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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: Confluence who wrote (3011)4/19/1999 9:25:00 AM
From: gemsearcher  Read Replies (1) of 7235
 
Hello Confluence.

Every analyst report that I have seen (FM , TD , Merrill , NB and BOE) all have pointed to cash flow concerns post - M1 ; i.e. the need for SUF to bring another mine into production to complement production from the Klipspringer fissures. The Messina deal addresses that concern in spades (I was - and still am - betting on another find at Marsfontein so this deal is an incredible bonus). I do however have some concern that the domestic market may not fully appreciate this in terms of the share price in the absence of a strike in the NWT - i.e. the analysts may be bullish but the buyers aren't there ; in that eventuality a foreign listing will almost become a necessity.

I seem to recall a previous poster noting that the JSE does not permit dual listings , or at least requires that the primary listing be the JSE?

You DO remember Berton! As for the Great One , yes , yesterday was a sad day.

Regards. gemsearcher
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