SOUTHERNERA (t.SUF) Message Board

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

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To: Gemini who wrote (5742)	3/1/2000 9:46:00 AM
From: que seria	Read Replies (1) of 7235

Purchase closed as expected. Q remains re: financing. Discussions are continuing with leading South African banks regarding the project financing for Messina and a favourable outcome is anticipated. I'd have doubled down at 1.80 if the only Q were actually buying Messina. Given that SUF is not Implats, and SAF is not the most stable environment for trucking slurry to a mill, it remains to be seen what deal banks will insist upon. It only makes sense that SUF would have wanted to announce financing with this release. The lack of such announcement, considering how long they've had to line up financing, makes me wonder whether they are still trying to get a deal acceptable to them. Hope it's just paperwork, or that the new CEO will make a difference to lenders. None of this shakes me out of my long position, but I guess now we'll find out whether the stock has moved up so much just in anticipation of acquisition, or also in anticipation of an acceptable deal for $ to mine. It's all speculation what the deal will be. I guess it's a bottom signal that I, a longstanding believer in SUF's prospects, am not willing to speculate any more on crucial to-be-announced info.

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