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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: gemsearcher who wrote (2854)4/13/1999 2:17:00 PM
From: Peter Bourgeois  Read Replies (2) of 7235
 
Hello Gemsearcher,

At the rate that SUF has been sliding, it will not be too long before we get kicked out of the 300. I suspect that margin calls will be coming more and more quickly now with this big drop today.

First Marathon is still buying and are probably quite happy with the price slide. It would not surprise me that they are putting out margins calls as well as other brokerages.

If something does not happen soon, we will be back into the realm of the penny stocks. It is too bad since this is a wonderful company with plenty of upside. Progress reports are what is needed. With no news about Camafuca, progress on further SA pipes or the NWT drilling, the market assumes that everything is bad. If no news is forthcoming very soon than I suggest that the few shares being traded everyday will turn into a much larger volume as more and more people dump.

Cheers !!! Peter
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