SOUTHERNERA (t.SUF) Message Board

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

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To: Shaw who wrote (4871)	11/4/1999 11:53:00 AM
From: GEORGES	Read Replies (2) of 7235

I agree with what you said and i believe that CC were contacted as part of the share buyback but the volume for sale was so large that it exceeded the 5% (1,300,000 shares) allowed. Suf therefore decided to keep the funds for exploration-development. I think we will need to be patient a while longer and be prepared to ride this thru.....the bottom is still not reached, but I remain a believer in this Co.and it s management.A new CEO will be the first good piece of news, with CJ staying in charge of exploration. The feasibility study on Messina may be released as soon as next week, and that should also help. But no matter what happens we are going nowhere until the large volume of shares for sale by CC (I presume) has not found a buyer.

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