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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: GULL who wrote (1209)5/23/1998 1:58:00 PM
From: Jadrew  Read Replies (2) of 7235
 
Apology ?

These postings by yourself (I assume a DeBeers "associate") and Infoman (I assume a lawyer representing the "lottery" winners) are becoming a nuisance. The majority of the people who post here are individual sharesholders or shorters following the company.

Once this M1 thing is over will you promise to leave ?

Gull, you can begin to worry about ABER (you know who they are ?) marketing their own diamonds and Infoman, you can "adjust" to the new South Africa laws (retraining may be a suggestion).

As far as the current situation is concerned. Let's see.

1) DeBeers prospects and abandons M1 (no heirs in sight).
2) SUF and Rangold prospect and find a deposit.
3) Heirs appear with brilliant legal representation.
4) DeBeers somehow become involved (before/after heirs ?)
5) Financial Post in Canada reports that DME supports SUF
6) Brilliant heir's lawyer runs off to SA court saying "You can't say that, we still have negotiations going on."
7) Infoman reports a "News Flash" supposedly retracting the statement, BUT fails to mention that minister still retains right to section 24, expropriation of property.
8) SUF stock suffers as a result as market doesn't like uncertainty
9) Section 17 withdrawn.
10) Debeers in negotiations with SUF, I assume to discuss "marketing" of SUF's production from various sources.
11) South African DME minister has to make a call on section 24 "In the public's best interest."

Let's guess. The decision will be in favour of DeBeers basically reinforcing the idea that inherited mineral rights should be passed down in perpetuity, just like in the good "old" days. International company's will see this as just another risk of doing business and still happily invest in SA.

Dream on. This is 1998.
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