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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: RBMac who wrote (2078)10/10/1998 4:43:00 PM
From: Valuepro  Read Replies (2) of 7235
 
Interestingly, John Kaiser's newsletter from the end of last month speculated on just this sort of thing happening between SUF and NDR. For what it's worth, you might find one of his comments of interest. "A paper bid by Southernera, for example, on the basis of 2 New Indigo for 1 Southernera would dilute Southernera by only 7.5 million shares, would give the New Indigo shareholders a reasonably liquid market at $3-4 per New Indigo share, and bring a strong partner into the Jericho play." Kaiser does not explain how/why NDR could be worth half the current share value of SUF.

Vaughn, thanks for the correction. An apology is not necessary.

VP
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