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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: GEORGES who wrote (2488)2/19/1999 2:01:00 PM
From: Confluence  Read Replies (1) of 7235
 
Hello Georges and Vaughn,

The SUF press release in early January stated that the company has ceased operations at both Luo and Cassanguidi. In fact, all personnel had left prior to Xmas, leaving the operations in the hands of their partners. SUF still retains a 10% participation in profits, but in reality these two areas should not be considered in production or earnings expectations.

So, given that SUF has no assets in the area, no downside can be expected.

Regards,

Confluence
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