SOUTHERNERA (t.SUF) Message Board

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

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To: Confluence who wrote (1613)	6/16/1998 8:08:00 AM
From: Goalie	Read Replies (2) of 7235

Excellent summary Confluence. The key points of this deal: exclusion of Camafuca (which is the big prize)from the package; SUF remains a company with huge future potential; cash flow for development of Klipspringer is guaranteed; assume a "favorable" marketing deal (most likely covered by a usual non-disclosure agreement) payment to the "heirs" is DB's problem; no debt load for SUF; deal between SUF/RG will likely be paid from future profits; politically, the Minister looks good because no showdown was needed -- the parties settled amicably (with the DME's help)and this also looks good on SUF who didn't force the Minister into a delicate situation; shows DB hardball tactics alive and well in RSA (will be noted by juniors in Canada); and the world will now unfold as it should... and the sun will rise in the east... Look for "buy" recommendations from astute analysts who can now work out the new "numbers" on their calculators. IMHO its not a "fabulous deal" but its quite an acceptable one when all is said and done. The bottom line is -- SUF's future remains on track as a potential big player on the diamond scene!

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