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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: Paul Bilecki who wrote (3554)6/6/1999 1:15:00 AM
From: Paul Bilecki  Read Replies (1) of 7235
 
Confluence does make a good point. Take me with a large grain of salt! I am not always right, but have been pretty good lately. However, Southernera does owe us a further explanation of what they surmise to be the situation at Munn and future work. You can not just spend months of time and spend tons of shareholder cash, and not do what you said you were going to do (drill Margaret Lake) and then release partial results without an explanation and no mention of the future.

It is not me misleading the investor, its the poor communications job mining companies do with the investing public. Internet companies are way better in my opinion and I have shifted a significant portion of my portfolio to technology stocks and out of mining. I know that commodity/mineral prices are in the shit house, but Southernera's share price along with many others in mining business who are outperfomring but still have a shitty share price is proof that its time for mining companies to do a better information flow. The whole mining industry needs to change their attitude or it is going to get worse. Even a Southernera could become a penny stock the way their going and look what they have.

Anyways, the way its going is the mining industry is going to get further smoked. Just maybe I can pick us some cheap shares of all of these companies real when their auctioned off for pennies.

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