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

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To: VAUGHN who wrote (175)7/17/1997 2:08:00 AM
From: jim.h   of 7235
 
hello VAUGHN Its funny you should ask ! because of your post #173. Mr. Jennings was asked about going back to market.His reply I am a shareholder to and don't want any more dilution , we are working with an overseas bank for a loan and that it would be the first ever ! He started out (his words) with Klipspringer mine , and I call it a mine because it will be a mine it is a mine !! They are planning a 3000 tpd plant ! I have also been told by a (very) good sorce that there will be more then one plant, and many more pipes to come ! On one of his charts he had 262mil tonnes in over all strike if all is diamondiferous , your $500 a share should be more towards US$1500+ or if nothing else some very nice checks in the mail every 3 months ! Then you add Angola a few things at the meeting possable sorce pipe located for the $399 carat stones !! and a nother very large proven pipe to be awarded !! and as you have just seen major cash flow starting next month !! What else can you say the financials will tell the story ! Regards p.s WSP will soon learn that the sorce pipe is under the lake but on who's side ??
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