SOUTHERNERA (t.SUF) Message Board

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

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To: Danny Deadlock who wrote (4789)	10/25/1999 11:15:00 PM
From: DavidA	Read Replies (1) of 7235

Hi Danny, thanks for the site, her's the article... A new one: Southernera SUF $2.60 For you old timers, SUF was one of those diamond juniors that made it big in the Northwest Territories rush in early 1990. Chris Jennings has been there, done that, but what he has been doing for three years is to make a stack of money out of very profitable kimberlite in South Africa. The mine started with a short mine life, but was promoted heavily with the effect that SUF climbed to nearly 20 bucks. Worries about mine life and financing of new development kicked in and the stock has been sold ever since. SUF also bought the neighboring platinum mine from Impala and has been doing some good work in rejigging the numbers to the effect that the mine is profitable and offers big upside at these platinum prices. They also found a new extension to the existing kimberlite to the effect that mine life is now 12, not 2 years. The stock is trading at a 3-year low and Chris has the knack of coming back from the dead. For those with patience and bottom-fishing instincts, this is a great buy. I expect Bay Street to wake up next year when Chris announces the new feasibility study on the new project and there is a rush for the door. Chris is also 60 years old, and owns 10% of the company, and is very pissed off at the stock price. He will be promoting actively (in fact I saw him in London last week) and I expect to see things recovering soon. ÿ ÿ ÿ ÿÿÿ .

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