SOUTHERNERA (t.SUF) Message Board

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

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To: Rocky510 who wrote (4481)	9/9/1999 2:18:00 PM
From: VAUGHN	Read Replies (1) of 7235

Hello Jimmy It is my assumption that with confirmation that SUF would be supporting the price through its approved share buy back program, we have seen the bottom. As such, I took advantage of the opportunity yesterday. I think it is safe to say that the down side risk has now evaporated. Between now and early next year, we should see slow but steady appreciation, allowing for the usual end of year tax loss selling if it largely has not already occurred. I remain very optimistic that we shall see significant appreciation next spring upon the announcement of Yamba Lake drilling success, and I remain reasonably optimistic that we shall see some appreciation between now and then on announcement of some Brazilian exploration success and positive data processing findings. I am sure we shall hear about success in the RSA & Angola, but I suspect the market will significantly discount that. Time will tell and I hope I am wrong (in the latter two cases that is). Regards

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