SOUTHERNERA (t.SUF) Message Board

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

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To: VAUGHN who wrote (6577)	5/30/2001 8:27:01 AM
From: gemsearcher	of 7235

Hi Vaughn. Your post (and the exchange with the other shareholder re the share issuance resolution) raises an interesting point/dichotomy. On the one hand , I endorse the notion of a rights offering in lieu of a PP , albeit for entirely selfish reasons. On the other hand , I have felt for quite some time that SUF must recapture the institutional investor base that it lost a couple of years ago if it is to fulfill its potential and establish an orderly , sustainable market for its shares. While the two objectives are not mutually exclusive, they need to be co-ordinated. Suffice it to say that once that institutional base is established , i think they too will push for financings via a rights offering , for the very same selfish reasons that are motivating the present suggestion (and my endorsement of it!). Regards.

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