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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: Valuepro who wrote (2040)9/25/1998 7:08:00 AM
From: Peter Bourgeois  Read Replies (1) of 7235
 
Hello Valuepro!

I just received my copy of Investors Digest dated 25 Sep. One of their featured articles is on SouthernEra. The headline reads SOUTHERNERA COULD DOUBLE TO $12 IN SIX MONTHS. They are quoting a recent report by analyst Terry Bell.

From the article I gather that it is not an updated version. They are still concerned about SUF being able to pay Rangold. Quoted revenue for 1998 is ($M)24.79. 1999 is ($M) 40.44.
I believe that SUF has already far exceeded these targets.

This is an assumption on my part but I believe that the report is several months old and it would take a week or more to gather stories for the Digest, therefore the article's only value at this point would be in making investors aware of this undervalued company.

On your personal conjecture for discussion purposes! My thoughts are that possibly Diamonds will rise in conjuction with the price of Gold.
Diamonds have in the past have kept their value even when times were hard and gold was much higher then now. This could mean that some investors prefer to keep parcels of diamonds instead of bulk gold in their mattresses. In times of turmoil especially in countries where a financial meltdown could easily turn nasty, diamonds are a very portable commodity.

Cheers !!! Peter
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