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

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To: Rick W. who wrote (598)	1/21/1998 2:51:00 PM
From: Squidman	Read Replies (1) of 7235

Hi Rick << I mentioned in the conference call that there were at least two issues to be decided by the courts and only one may be "heard" at the Feb. 24th hearing. >> - You may be right. I forgot that you mentioned there were two issues involved. I only asked about the Feb. 24th hearing. So I guess the answer that there could be a "final decision" on that date might only refer to one of the issues. It would be helpful if anyone with a better knowledge of legal matters could speak to the company and find out exactly what the claims are about and how they fit into South African law. One thing that was mentioned to me yesterday was that when Southernera's JV partner on this project set out to aquire the mineral rights on the property they set up a 1 million Rand trust fund in order to compensate any heirs that might show up. I guess this means that such an event is not uncommon in South Africa and I'm curious how such claims are usually handled. Squidman

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