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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: Elizabeth Andrews who wrote (5898)4/6/2000 9:37:00 AM
From: gemsearcher  Read Replies (1) of 7235
 
Hi Elizabeth.

Re DS - I think you hit the nail on the head. Someone must have peed in the DS morning cereal to trigger a 30 cent downward target revision. Maybe the London DS office (the report originated from there) is miffed that SUF is starting to approach the U.S. (as opposed to European) markets for $$. I think that the PDL bank financing has raised a few eyebrows.

The Camafuca write-off was the smart move IMO. It puts SUF in a better bargaining position with Endiama/potential JV partner , having already taken the hit. It also serves to further distance the promise of the future from the errors of the past.

This stock has about as much business being at $1.80 today as it did being at $20 three years ago .

Regards.
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