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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?

To: Shaw who wrote (4345)	8/18/1999 2:30:00 PM
From: Peter Bourgeois	Read Replies (1) \| Respond to of 7235

Hello Shaw, FM has been doing these crosses for months now. I have no idea what they are doing. Cheers !!! Peter

To: Shaw who wrote (4345)	8/18/1999 5:03:00 PM
From: russet	Respond to of 7235

SUF just got its first bounce with volume since the AGM. It sounds like a cliche, but it does appear shares are moving from weak (margined) hands, and perhaps, ending up in strong hands (long term investors). $3.00 does seem to be a key support level. A lot of good support came in today after going down 10% below $3.00. Best market depth on the bid size I have seen for months. I guess we will either bounce around here a few times, before someone nice at SUF gives us some decent news and analysis of current SAf projects, or we break the floor and head down in the current vacuum of news and analysis. Could be a week or two before the brokerage houses give up supporting it. I hope someone at Suf is on the phone with broker/analysts tonight keeping them up to date and asking for some help. It looks an awful lot like FM is accumulating for someone, and then crossing to that person(?) every now and then. If one goes back over many months, you can see they have made many crosses of nearly 1 million shares in total(and I only looked at a few months, perhaps there is more). If you have a broker, you should ask them that question. They may know more and be willing to share. We are hamsters in the cat's den until the Suf boys finish their due diligence on Messina and give the nod for a go ahead. Failing that, they better give us a lot more drilling info on Klipspringer and Marsfontein, and I hope it is favorable with lots of tonnes of profitable US$ per tonne kimberlite and/or gravels,... or this market will eat up the few bits of kibble this hamster has left in this play. In the meantime, you should join me and give SUF a phone call and let them know your concerns. We have about 3 months to wait before real info starts flowing from Klipspringer/Marsfontein on the latest exploration and processing, and about 4 months before the details of the study on Messina are made public and we get the "go" or "no go" We will have another earnings report in a few months, and it should be more favorable than the last quarter, and much more like the first quarter. M1 keeps chugging along, but its time to know what Leopard (its only replacement so far) will do. Hope they are not just mining Leopard, but actually processing it to determine its processing characteristics. Then they can definitively say, Leopard can, and will replace M1, and be profitable, and here are the numbers to prove it. Only one thing I can say for sure,....it will be a long 3-4 months. russett, the hamster splat.