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

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To: VAUGHN who wrote (1725)7/3/1998 6:37:00 PM
From: Famularo  Read Replies (2) of 7235
 
Hello Vaughn, I beleive the market cap. on Southernera is low and we have purchased $250,000 worth of Southernera stock in an offshore IBC group. We beleive our investment should move upward by at least 50% by yearend. The IBC still maintains 1.75million dollars which we have placed 1mil in Treasury Bills and the remaining will be used on other diamond exploration stocks. We are awaiting the K91 results from Ashton next week or two and K14 450 bulk sampling later this year to decide how much we plan to invest in Ashton. Regards and Happy Investing!
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