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

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To: GULL who wrote (1376)6/3/1998 3:10:00 PM
From: nempela  Read Replies (2) of 7235
 
SUF has announced that they're producing 3000 carats a day from the blow. SUF gave the latest information about the M1 dispute, confirming that, if they cannot reach a deal with De Beers, SUF will simply go to the Minister and state that they have been unable to reach an agreement, and ask him for a decision under section 24. With respect to the Camafuca ore evaluation, it has emerged as a deposit of enormous value: a figure of 13.5 million carats was mentioned (note that that is only based on a certain depth). That is all positive, material information.

With respect to your comment about the recent event in Angola:

The public SUF conference call to which I'm listening provided an answer: SUF was open about the information you reported, and the No. 2 manager has taken over the role of the former manager in Angola, as reported by SUF on the conference call, thereby obviating concerns about material effects on the company. Nevertheless, it is a personal tragedy. Can you not understand the difference?

I have no wish to get drawn into further discussion about this tragic event, and have no intention of replying further to your unusual assumption about the date of this event.

Nempela
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