SOUTH AFRICAN MINING Message Board

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Gold/Mining/Energy : SOUTH AFRICAN MINING

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To: sea_urchin who wrote (429)	4/13/1999 6:17:00 PM
From: russet	Read Replies (1) of 472

Still looking in here Searle?, Southern Era (Suf.tse) has a partnership with DeBeers on the Marfontein farm diamond property in South Africa. Cash flow is great, and increasing, but the stock price is on a steady decline. I'm hearing whispers about South African government looking for more tax dollars from diamond sales and other industry. There appears to be selling from Europe causing some of Suf's price decline. I'm wondering if the SAf government is sending signals to industry they want more money from them, and this may in part, be causing some of Suf's price decline? Is it affecting any other SAf companies? Is it election talk, or a further swing to the left? If not government, might it have something to do with the property, or the joint venture partners? Any info you could share would be greatly appreciated by many shareholders on this side of the pond. russett

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