SOUTHERNERA (t.SUF) Message Board

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

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To: tanoose who wrote (11)	10/22/1996 3:55:00 PM
From: Frank Sauer	of 7235

Talked to IR. They blame the price drop on warrants being exercised for several hundred thousand shares which become free trading. The shorts have increased their positions recently to take advantage of this situation. On the technical side, no news. They are proceeding to drill their kimberlite in South Africa and just have poured the foundation for building a crusher. Updates on this project are expected within 6 weeks. Frank

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