SOUTHERNERA (t.SUF) Message Board

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

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To: Peter Bourgeois who wrote (108)	5/14/1997 7:37:00 PM
From: VAUGHN	of 7235

Hello Peter No idea, but I do know that the company has been very successful in the past raising capital in Europe. It is possible more european $$ is coming in or simply more institutions taking positions. Since the price didn't move too terribly much over the past few days, I am guessing that some options or warrants are being exercised then crossed to institutions. If this volume came from individual investors, the stock would have moved much more dramatically. I have never observed a big bump in volume before a major announcement, which I have observed on a number of other stocks such as before Lytton's announcement two weeks ago. That would be a sure sign that there was some inside feather bedding going on and would be an unfortunate change in company character if it did. Regards

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