SOUTHERNERA (t.SUF) Message Board

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

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To: Andrew who wrote (5798)	3/13/2000 3:40:00 PM
From: choyhoy	Read Replies (2) of 7235

I think you can safely expect that the reservoir of goodwill that the SUF built in the pre-marsfontein period has been exhausted. Shareholders are tired of a company long on plans, and short on delivery. When I heard a few weeks ago that Klipspringer was in "pre-feasability", I almost lost it. Wasn't Klipspringer supposed to be a long term, economic resource, developed using the M-1 revenues? Or were those monies spent buying protection in Angola? You said you'd sell for $5.00. I'd be happy to get out at $4.00. I wish Banning well, and he obviously can't be blamed for the current situation. That having been said, he should prepare for a nasty annual meeting this year unless things improve quickly. Regards ch P.S. I really would welcome a hostile bid at this point. SUF's board of directors (few of whom have any significant holdings in the company), wouldn't know what hit them.

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