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

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To: gemsearcher who wrote (2704)4/2/1999 2:02:00 PM
From: Gord Bolton  Read Replies (1) of 7235
 
The EPS did not meet some analysts expectations because there is a two month lag between production and being paid from DEBEERS.
SUF did not show the full production as earnings because it had not been received yet.
THe full annual report should show it as inventory or accounts receivable. It will take a little time for everyone to figure this out and then we should see some renewed and vigorous buying with few sellers for under $10.00.
I hope this is accurate and helps to ease the anxiety in the meantime. And a half dozen pipes in the NWT should create some excitement!
It appears that there is a good deal of potential for more M1s on Marsfontein and Klipspringer.

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