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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: Peter Bourgeois who wrote (6011)6/8/2000 11:33:00 PM
From: VAUGHN  Read Replies (2) of 7235
 
Hello Peter

I have heard absolutely nothing but I continue to wonder about the unusual activity on both MIY and TQY. Some extremely large bids have shown up there over the past two weeks and volume has definitely spiked out of the blue.

In TQY's case the big bid is low enough to possibly be a short cover, but the big MIY bid that cleared more than a week ago was too high to be a short cover. Its possible some folks are speculating or positioning themselves in anticipation of MIY's announced move into E diamond retailing, but then its also possible some recently departed individuals held back some SUF drilling news while they filled their pockets.

I have written CJ & HB to find what I can, but I remain skeptical about the vague information in both the AR and QR. There were supposed to be 15 targets drilled yet only six are now indicated. They were all supposed to be immediately at the head of cut off geochemical trains and ground geophysics was performed on each of them. So with all that, it is very difficult to believe that drills were dropped into granite or Loon shit.

I see TAH has one diamondiferous pipe almost right on our northern border and BHP has at least one not too very far southeast of our southern border.

So I guess you could say that I am from Philly until CJ tells me a credible story on why we have no positive news.

Regards

Vaughn
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