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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: teevee who wrote (3426)5/20/1999 9:35:00 PM
From: Gord Bolton  Read Replies (1) of 7235
 
It is not that I do not like the company teevee. They have some great people, great properties, great capabilities, and fantastic potential.
In some areas they need some feedback which is straight to the point. I'm sure that nearly all companies management get feather the nest-itis at one point or another. The shareholders have to remind them that the idea is either share price appreciation for everyone or dividends--not options and rewards for the opposite.

One other area that SUF needs to focus on is their Web site and general information distribution policies. The website is badly out of date and could be used much more effectively.

Aside from the total screw up over revenue from the fourth quarter of 1998 there was the little issue of information sharing which cost the shareholders a lot of money. If one had the BOE Securities and First Marathon write ups from the winter of 1999 in their hands, they had a whole lot more information than was available on the SUF web site.

Through a lack of information sharing many investors and some brokers were of the opinion that the best of Marsfontein, the richest little mine in the world, had come and gone without significant profit or dividend and it was all downhill from here. Whereas, they have only begun to explore, and the results so far indicate they will be processing diamonds from Marsfontein for a long time after the M1 is vaguely remembered history.

The next thing you know there is a major dispute happening over the price of the diamonds produced at Marsfontein and the company has no comment for weeks and weeks. What's up with that?

SUF has enough going on in various and sundrie places that they could provide a weekly update through the website. It is not that we are curious--it is that we are intere$ted. Show us the weekly production. Where is the diamond market at? Give us the results of the sampling on Marsfontein as they are done. This is the information age. Shareholders love information. If there was enough information flow there would never be an unjustified slide from $9.00 to $4.35 when the stock is worth $15.00 to $20.00.
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