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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: BozkurtD who wrote (2099)10/14/1998 9:59:00 PM
From: PHILLIP FLOTOW  Read Replies (1) of 7235
 
BoskurtD,
Today Debeers announced that they were selling a minority interest in a non-diamond asset to a subsidiary for cash as part of a buyout by the subsidiary. Both DBRSY and MNRCY (Minorco) were up on this news. I would take this to mean a continuing effort to support the price of diamonds. This could be part of the spark for today's move in SUF.
Your comments are welcome.
PHIL
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