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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: gemsearcher who wrote (3033)4/20/1999 10:47:00 PM
From: Gord Bolton  Read Replies (1) of 7235
 
southernera.com

Check out the slide show on the Messina Mine. Looks very good, like maybe $1.00 per share per year net! Charts, Graphs, drawings, numbers the whole works.

With regard to the trading and share price recently, I have come to thje conclusion that it has nothing to do with fundamentals or prospects. I think maybe it has to do with the payment of shares for percentage ownership and control of Camafuca pipe.

SUF issued 1/2 million shares several years ago as part of their initial payment. Did we see a big cross recently of 1/2 million shares?

I year ago SUF issued to the same party about 175,000 shares as part of the further payment due and as final settlement this month SUF issued $3.25 million in shares to the same party at the prevailing price.

SUF is not heavily traded so I think these turkeys knocked the share price down to accomadate their cross and to lower the share price to get more shares for their money.

This has caused an ugly chart, some unexpected margin calls and some panic selling. Some folks are wondering what is going on. Good news all around, great profits and the share price is faltering.

If the party who is selling had any sense they would be raising their price every day by a nickel and they would sell a whole lot more than they will by sitting on it at $5.50 and dumping on the bids.

That is why I am saying. Take advantage and soak up those cheap shares. Soon they will all be gone and you will wish that you had bought more.

There will be some great earnings coming up from S.A. I have a feeling that when things settle down in Angola, Camafuca will surprise many.

Now a few home grown Canadian pipe fulls would be nice. We should hear something very soon on the CF results from the Kennecott pipe. We should know what kind of munster lurks below Munn lake. And it would be nice to hear how the pipe poking is going at Yamba.
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