SOUTHERNERA (t.SUF) Message Board

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

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To: Gord Bolton who wrote (6537)	5/10/2001 10:07:06 PM
From: teevee	Read Replies (2) of 7235

If SUF does not have the metal take off agreement ready to sign, I do not know what the Rand Merchant Bank Committee will be meeting about. Upward pressure on MES and SUF says we are ready to go. Once the take-off agreement and development financing are in place, mutual and pension funds may then start buying in earnest, given SUF's growth profile with no less than 3 mines under development. IMO, with the remaining $3 million in debt from last year still to be converted to stock, plus the warrants at $3.00 for about another $9 million, the timing couldn't be better. The debt conversion and the warrants will facilitate funds getting positioned without moving the share price too high beforehand. Thereafter, the share price will be free to move up significantly. cheers, teevee

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