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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: DavidA who wrote (1064)5/8/1998 1:22:00 PM
From: INFOMAN  Read Replies (3) of 7235
 
The DME has recently stated that they are not backing any party in this issue, the case which is to be soon heard in the SA courts. Which public statement from the DME are you referring to. I refer to their latest press release which has been quoted on by numerous papers, and which has also been posted on this thread.

The courts ruling will obviously be decided on the basis of any written or verbal arguments put forward by the parties, and how the law should be applied in this respect. It is not a question of NGS hiding behind any applicable laws. Would you then condone SUF acquisition of any mineral rights by stealth. I suspect not.

You mention and i quote ' for what we have not done correctly ' Am I correct to infer that you speak on behalf of SUF? If not, then you have also accepted that the procedure SUF followed in attempting to acquire the mineral rights was not correct. I agree.

In so far as the relationship between NGS and De Beers is concerned, i am unable to comment as i am not privy to the details reached in their agreement. This is after all an agreement which is confidential. The attorneys acting on behalf of the heirs are most reputable and experienced, and no doubt have worked in their best interests Suffice to say that i am extremely confident that they will win the case. All the available evidence points to a successful outcome in favour of NGS.

I will of course, post all the relevant news pertaining to this matter, and those whom are interested, can make their own decisions as to which party followed the ' moral high road '

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