Writing in the July 13 issue of Gold Resource & Environmental Stocks, Jay Taylor
follows up on his recommendation of SouthernEra last month with more detailed
coverage. The stock closed recently at $4.11. In the past, Mr. Taylor has paid
scant attention to diamond companies in his newsletter but SouthernEra has
apparently prompted him to add a little sparkle to his recommendations.
According to Mr. Taylor, SouthernEra is "a quality company that has escaped the
attention of la la land Internet investors," giving more astute investors an
opportunity to take a position in "this remarkable company" at attractive prices.
According to Mr. Taylor, the Leopard Fissure diamond project alone, part of the
Klipspringer land package, should allow SouthernEra to produce very strong cash
flows for the next 20 to 50 years. He briefly sketches the company's interests in
Angola, Brazil, and Canada but seems most impressed with the Klipspringer
diamond projects and the Massina platinum mine in South Africa. Based on
existing and projected production from these operations, Mr. Taylor says
SouthernEra "should sell at a price of upward to $10 per share."
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
old url (better for printing) |
