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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: Peter Bourgeois who wrote (3115)4/29/1999 12:52:00 PM
From: Gord Bolton  Read Replies (2) of 7235
 
It is very clear at this point that investors have the chills over Angola, the jitters over S.A. and will wait and see with regard to South America. Many were hoping for a larger profit report from Marsfontein and maybe even a dividend. The change in accounting does not seem to have been "accounted" for well enough.
Many folks were hoping for positive developments in the NWT to anchor the entire operation. The black out on news from the one area that everyone is excited about has clearly dampened interest in the shares. I sense that we could have a turnaround and it could have happened today but he lack of news has disappointed again. We need to give the sellers reason to retract their offers.
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